Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union
Credit Unions Chartered in the State of, also known as Lake Michigan Credit Union (LMCU), is based in an individual recipient, Michigan, and is listed as a public charity. Its stated mission centers on thrift, low-cost credit, and financial services for members. Alongside its member services, LMCU supports community organizations and initiatives related to education, housing, health, and economic inclusion.
Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union at a glance
In short: Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union gave $1.2M across 50 grants in 2025 (avg $24K), mostly in Michigan. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,217,517
- +466.3% vs 2024
- Grants made (2025)
- 50
- +455.6% vs 2024
- Average grant
- $24,350
- +1.9% vs 2024
- Median grant
- $15,834
- Total assets
- $15,952,719,108
- +9.8% vs 2024
- Primary geography
- Michigan (86% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union
- How to Apply
For a community donation, submit a donation request describing the organization, program, service area, requested amount, use of funds, alignment with LMCU’s priorities, and anticipated community impact; supporting…
For a community donation, submit a donation request describing the organization, program, service area, requested amount, use of funds, alignment with LMCU’s priorities, and anticipated community impact; supporting documents may also be provided. For event sponsorship, submit a sponsorship request with event details, audience reach, requested amount, and sponsorship or recognition materials. Requests must be made on behalf of an eligible organization or group, not an individual. LMCU does not support political candidates or political action committees, school or mission trips, or third-party fundraising efforts or benefits. Submission does not guarantee funding.
- Review Cycle
- Submit event sponsorship requests at least six weeks before the event.
- Deadline
- Submit event sponsorship requests at least six weeks before the event.
- Contact
Mailing address: PO Box 2848, Grand Rapids, MI 49501
Phone: (616) 242-9790
Website: https://lmcu.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 Michigan 48 Lake Michigan Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Fair Housing Center of West Michigan ($250K). Together the top 10 received $657K.
Organizations only. It also paid 1 individual scholarship ($10,600), which are not listed by name.
Grant Size Distribution
68 grants across all recorded years
The most common grant size was under $50K: 62 grants of 68 (91%).
Geographic Focus
Where this funder awards grants
LMCU says its community requests should connect with communities it serves in Michigan and Florida. In 2025, 86% of grant dollars went to recipients in Michigan, 8% to Florida, 4% to Washington, D.C., and 1% each to Wisconsin and Rhode Island.
Grant Distribution by State
Share of 2025 grant dollars across all 50 itemized grants.
Cities
How Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union gives
- Giving grew 1332% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $85K (2022) to $1.2M (2025). In 2025 it made 50 grants totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fair Housing Center of West Michigan Grand Rapids, MI | Support of Housing Initiatives | $250,000 |
| Grand Action Foundation 20 Grand Rapids, MI | Capital Campaign Contribution | $100,000 |
| Credit Union House LLC Washington, DC | Capital Campaign Contribution | $50,000 |
| Mary Free Bed Foundation Grand Rapids, MI | Capital Campaign Contribution | $50,000 |
| Urban League of West Michigan Grand Rapids, MI | CDFI Fund/General Operating Support | $50,000 |
| Iccf Grand Rapids, MI | Multiple Grants Awarded - Housing Contribution/Capital Campaign | $42,000 |
| Boys and Girls Club of Lee County Fort Myers, FL | Capital Campaign Contribution | $35,000 |
| Storehouse of Community Resources Grand Rapids, MI | Educator Supplies and General Operating Support | $30,000 |
| Be CAF Ada, MI | Workforce Development and General Operating Support | $25,000 |
| Davenport University Grand Rapids, MI | Urban Education and CASA Latina Support | $25,000 |
Ready to take the next step with Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $15,952,719,108 | $918,222,007 | $710,071,392 | $1,217,517 | 50 | $66,852,626 |
| 2024 | $14,527,369,395 | $829,413,442 | $680,152,586 | $215,000 | 9 | $70,562,702 |
| 2023 | $13,371,002,258 | $692,047,277 | $519,826,803 | $95,000 | 6 | $35,730,234 |
| 2022 | $11,905,975,667 | $520,341,837 | $350,744,589 | $85,000 | 3 | $35,298,506 |
| 2021 | $11,670,748,024 | $490,221,594 | $333,217,740 | — | — | $10,026,683 |
| 2020 | $9,236,003,182 | $495,848,275 | $331,329,406 | — | — | $10,047,620 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
LMCU’s stated mission is the “promotion of thrift and providing low cost credit and other financial services for its members through mutual and nonprofit organization.” Its philanthropic pillars are education, housing, health and well-being, and economic inclusion, including workforce development.
