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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Best Financial Credit Union

Best Financial Credit Union

Fiscal year ending 2024. Filed on November 17, 2025.

1888 East Sherman Blvd
Muskegon, Michigan 49444

Best Financial Credit Union (EIN: 38-1562639) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Best Financial Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 52 total employees. Among the employees shown here, the average compensation is $155,304. The highest compensated employee at Best Financial Credit Union is Morgan Rescorla with fiscal year 2024 compensation of $239,809. Best Financial Credit Union changed its name from Credit Unions Chartered IN the State of Michigan in 2017.

Revenue, expenses, and employee compensation

Revenue

$9,471,857

Expenses

$9,301,322

Employee compensation

$3,096,564
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Morgan Rescorla
President and Chief Executive Officer
$239,809
$239,809 No related compNo other comp
Michael Verstraete
Chief Financial Officer
$131,861
$131,861 No related compNo other comp
Charles Ritter
Agency Principal
$126,854
$126,854 No related compNo other comp
Randi Sheffer
Chief Operating Officer
$122,693
$122,693 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

David Mieras
Vice Chair
John Hendricks
Board Member
Paul Hoppa
Secretary
Shontaye Witcher
Chair
Taylor Adams
Board Member
Tracey Bankhead
Board Member

Contractors

Cooperative Financial Services
Processing
$627,435
Share One New Solutions
Processing
$333,394
Kasasa Ltd.
Rewards Program
$163,944
Iheartmedia
Radio-Marketing
$163,271
RedRock Information Security
IT
$148,174

Mission Statement

THE PURPOSE OF THE CREDIT UNION IS TO ENCOURAGE THRIFT AND SAVINGS BY CREATING A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES AND PROMOTE SAVINGS AT A REASONABLE RATE OF INTEREST.

Revisions to this organization profile

November 17, 2025:
2024 Best Financial Credit Union 990 filed
November 13, 2024:
2023 Best Financial Credit Union 990 filed
November 15, 2023:
2022 Best Financial Credit Union 990 filed

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