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Credit Unions Chartered In The State Of Michigan

1197 Lafcu

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Summary charts: organization finances over time

Revenue
$64.5M (2023)

Expenses
$57.2M (2023)

Total Assets
$1.03B (2023)

Total Liabilities
$924M (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$64,543,625
Expenses
$57,206,143
Net Income
$7,337,482
Net Assets
$105,304,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,196,329
90.2%
Investment Income $4,719,582
7.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,627,714
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,341,422
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $11,523,432
20.1%
Assets/Debt
Total Assets $1,029,416,440
Total Liabilities $924,112,202
Net Assets $105,304,238
Compensation
Key Employees and Officers Compensation Related Other
Patrick Spyke (Ceo) $473,374 $0 $92,926
Kelli Ellsworth Etchison (Chief Marketing Ofcr./Chie) $255,966 $0 $56,602
Robyn Howell (Svp/Coo) $211,273 $0 $56,101
Emily Jannereth (Chief Technology Officer) $182,888 $0 $33,613
Jason Smith (Chief Lending Officer) $177,075 $0 $51,598
Angela Ruzinsky (Chief Membership Officer) $170,101 $0 $44,441
Leslie Rorie (Cfo) $164,654 $0 $30,526
Ahmed Issawi (It Manager) $153,408 $0 $23,390
Kimberly Austin (Director Of Collections) $140,148 $0 $21,179
Harold Foster (Bod President(until February 2023)) $0 $0 $0
Melvin Place (Bod Vice President) $0 $0 $0
Tom Martinson (Bod Treasurer) $0 $0 $0
Tom Culpepper (Bod Secretary) $0 $0 $0
Jere Auvenshine (Bod Member) $0 $0 $0
Paulette Warren (Bod Member) $0 $0 $0
Randy Freeman (Bod President(effective March 2023)) $0 $0 $0
Melvin Coleman (Bod Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,596,579
Expenses
$43,349,555
Net Income
$8,247,024
Net Assets
$102,432,177
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $46,787,977
90.7%
Investment Income $2,707,763
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $61,320
0.1%
Net Inventory Sales $0
Other Revenue $2,039,519
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $976,306
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $10,185,581
23.5%
Assets/Debt
Total Assets $986,262,376
Total Liabilities $883,830,199
Net Assets $102,432,177
Compensation
Key Employees and Officers Compensation Related Other
Patrick Spyke (Ceo) $451,108 $0 $45,510
Kelly Ellsworth Etchison (Chief Marketing Ofcr./Chie) $216,307 $0 $27,004
James Mchale (Chief Financial Officer) $178,257 $0 $58,120
Jason Smith (Chief Lending Officer) $164,085 $0 $32,017
Emily Jannereth (Chief Technology Officer) $163,581 $0 $14,616
Angela Ruzinsky (Chief Membership Officer) $156,049 $0 $28,610
Robyn Howell (Chief Human Resource Offic) $154,200 $0 $29,103
Ahmed Issawi (It Manager) $136,219 $0 $8,066
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Tom Martinson (Board Treasurer) $0 $0 $0
Tom Culpepper (Board Secretary) $0 $0 $0
Jere Auvenshine (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0
Randy Freeman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,684,897
Expenses
$37,007,507
Net Income
$9,677,390
Net Assets
$103,055,036
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,377,911
92.9%
Investment Income $1,246,204
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,080
0.0%
Net Inventory Sales $0
Other Revenue $2,051,702
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $828,841
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $9,477,661
25.6%
Assets/Debt
Total Assets $943,734,939
Total Liabilities $840,679,903
Net Assets $103,055,036
Compensation
Key Employees and Officers Compensation Related Other
Patrick Spyke (Ceo) $398,964 $0 $44,665
Kelly Ellsworth Etchison (Chief Marketing Ofcr./Chief Diversity Ofcr.) $165,584 $0 $25,290
James Mchale (Chief Financial Officer) $160,947 $0 $33,391
Jason Smith (Chief Lending Officer) $147,006 $0 $31,461
Emily Jannereth (Chief Technology Officer) $142,288 $0 $12,009
Angela Ruzinsky (Chief Membership Officer) $139,103 $0 $27,927
Robyn Howell (Chief Human Resource Officer) $129,780 $0 $30,071
Kimberly Austin (Director Collections) $119,756 $0 $3,043
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Member) $0 $0 $0
Tom Martinson (Board Treasurer) $0 $0 $0
Tom Culpepper (Board Secretary) $0 $0 $0
Randy Freeman (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,633,555
Expenses
$37,978,336
Net Income
$6,655,219
Net Assets
$93,534,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,616,522
88.8%
Investment Income $1,389,581
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,627,452
8.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $681,436
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $9,746,962
25.7%
Assets/Debt
Total Assets $848,413,090
Total Liabilities $754,878,495
Net Assets $93,534,595
Compensation
Key Employees and Officers Compensation Related Other
Patrick Spyke (Ceo) $385,309 $0 $67,983
Tamela Mcpherson (Chief Financial Officer) $178,622 $0 $27,241
Brian Wixson (Cio) $151,948 $0 $41,400
Jason Smith (Chief Lending Officer) $145,978 $0 $40,887
Kelli Etchison (Chief Marketing Officer) $134,392 $0 $34,668
Angela Ruzinsky (Chief Membership Officer) $119,043 $0 $32,905
Kimberly Austin (Director Collections) $118,733 $0 $18,769
James Mchale (Chief Financial Officer) $20,750 $0 $1,531
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Member) $0 $0 $0
Tom Martinson (Board Treasurer) $0 $0 $0
Tom Culpepper (Board Secretary) $0 $0 $0
Randy Freeman (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,479,866
Expenses
$35,430,696
Net Income
$8,049,170
Net Assets
$87,864,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,818,879
87.0%
Investment Income $2,716,665
6.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,944,322
6.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $650,367
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $9,956,622
28.1%
Assets/Debt
Total Assets $746,558,780
Total Liabilities $658,694,389
Net Assets $87,864,391
Compensation
Key Employees and Officers Compensation Related Other
Patrick Spyke (Ceo) $369,377 $0 $76,806
Tamela Mcpherson (Cfo) $175,773 $0 $28,411
Brian Wixson (Cio) $145,165 $0 $43,147
Kelli Etchison (Chief Marketing Officer) $132,987 $0 $36,482
Jason Smith (Chief Lending Officer) $122,385 $0 $40,163
James Thelen (Mortgage Loan Officer) $116,620 $0 $39,590
Angela Ruzinsky (Chief Membership Officer) $111,244 $0 $34,777
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Member) $0 $0 $0
Tom Martinson (Board Treasurer) $0 $0 $0
Tom Culpepper (Board Secretary) $0 $0 $0
Randy Freeman (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,286,566
Expenses
$32,982,472
Net Income
$5,304,094
Net Assets
$79,353,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,011,512
88.8%
Investment Income $3,260,590
8.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,763
0.1%
Net Inventory Sales $0
Other Revenue $974,701
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $794,113
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $9,711,784
29.4%
Assets/Debt
Total Assets $693,824,120
Total Liabilities $614,470,237
Net Assets $79,353,883
Compensation
Key Employees and Officers Compensation Related Other
Patrick Spyke (Ceo) $338,717 $0 $70,138
Tamela Mcpherson (Cfo) $161,331 $0 $23,375
Michael Shupe (Clo) $155,695 $0 $44,857
Brian Wixson (Cio) $139,876 $0 $42,344
Donald Killian (Controller) $130,592 $0 $35,029
Kelli Etchison (Svp Marketing) $116,533 $0 $34,704
Louann Keitchen (Vp Of Lending) $105,611 $0 $14,877
Todd Thelen (Vp Of Facilities) $101,511 $0 $14,358
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Member) $0 $0 $0
Tom Martinson (Board Treasurer) $0 $0 $0
Tom Culpepper (Board Secretary) $0 $0 $0
Randy Freeman (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,764,503
Expenses
$30,764,927
Net Income
$2,999,576
Net Assets
$73,779,516
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,458,032
87.2%
Investment Income $3,339,460
9.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$22,318
Net Inventory Sales $0
Other Revenue $989,329
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $561,281
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $9,396,713
30.5%
Assets/Debt
Total Assets $644,654,560
Total Liabilities $570,875,044
Net Assets $73,779,516
Compensation
Key Employees and Officers Compensation Related Other
Patrick Spyke (Ceo) $324,804 $0 $61,666
Tamela Mcpherson (Cfo) $153,018 $0 $21,793
Michael Shupe (Clo) $138,927 $0 $22,009
Brian Wixson (Cio) $138,180 $0 $40,083
Sharon Gillison (Svp Human Resources) $130,772 $0 $25,025
Donald Killian (Controller) $126,895 $0 $38,871
Kelli Etchison (Svp Marketing) $111,198 $0 $32,460
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Member) $0 $0 $0
Tom Martinson (Board Treasurer) $0 $0 $0
Tom Culpepper (Board Secretary) $0 $0 $0
Randy Freeman (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,848,903
Expenses
$30,259,432
Net Income
$2,589,471
Net Assets
$71,625,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,875,087
