Compensation 990

Honor Credit Union

Fiscal year ending 2024. Filed on September 22, 2025.

8385 Edgewood Drive
Berrien Springs, Michigan 49103

Honor Credit Union (EIN: 38-1231023) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Honor Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 10 out of 544 total employees. Among the employees shown here, the average compensation is $352,142. The highest compensated employee at Honor Credit Union is Scott McFarland with fiscal year 2024 compensation of $801,759.

Revenue, expenses, and employee compensation

Revenue

$127,936,925

Expenses

$111,515,012

Employee compensation

$42,007,499
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Scott McFarland
Chief Executive Officer
$801,759
$741,008 from orgNo related comp$60,751 other
Heather Luciani
Chief Strategy Officer
$377,305
$342,559 from orgNo related comp$34,746 other
Kent Figy
Chief Lending Officer
$375,147
$331,927 from orgNo related comp$43,220 other
Megan Hendrix
Chief Operating Officer
$361,631
$315,264 from orgNo related comp$46,367 other
Katherine Berry
Chief People Officer
$323,137
$294,086 from orgNo related comp$29,051 other
Matthew Nordberg
Mortgage Loan Officer
$289,918
$249,275 from orgNo related comp$40,643 other
Jennifer Patrick
Vice President of Member Experience
$265,165
$219,562 from orgNo related comp$45,603 other
Tony Mandarino
Vice President of Business Services
$258,448
$220,159 from orgNo related comp$38,289 other
Edward Freed
Vice President of Innovation Technology
$235,883
$199,352 from orgNo related comp$36,531 other
Marshalll Williams
Vice President, Finance
$233,027
$211,663 from orgNo related comp$21,364 other

Non-Employee Board Members

Brian Brown
Chair
Carrie Muessig
Associate Director
Greg Vaughn
Director
Mimi Elwell
Vice Chair
Paige Eagon
Associate Director
Randy O'Neil
Director
Richard Atwell
Secretary
Ron Griesinger
Treasurer
Stephen Smith
Director

Contractors

Innovative Card Services
Visa Prepaid Cards
$5,446,597
Closner Construction & Sales
Construction Trades
$2,703,034
Cuanswers
Core Provider
$2,342,057
Equips
Maintenance Management
$1,437,754
Corelation Inc.
Core Provider
$1,293,002

Mission Statement

TO PROVIDE FINANCIAL SERVICES TO RESIDENTS OF THE STATE OF MICHIGAN.

Revisions to this organization profile

September 22, 2025:
2024 Honor Credit Union 990 filed
November 6, 2024:
2023 Honor Credit Union 990 filed
November 15, 2023:
2022 Honor Credit Union 990 filed

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