EIN 38-1231023

Credit Unions Chartered in the State of Michigan - 58 Honor Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
513
Year formed
1934
Most recent tax filings
2022-12-01
Description
To serve the people of allegan, barry, berrien, branch, calhoun, cass, kalamazoo, kent, muskegon, newaygo, oceana, ottawa, st. joseph and van buren counties by providing financial services. To provide financial services to residents of the state of Michigan. Providing solutions for financial success.
Related structure
Credit Unions Chartered in the State of Michigan - 58 Honor Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Honor Credit Union; Berrien Teachers Credit Union
Total revenues
$90,533,570
2022
Total expenses
$71,155,529
2022
Total assets
$1,585,559,927
2022
Num. employees
513
2022

Program areas at Credit Unions Chartered in the State of Michigan - 58 Honor Credit Union

Served 107,871 members by offering loans, deposits and various other financial solutions to ensure financial success to our membership.

Who funds Credit Unions Chartered in the State of Michigan - 58 Honor Credit Union

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Michigan Credit Union FoundationCommunity Enrichment Grants$10,000

Personnel at Credit Unions Chartered in the State of Michigan - 58 Honor Credit Union

NameTitleCompensation
Scott McFarlandChief Executive Officer$656,695
Megan HendrixChief Operations Officer / Vice President of Operations$249,340
Shari WeberChief Financial Officer / Chief Administrative Officer$649,785
Katherine BerryChief People Officer$249,267
Heather LucianiChief Strategy Officer$196,604
...and 6 more key personnel

Financials for Credit Unions Chartered in the State of Michigan - 58 Honor Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$86,359,390
Investment income and dividends$5,228,329
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$134,372
Net gain from sale of non-inventory assets$-1,463,681
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$275,160
Total revenues$90,533,570

Form 990s for Credit Unions Chartered in the State of Michigan - 58 Honor Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-09-30990View PDF
2019-122021-06-25990View PDF
2018-122019-12-13990View PDF
...and 9 more Form 990s
Data update history
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Updated personnel
Identified 6 new personnel
December 24, 2023
Used new vendors
Identified 3 new vendors, including , , and
September 26, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Michigan Credit Union Foundation
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
8385 Edgewood Dr
Berrien Springs, MI 49103
Metro area
Niles, MI
County
Berrien County, MI
Website URL
honorcu.com/ 
Phone
(269) 983-6357
Facebook page
HonorCreditUnion 
Twitter profile
@honorcu 
IRS details
EIN
38-1231023
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1934
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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