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Filing year 2024

HONOR CREDIT UNION

Berrien Springs, Michigan·EIN 38-1231023·501(c)(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 · Part VII & Schedule J · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Chief Executive Officer
Above 90th percentile
$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
75th to 90th percentile
$375k
$404k
Base
$228k
Bonus
$52k
Other
$52k
Benefits
$18k
Chief Operations Officer
Key Employee
75th to 90th percentile
$362k
$389k
Base
$256k
Bonus
$57k
Other
$2k
Benefits
$18k
Chief People Officer
Key Employee
75th to 90th percentile
$323k
$348k
Base
$239k
Bonus
$53k
Other
$2k
Benefits
$4k
Mortgage Loan Officer
Highest Compensated Employee
75th to 90th percentile
$290k
$312k
Base
$10k
Bonus
$756
Other
$239k
Benefits
$13k
VP of Member Experience
Board Vice President
75th to 90th percentile
$265k
$285k
Base
$186k
Bonus
$32k
Other
$2k
Benefits
$25k
VP of Business Services
Board Vice President
75th to 90th percentile
$258k
$278k
Base
$186k
Bonus
$32k
Other
$2k
Benefits
$18k
VP of Innovation Technology
Board Vice President
75th to 90th percentile
$236k
$254k
Base
$172k
Bonus
$25k
Other
$2k
Benefits
$18k
VP of Finance
Board Vice President
75th to 90th percentile
$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.

Pay for the position

Chief Executive Officer pay held roughly steady from 2023 to 2024, while revenue rose 13%.

$800k in 2023 to $802k in 2024.
  • Key Employee pay rose 11% from 2023 to 2024.
  • Highest Compensated Employee pay fell 35% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about HONOR CREDIT UNION

What does the Chief Executive Officer of HONOR CREDIT UNION earn?

In 2024, the Chief Executive Officer of HONOR CREDIT UNION received $801,759 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HONOR CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at HONOR CREDIT UNION falls in the top 10%.

What are HONOR CREDIT UNION's revenue and expenses?

In 2024, HONOR CREDIT UNION reported $127.9M in total revenue and $111.5M in total expenses on its IRS Form 990.

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