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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 Honor Credit Union

Honor Credit Union

Fiscal year ending 2023. Filed on November 6, 2024.

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 2023 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 519 total employees. Among the employees shown here, the average compensation is $343,950. The highest compensated employee at Honor Credit Union is Scott McFarland with fiscal year 2023 compensation of $799,693.

Revenue, expenses, and employee compensation

Revenue

$113,682,685

Expenses

$94,196,589

Employee compensation

$36,728,913
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Scott McFarland
Chief Executive Officer
$799,693
$740,398 No related comp$59,295
Matthew Nordberg
Mortgage Loan Officer
$442,766
$398,326 No related comp$44,440
Heather Luciani
Chief Strategy Officer
$338,775
$311,083 No related comp$27,692
Megan Hendrix
Chief Operating Officer
$337,231
$293,915 No related comp$43,316
Kent Figy
Chief Lending Officer
$300,795
$260,154 No related comp$40,641
Katherine Berry
Chief People Officer
$297,491
$267,743 No related comp$29,748
Tony Mandarino
Vice President of Business Services
$246,420
$209,844 No related comp$36,576
Lynneise M Gaddie
Vice President, Real Estate
$233,049
$198,561 No related comp$34,488
Edward Freed
Vice President of Innovation Technology
$224,190
$191,219 No related comp$32,971
Alex Grumbine
Director of Commercial Relationships
$219,093
$193,365 No related comp$25,728

Benchmark Employee Compensation

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

93 Innovative CA
Card
$5,190,244
36 Cuanswers
Core Processor
$2,285,373
154 Closner Const
Designing Building Construction
$1,897,213
86 Cardtronics U
Self Banking (Atm/Itm)
$1,818,871
428 Ec Moore of
Addition and Remodeling Contractors
$1,345,192

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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