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Filing year 2024

HONOR CREDIT UNION

Berrien Springs, Michigan·EIN 38-1231023·14
Total revenue
$127.9M
Total assets
$1.7B
Total expenses
$111.5M
Reported officers
19
Mission

PROVIDING SOLUTIONS FOR FINANCIAL SUCCESS.

Executive compensation, broken down

Form 990 · Schedule J · 10 reported individuals · Filing year 2024

Chief Executive Officer
$802k
$862k
Base
$554k
Bonus
$146k
Other
$41k
Benefits
$18k
Chief Strategy Officer
officer (unspecified)
$377k
$406k
Base
$273k
Bonus
$62k
Other
$8k
Benefits
$4k
Chief Lending Officer
key employee
$375k
$404k
Base
$228k
Bonus
$52k
Other
$52k
Benefits
$18k
Chief Operations Officer
key employee
$362k
$389k
Base
$256k
Bonus
$57k
Other
$2k
Benefits
$18k
Chief People Officer
key employee
$323k
$348k
Base
$239k
Bonus
$53k
Other
$2k
Benefits
$4k
Mortgage Loan Officer
highest compensated employee
$290k
$312k
Base
$10k
Bonus
$756
Other
$239k
Benefits
$13k
VP of Member Experience
vice president
$265k
$285k
Base
$186k
Bonus
$32k
Other
$2k
Benefits
$25k
VP of Business Services
vice president
$258k
$278k
Base
$186k
Bonus
$32k
Other
$2k
Benefits
$18k
VP of Innovation Technology
vice president
$236k
$254k
Base
$172k
Bonus
$25k
Other
$2k
Benefits
$18k
VP of Finance
vice president
$233k
$251k
Base
$183k
Bonus
$27k
Other
$1k
Benefits
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Held steady
from 2023

From $800k in 2023 to $802k in 2024.

$800k
2023
$802k
2024
In today's dollarsEst.
Down 2% in real terms$883k to $862k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HONOR CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$113.7M
$94.2M
2023
$127.9M
$111.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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