Honor Credit Union is headquartered in Berrien Springs and is the 14th largest credit union in the state of Michigan. It is also the 280th largest credit union in the nation. It was established in 1934 and as of June of 2024, it had grown to 470 employees and 107,509 members at 28 locations. Honor Credit Union 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
Crap Online Security
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.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63004 |
| Year Chartered | 1934 |
| Employees | 470 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.87% |
| Return on Equity - YTD | 8.53% |
| Annual Interest Income | $46.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.7B$1.64B |
| Loans | Q2 2024vs Q2 2023 | $1.32B$1.28B |
| Deposits | Q2 2024vs Q2 2023 | $1.45B$1.37B |
| Equity Capital | Q2 2024vs Q2 2023 | $172.2MM$148.1MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $12.7MM$11.7MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $15.7MM$9.2MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $240K$242K |