Lafcu
WHILE PROMOTING THE CREDIT UNION PHILOSOPHY, WE ARE COMMITTED TO PROVIDING FINANCIAL SERVICES FOR THE CHANGING NEEDS OF OUR MEMBERS AND HELPING THEM OBTAIN PERSONAL FINANCIAL SECURITY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1B
+9.7% YoY
Revenue
$177.5M
+175.0% YoY
Net Investment Income
$10.2M
+115.7% YoY
Expenses
$69.5M
+21.5% YoY
About Lafcu
Based on IRS filings
Lafcu is a nonprofit organization, based in LANSING, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1B in total assets. Net investment income was $10.2M.
Ready to take the next step with Lafcu?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,129,173,408 | $1,029,416,440 | $986,262,376 |
| Revenue | $177,489,649 | $64,543,625 | $51,596,579 |
| Expenses | $69,496,099 | $57,206,143 | $43,349,555 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,181,207 | $4,719,582 | $2,769,083 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Open Grants
3 open opportunities from Lafcu
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MELVIN PLACE | BOD VICE-PRESIDENT | 3 | — |
| TOM MARTINSON | BOD TREASURER | 3 | — |
| TOM CULPEPPER | BOD SECRETARY | 3 | — |
| JERE AUVENSHINE | BOD MEMBER | 3 | — |
| PAULETTE WARREN | BOD MEMBER | 3 | — |
| RANDY FREEMAN | BOD PRESIDENT | 3 | — |
| MELVIN COLEMAN | BOD MEMBER | 3 | — |
| PATRICK SPYKE | CEO | 40 | $1,368,082 |
| LESLIE RORIE | CFO | 40 | $190,593 |
| KELLI ELLSWORTH-ETCHISON | CHIEF MARKETING OFCR./CHIE | 40 | $263,934 |
| ROBYN HOWELL | SVP/COO | 40 | $273,116 |
| EMILY JANNERETH | CHIEF TECHNOLOGY OFFICER | 40 | $199,307 |
| JASON SMITH | CHIEF LENDING OFFICER | 40 | $192,806 |
| STEPHEN SCHMITT | CORPORATE STRATEGIST | 40 | $144,577 |
| KIMBERLY AUSTIN | EXECUTIVE IMPLEMENTATION OFFICER | 40 | $140,781 |
| AMY ADAM | VP OF CARDS | 40 | $147,252 |
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Lafcu on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities