Credit Unions Chartered in the State of 222 Lake Trust Credit Union
CREDIT UNIONS CHARTERED IN THE STATE OF is a public charity based in Brighton, Michigan, formed in 1943. Its 2024 filing describes services for members, while its grantmaking includes support for Michigan community organizations and initiatives. The organization’s filing says it oversees the Lake Trust Credit Union Foundation and monitors the use of grant funds for the foundation and credit union.
Credit Unions Chartered in the State of 222 Lake Trust Credit Union at a glance
In short: Credit Unions Chartered in the State of 222 Lake Trust Credit Union gave $349K across 22 grants in 2024 (avg $16K), mostly in Michigan. 50% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $348,848
- +36.4% vs 2023
- Grants made (2024)
- 22
- +10.0% vs 2023
- Average grant
- $15,857
- +24.0% vs 2023
- Median grant
- $10,000
- Total assets
- $2,640,189,205
- +1.7% vs 2023
- New grantees (estimate)
- 50% first-time grantees (11 of 22, 2024; small sample)
- Primary geography
- Michigan (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Credit Unions Chartered in the State of 222 Lake Trust Credit Union
- Contact
Mailing address: 4605 S Old Us Highway 23, Brighton, MI 48114
Phone: (888) 267-7200
Website: https://laketrust.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Credit Unions Chartered in the State of 222 Lake Trust Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Lake Trust Credit Union Foundation ($100K). Together the top 10 received $249K.
Grant Size Distribution
87 grants across all recorded years
The most common grant size was under $50K: 82 grants of 87 (94%).
Geographic Focus
Where this funder awards grants
The organization is based in Brighton, Michigan. Its 2024 grant dollars went to recipients in Michigan (98%) and Texas (2%). The website describes the Lake Trust Foundation’s work as supporting communities across Michigan, and its sponsorship request information identifies Michigan strategic priorities. The listed 2026 assistance and scholarship programs specify Michigan as their geographic scope.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
Cities
Is Credit Unions Chartered in the State of 222 Lake Trust Credit Union open to new grantees?
50%
first-time grantees, 2024
In 2024, 11 of 22 grantees (50%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $10K; repeat grants $22K. How we count
Medians: $10K first-time, $10K repeat.
- 45% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+3%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $244K (2020) to $363K (2022). In 2024 it made 22 grants totaling $349K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lake Trust Credit Union Foundation Brighton, MI | Lake Trust Foundation Annual Donation | $100,000 |
| Downtown Lansing Inc Lansing, MI | Big red ball vitality, middle village annual, & macotta club accelerator program sponsorships | $42,175 |
| Greater Brighton Area Chamber of Commerce Brighton, MI | Sponsorships: brighton street fair, livingston cty chmbr champion sponsor | $17,750 |
| Gleaners Community Food Bank Detroit, MI | Womens power breakfast & hartland school mobile food pantry | $17,448 |
| Allen Neighborhood Center Lansing, MI | Eastside lansing food co-op, seed festival, & kitchen incu yr 5 naming sponsorships | $13,750 |
| Greater Lansing Area MLK Holiday Commission Lansing, MI | 2024 Diversity Partner Sponsorship | $12,500 |
| The Salvation Army Southfield, MI | Livingston Cty Capital Campaign Pledge | $12,500 |
| Michigan Chamber Foundation Lansing, MI | 2024 mi athena leadership summit table & presenting level sponsor | $12,375 |
| Lacasa Howell, MI | Capital Campaign 2024 & Gala Ad Space | $10,350 |
| Chadtough Defeat Dipg Foundation Saline, MI | 2024 Chadtough Gala Sponsorship | $10,000 |
Ready to take the next step with Credit Unions Chartered in the State of 222 Lake Trust Credit Union?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,640,189,205 | $146,404,003 | $135,151,985 | $348,848 | 22 | $13,489,709 |
| 2023 | $2,596,794,878 | $121,931,528 | $111,804,935 | $255,748 | 20 | $11,351,340 |
| 2022 | $2,583,730,909 | $102,003,770 | $89,545,899 | $362,684 | 20 | $6,374,937 |
| 2021 | $2,506,983,660 | $98,643,521 | $80,818,201 | $339,944 | 15 | $3,059,530 |
| 2020 | $2,241,849,498 | $96,956,061 | $86,955,594 | $243,907 | 10 | $4,334,321 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is for members to understand and experience the benefits of a credit union relationship at a cost justified by results, to have the capability to control their financial lives, and to share in the organization’s success. Its filing says it promoted thrift to 180,188 members by offering loans, deposits, and other financial products.
Its website describes community priorities that include financial wellbeing, financial empowerment, and economic development. It invites organizations whose work fits its strategic priority areas to submit sponsorship requests through an online portal. The Lake Trust Foundation describes its areas of impact as empowering entrepreneurs, enabling youth to thrive, fostering economic equity, expanding access to attainable and secure housing, and strengthening community resilience.
