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Overview / Commentary
2920 Lakeview Ave
Saint Joseph, MI 49085-2317

Honor Credit Union is headquartered in Saint Joseph and is the 21st largest credit union in the state of Michigan. It is also the 459th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 157 employees and 42,614 members. Honor Credit Union has a A+ health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, goes to school or attends worship services in these counties: Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, Kent, Muskegon, Newaygo, Oceana, Ottawa, St. Joseph, Van Buren. - See Details

Reviews (7)

Awful In Every Way.

Good luck getting anything done here without a fight. I couldn't even pay out money on *MY* debit card without having to call the branch and ask to have an approval issued.

Dana at the Kalamazoo Branch is so put out to do her job that it is nearly impossible to get anywhere. I miss Allegis, and will be closing my Honor account this week and transfering to another CU. 

The Worst CU In The Nation

I always thought credit unions were the way to go until I moved to Coloma two years ago and joined Honor CU. (formerly BTCU)   Honor seems to be geared to sqeeze the most fees out of thier (so called) MEMBERS IN EVERY WAY THEY CAN.  Once you sign that voting proxy,  you no longer have a say.  They advertise MEMBER owned, but you don't own a thing.  They advertise that they have a lot of money to lend, but they are very difficult to secure a loan through.  I would not recommend Honor CU to anyone.  They will knickel and dime you.  Credit Unions are NOT better than conventional banks, because, they operate under a false premiss.

Charge As Many Fees As Possible

When Honor Credit Union was Berrien Teachers Credit Union, I used to rave about their customer service. Since becoming Honor Credit Union, their service has progressively gotten worse. I agree with the other reviews that they charge as many fees as they possibly can. I have experienced them processing withdrawals before deposits to collect as many fees as possible. Glad I saw this website with reviews - I thought it was just me. Take your money elsewhere - it is not appreciated at Honor. I will definitely be moving mine.

Bank Is Terrible!

This bank is the worst I have ever banked with. I loved it when it was Berrien Teachers credit union. Now that is honor they are the worst. I am pulling all my accounts and switching to another bank. I had been a customer for 8 years. They charge fees upon fees. They clear checks before deposits so they can charge more fees. When you go through the drive through they announce personal information over the loudspeaker, not knowing who you have with you or who is hearing the information. It is the worst, bar none! Do not bank here!!!!!!! I willl tell everyone I possibly can to not bank with this bank.

Better Than The Other Reviews Would Lead You To Believe.

Okay, so I don't like change and miss the old BTCU as much as the next customer, but really for my family things did not drastically change since the name change.

Yes there are fees and they have increased over the years and there are some limits on what Honor will let you do without hitting you with fees, but read the rules and control the fees with your banking actions instead of complaining about them.

They have managed to keep a five star rating here and an "A" rating on the Weiss Ratings report so they seem to be doing something right which is important to me as a customer.

I mostly do internet banking with them now as I don't live close enough to drive to a branch very often any more, but from someone who has been banking with them for over 20 years there are worse places to keep your money!

Honor Credit Union Is Fine.

Why is everyone dissing Honor Credit Union? I moved from Berrien Springs to the East Coast 2 years ago and I still have my Honor Credit Union account. Their fees are lower than the banks and credit unions around here, and I can use shared branching when I have to deposit a check or withdraw cash. The majority of my banking is online, and they have a very nice, easy-to-use website, which I think they just lease but it doesn't belong to them.

The only problem I have noticed is their tellers are not very friendly. However, their customer service is good when I call by phone, and that is all that matters to me living a thousand miles away. Lighten up, everyone. They are a decent credit union from my experience.

South Haven Honor CU

I have been banking here for well over 15 years. They have always been there for me to cover my accounts and loans with just a phone call, and no fees. Loans have always been done fast, with ease and with very friendly service. The gals at the counter are some of the nicest people and make me always feel welcomed. My son likes the free pencils, colored rulers, animal toys and cookies when he goes there to make his deposits.

Just wish they could be open for 4 hours on Saturday for out-of-towners like me.

Thanks for all the years of service.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Honor Credit Union had $1.51 million in non-current loans and owned real-estate with $56.52 million in equity and loan loss allowances on hand to cover it. This gives Honor Credit Union a Texas Ratio of 2.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Honor Credit Union experienced no significant changes from 2.50% as of March 31, 2013 to 2.68% as of March 31, 2014, resulting in a negative change of 7.14%. This indicates that the balance sheet and financial strength for Honor Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Honor Credit Union has increased its total deposits by $34.68 million, resulting in 8.53% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Honor Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Honor Credit Union has $495.29 million in assets with $56.52 million in equity, resulting in a capitalization level of 11.41%, which is excellent.

Institution Statistics

NCUA #63004
Year Chartered1934
Primary Regulator
Assets and Liabilities
Assets$495.29 million
Loans$320.15 million
Deposits$441.06 million
Equity Capital$52.01 million
Loan Loss Allowance$4.52 million
Unbacked Noncurrent Loans$1.15 million
Real Estate Owned$364,000
Historic Data - March 2013
Assets$456.76 million
Equity Capital$48.12 million
Loan Loss Allowance$5.27 million
Unbacked Noncurrent Loans$1.15 million
Real Estate Owned$427,000
Profit Margin - Quarterly
Return on Assets0.81%
Return on Equity7.74%
Interest Income$4.28 million

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Honor Credit Union Savings Account Rates

0.20%--Traditional IRA
0.20%--Roth IRA
0.20%--Coverdell Education Savings
0.10%--Share Savings
0.10%--Christmas Savings
0.10%--Vacation Savings

Honor Credit Union Money Market Rates

0.35%$250k-Tiered Interest Money Market (TIMM)

Honor Credit Union Checking Account Rates

5.00%-$5kBenefits Checking - Qualifying
0.01%--Benefits Checking - Non Qualifying

Honor Credit Union CD Rates

1.16%$500-60 Month Share Certificate
0.90%$500-48 Month Share Certificate
0.80%$500-36 Month Share Certificate
0.70%$500-30 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.50%$500-18 Month Share Certificate
0.45%$500-12 Month Share Certificate
0.45%$50-12 Month Add-On Share Certificate
0.30%$500-6 Month Share Certificate
0.15%$500-3 Month Share Certificate

Honor Credit Union IRA Rates

1.16%$500-60 Month IRA Certificate
0.90%$500-48 Month IRA Certificate
0.80%$500-36 Month IRA Certificate
0.70%$500-30 Month IRA Certificate
0.60%$500-24 Month IRA Certificate
0.50%$500-18 Month IRA Certificate
0.45%$500-12 Month IRA Certificate
0.30%$500-6 Month IRA Certificate
0.15%$500-3 Month IRA Certificate

Honor Credit Union has 12 locations. Click to view all Honor Credit Union locations.