Credit union
Honor Credit Union
Berrien Springs, Michigan, Berrien County, MI
$1.9B in total assets and 105,352 members, the 275th largest of 4,298 US credit unions and 14th of 169 headquartered in Michigan.
- NCUA charter
- 63004
- Charter
- State chartered (MI)
- Chartered
- 1934
- NCUA insured since
- 1975
- Low-income designation
- Yes
- Website
- http://WWW.HONORCU.COM
At a glance
Compared with 26 federally insured credit unions in Michigan with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.9B | 54% | $1.7B | |
| Loans | $1.4B | 58% | $1.3B | |
| Deposits (shares) | $1.6B | 54% | $1.5B | |
| Members | 105,352 | 46% | 111,554 | |
| Return on assets | 0.88% | 50% | 0.84% | |
| Net interest income to assets | 4.19% | 81% | 3.74% | |
| Efficiency ratio | 79.1% | 73% | 73.4% | |
| Net worth ratio | 12.16% | 69% | 11.02% | |
| Loans to shares | 85% | 46% | 86% | |
| Cost of deposits | 1.60% | 38% | 1.79% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 10.4% a year over 10 years and 6.8% a year over the last 5, including 3 mergers in the last 10 years. Membership grew 2.4% a year over 5 years, to 105,352.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Oct 2021 | ATL Federal Credit Union Credit union, Wyoming, MI | $15M |
| Oct 2017 | Post Community Credit Union Credit union, Battle Creek, MI | $85M |
| Apr 2017 | Battle Creek Area Community Federal Credit Union Credit union, Springfield, MI | $20M |
| Jun 2014 | Sir Federal Credit Union Credit union, Negaunee, MI | $84M |
| Apr 2012 | Allegis Credit Union Credit union, Kalamazoo, MI | $89M |
Where they operate
28 branches in 10 counties.
Also 2 branches outside this map: 2 in Michigan.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Berrien County, MI | 9 | 13.8% | 3 of 15 |
| Van Buren County, MI | 4 | 17.4% | 1 of 14 |
| Calhoun County, MI | 3 | 6.7% | 4 of 22 |
| Marquette County, MI | 3 | 9.1% | 4 of 13 |
| Allegan County, MI | 2 | 6.2% | 4 of 12 |
| Kalamazoo County, MI | 2 | 2.1% | 14 of 27 |
| Ottawa County, MI | 2 | 1.6% | 9 of 29 |
| Branch County, MI | 1 | 4.8% | 4 of 10 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 16 | |
| 2017 | 23 | +7 |
| 2018 | 24 | +1 |
| 2019 | 24 | 0 |
| 2020 | 23 | −1 |
| 2021 | 23 | 0 |
| 2022 | 27 | +4 |
| 2023 | 27 | 0 |
| 2024 | 29 | +2 |
| 2025 | 29 | 0 |
| Jun 2026 | 28 | −1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.92% | 0.73% |
| Net worth ratio | 12.16% | 11.02% |
| Loans to shares | 85% | 86% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Michigan
Most branches in Berrien County, MI
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.