Michigan First Credit Union
Lathrup Village, MI · EIN 38-0481580 · Rank 4,140 by total revenue
To be the only financial institution for our members.
Money, Form 990 for tax year 2024
- Total revenue
- $136,429,900
- Total expenses
- $119,530,646
- Total assets
- $1,471,891,427
- Salary base (all salaries and wages)
- $36,846,910
- Salaries, other pay and benefits
- $45,584,845
- Employees
- 616
- Salary base per employee
- $59,816
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (20)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Jennifer Borowy | CHIEF EXECUTIVE OFFICER | Officer | 50 | $716,216 |
| Janet Barden | CHIEF FINANCIAL OFFICER | Officer | 50 | $385,508 |
| Jennifer Glenfield | CHIEF MARKETING OFFICER | Officer | 50 | $377,473 |
| Delonaka Edwards | CHIEF OPERATIONS OFFICER | Officer | 50 | $304,832 |
| Susan Postemski | CHIEF DATA ANALYTICS OFFIC | Key employee | 50 | $793,841 |
| Daniel Sugg | CHIEF MORTGAGE OFFICER | Key employee | 50 | $565,252 |
| Patricia Jones | CHIEF HUMAN RESOURCES OFFI | Key employee | 50 | $472,868 |
| Gerald Bettens | CHIEF INFORMATION OFFICER | Key employee | 50 | $443,832 |
| Jeff Fitrzyk | CHIEF LENDING OFFICER | Key employee | 50 | $400,619 |
| Brian McCown | AVP, MORTGAGE OPERATIONS | Key employee | 45 | $278,162 |
| Larry Rice | SR. DIRECTOR OF IT SERVICE DEL | Key employee | 45 | $276,150 |
| Linda Height | CHAIRPERSON | Board | 1 | None reported |
| Deirdre Scott | VICE CHAIRPERSON | Board | 1 | None reported |
| David Turner | DIRECTOR | Board | 1 | None reported |
| Nadine Tibbs-Stallworth | SECRETARY | Board | 1 | None reported |
| Dandridge Floyd | TREASURER | Board | 1 | None reported |
| Donna Vandervries | DIRECTOR | Board | 1 | None reported |
| Ines De Jesus | DIRECTOR | Board | 1 | None reported |
| Jalen Jennings | DIRECTOR | Board | 1 | None reported |
| Larry Freeman | DIRECTOR | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $4,858,660, which is 13.2% of the $36,846,910 salary base shared by 616 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Susan Postemski | CHIEF DATA ANALYTICS OFFIC | Key employee | 50 | $695,412 | $0 | $98,429 | $793,841 |
| Jennifer Borowy | CHIEF EXECUTIVE OFFICER | Officer | 50 | $673,330 | $0 | $42,886 | $716,216 |
| Daniel Sugg | CHIEF MORTGAGE OFFICER | Key employee | 50 | $493,512 | $0 | $71,740 | $565,252 |
| Patricia Jones | CHIEF HUMAN RESOURCES OFFI | Key employee | 50 | $356,647 | $0 | $116,221 | $472,868 |
| Gerald Bettens | CHIEF INFORMATION OFFICER | Key employee | 50 | $360,949 | $0 | $82,883 | $443,832 |
| Jeff Fitrzyk | CHIEF LENDING OFFICER | Key employee | 50 | $320,991 | $0 | $79,628 | $400,619 |
| Matthew West | MORTGAGE LOAN OFFICER | Highly paid employee | 40 | $365,392 | $0 | $32,827 | $398,219 |
| Janet Barden | CHIEF FINANCIAL OFFICER | Officer | 50 | $315,527 | $0 | $69,981 | $385,508 |
| Jennifer Glenfield | CHIEF MARKETING OFFICER | Officer | 50 | $324,975 | $0 | $52,498 | $377,473 |
| Delonaka Edwards | CHIEF OPERATIONS OFFICER | Officer | 50 | $286,242 | $0 | $18,590 | $304,832 |
Sources
- IRS e-file return 202542749349300834 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-0481580
- Organization website (as filed): www.michiganfirst.com