Security Credit Union
Holly, MI · EIN 38-1514946 · Rank 11,751 by total revenue
We are our members' trusted, secured financial cooperative dedicated to providing exceptional value, personalized service, and convenience.
Money, Form 990 for tax year 2024
- Total revenue
- $40,160,457
- Total expenses
- $36,856,950
- Total assets
- $637,849,652
- Salary base (all salaries and wages)
- $9,629,493
- Salaries, other pay and benefits
- $12,700,176
- Employees
- 201
- Salary base per employee
- $47,908
"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 (9)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Christopher Estes | PRESIDENT AND CEO THRU 7/30/24 | Officer | 40 | $910,772 |
| Jay Yax | PRESIDENT AND CEO AS OF 7/31/24 | Officer | 40 | $409,483 |
| Heidi Schwarz | SENIOR VP/CFO | Officer | 40 | $254,619 |
| John Truchan | CHAIRMAN | Board, Officer | 2 | $1,679 |
| Phil Thick | TREASURER | Board, Officer | 2 | $1,260 |
| Donald Henry | 2ND VICE CHAIRMAN | Board, Officer | 2 | $788 |
| Don Sorensen | SECRETARY | Board, Officer | 2 | $381 |
| Joseph Niedzwiecki | 1ST VICE CHAIRMAN | Board, Officer | 2 | None reported |
| Jessie Collins | DIRECTOR | Board | 2 | None reported |
Top 10 paid people listed
These 10 people received $2,639,094, which is 27.4% of the $9,629,493 salary base shared by 201 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Christopher Estes | PRESIDENT AND CEO THRU 7/30/24 | Officer | 40 | $862,305 | $0 | $48,467 | $910,772 |
| Jay Yax | PRESIDENT AND CEO AS OF 7/31/24 | Officer | 40 | $352,301 | $0 | $57,182 | $409,483 |
| Heidi Schwarz | SENIOR VP/CFO | Officer | 40 | $210,662 | $0 | $43,957 | $254,619 |
| Joseph Regan | VP OF IT | Highly paid employee | 40 | $207,487 | $0 | $43,263 | $250,750 |
| Scott Knopf | VP OF LENDING/LOSS PREVENT | Highly paid employee | 40 | $180,653 | $0 | $41,332 | $221,985 |
| Amanda Sherwood | VP HR | Highly paid employee | 40 | $175,254 | $0 | $40,042 | $215,296 |
| William Herron | VP OF OPERATIONS | Highly paid employee | 40 | $148,288 | $0 | $38,424 | $186,712 |
| Catherine Krane | VP SALES & SERVICE | Highly paid employee | 40 | $152,941 | $0 | $33,597 | $186,538 |
| John Truchan | CHAIRMAN | Board, Officer | 2 | $1,679 | $0 | $0 | $1,679 |
| Phil Thick | TREASURER | Board, Officer | 2 | $1,260 | $0 | $0 | $1,260 |
Sources
- IRS e-file return 202512979349300816 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-1514946
- Organization website (as filed): www.securitycu.org