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Employer Identification Number 38-0893210

LAFCU is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:LAFCU
Employer identification number (EIN):38-0893210
EIN Issuing AuthorityCincinnati, OH
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration LAFCU 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementCOOPERATIVE FINANCIAL INSTITUTION - CREDIT UNION PROVIDING LOANS AND SAVINGS PRODUCTS AND SERVICES TO MEMBERS.
Number of Employees175
Number of Volunteers18
Year Formed1936

Organization Governance

Legal DomicileMI
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 465,488
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 43,377,911
Program Service Revenue from current yearUSD $ 46,787,977
Investment Income from prior yearUSD $ 1,255,284
Investment Income from current yearUSD $ 2,769,083
Other Revenue from prior yearUSD $ 2,051,702
Other Revenue from current yearUSD $ 2,039,519
Gross receipts from all sourcesUSD $ 51,829,615
Net assets / fund balances at end of fiscal yearUSD $ 102,432,177
Net assets / fund balances at beginning of fiscal yearUSD $ 103,055,036
Total liabilities at end of fiscal yearUSD $ 883,830,199
Total liabilities at beginning of fiscal yearUSD $ 840,679,903
Total assets at end of fiscal yearUSD $ 986,262,376
Total assets at beginning of fiscal yearUSD $ 943,734,939
Revenues less expenses for current yearUSD $ 8,247,024
Revenues less expenses for previous yearUSD $ 9,677,390
Total expenses for current yearUSD $ 43,349,555
Total expenses for previous yearUSD $ 37,007,507
Other expenses in current yearUSD $ 27,061,574
Other expenses in previous yearUSD $ 22,135,441
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 16,146,670
Employee salary and benefits paid in previous yearUSD $ 14,859,066
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 141,311
Grants and similar amounts paid in previous yearUSD $ 13,000
Total revenue in current fiscal yearUSD $ 51,596,579
Total revenue in previous fiscal yearUSD $ 46,684,897
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,039,519
2021-12-31
Total unrelated business incomeUSD $ 113,418
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 39,616,522
Program Service Revenue from current yearUSD $ 43,377,911
Investment Income from prior yearUSD $ 1,389,581
Investment Income from current yearUSD $ 1,255,284
Other Revenue from prior yearUSD $ 3,627,452
Other Revenue from current yearUSD $ 2,051,702
Gross receipts from all sourcesUSD $ 46,788,367
Net assets / fund balances at end of fiscal yearUSD $ 103,055,036
Net assets / fund balances at beginning of fiscal yearUSD $ 93,534,595
Total liabilities at end of fiscal yearUSD $ 840,679,903
Total liabilities at beginning of fiscal yearUSD $ 754,878,495
Total assets at end of fiscal yearUSD $ 943,734,939
Total assets at beginning of fiscal yearUSD $ 848,413,090
Revenues less expenses for current yearUSD $ 9,677,390
Revenues less expenses for previous yearUSD $ 6,655,219
Total expenses for current yearUSD $ 37,007,507
Total expenses for previous yearUSD $ 37,978,336
Other expenses in current yearUSD $ 22,135,441
Other expenses in previous yearUSD $ 22,813,557
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 14,859,066
Employee salary and benefits paid in previous yearUSD $ 15,141,321
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 13,000
Grants and similar amounts paid in previous yearUSD $ 23,458
Total revenue in current fiscal yearUSD $ 46,684,897
Total revenue in previous fiscal yearUSD $ 44,633,555
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,051,702
2020-12-31
Total unrelated business incomeUSD $ 114,345
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 37,818,879
Program Service Revenue from current yearUSD $ 39,616,522
Investment Income from prior yearUSD $ 2,716,665
Investment Income from current yearUSD $ 1,389,581
Other Revenue from prior yearUSD $ 2,944,322
Other Revenue from current yearUSD $ 3,627,452
Gross receipts from all sourcesUSD $ 44,633,555
Net assets / fund balances at end of fiscal yearUSD $ 93,534,595
Net assets / fund balances at beginning of fiscal yearUSD $ 87,864,391
Total liabilities at end of fiscal yearUSD $ 754,878,495
Total liabilities at beginning of fiscal yearUSD $ 658,694,389
Total assets at end of fiscal yearUSD $ 848,413,090