LMCU considers requests on behalf of organizations, schools, nonprofits, chambers, associations, and community groups. Its 2025 grantees included organizations with varied missions: Grand Action Foundation 20 says it promotes an individual recipient economic and cultural development; Storehouse of Community Resources says it works to improve organizations’ effectiveness in fighting poverty through sustainable housing, workforce development, and education; and Davenport University says it prepares individuals and organizations for the knowledge-driven environment. Other recipients included the an individual recipient Children’s Museum, which describes its work as inspiring children’s learning, and the Literacy Center of West Michigan, which provides adult literacy and English-language instruction.
Grantmaking
In 2025, LMCU reported 50 grants totaling $1,217,517. Awards ranged from $6,250 to $250,000, with a median grant of $15,834. The largest grants included $250,000 to the Fair Housing Center of West Michigan for housing initiatives; $100,000 to Grand Action Foundation 20 for a capital campaign; and $50,000 each to Credit Union House LLC and Mary Free Bed Foundation for capital campaigns, and to Urban League of West Michigan for CDFI fund/general operating support.
Other 2025 awards included $42,000 to ICCF for housing contribution/capital campaign purposes; $35,000 to Boys and Girls Club of Lee County for a capital campaign; and $30,000 to Storehouse of Community Resources for educator supplies and general operating support. LMCU also gave $25,000 each to BE CAF, Davenport University, Junior Achievement of Michigan Great Lakes, and Kent County for purposes including workforce development, education, BizTown, and Welcome Plan support.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing include Gretchen Tellman-Partridge, board chairperson; Juan Olivarez, board vice chairperson; Dave Bardolph, board treasurer; and Timothy Myers, board secretary. Listed directors also include Brad Mathis, Jack Newberry, Bob Partridge, Mike Rice, Bob White, and Tim Gortsema.
Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union is led by Julie Leonard, CEO on every filing since 2024; 18 of 27 officers listed in 2025 are compensated.
Officers on the 2025 filing
Julie Leonard
CEO
On filings since 2024
40 hrs/week
$999K (2024) → $1.9M (2025)
Gretchen Tellman-Partridge
Board Chairperson
Board Member → Chairperson, 2024
Chairperson → Board Chairperson, 2025
On filings since 2020
1 hr/week
No compensation reported
Bob White
Director
Board Member → Director, 2024
On filings since 2020
1 hr/week
$927 (2025)
Jack Newberry
Director
Board Member → Director, 2024
On filings since 2020
1 hr/week
$927 (2025)
Bob Partridge
Director
Board Member → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Mike Rice
Director
Board Member → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Tim Gortsema
Director
Board Member → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Brad Mathis
Director
Board Member → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
Caitlin Townsend-Lamb
Director
On filings since 2024
1 hr/week
No compensation reported
Eric Burgoon
Chief Experience
Senior Vice President Mortgage → Chief Experience, 2024
On filings since 2020
40 hrs/week
$612K (2020) → $928K (2025)
Mark Powell
Senior Vice President Cro
Vice President Cro → Senior Vice President Cro, 2023
On filings since 2020
40 hrs/week
$310K (2020) → $513K (2025)
Peter Dann
Executive Vice President CFO
Senior Vice President CFO → Executive Vice President CFO, 2023
On filings since 2020
40 hrs/week
$367K (2020) → $810K (2025)
Sara Kemperman
Senior Vice President COO
Senior Vice President Retail O → Senior Vice President COO, 2024
On filings since 2020
40 hrs/week
$271K (2020) → $562K (2025)
Zac Ellerbroek
Mortgage Loan Originator
Mortgage Lo → Mortgage Loan Originator, 2024
On filings since 2020
40 hrs/week
$1.1M (2020) → $1.4M (2025)
Emil Izrailov
Mortgage Sales Manager Fh
Mortgage Lo → Mortgage Sal, 2023
Mortgage Sal → Mortgage Sales Manager Fh, 2024
On filings since 2022
40 hrs/week
$844K (2022) → $934K (2025)
Christi Cowdin
CMO
On filings since 2024
40 hrs/week
$255K (2024) → $330K (2025)
Christopher Ortega
CIO
On filings since 2024
40 hrs/week
$172K (2024) → $475K (2025)
James Maskell
Senior Vice President CCO
On filings since 2024
40 hrs/week
$451K (2024) → $510K (2025)
Martin Peltier
Cgo
On filings since 2024
40 hrs/week
$339K (2024) → $395K (2025)
Matthew Adler
Mortgage Loan Originator
On filings since 2024
40 hrs/week
$1.3M (2024) → $1.6M (2025)
Sarah Miklusicak
Cpo
On filings since 2024
40 hrs/week
$218K (2024) → $285K (2025)
Jason Ryba
Vice President Regional Mtg Production
New on the 2025 filing
40 hrs/week
$691K (2025)
Kaylee Raffa
Csg
New on the 2025 filing
40 hrs/week
$200K (2025)
Luther Trook
Mortgage Loan Originator
New on the 2025 filing
40 hrs/week
$796K (2025)
Dave Bardolph
Board Treasurer
Board Member → Treasurer, 2024
Treasurer → Board Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Juan Olivarez
Board Vice Chairperson
Board Member → Vice Chairperson, 2024
Vice Chairperson → Board Vice Chairperson, 2025
On filings since 2020
1 hr/week
No compensation reported
Timothy Myers
Board Secretary
Director → Board Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (20)
- Former: Cheri Parker (2020–2024) — Director
- Former: Corbin Buttleman (2020–2024) — Vice President Retail Mortgage Sales Tc
- Former: Don Bratt (2020–2024) — CMO
- Former: James Paquette (2020–2024) — Mortgage Sales Manager Brighton
- Former: Nora Swart (2020–2024) — Cpo
- Former: Alicia Force (2022–2024) — Former Senior Vice President Consumer Lending
- Former: Kevin Smith (2023–2024) — CIO
- Former: Sandra Jelinski (2024) — CEO
- Former: Timothy Gortsema (2024) — Secretary
- Former: Matt Adler (2020–2023) — Mortgage Lo
- Former: Razi Qadri (2020–2023) — Senior Vice President Cioo
- Former: Sandy Jelinski (2020–2023) — CEO
- Former: Tim Myers (2021–2023) — Board Member
- Former: Jim Maskell (2023) — Senior Vice President CCO
- Former: Jim Paquette (2023) — Mortgage Sal
- Former: Roy Hellwege (2023) — President Ce
- Former: Brent Green (2020–2022) — Mortgage Sal
- Former: Bill Van Port Fleet (2020–2021) — Board Member
- Former: Sharon Wladecki (2021) — Mortgage Lo
- Former: Tom Theoret (2020) — Board Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1.9M, to Julie Leonard (CEO). 18 officers or directors reported compensation on that filing.
Frequently asked questions about Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union
How much does Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union give each year?
Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union gave $1.2M across 50 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $215K across 9 grants.
What is Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union's typical grant size?
Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union's median grant in 2025 was $15,834, and its average grant was $24,350, across 50 grants on its 2025 IRS Form 990.
Where does Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union give grants?
Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union gives mostly in Michigan: 86% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Florida (8%). The most frequent recipient cities were Grand Rapids, MI (29 grants), Fort Myers, FL (4 grants) and Kalamazoo, MI (3 grants).
Does Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union give general operating support?
Occasionally: 8% of Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union's 2025 grants with a stated purpose (4 of 50) were for general or operating support, per its 2025 IRS Form 990. Recurring purposes include "Capital Campaign Contribution" (5 grants) and "Education Initiative Support" (4 grants).
Who are Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union's largest grantees?
Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union's largest 2025 grantees include Fair Housing Center of West Michigan ($250,000), Grand Action Foundation 20 ($100,000) and Credit Union House LLC ($50,000), according to its 2025 IRS Form 990. It also paid 1 individual scholarship ($10,600), which are not listed by name. Together they received 33% of its itemized 2025 grant dollars.
How large is Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union?
Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union reported $16.0B in total assets on its 2025 IRS Form 990. Its revenue that year was $918.2M.
What does Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union fund?
LMCU’s stated mission is the “promotion of thrift and providing low cost credit and other financial services for its members through mutual and nonprofit organization.” Its philanthropic pillars are education, housing, health and well-being, and economic inclusion, including workforce development. See mission & focus areas ↑
How do I apply for a grant from Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union?
For a community donation, submit a donation request describing the organization, program, service area, requested amount, use of funds, alignment with LMCU’s priorities, and anticipated community impact; supporting… Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union's EIN?
Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union's EIN (Employer Identification Number) is 38-1215360. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
Explore Open Grants
Browse active grant opportunities in Credit Unions Chartered in the State of Michigan 48 Lake Michigan 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 Michigan 48 Lake Michigan Credit Union funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/credit-unions-chartered-in-the-state-of-michigan-48-lake-michigan-credit-union-morg_24c74dbb4c9f4c82ba7921510de29b0b
BibTeX
@misc{grantable_381215360_2026,
author = {{Grantable}},
title = {{Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/credit-unions-chartered-in-the-state-of-michigan-48-lake-michigan-credit-union-morg_24c74dbb4c9f4c82ba7921510de29b0b},
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 Michigan 48 Lake Michigan 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 Michigan 48 Lake Michigan Credit Union down — hundreds of funders to go?