Powered by CharityEZ

Charity report ready

LOC CREDIT UNION

We found this organization. Review its mission, finances, leadership, and ways to help below.

Back to search results

This takes you back to the exact search that opened this report.

Public IRS 990 nonprofit record

LOC CREDIT UNION

EIN 38-0549595 · Mutual & Membership Benefit (Y)

What they do

WE OFFER A COMMITTMENT to OUR MEMBERS to PROVIDE QUALITY FINANCIAL SERVICES IN A FRIENDLY MANNER WITH SOUND PROFESSIONAL LEADERSHIP.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$82.93spent for every $100 of revenueRevenue covered expenses this year.
$24.20in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $344,037 for STEPHEN P GRECH (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$22,216,364
Expenses$18,423,660
Annual surplus $3,792,704 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$22,216,364
Expenses$18,423,660
Assets$445,936,870
Income$24,169,114
Stocks and bonds$134,497,294
Accounting fees$107,023
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
STEPHEN P GRECHPRESIDENT/CEO · 40 hrs/week $344,037Base $301,964 · Other $42,073
JONATHON ELLIOTTSENIOR EVP · 40 hrs/week $261,067Base $224,438 · Other $36,629
CHRISTENA KOESTEREVP OPERATIONS AND TECHNOLOGY · 40 hrs/week $242,524Base $186,525 · Other $55,999
KARI CIARAMITAROEVP FINANCE · 40 hrs/week $216,079Base $187,241 · Other $28,838
DARIN BENTLEYVP & CHIEF INFORMATION OFFICER · 40 hrs/week $198,341Base $165,256 · Other $33,085
WILLIAM COOKVP OF REAL ESTATE LENDING · 40 hrs/week $192,723Base $165,573 · Other $27,150
MARC BUCHANANVP & CHIEF MARKETING/DIGITAL BANKING OFFICER · 40 hrs/week $171,179Base $151,671 · Other $19,508
KIMBERLY HAGSTROMVP & CHIEF FINANCIAL OFFICER · 40 hrs/week $153,528Base $144,079 · Other $9,449
JOHN SCOTTVP & CHIEF LENDING OFFICER · 40 hrs/week $142,590Base $118,404 · Other $24,186

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (21)

STEPHEN P GRECHPRESIDENT/CEO

JONATHON ELLIOTTSENIOR EVP

CHRISTENA KOESTEREVP OPERATIONS AND TECHNOLOGY

KARI CIARAMITAROEVP FINANCE

DARIN BENTLEYVP & CHIEF INFORMATION OFFICER

WILLIAM COOKVP OF REAL ESTATE LENDING

MARC BUCHANANVP & CHIEF MARKETING/DIGITAL BANKING OFFICER

KIMBERLY HAGSTROMVP & CHIEF FINANCIAL OFFICER

JOHN SCOTTVP & CHIEF LENDING OFFICER

DOMENIC LAURIADIRECTOR

ANNE SCHROEDERDIRECTOR

DAVID DRAKEDIRECTOR

MICHAEL CONNOLLYDIRECTOR

MICHAEL LASLEYCHAIRPERSON

NATALIE CLEMONSDIRECTOR

PATRICK MONTIDIRECTOR

PAUL HAINSECRETARY

PAUL WYDENDORFDIRECTOR

PAUL J RENKO JRV. CHAIRPERSON

DALE COUNTEGANTREASURER

BETTY RICHARDSDIRECTOR

About this charity

Recognized since
January 1956
Location
22981 FARMINGTON RD, FARMINGTON, MI 48336-3915
County
Oakland
In care of
KARI CIARAMITARO
Primary officer
KARI CIARAMITARO, EVP - FINANCE AND ACCOUNTING

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
DOEREN MAYHEW
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

Thanks for caring! Learning about a charity is a great first step toward giving back.

About this report: Information comes from public nonprofit records and may show the latest filing available.

Back to search results
Want to go deeper?

Full charity research is waiting at CharityEZ

Explore complete charity searches, information, reports, and research tools.

For Full Charity Searches and Information — Try CharityEZ
Are you this charity?Keep your current needs updated free with CharityEZ.
Post your needs free