Nonprofits›Credit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

GRAND RAPIDS, MI

WebsiteView as a funder

Total revenue

$829.4M

Total expenses

$680.2M

Net assets

$1.5B

Grants received

—

EIN

381215360

Tax year

2024

Mission

Promotion of thrift and providing low cost credit and other financial services for its members through mutual and nonprofit organization.

Programs

2 programs

Lake michigan credit union has over 1,290,600 deposit accounts that aggregated approximately $12,352,631,000 as of december 31, 2024. Deposit products include savings, checking, money market, individual retirement accounts and certificates.

Lake michigan credit union offers a wide variety of services to its more than 499,000 members including, but not limited to, online banking, mobile banking, wire services, overdraft protection and digital wallet.

Financials

FY 2024

Revenue

Contributions & grants—
Program service revenue$744.0M
Investment income$70.6M
Other revenue$14.8M
Total revenue$829.4M

Expenses

Grants paid$289K
Salaries & benefits$167.1M
Fundraising—
Other expenses$512.7M
Total expenses$680.2M
Total assets$14.5B
Net assets$1.5B

People

32 listed

NameRoleCompensation

SANDRA JELINSKI

CEO

Board

$6.5M

40 hrs/wk

JULIE LEONARD

CEO

Board

$999K

40 hrs/wk

ERIC BURGOON

CHIEF EXPERIENCE

Board

$808K

40 hrs/wk

NORA SWART

CPO

Board

$404K

40 hrs/wk

DON BRATT

CMO

Board

$276K

40 hrs/wk

CHRISTI COWDIN

CMO

Board

$255K

40 hrs/wk

KEVIN SMITH

CIO

Board

$231K

40 hrs/wk

CHRISTOPHER ORTEGA

CIO

Board

$172K

40 hrs/wk

TIMOTHY GORTSEMA

SECRETARY

Board

—

1 hrs/wk

DAVE BARDOLPH

TREASURER

Board

—

1 hrs/wk

BOB WHITE

DIRECTOR

Board

—

1 hrs/wk

GRETCHEN TELLMAN-PARTRIDGE

CHAIRPERSON

Board

—

1 hrs/wk

MIKE RICE

DIRECTOR

Board

—

1 hrs/wk

BOB PARTIDGE

DIRECTOR

Board

—

1 hrs/wk

CHERI PARKER

DIRECTOR

Board

—

1 hrs/wk

JUAN OLIVAREZ

VICE CHAIRPERSON

Board

—

1 hrs/wk

JACK NEWBERRY

DIRECTOR

Board

—

1 hrs/wk

TIMOTHY MYERS

DIRECTOR

Board

—

1 hrs/wk

BRAD MATHIS

DIRECTOR

Board

—

1 hrs/wk

CAITLIN TOWNSEND-LAMB

DIRECTOR

Board

—

1 hrs/wk

MATTHEW ADLER

MORTGAGE LOAN ORIGINATOR

Staff

$1.3M

40 hrs/wk

ZAC ELLERBROEK

MORTGAGE LOAN ORIGINATOR

Staff

$1.1M

40 hrs/wk

CORBIN BUTTLEMAN

VP RETAIL MORTGAGE SALES TC

Staff

$933K

40 hrs/wk

JAMES PAQUETTE

MORTGAGE SALES MANAGER BRIGHTON

Staff

$773K

40 hrs/wk

PETER DANN

EVP CFO

Staff

$708K

40 hrs/wk

EMIL IZRAILOV

MORTGAGE SALES MANAGER FH

Staff

$562K

40 hrs/wk

SARA KEMPERMANN

SVP COO

Staff

$461K

40 hrs/wk

MARK POWELL

SVP CRO

Staff

$451K

40 hrs/wk

JAMES MASKELL

SVP CCO

Staff

$451K

40 hrs/wk

ALICIA FORCE

FORMER SVP CONSUMER LENDING

Staff

$340K

0

MARTIN PELTIER

CGO

Staff

$339K

40 hrs/wk

SARA MIKLUSICAK

CPO

Staff

$218K

40 hrs/wk

Independent contractors

NEWCO DESIGN BUILD LLC

CONSTRUCTION

$4.2M

BLACK KNIGHT TECHNOLOGIES LLC

SOFTWARE

$3.2M

AT&T 019

COMMUNICATION

$3.0M

JACK HENRY & ASSOCIATES INC

SOFTWARE

$3.0M

VISA

PROCESSING

$2.6M

Details

EIN381215360
Subsection14
Ruling date1956-10
Formed1933
Employees1701
Volunteers0
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo