Mission
TO PROVIDE OUR MEMBERS WITH AN INNOVATIVE AND QUALITY FULL SERVICE FINANCIAL SYSTEM.
Public Charity
THE LOCAL CREDIT UNION
THE LOCAL CREDIT UNION, of Sterling Heights, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $5.7M in revenue, $5.4M in expenses, $102.9M in total assets.
EIN: 381406340
Sterling Heights, MI
Latest filing: 2024
Total Revenue$5.7M
Total Expenses$5.4M
Total Assets$102.9M
Grant Records0
Filing Years2019–2024
Where $100 goes at The Local Credit Union
How The Local Credit Union divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$34
Provide 9,883 members with various savings, share draft, cedrtificate of deposit, ira and money market accounts with an aggregate balance of approximately $88,176,500 as of december 31, 2024
$33
Offer automateed teller machines, debit cards, check cashing, bill payments, wire transfers and various insurance programs to our members
$33
Provide 3,664 loans including vehicle, signature, credit card, mortgage, home equity, overdraft protection and recreational vehicle
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
David Bryant
ACCOUNTING MANAGER
H Frank Voelker
VICE CHAIRPERSON
Jimmie Cole
PRESIDENTCEO
Joe Hallman
DIRECTOR
John Liss
CHAIRPERSON
Joseph Cusenza
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $5.7M | $5.4M | $102.9M |
| 2023 | $5.2M | $5.1M | $106.0M |
| 2022 | $4.9M | $4.6M | $107.5M |
| 2020 | $4.6M | $4.4M | $108.2M |
| 2019 | $4.8M | $4.5M | $96.0M |
Between 2019 and 2024, reported annual revenue grew from $4.8M to $5.7M (+18%), with total assets most recently reported at $102.9M.
Interactive year-over-year charts and full filing details available with membership.