In 2024, grants included support for organizations whose own missions address food access, neighborhood wellbeing, economic education and leadership, survivor support, and medical research. For example, Gleaners Community Food Bank says it works to provide households with nutritious food and related resources; Allen Neighborhood Center describes itself as a hub for Lansing’s Eastside community wellbeing; and LACASA says it supports survivors of abuse and promotes interpersonal safety.
Grantmaking
In filing year 2024, the organization reported 22 grants totaling $348,848. Grants ranged from $5,500 to $100,000, with a median of $10,000. Its largest reported grants included $100,000 to Lake Trust Credit Union Foundation for an annual donation; $42,175 to Downtown Lansing Inc. for sponsorships and programs; $17,750 to Greater Brighton Area Chamber of Commerce for sponsorships; and $17,448 to Gleaners Community Food Bank for a women’s breakfast and a school mobile food pantry.
Other reported grants included $13,750 to Allen Neighborhood Center, $12,500 to Greater Lansing Area MLK Holiday Commission, $12,500 to The Salvation Army, $12,375 to Michigan Chamber Foundation, $10,350 to LACASA, and $10,000 each to ChadTough Defeat DIPG Foundation, Economic Development Council of Livingston County, and Food Gatherers.
The website invites organizations aligned with its strategic priorities to submit a request for a sponsorship through an online portal.
The Launch Down Payment Assistance Program is a homebuyer assistance program for eligible individuals, not a grant program for outside organizations. The Michigan Impact Scholarship and New Beginnings Scholarship are also participant awards rather than grants to outside organizations. Their 2026 application periods ended April 12, 2026; the Launch program’s stated application start date was April 14, 2026, and its funding was available first-come, first-served until exhausted.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Michael Solo as chairperson; Kathryn Rusak as secretary; and Aaron Seybert, Jamie Schriner, Shane Lovellette, Monica Martinez, Philip Santer, Dennis Tochman, James Barnes, and Rick Laber as directors.
Credit Unions Chartered in the State of 222 Lake Trust Credit Union is led by David Snodgrass, CEO & President on every filing since 2020; 18 of 20 officers listed in 2024 are compensated.
Officers on the 2024 filing
David Snodgrass
CEO & President
On filings since 2020
40 hrs/week
$785K (2020) → $1M (2024)
Michael Solo
Chairperson
Director → Vice Chairperson, 2021
Vice Chairperson → Chairperson, 2024
On filings since 2020
10 hrs/week
$3K (2021) → $1K (2024)
Aaron Seybert
Director
On filings since 2020
4 hrs/week
$3K (2021) → $12K (2024)
Dennis Tochman
Director
Chairperson → Director, 2021
On filings since 2020
4 hrs/week
$954 (2020) → $2K (2024)
James Barnes
Director
Secretary → Director, 2022
On filings since 2020
4 hrs/week
$597 (2020) → $2K (2024)
Monica Martinez
Director
On filings since 2020
4 hrs/week
$775 (2021) → $4K (2024)
Philip Santer
Director
On filings since 2020
4 hrs/week
$620 (2020) → $4K (2024)
Rick Laber
Director
Vice Chairperson → Chairperson, 2021
Chairperson → Director, 2024
On filings since 2020
4 hrs/week
$493 (2020) → $675 (2024)
Shane Lovellette
Director
On filings since 2020
4 hrs/week
$2K (2021) → $5K (2024)
Jamie Schriner
Director
On filings since 2022
4 hrs/week
$2K (2022) → $7K (2024)
Julie Bonner-Heine
Vice Chairperson
Director → Assistant Secretary, 2023
Assistant Secretary → Vice Chairperson, 2024
On filings since 2020
4 hrs/week
$775 (2020) → $0 (2024)
Kara Stuewe
Executive Vice President Chief Financial Officer
Evp-Finance, Treasury & Corp Svcs → Executive Vice President & Chief Financial Officer, 2022
Executive Vice President & Chief Financial Officer → Executive Vice President Chief Financial Officer, 2024
On filings since 2020
40 hrs/week
$246K (2020) → $316K (2024)
Kathryn Rusak
Secretary
Director → Secretary, 2022
On filings since 2020
5 hrs/week
$5K (2021) → $11K (2024)
Ray Seidl
Treasurer
On filings since 2020
10 hrs/week
$299 (2020) → $0 (2024)
Brandalynn Winchester-Middlebrook
Executive Vice President Chief People & Purpose Officer
Executive Vice President, Chief People & Purpose Officer → Executive Vice President Chief People & Purpose Officer, 2024
On filings since 2022
40 hrs/week
$215K (2022) → $252K (2024)
Theresa Dubiel
Executive Vice President Chief Member Experience Officer
Executive Vice President & Chief Member Experience Officer → Executive Vice President Chief Member Experience Officer, 2024
On filings since 2022
40 hrs/week
$214K (2022) → $271K (2024)
Omari Boone
Executive Vice President General Counsel Cro
On filings since 2023
40 hrs/week
$248K (2023) → $267K (2024)
David Morgan
Executive Vice President Chief Lending Officer
New on the 2024 filing
40 hrs/week
$250K (2024)
Krassimir Kassbov
Executive Vice President Chief Strategy Officer
New on the 2024 filing
40 hrs/week
$297K (2024)
Razi Qadri
Executive Vice President Chief Info & Ops Officer
New on the 2024 filing
40 hrs/week
$287K (2024)
Former officers (9)
- Former: James Sarver (2020–2023) — Senior Vice President & Financial Life Planning
- Former: Raynor Zillgitt (2020–2023) — Senior Vice President & General Counsel Emeritus
- Former: Sandra Radtke (2021–2023) — Commercial Solutions Officer II
- Former: Andrea Mosher - Part Year (2023) — Executive Vice President & Chief Lending Officer
- Former: Andrea Mosher (2020–2022) — Executive Vice President & Chief Lending Officer
- Former: Jack Martin (2020–2022) — Senior Vice President & Info Tech
- Former: Jane Kile - Part Year (2021) — Chief Member Experience Officer
- Former: Garret Sisco (2020) — Senior Vice President & Member Experience
- Former: Jane Kile (2020) — Chief Member Experience Officer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.0M, to David Snodgrass (CEO and President). 18 officers or directors reported compensation on that filing.
