Honor Credit Union is headquartered in Berrien Springs and is the 15th largest credit union in the state of Michigan. It is also the 319th largest credit union in the nation. It was established in 1934 and as of December of 2020, it had grown to 337 employees and 90,369 members at 25 locations. Honor Credit Union has an A+ health rating.
Membership in Honor Credit Union is open to those who live, work, attend school or worship in the state of Michigan.
See current membership details
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!
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.
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.
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.
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.
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.
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.
|Return on Assets - YTD||1.18%|
|Return on Equity - YTD||10.38%|
|Annual Interest Income||$45.0MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$1.22B$1.01B|
|Loans||Q4 2020vs Q4 2019||$848.9MM$806.0MM|
|Deposits||Q4 2020vs Q4 2019||$1.05B$840.1MM|
|Equity Capital||Q4 2020vs Q4 2019||$135.0MM$118.5MM|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$10.8MM$8.5MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$2.5MM$4.1MM|
|Real Estate Owned||Q4 2020vs Q4 2019||$499.00K$119.00K|
Rates for Honor Credit Union are currently being reviewed.