Honor Credit Union
Berrien Springs, MI · EIN 38-1231023 · Rank 4,132 by total revenue
To provide financial services to residents of the state of michigan.
Money, Form 990 for tax year 2025
- Total revenue
- $136,714,599
- Total expenses
- $121,545,531
- Total assets
- $1,808,272,915
- Salary base (all salaries and wages)
- $32,697,711
- Salaries, other pay and benefits
- $47,323,621
- Employees
- 574
- Salary base per employee
- $56,965
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (14)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Scott McFarland | CHIEF EXECUTIVE OFFICER | Officer | 40 | $885,257 |
| Heather Luciani | CHIEF STRATEGY OFFICER | Officer | 40 | $403,589 |
| Brian Brown | CHAIR | Board, Officer | 2 | None reported |
| Greg Vaughn | SECRETARY | Board, Officer | 2 | None reported |
| Mimi Elwell | VICE CHAIR | Board, Officer | 2 | None reported |
| Ron Griesinger | TREASURER | Board, Officer | 2 | None reported |
| Megan Hendrix | CHIEF OPERATIONS OFFICER | Key employee | 40 | $439,205 |
| Katherine Berry | CHIEF PEOPLE OFFICER | Key employee | 40 | $399,693 |
| Kent Figy | CHIEF LENDING OFFICER | Key employee | 40 | $345,106 |
| Breanna Bell | ASSOCIATE DIRECTOR | Board | 2 | None reported |
| Paige Eagon | DIRECTOR | Board | 2 | None reported |
| Pano Arvanitis | ASSOCIATE DIRECTOR | Board | 2 | None reported |
| Randy O'Neil | DIRECTOR | Board | 2 | None reported |
| Stephen Smith | DIRECTOR | Board | 2 | None reported |
Top 10 paid people listed
These 10 people received $3,994,786, which is 12.2% of the $32,697,711 salary base shared by 574 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Scott McFarland | CHIEF EXECUTIVE OFFICER | Officer | 40 | $824,936 | $0 | $60,321 | $885,257 |
| Megan Hendrix | CHIEF OPERATIONS OFFICER | Key employee | 40 | $387,985 | $0 | $51,220 | $439,205 |
| Matthew Nordberg | MORTGAGE LOAN OFFICER | Highly paid employee | 40 | $375,828 | $0 | $47,321 | $423,149 |
| Heather Luciani | CHIEF STRATEGY OFFICER | Officer | 40 | $367,343 | $0 | $36,246 | $403,589 |
| Katherine Berry | CHIEF PEOPLE OFFICER | Key employee | 40 | $367,316 | $0 | $32,377 | $399,693 |
| Kent Figy | CHIEF LENDING OFFICER | Key employee | 40 | $300,466 | $0 | $44,640 | $345,106 |
| Edward Freed | VP OF INNOVATION TECHNOLOGY | Highly paid employee | 40 | $262,113 | $0 | $29,237 | $291,350 |
| Jennifer Patrick | VP OF MEMBER EXPERIENCE | Highly paid employee | 40 | $239,075 | $0 | $40,195 | $279,270 |
| Lynneise Gaddie | VP OF REAL ESTATE | Highly paid employee | 40 | $247,669 | $0 | $27,496 | $275,165 |
| Marshalll Williams | VP OF FINANCE | Highly paid employee | 40 | $227,535 | $0 | $25,467 | $253,002 |
Sources
- IRS e-file return 202612549349300016 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-1231023
- Organization website (as filed): www.honorcu.com