Credit Unions Chartered in the State of 222 Lake Trust Credit Union
Brighton, MI · EIN 38-1250516 · Rank 3,888 by total revenue
Members will understand and experience the benefits of a credit union (cont'd on sch. o) relationship at a cost justified by the results. members have the capability to exercise control over their financial lives while sharing in the success of the organization. members experience rewards of a mutually beneficial relationship based on advocacy and trust resulting in trust and loyalty. members value the link between their benefits and their ownership.
Money, Form 990 for tax year 2024
- Total revenue
- $146,404,003
- Total expenses
- $135,151,985
- Total assets
- $2,640,189,205
- Salary base (all salaries and wages)
- $35,697,247
- Salaries, other pay and benefits
- $46,036,402
- Employees
- 561
- Salary base per employee
- $63,631
"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 (15)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| David Snodgrass | CEO AND PRESIDENT | Officer | 40 | $1,392,234 |
| Kara Stuewe | EVP CHIEF FINANCIAL OFFICER | Officer | 40 | $355,613 |
| Omari Boone | EVP GENERAL COUNSEL CRO | Officer | 40 | $306,925 |
| Kathryn Rusak | SECRETARY | Board, Officer | 5 | $11,193 |
| Michael Solo | CHAIRPERSON | Board, Officer | 10 | $1,115 |
| Ray Seidl | TREASURER | Board, Officer | 10 | None reported |
| Julie Bonner-Heine | VICE CHAIRPERSON | Board, Officer | 4 | None reported |
| Aaron Seybert | DIRECTOR | Board | 4 | $11,633 |
| Jamie Schriner | DIRECTOR | Board | 4 | $7,464 |
| Shane Lovellette | DIRECTOR | Board | 4 | $5,333 |
| Monica Martinez | DIRECTOR | Board | 4 | $3,980 |
| Philip Santer | DIRECTOR | Board | 4 | $3,810 |
| Dennis Tochman | DIRECTOR | Board | 4 | $1,890 |
| James Barnes | DIRECTOR | Board | 4 | $1,596 |
| Rick Laber | DIRECTOR | Board | 4 | $675 |
Top 10 paid people listed
These 10 people received $3,571,616, which is 10.0% of the $35,697,247 salary base shared by 561 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| David Snodgrass | CEO AND PRESIDENT | Officer | 40 | $1,002,892 | $0 | $389,342 | $1,392,234 |
| Kara Stuewe | EVP CHIEF FINANCIAL OFFICER | Officer | 40 | $316,280 | $0 | $39,333 | $355,613 |
| Razi Qadri | EVP CHIEF INFO & OPS OFFICER | Highly paid employee | 40 | $286,522 | $0 | $36,745 | $323,267 |
| Krassimir Kassbov | EVP CHIEF STRATEGY OFFICER | Highly paid employee | 40 | $296,649 | $0 | $20,538 | $317,187 |
| Omari Boone | EVP GENERAL COUNSEL CRO | Officer | 40 | $266,569 | $0 | $40,356 | $306,925 |
| Theresa Dubiel | EVP CHIEF MEMBER EXPERIENCE OFFICER | Highly paid employee | 40 | $271,158 | $0 | $22,046 | $293,204 |
| David Morgan | EVP CHIEF LENDING OFFICER | Highly paid employee | 40 | $250,325 | $0 | $35,675 | $286,000 |
| Brandalynn Winchester-Middlebrook | EVP CHIEF PEOPLE & PURPOSE OFFICER | Highly paid employee | 40 | $252,042 | $0 | $22,318 | $274,360 |
| Aaron Seybert | DIRECTOR | Board | 4 | $11,633 | $0 | $0 | $11,633 |
| Kathryn Rusak | SECRETARY | Board, Officer | 5 | $11,193 | $0 | $0 | $11,193 |
Sources
- IRS e-file return 202523089349303222 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-1250516
- Organization website (as filed): www.laketrust.org