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Filing year 2024

SECURITY CREDIT UNION

Holly, Michigan·EIN 38-1514946·14
Total revenue
$40.2M
Total assets
$637.8M
Total expenses
$36.9M
Reported officers
14
Mission

WE ARE OUR MEMBERS' TRUSTED, SECURED FINANCIAL COOPERATIVE DEDICATED TO PROVIDING EXCEPTIONAL VALUE, PERSONALIZED SERVICE, AND CONVENIENCE.

Executive compensation, broken down

Form 990 · Schedule J · 12 reported individuals · Filing year 2024

President and CEO Thru 7/30/24
$911k
$961k
Base
$573k
Bonus
$75k
Other
$215k
Benefits
$14k
President and CEO As of 7/31/24
$409k
$432k
Base
$320k
Bonus
$33k
Other
Benefits
$23k
Senior Vp/cfo
officer (unspecified)
$255k
$269k
Base
$193k
Bonus
$18k
Other
Benefits
$23k
VP of IT
vice president
$251k
$265k
Base
$188k
Bonus
$19k
Other
Benefits
$23k
VP of Lending/loss Prevent
vice president
$222k
$234k
Base
$168k
Bonus
$12k
Other
Benefits
$23k
VP HR
vice president
$215k
$227k
Base
$159k
Bonus
$17k
Other
Benefits
$23k
VP of Operations
vice president
$187k
$197k
Base
$139k
Bonus
$10k
Other
Benefits
$23k
VP Sales & Service
vice president
$187k
$197k
Base
$143k
Bonus
$10k
Other
Benefits
$18k
Chairman
board chair
$2k
$2k
Treasurer
officer (unspecified)
$1k
$1k
2nd Vice Chairman
board chair
$788
$832
Secretary
officer (unspecified)
$381
$402

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Up 103%
from 2023

From $448k in 2023 to $911k in 2024.

$448k
2023
$911k
2024
In today's dollarsEst.
Up 97% in real terms$488k to $961k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 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

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

RevenueExpenses
$35.3M
$32.2M
2023
$40.2M
$36.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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