Honor Credit Union

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A short history of Honor CU

Since its inception in 1934 the Honor Credit Union has been serving its members in the Berrien Springs, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Scott McFarland, the Honor CU has grown its membership to over 67,875 with assets of more than $761,117,980. They have a main office and 17 branch offices. Please see the credit unions website or contact them by phone at (269) 983-6357 or email them at memberservices@honorcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Berrien Springs, MI.

General Information For Honor CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 63004
Address 8385 Edgewood Road 
City Berrien Springs 
State Michigan 
Zip-Code 49103
Phone Number (269) 983-6357
Fax Number (269) 983-3445
Email Address: memberservices@honorcu.com
CEO/President Scott McFarland
Members 67,875 
Full-Time Employees 264 
Part-Time Employees 30 
Number of Branch Offices 17 
Total Assets 761,117,980 
Website http://WWW.HONORCU.COM 

Compare Honor Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Country Heritage CU Country Heritage Credit Union 16580 Bakertown Rd 49107 (269) 695-2334 No 8.33
Greater Niles Community CU Cass Branch 1050 E State St 49031 (269) 445-1951 No 9.87
Four Flags Area CU Four Flags Area Credit Union 1012 S 11th St 49120 (269) 684-6512 No 10.73
United CU Double R - Branch 16 10705 Double R Blvd 89521 (775) 329-6673 No 11.53
Dowagiac Area CU Dowagiac Area Federal Credit Union 473 E Division St 49047 (269) 782-2410 No 14.48

Honor Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Honor Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.24 3.49 3.49 4.75 4.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 271 208 146 238 200
Rank Among All Michigan Credit Unions 46 64 37 70 39

Honor Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 2.50 0.05 0.25 0.40 0.40
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 13 143 105 284 243
Rank Among All Michigan Credit Unions 4 19 21 64 53
Honor Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.24015,76536,426,671
All Other Unsecured Loans/Lines of Credit 12.0007,1519,792,523
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.5003110,018
New Vehicle Loans 3.4901,19125,413,037
Used Vehicle Loans 3.49014,966174,737,166
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.7502,816254,808,422
Total Other Real Estate Loans/Lines of Credit 4.7501,91140,563,783
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.5003,44145,514,164
TOTAL LOANS & LEASES 47,244587,365,784

Honor Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 11514,756,99917224,286,413
    b. 15 Years or less 61842,818,99213414,345,354
    a. > 15 years 70894,891,5129013,780,009
    b. 15 Years or less 60376,729,6663913,110,942
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 71521,012,924686,013,940
Adjustable Rate > 1 yr 574,598,3291138,000


Closed-End Fixed Rate 50311,283,256622,279,143
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1,40829,280,5271136,257,150
Open-End Fixed Rate 0000
TOTALS 4,727295,372,20567980,210,951


Interest Only & Payment Option 1st Mortgage Loans 37715,709,9455,740,100
Interest Only & Payment Option Other RE/LOC Loans 66819,715,2145,854,450
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Honor Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes