Michigan First Credit Union logo

Michigan First Credit Union

LATHRUP VILLAGE, MI EIN: 38-0481580 Website

TO BE THE ONLY FINANCIAL INSTITUTION FOR OUR MEMBERS.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.5B

-2.6% YoY

Annual Giving

$105K

Grant Count

1

Avg Grant Size

$105K

About Michigan First Credit Union

Based on IRS filings

Michigan First Credit Union is a nonprofit organization, based in LATHRUP VILLAGE, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5B in total assets. In 2024, it awarded 1 grants totaling $105K. Net investment income was $10.8M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Lathrup Village

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$38M$75M$113M$150M20202021202220232024
Metric202420232022
Total Assets$1,471,891,427$1,510,727,460$1,481,564,249
Revenue$136,429,900$123,630,180$108,549,762
Expenses$119,530,646$106,203,052$92,866,847
Qualifying Distributions
Net Investment Income$10,839,132$10,259,562$5,785,135
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$26K$53K$79K$105K0 grants20200 grants20211 grants20220 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

MICHIGAN FIRST FOUNDATIO…$105K

Grant Size Distribution

2 grants across all recorded years

<$50K1$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

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

SUSAN POSTEMSKICHIEF DATA ANALYTICS OFFIC$695KJENNIFER BOROWYCHIEF EXECUTIVE OFFICER$673KDANIEL SUGGCHIEF MORTGAGE OFFICER$494KMATTHEW WESTMORTGAGE LOAN OFFICER$365KGERALD BETTENSCHIEF INFORMATION OFFICER$361KPATRICIA JONESCHIEF HUMAN RESOURCES OFFI$357KJENNIFER GLENFIELDCHIEF MARKETING OFFICER$325KJEFF FITRZYKCHIEF LENDING OFFICER$321KJANET BARDENCHIEF FINANCIAL OFFICER$316KDELONAKA EDWARDSCHIEF OPERATIONS OFFICER$286KDIEGO ARTEAGA ARCILAMORTGAGE LOAN OFFICER$263KBRIAN MCCOWNAVP, MORTGAGE OPERATIONS$245KLARRY RICESR. DIRECTOR OF IT SERVICE DEL$243KANDREW TOWNEMORTGAGE LOAN OFFICER$193KDONGCHAN VUSR SOFTWARE ENGINEERING MANA…$193KCLIFFORD MURRAYAVP, PAYMENT SOLUTIONS$165K

From 2024 filing

NameTitleHoursCompensation
LINDA HEIGHTCHAIRPERSON1
DEIRDRE SCOTTVICE CHAIRPERSON1
DAVID TURNERDIRECTOR1
NADINE TIBBS-STALLWORTHSECRETARY1
DANDRIDGE FLOYDTREASURER1
DONNA VANDERVRIESDIRECTOR1
INES DE JESUSDIRECTOR1
JALEN JENNINGSDIRECTOR1
LARRY FREEMANDIRECTOR1
JENNIFER BOROWYCHIEF EXECUTIVE OFFICER50$673,330
JENNIFER GLENFIELDCHIEF MARKETING OFFICER50$324,975
JANET BARDENCHIEF FINANCIAL OFFICER50$315,527
DELONAKA EDWARDSCHIEF OPERATIONS OFFICER50$286,242
DANIEL SUGGCHIEF MORTGAGE OFFICER50$493,512
GERALD BETTENSCHIEF INFORMATION OFFICER50$360,949
PATRICIA JONESCHIEF HUMAN RESOURCES OFFI50$356,647
SUSAN POSTEMSKICHIEF DATA ANALYTICS OFFIC50$695,412
JEFF FITRZYKCHIEF LENDING OFFICER50$320,991
BRIAN MCCOWNAVP, MORTGAGE OPERATIONS45$244,543
LARRY RICESR. DIRECTOR OF IT SERVICE DEL45$243,192
MATTHEW WESTMORTGAGE LOAN OFFICER40$365,392
DIEGO ARTEAGA ARCILAMORTGAGE LOAN OFFICER40$263,344
DONGCHAN VUSR SOFTWARE ENGINEERING MANAGER45$192,776
ANDREW TOWNEMORTGAGE LOAN OFFICER45$193,324
CLIFFORD MURRAYAVP, PAYMENT SOLUTIONS45$165,083

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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