Honor Credit Union

Overview / Commentary
8385 Edgewood Rd
Berrien Springs, MI 49103

Honor Credit Union is headquartered in Berrien Springs and is the 14th largest credit union in the state of Michigan. It is also the 286th largest credit union in the nation. It was established in 1934 and as of March of 2024, it had grown to 437 employees and 107,387 members at 28 locations. Honor Credit Union's money market rates are 9X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Honor Credit Union is open to those who live, work, worship, or attend a college or university in Michigan. Those who live or work in the Indiana counties of Dekalb, Elkhart, Jasper, Kosciusko, Lagrange, Lake, LaPorte, Marshal, Newton, Noble, Porter, St. Joseph, Starke, or Steuben or in the Wisconsin counties of Florence, Forest, Iron, Marinette, or Vilas are also eligible to join. Immediate family members of a current Honor Credit Union member are eligible to join, no matter where they live.
See current membership details

Reviews (8)

Better Than The Other Reviews Would Lead You To Believe.

Posted by: |

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

Posted by: |

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.

Crap Online Security

Posted by: |

Just signed up a couple weeks ago with Honor. Heard good things about them Nope don't do it people. Their online security for fraud is the equivalent of Swiss cheese. I did not even get my debit card yet and they already had someone trying to commit fraud through the credit union through mobile banking. Nobody has my account number the only way that someone was able to gain access to my account number and routing number is by damn allowing it it's a joke stay away from them as much as possible. Unless you'd like your money fraudulently sent to you. I thought that credit unions were better than Banks I guess not maybe it's the westside of Michigan the water that they drink.

Awful In Every Way.

Posted by: |

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. 

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.

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.

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.


Health Grade Components

NCUA #63004
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD9.08%
Annual Interest Income$22.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.68B$1.69B
LoansQ1 2024vs Q1 2023$1.32B$1.24B
DepositsQ1 2024vs Q1 2023$1.42B$1.39B
Equity CapitalQ1 2024vs Q1 2023$168.3MM$144.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$12.4MM$11.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$10.4MM$7.8MM
Real Estate OwnedQ1 2024vs Q1 2023$88K$315K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Honor Credit Union Savings Account Rates

0.25%$0-Health Savings (HSA)
0.25%$0-Business Health Savings (HSA)
0.20%$0-IRA Savings
0.01%$5-Share Savings
0.01%$0-Christmas Savings
0.01%$0-Vacation Savings
0.01%$5-Business Share Savings

Honor Credit Union Money Market Rates

4.00%*$1$2.5kSurge Money Market
OTHER TIERS: 0.25% $50k+ | 0.50% $10k - $50k | 0.99% $5k - $10k | 1.98% $2.5k - $5k
4.00%$1-Amplify Money Market w/ Relationship
3.00%$0-Business Amplify Bonus Money Market Account
1.80%*$2m*$10mBusiness Momentum Money Market
OTHER TIERS: 0.30% $0 - $25k | 0.45% $25k - $100k | 0.75% $100k - $250k | 1.00% $250k - $500k | 1.25% $500k - $1m | 1.50% $1m - $2m
1.00%*$500k*$1mMomentum Money Market
OTHER TIERS: 0.15% $2.5k - $50k | 0.30% $50k - $100k | 0.60% $100k - $250k | 0.80% $250k - $500k
0.25%$0-Business Amplify Money Market Account

Honor Credit Union Checking Account Rates

5.15%$0$10kBenefits Checking
1.00%$0$100kAccelerate Business Checking
0.30%*$250k*-Business Advantage Checking
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

Honor Credit Union CD Rates

4.97%$1k-10 Month CD Special
4.97%$1k-Business 10 Month CD Special
2.40%$100k-60 Month Jumbo CD
2.40%$100k-Business 60 Month Jumbo CD
2.30%$100k-48 Month Jumbo CD
2.30%$100k-Business 48 Month Jumbo CD
2.20%$100k-36 Month Jumbo CD
2.20%$100k-Business 36 Month Jumbo CD
2.15%$50-60 Month CD
2.15%$50-Business 60 Month CD
2.05%$50-48 Month CD
2.05%$50-Business 48 Month CD
1.95%$50-36 Month CD
1.95%$50-Business 36 Month CD
1.85%$100k-24 Month Jumbo CD
1.85%$100k-Business 24 Month Jumbo CD
1.75%$100k-12 Month Jumbo CD
1.75%$100k-Business 12 Month Jumbo CD
1.60%$50-24 Month CD
1.60%$50-30 Month CD
1.60%$50-Business 24 Month CD
1.60%$50-Business 30 Month CD
1.50%$50-12 Month CD
1.50%$50-18 Month CD
1.50%$50-12 Month Add-On CD
1.50%$50-Business 12 Month Add-On CD
1.50%$50-Business 12 Month CD
1.50%$50-Business 18 Month CD
1.50%$50-Business 12 Month Add On H.S.A.
1.50%$50-12 Month Add On H.S.A.
1.25%$50-6 Month CD
1.25%$50-Business 6 Month CD
1.25%$50-Business 9 Month CD
1.25%$50-9 Month CD
0.50%$50-3 Month CD
0.50%$50-Business 3 Month CD

Honor Credit Union IRA Rates

4.97%$1k-10 Month IRA Special
4.97%$1k-Business 10 Month IRA Special
2.40%$100k-60 Month Jumbo IRA
2.40%$100k-Business 60 Month Jumbo IRA
2.30%$100k-48 Month Jumbo IRA
2.30%$100k-Business 48 Month Jumbo IRA
2.20%$100k-36 Month Jumbo IRA
2.20%$100k-Business 36 Month Jumbo IRA
2.15%$50-60 Month IRA
2.05%$50-48 Month IRA
2.05%$50-Business 48 Month IRA
2.05%$50-Business 60 Month IRA
1.95%$50-36 Month IRA
1.95%$50-Business 36 Month IRA
1.85%$100k-24 Month Jumbo IRA
1.85%$100k-Business 24 Month Jumbo IRA
1.75%$100k-12 Month Jumbo IRA
1.75%$100k-Business 12 Month Jumbo IRA
1.60%$50-24 Month IRA
1.60%$50-30 Month IRA
1.60%$50-Business 24 Month IRA
1.60%$50-Business 30 Month IRA
1.50%$50-12 Month IRA
1.50%$50-18 Month IRA
1.50%$50-Business 18 Month IRA
1.50%$50-Business 12 Month IRA
1.25%$50-6 Month IRA
1.25%$50-9 Month IRA
1.25%$50-Business 6 Month IRA
1.25%$50-Business 9 Month IRA
0.50%$50-3 Month IRA
0.50%$50-Business 3 Month IRA


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