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EIN 38-0893210

Lafcu (1197 Lafcu)

IRS 501(c) type
501(c)(14)
Num. employees
193
City
Lansing
State
Michigan
Year formed
1936
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
While promoting the Credit union philosophy, we are committed to providing financial services for the changing needs of our members and helping them obtain personal financial security.
Related structure
Lafcu (1197 Lafcu) is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Unions Chartered in the State of Michigan
Total revenues
$51,596,579
2023
Total expenses
$43,349,555
2023
Total assets
$986,262,376
2023
Num. employees
193
2023

Program areas at Lafcu (1197 Lafcu)

Savings products - primary member service staff/50% branch operations/contact center
Cash operations - 50% branch operations, support services - accounting.
Lending products - loan staffing and support services, collection staffing.

Grants made by Lafcu (1197 Lafcu)

GranteeGrant descriptionAmount
Xavier Degroat Autism FoundationCharitable Contribution$10,000

Personnel at Lafcu (1197 Lafcu)

NameTitleCompensation
Patrick SpykeChief Executive Officer$451,108
James McHaleChief Financial Officer$178,257
Kelly Ellsworth-EtchisonChief Marketing Ofcr and Chief Diversity Ofcr.$216,307
Emily JannerethChief Technology Officer$163,581
Angela RuzinskyChief Membership Officer$156,049
...and 4 more key personnel

Financials for Lafcu (1197 Lafcu)

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$46,787,977
Investment income and dividends$2,707,763
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$61,320
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,039,519
Total revenues$51,596,579

Form 990s for Lafcu (1197 Lafcu)

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-17990View PDF
2020-122021-11-03990View PDF
2019-122021-06-08990View PDF
2018-122020-02-05990View PDF
...and 5 more Form 990s
Data update history
January 11, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 11, 2024
Updated personnel
Identified 1 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
Education
Characteristics
State / local levelCommunity engagement / volunteeringProvides scholarships
General information
Address
106 N Marketplace Blvd
Lansing, MI 48917
Metro area
Lansing-East Lansing, MI
County
Eaton County, MI
Website URL
lafcu.com/ 
Phone
(517) 622-6600
IRS details
EIN
38-0893210
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1936
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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