87.9%
Investment Income $2,403,408
7.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $51,651
0.2%
Net Inventory Sales $0
Other Revenue $1,518,757
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $698,692
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $9,087,072
30.0%
Assets/Debt
Total Assets $631,710,317
Total Liabilities $560,085,303
Net Assets $71,625,014
Compensation
Key Employees and Officers Compensation Related Other
Patrick Spyke (Ceo) $277,883 $0 $55,678
Robin Frucci (Ceo) $181,442 $0 $20,132
Tamela Mcpherson (Cfo) $143,077 $0 $20,480
Sharon Gillison (Svp Human Resources) $134,581 $0 $24,743
Brian Wixson (Cio) $134,551 $0 $35,758
Donald Killian (Controller) $120,005 $0 $34,277
Nassim Frangle (Vp Collections) $102,381 $0 $12,363
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Member) $0 $0 $0
Tom Martinson (Board Treasurer) $0 $0 $0
Tom Culpepper (Board Secretary) $0 $0 $0
John Lewis (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0
Randy Freeman (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,580,239
Expenses
$29,621,322
Net Income
$2,958,917
Net Assets
$69,391,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,902,043
88.7%
Investment Income $1,899,261
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$63,659
Net Inventory Sales $0
Other Revenue $1,842,594
5.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,504,864
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $8,402,753
28.4%
Assets/Debt
Total Assets $600,395,423
Total Liabilities $531,003,880
Net Assets $69,391,543
Compensation
Key Employees and Officers Compensation Related Other
Robin Frucci (Ceo) $339,135 $0 $55,379
Patrick Spyke (Evp) $186,923 $0 $43,215
Tamela Mcpherson (Cfo) $139,574 $0 $22,458
Brian Wixson (Cio) $131,185 $0 $39,157
Sharon Gillison (Svp Human Resources) $122,682 $0 $26,619
Donald Killian (Controller) $118,355 $0 $38,134
Nassim Frangle (Senior Team Collections) $102,144 $0 $17,397
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Treasurer) $0 $0 $0
Tom Martinson (Board Secretary) $0 $0 $0
Tom Culpepper (Board Member) $0 $0 $0
John Lewis (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,044,228
Expenses
$27,301,910
Net Income
$2,742,318
Net Assets
$67,667,896
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,341,243
91.0%
Investment Income $1,777,554
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $240,331
0.8%
Net Inventory Sales $0
Other Revenue $685,100
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,301,430
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $8,180,291
30.0%
Assets/Debt
Total Assets $573,814,707
Total Liabilities $506,146,811
Net Assets $67,667,896
Compensation
Key Employees and Officers Compensation Related Other
Robin Frucci (Ceo) $315,479 $0 $45,200
Patrick Spyke (Evp) $174,803 $0 $42,792
Sharon Gillison (Svp Human Resources) $124,310 $0 $26,249
Brian Wixson (Cio) $123,881 $0 $38,994
Tamela Mcpherson (Cfo) $121,055 $0 $39,582
Donald Killian (Controller) $112,770 $0 $37,621
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Treasurer) $0 $0 $0
Tom Martinson (Board Secretary) $0 $0 $0
Tom Culpepper (Board Member) $0 $0 $0
John Lewis (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,858,934
Expenses
$24,594,687
Net Income
$2,264,247
Net Assets
$65,228,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,610,112
91.6%
Investment Income $1,629,054
6.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $122,621
0.5%
Net Inventory Sales $0
Other Revenue $497,147
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,228,905
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $7,515,142
30.6%
Assets/Debt
Total Assets $560,969,173
Total Liabilities $495,741,150
Net Assets $65,228,023
Compensation
Key Employees and Officers Compensation Related Other
Robin Frucci (Ceo) $290,726 $0 $34,504
Patrick Spyke (Evp) $129,114 $0 $34,421
Brian Wixson (Cio) $117,487 $0 $36,818
Tamela Mcpherson (Cfo) $115,103 $0 $37,237
Sharon Gillison (Svp Human Resources) $113,510 $0 $21,250
Donald Killian (Controller) $111,235 $0 $35,807
Ronald Darling (Svp Lending Operations) $108,209 $0 $31,801
Harold Foster (Board President) $0 $0 $0
Melvin Place (Board Vice President) $0 $0 $0
Jere Auvenshine (Board Treasurer) $0 $0 $0
Tom Martinson (Board Secretary) $0 $0 $0
Tom Culpepper (Board Member) $0 $0 $0
John Lewis (Board Member) $0 $0 $0
Paulette Warren (Board Member) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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