Total assets at beginning of fiscal yearUSD $ 746,558,780
Revenues less expenses for current yearUSD $ 6,655,219
Revenues less expenses for previous yearUSD $ 8,049,170
Total expenses for current yearUSD $ 37,978,336
Total expenses for previous yearUSD $ 35,430,696
Other expenses in current yearUSD $ 22,813,557
Other expenses in previous yearUSD $ 20,281,525
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 15,141,321
Employee salary and benefits paid in previous yearUSD $ 15,134,171
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 23,458
Grants and similar amounts paid in previous yearUSD $ 15,000
Total revenue in current fiscal yearUSD $ 44,633,555
Total revenue in previous fiscal yearUSD $ 43,479,866
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 3,627,452
2019-12-31
Total unrelated business incomeUSD $ 101,035
Net unrelated business incomeUSD $ -11,188
Program Service Revenue from prior yearUSD $ 34,011,512
Program Service Revenue from current yearUSD $ 37,818,879
Investment Income from prior yearUSD $ 3,300,353
Investment Income from current yearUSD $ 2,716,665
Other Revenue from prior yearUSD $ 974,701
Other Revenue from current yearUSD $ 2,944,322
Gross receipts from all sourcesUSD $ 43,479,866
Net assets / fund balances at end of fiscal yearUSD $ 87,864,391
Net assets / fund balances at beginning of fiscal yearUSD $ 79,353,883
Total liabilities at end of fiscal yearUSD $ 658,694,389
Total liabilities at beginning of fiscal yearUSD $ 614,470,237
Total assets at end of fiscal yearUSD $ 746,558,780
Total assets at beginning of fiscal yearUSD $ 693,824,120
Revenues less expenses for current yearUSD $ 8,049,170
Revenues less expenses for previous yearUSD $ 5,304,094
Total expenses for current yearUSD $ 35,430,696
Total expenses for previous yearUSD $ 32,982,472
Other expenses in current yearUSD $ 20,281,525
Other expenses in previous yearUSD $ 18,279,824
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 15,134,171
Employee salary and benefits paid in previous yearUSD $ 14,677,648
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 15,000
Grants and similar amounts paid in previous yearUSD $ 25,000
Total revenue in current fiscal yearUSD $ 43,479,866
Total revenue in previous fiscal yearUSD $ 38,286,566
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,944,322
2018-12-31
Total unrelated business incomeUSD $ 97,129
Net unrelated business incomeUSD $ -1,506
Program Service Revenue from prior yearUSD $ 29,458,032
Program Service Revenue from current yearUSD $ 34,011,512
Investment Income from prior yearUSD $ 3,317,142
Investment Income from current yearUSD $ 3,300,353
Other Revenue from prior yearUSD $ 989,329
Other Revenue from current yearUSD $ 974,701
Gross receipts from all sourcesUSD $ 38,326,969
Net assets / fund balances at end of fiscal yearUSD $ 79,353,883
Net assets / fund balances at beginning of fiscal yearUSD $ 73,779,516
Total liabilities at end of fiscal yearUSD $ 614,470,237
Total liabilities at beginning of fiscal yearUSD $ 570,875,044
Total assets at end of fiscal yearUSD $ 693,824,120
Total assets at beginning of fiscal yearUSD $ 644,654,560
Revenues less expenses for current yearUSD $ 5,304,094
Revenues less expenses for previous yearUSD $ 2,999,576
Total expenses for current yearUSD $ 32,982,472
Total expenses for previous yearUSD $ 30,764,927
Other expenses in current yearUSD $ 18,279,824
Other expenses in previous yearUSD $ 16,613,682
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 14,677,648
Employee salary and benefits paid in previous yearUSD $ 14,131,245
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 25,000
Grants and similar amounts paid in previous yearUSD $ 20,000
Total revenue in current fiscal yearUSD $ 38,286,566
Total revenue in previous fiscal yearUSD $ 33,764,503
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 974,701
2017-12-31
Total unrelated business incomeUSD $ 93,550
Net unrelated business incomeUSD $ -1,285
Program Service Revenue from prior yearUSD $ 28,875,087
Program Service Revenue from current yearUSD $ 29,458,032
Investment Income from prior yearUSD $ 2,455,059
Investment Income from current yearUSD $ 3,317,142
Other Revenue from prior yearUSD $ 1,518,757
Other Revenue from current yearUSD $ 989,329
Gross receipts from all sourcesUSD $ 34,269,343