Frequently asked questions about Credit Unions Chartered in the State of 222 Lake Trust Credit Union
How much does Credit Unions Chartered in the State of 222 Lake Trust Credit Union give each year?
Credit Unions Chartered in the State of 222 Lake Trust Credit Union gave $349K across 22 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $256K across 20 grants.
What is Credit Unions Chartered in the State of 222 Lake Trust Credit Union's typical grant size?
Credit Unions Chartered in the State of 222 Lake Trust Credit Union's median grant in 2024 was $10,000, and its average grant was $15,857, across 22 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Credit Unions Chartered in the State of 222 Lake Trust Credit Union that year got $10K on average.
Where does Credit Unions Chartered in the State of 222 Lake Trust Credit Union give grants?
Credit Unions Chartered in the State of 222 Lake Trust Credit Union gives mostly in Michigan: 98% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Brighton, MI (6 grants), Lansing, MI (6 grants), Detroit, MI (2 grants) and Southfield, MI (2 grants).
Does Credit Unions Chartered in the State of 222 Lake Trust Credit Union give general operating support?
Not in 2024: none of the 22 grants with a stated purpose on Credit Unions Chartered in the State of 222 Lake Trust Credit Union's 2024 IRS Form 990 were described as general or operating support.
Who are Credit Unions Chartered in the State of 222 Lake Trust Credit Union's largest grantees?
Credit Unions Chartered in the State of 222 Lake Trust Credit Union's largest 2024 grantees include Lake Trust Credit Union Foundation ($100,000), Downtown Lansing Inc ($42,175) and Greater Brighton Area Chamber of Commerce ($17,750), according to its 2024 IRS Form 990. Together they received 46% of its itemized 2024 grant dollars.
How large is Credit Unions Chartered in the State of 222 Lake Trust Credit Union?
Credit Unions Chartered in the State of 222 Lake Trust Credit Union reported $2.6B in total assets on its 2024 IRS Form 990. Its revenue that year was $146.4M.
What does Credit Unions Chartered in the State of 222 Lake Trust Credit Union fund?
The organization’s stated mission is for members to understand and experience the benefits of a credit union relationship at a cost justified by results, to have the capability to control their financial lives, and to share in the organization’s success. See mission & focus areas ↑
How do I apply for a grant from Credit Unions Chartered in the State of 222 Lake Trust Credit Union?
Credit Unions Chartered in the State of 222 Lake Trust Credit Union has no public application process in the sources Grantable reviewed. Check laketrust.org for current guidelines, or contact the foundation directly before submitting a request.
What is Credit Unions Chartered in the State of 222 Lake Trust Credit Union's EIN?
Credit Unions Chartered in the State of 222 Lake Trust Credit Union's EIN (Employer Identification Number) is 38-1250516. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 29, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 20, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 30, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 1, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 4, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Credit Unions Chartered in the State of 222 Lake Trust Credit Union's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Credit Unions Chartered in the State of 222 Lake Trust Credit Union funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/credit-unions-chartered-in-the-state-of-222-lake-trust-credit-union-morg_8547a8de93404b85ae3569935246f70d
BibTeX
@misc{grantable_381250516_2026,
author = {{Grantable}},
title = {{Credit Unions Chartered in the State of 222 Lake Trust Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/credit-unions-chartered-in-the-state-of-222-lake-trust-credit-union-morg_8547a8de93404b85ae3569935246f70d},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Credit Unions Chartered in the State of 222 Lake Trust Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Credit Unions Chartered in the State of 222 Lake Trust Credit Union down — hundreds of funders to go?