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CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
MI · EIN 381447620
25
Executives Disclosed
$106.7M
Annual Revenue
$1579.3M
Total Assets
2.4:1
Internal Pay Ratio
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN has 25 executives with disclosed compensation. The highest-paid executive, Warren Musson (VP BUSINESS SERVICES (through 8/16/2022)), received peak total compensation of $719,949.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Warren Musson | VP BUSINESS SERVICES (through 8/16/2022) | $720K | $720K | 2018–2022 | 9.6x |
| William Lawton | CEO (THROUGH 7/1/2022) | $689K | $543K | 2016–2022 | 9.2x |
| Tansley Stearns | PRESIDENT/CEO | $622K | $622K | 2022–2024 | 8.3x |
| Tommy Gasso | VP COMMERCIAL LENDING (THROUGH 9/30/23) | $574K | $574K | 2023–2023 | 7.7x |
| Jill Johnson | CHIEF REVENUE AND LENDING (THRU 05.31.24) | $523K | $523K | 2016–2024 | 7x |
| Art Beard | CHIEF IT OFFICER | $485K | $418K | 2016–2024 | 6.5x |
| Scott Cameron | CHIEF FINANCIAL OFFICER | $464K | $373K | 2021–2024 | 6.2x |
| Chris Curry | SVP OPERATIONS AND RISK | $450K | $373K | 2017–2024 | 6x |
| Cathy Meyers | CHIEF PEOPLE OFFICER | $449K | $414K | 2016–2024 | 6x |
| Randy Penner | CHIEF SALES AND MARKETING OFFICER (THROUGH 8/5/22) | $431K | $377K | 2016–2022 | 5.7x |
| Margaret Pankow | CFO (until February 2021) | $428K | $187K | 2016–2021 | 5.7x |
| Danielle Frawley | CHIEF GROWTH OFFICER | $358K | $358K | 2023–2024 | 4.8x |
| Eric Esser | Former OFFICER | $341K | $231K | 2016–2023 | 4.5x |
| Danielle Milner | CHIEF EXPERIENCE OFFICER | $333K | $333K | 2022–2024 | 4.4x |
| Elry Armaza | CHIEF OF STAFF | $310K | $301K | 2022–2024 | 4.1x |
| Sarah Cousineau | VP Marketing (through 9/19/2022) | $242K | $242K | 2021–2022 | 3.2x |
| David Heffner | SVP Lending | $240K | $240K | 2018–2023 | 3.2x |
| James Potter | INVESTMENT REPRESENTATIVE | $239K | $215K | 2018–2024 | 3.2x |
| Thomas Vargo | AVP of Core Systems & Development | $238K | $238K | 2018–2023 | 3.2x |
| Tom Vargo | AVP CORE OPERATIONS | $228K | $228K | 2024–2024 | 3x |
| Diane Kenny | VP SALES | $227K | $227K | 2016–2022 | 3x |
| Michael Erfourth | VP BUSINESS EXPERIENCE | $222K | $222K | 2023–2023 | 3x |
| Mike Erfourth | VP BUSINESS EXPERIENCE | $217K | $217K | 2024–2024 | 2.9x |
| Lisa Mullen | SENIOR GENERAL COUNSEL | $209K | $209K | 2024–2024 | 2.8x |
| Nicolle Sherman | MANAGER/MORTGAGE SERVICES | $183K | $183K | 2020–2020 | 2.4x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 8 | $248K | $453K | $2.0M |
| 2017 | 9 | $277K | $524K | $2.5M |
| 2018 | 13 | $280K | $563K | $3.6M |
| 2019 | 13 | $313K | $590K | $4.1M |
| 2020 | 13 | $332K | $629K | $4.3M |
| 2021 | 14 | $335K | $689K | $4.7M |
| 2022 | 16 | $380K | $720K | $5.3M |
| 2023 | 15 | $368K | $599K | $5.5M |
| 2024 | 13 | $353K | $622K | $4.6M |
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