Net assets / fund balances at end of fiscal yearUSD $ 73,779,516
Net assets / fund balances at beginning of fiscal yearUSD $ 71,625,014
Total liabilities at end of fiscal yearUSD $ 570,875,044
Total liabilities at beginning of fiscal yearUSD $ 560,085,303
Total assets at end of fiscal yearUSD $ 644,654,560
Total assets at beginning of fiscal yearUSD $ 631,710,317
Revenues less expenses for current yearUSD $ 2,999,576
Revenues less expenses for previous yearUSD $ 2,589,471
Total expenses for current yearUSD $ 30,764,927
Total expenses for previous yearUSD $ 30,259,432
Other expenses in current yearUSD $ 16,613,682
Other expenses in previous yearUSD $ 16,643,391
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 14,131,245
Employee salary and benefits paid in previous yearUSD $ 13,616,041
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 20,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 33,764,503
Total revenue in previous fiscal yearUSD $ 32,848,903
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 989,329
2016-12-31
Total unrelated business incomeUSD $ 93,827
Net unrelated business incomeUSD $ -377
Program Service Revenue from prior yearUSD $ 28,902,043
Program Service Revenue from current yearUSD $ 28,875,087
Investment Income from prior yearUSD $ 1,835,602
Investment Income from current yearUSD $ 2,455,059
Other Revenue from prior yearUSD $ 1,842,594
Other Revenue from current yearUSD $ 1,518,757
Gross receipts from all sourcesUSD $ 33,043,652
Net assets / fund balances at end of fiscal yearUSD $ 71,625,014
Net assets / fund balances at beginning of fiscal yearUSD $ 69,391,543
Total liabilities at end of fiscal yearUSD $ 560,085,303
Total liabilities at beginning of fiscal yearUSD $ 531,003,880
Total assets at end of fiscal yearUSD $ 631,710,317
Total assets at beginning of fiscal yearUSD $ 600,395,423
Revenues less expenses for current yearUSD $ 2,589,471
Revenues less expenses for previous yearUSD $ 2,958,917
Total expenses for current yearUSD $ 30,259,432
Total expenses for previous yearUSD $ 29,621,322
Other expenses in current yearUSD $ 16,643,391
Other expenses in previous yearUSD $ 16,084,444
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 13,616,041
Employee salary and benefits paid in previous yearUSD $ 13,536,878
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 32,848,903
Total revenue in previous fiscal yearUSD $ 32,580,239
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,518,757
2015-12-31
Total unrelated business incomeUSD $ 74,703
Net unrelated business incomeUSD $ -986
Program Service Revenue from prior yearUSD $ 27,341,243
Program Service Revenue from current yearUSD $ 28,902,043
Investment Income from prior yearUSD $ 2,017,885
Investment Income from current yearUSD $ 1,835,602
Other Revenue from prior yearUSD $ 685,100
Other Revenue from current yearUSD $ 1,842,594
Gross receipts from all sourcesUSD $ 102,633,393
Net assets / fund balances at end of fiscal yearUSD $ 69,391,543
Net assets / fund balances at beginning of fiscal yearUSD $ 67,667,896
Total liabilities at end of fiscal yearUSD $ 531,003,880
Total liabilities at beginning of fiscal yearUSD $ 506,146,811
Total assets at end of fiscal yearUSD $ 600,395,423
Total assets at beginning of fiscal yearUSD $ 573,814,707
Revenues less expenses for current yearUSD $ 2,958,917
Revenues less expenses for previous yearUSD $ 2,742,318
Total expenses for current yearUSD $ 29,621,322
Total expenses for previous yearUSD $ 27,301,910
Other expenses in current yearUSD $ 16,084,444
Other expenses in previous yearUSD $ 14,310,121
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 13,536,878
Employee salary and benefits paid in previous yearUSD $ 12,991,789
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 32,580,239
Total revenue in previous fiscal yearUSD $ 30,044,228
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,842,594

Other Company Names associated with EIN

LAFCU

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 380893210

USA Mailing Address
106 N. MARKETPLACE BLVD.
LANSING
MI
489177753
Date first seen: 2010-07-09
Date last seen: 2018-09-20
USA Mailing Address
106 N MARKETPLACE BOULEVARD
LANSING
MI
48917
Date first seen: 2007-01-01
Date last seen: 2023-12-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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