Compensation 990

Security Credit Union

Fiscal year ending 2024. Filed on October 24, 2025.

5255 Security Park Blvd
Holly, Michigan 48442

Security Credit Union (EIN: 38-1514946) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Security Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 201 total employees. Among the employees shown here, the average compensation is $329,519. The highest compensated employee at Security Credit Union is Christopher Estes with fiscal year 2024 compensation of $910,772.

Revenue, expenses, and employee compensation

Revenue

$40,160,457

Expenses

$36,856,950

Employee compensation

$12,700,176
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Christopher Estes
President and CEO THRU 7/30/24
$910,772
$862,305 from orgNo related comp$48,467 other
Jay Yax
President and CEO AS of 7/31/24
$409,483
$352,301 from orgNo related comp$57,182 other
Heidi Schwarz
Senior Vice President and Chief Financial Officer
$254,619
$210,662 from orgNo related comp$43,957 other
Joseph Regan
Vice President, Information Technology
$250,750
$207,487 from orgNo related comp$43,263 other
Scott Knopf
Vice President of Lending/Loss Prevent
$221,985
$180,653 from orgNo related comp$41,332 other
Amanda Sherwood
Vice President, Human Resources
$215,296
$175,254 from orgNo related comp$40,042 other
William Herron
Vice President, Operations
$186,712
$148,288 from orgNo related comp$38,424 other
Catherine Krane
Vice President Sales and Service
$186,538
$152,941 from orgNo related comp$33,597 other

Non-Employee Board Members

John Truchan
Chair
$1,679
$1,679 from orgNo related compNo other comp
Phil Thick
Treasurer
$1,260
$1,260 from orgNo related compNo other comp
Donald Henry
Second Vice Chair
$788
$788 from orgNo related compNo other comp
Don Sorensen
Secretary
$381
$381 from orgNo related compNo other comp
Jessie Collins
Director
No compensation reported
Joseph Niedzwiecki
First Vice Chair
No compensation reported

Contractors

Harmon Management LLC
Consulting
$3,959,752
Jack Henry
Electronic Processing
$2,126,637
Informa Business Systems
ATM Processing and Maintenance
$1,662,273
US Signal LLC
Telephone Provider
$407,087
Loomis
Cash Handling
$345,018

Mission Statement

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

Revisions to this organization profile

October 24, 2025:
2024 Security Credit Union 990 filed
October 24, 2024:
2023 Security Credit Union 990 filed
October 19, 2023:
2022 Security Credit Union 990 filed

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