Powered by CharityEZ

Charity report ready

GREAT LAKES CREDIT UNION

We found this organization. Review its mission, finances, leadership, and ways to help below.

Back to search results

This report opened in a new tab, so your results are still waiting for you.

Public IRS 990 nonprofit record

GREAT LAKES CREDIT UNION

EIN 36-1163912 · Telecommunications (W50)

What they do

THE PRIMARY EXEMPT PURPOSE of GREAT LAKES CREDIT UNION (GLCU) is to PROVIDE LOANS, SAVINGS ACCOUNTS and OTHER FINANCIAL SERVICES THAT PROMOTE THE FINANCIAL PROSPERITY of OUR MEMBERS.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$103.90spent for every $100 of revenueSpending was higher than revenue this year.
$17.68in assets for every $1 spent this yearSome assets cannot be spent right away.
0.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,148,025 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $735,702 for STEVEN BUGG (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$80,666,017
Expenses$83,814,042
Annual shortfall $3,148,025 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$80,666,017
Expenses$83,814,042
Assets$1,481,537,874
Income$111,684,751
Contributions$346,088
Grants given$94,598
Average grant$23,650
Stocks and bonds$129,421,381
Accounting fees$214,428
Investing fees$23,084
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
STEVEN BUGGPRESIDENT/CEO · 40 hrs/week $735,702Base $685,247 · Other $50,455
TIMOTHY LUKOMSKICHIEF FINANCIAL OFFICER · 40 hrs/week $363,907Base $313,735 · Other $50,172
MICHAEL HERSHCHIEF ADMINISTRATIVE OFFICER · 40 hrs/week $323,071Base $276,900 · Other $46,171
PATRICK BASLERCHIEF EXPERIENCE OFFICER · 40 hrs/week $311,248Base $260,853 · Other $50,395
FRED CAMPOBASSOCHIEF LENDING OFFICER · 40 hrs/week $303,884Base $272,089 · Other $31,795
ELIZABETH OSBORNECHIEF OPERATIONS OFFICER · 40 hrs/week $300,313Base $259,885 · Other $40,428
DONNA WIOREKSENIOR VICE PRESIDENT - AC · 40 hrs/week $245,379Base $233,645 · Other $11,734
BRIAN GAWINVP COMMERCIAL LENDING · 40 hrs/week $230,597Base $196,712 · Other $33,885
DIANA BYERSSVP ENTERPRISE RISK MANAGE · 40 hrs/week $230,108Base $210,981 · Other $19,127
PREDRAG GRMUSAVP OF HUMAN RESOURCES & OR · 40 hrs/week $196,823Base $153,202 · Other $43,621
DION ROSECRANSMANAGER IT · 40 hrs/week $168,420Base $146,577 · Other $21,843
MICHAEL ABRAHAMCHIEF STRATEGY OFFICER · 40 hrs/week $140,497Base $130,812 · Other $9,685

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

STEVEN BUGGPRESIDENT/CEO

TIMOTHY LUKOMSKICHIEF FINANCIAL OFFICER

MICHAEL HERSHCHIEF ADMINISTRATIVE OFFICER

PATRICK BASLERCHIEF EXPERIENCE OFFICER

FRED CAMPOBASSOCHIEF LENDING OFFICER

ELIZABETH OSBORNECHIEF OPERATIONS OFFICER

DONNA WIOREKSENIOR VICE PRESIDENT - AC

BRIAN GAWINVP COMMERCIAL LENDING

DIANA BYERSSVP ENTERPRISE RISK MANAGE

PREDRAG GRMUSAVP OF HUMAN RESOURCES & OR

DION ROSECRANSMANAGER IT

MICHAEL ABRAHAMCHIEF STRATEGY OFFICER

WILLIAM HARLANDIRECTOR

STEPHEN M PARKDIRECTOR

SARAH MARSHALLDIRECTOR

R LEE PIEKARZBOARD TREASURER

PATRICE PRICEBOARD CHAIR

KEVIN LEMANBOARD VICE CHAIR

JIM MARCHEMERITUS DIRECTOR

JAMES A FABRIEDIRECTOR

DAVID GOLESDIRECTOR

CATHY CORBIBOARD SECRETARY

About this charity

Recognized since
January 1944
Location
2111 WAUKEGAN ROAD, BANNOCKBURN, IL 60015
County
Lake
In care of
TIMOTHY LUKOMSKI
Primary officer
TIMOTHY LUKOMSKI, CHIEF FIANANCIAL OFFICER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
DOEREN MAYHEW
NTEE classification
Telecommunications (W50)
IRS tax category
Telecommunications
Grant-giving organization
Yes

Thanks for caring! Learning about a charity is a great first step toward giving back.

About this report: Information comes from public nonprofit records and may show the latest filing available.

Close & return to results
Want to go deeper?

Full charity research is waiting at CharityEZ

Explore complete charity searches, information, reports, and research tools.

For Full Charity Searches and Information — Try CharityEZ
Are you this charity?Keep your current needs updated free with CharityEZ.
Post your needs free