Overview
What is Lafcu?
Lafcu is a credit union based in Lansing, Michigan, with an address at 106 N Marketplace Boulevard. As a cooperative financial institution, it offers loans and savings products and services to its members. Lafcu's mission is to adapt to the evolving financial needs of its members and help them achieve personal financial security, aligning with the credit union philosophy. With a workforce of 193 employees, the organization focuses on primary member services, branch operations, and contact center support.
Official website here: www.lafcu.com
Is Lafcu legitimate?
Lafcu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lafcu submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $976,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,185,581
For more financial information, click here
Official website here: www.lafcu.com
What is the mission statement of Lafcu?
Lafcu is a cooperative financial institution committed to providing loans, savings products, and services to its members. While upholding the credit union philosophy, Lafcu aims to adapt to the evolving financial needs of its members, contributing to their personal financial security. The organization prioritizes primary member services, with a significant portion of its staff dedicated to branch operations and contact center support.
Official website here: www.lafcu.com
Who is the CEO of Lafcu?
Patrick Spyke is the Board President of Lafcu. The CEO's salary of Lafcu is $451,108 and their total compensation is $496,618.
Official website here: www.lafcu.com
What is the revenue of Lafcu?
Who are the executives of Lafcu and what are their salaries?
The average compensation at Lafcu during 2022 was $57,834. There are 193 employees and 17 volunteers at Lafcu.
Here are 15 key members and their salaries (Lafcu's CEO's salary is $451,108 and their total compensation is $496,618):
- Patrick Spyke (Ceo)
- Kelly Ellsworth-Etchison (Chief Marketing Ofcr./Chie)
- James Mchale (Chief Financial Officer)
- Jason Smith (Chief Lending Officer)
- Angela Ruzinsky (Chief Membership Officer)
- Robyn Howell (Chief Human Resource Offic)
- Emily Jannereth (Chief Technology Officer)
- Ahmed Issawi (It Manager)
- Harold Foster (Board President) [Trustee/Director]
- Melvin Place (Board Vice-President) [Trustee/Director]
- Tom Martinson (Board Treasurer) [Trustee/Director]
- Tom Culpepper (Board Secretary) [Trustee/Director]
- Jere Auvenshine (Board Member) [Trustee/Director]
- Paulette Warren (Board Member) [Trustee/Director]
- Randy Freeman (Board Member) [Trustee/Director]
Official website here: www.lafcu.com
Where can I find the form 990 for Lafcu?
The Lafcu’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lafcu.com
Learn more at the official website: www.lafcu.com
Mission Statement of Lafcu
Lafcu, a cooperative financial institution and credit union, is dedicated to providing financial services that cater to the evolving needs of its members. Committed to upholding the credit union philosophy, Lafcu strives to help its members attain personal financial security.
Through its primary focus on member services, Lafcu boasts a team of skilled staff members and maintains a 50% branch operation model. Additionally, the organization operates a contact center, ensuring that members receive efficient and effective assistance with their financial matters.
Savings products form an integral part of Lafcu's offerings. By offering these services, the credit union enables its members to save and build a financial foundation for their future. With a commitment to adapt to the changing financial landscapes of its members, Lafcu continues to prioritize their needs and ensure their financial well-being.
Impact
This information is meant to be a general summary of Lafcu. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Lafcu's impact is felt through its provision of essential financial services to its members. By offering loans and savings products, Lafcu helps individuals manage their finances, achieve personal financial security, and meet their changing financial needs. Through its cooperative financial model, Lafcu embodies the credit union philosophy and strives to benefit the public by promoting financial well-being among its members in Lansing, Michigan.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$35,323,794
FEES, CHARGES, OTHER
Revenue
$11,464,183
Organization Details
Founding Year
1936
Phone
(517) 622-6600
Principal Officer
Patrick Spyke
Main Address
106 N MARKETPLACE BOULEVARD, LANSING, MI, 48917
Website
www.lafcu.com
NTEE Category
Code: W60 - Public benefit
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