New Board Chair At Honor Credit Union

There’s a new board chair in place at Honor Credit Union. At a meeting this week, former Honor CU Board Chair Larry Olson stepped down and handed the gavel to Mimi Elwell. Olson has served on the Honor Credit Union Board as a volunteer for more than 40 years, with his most recent tenure as chair beginning in 2007. He’ll now serve in the vice chair role. Elwell started with Honor CU in 1980 as the chair of the Supervisory Committee. She has served the last eight years as secretary of the board, and Honor CEO Scott McFarland says if anyone can fill Larry Olson’s shoes, it’s her. During Olson’s tenure, Honor Credit Union, which used to be known as Berrien Teachers Credit Union, has grown to be a more than $700 million operation. The credit union also serves 60,000 members across the state of Michigan.