HONOR

8385 EDGEWOOD ROAD
Berrien Springs, MI 49103

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 63004
Date Established 1934
Assets $978.19 million
Loans $785.02 million
Deposits $806.85 million
Capital $112.63 million
 

Honor is an NCUA insured institution located in Berrien Springs, MI. It was founded in 1934 and has approximately $978.19 millions in assets.

Who can join?

Anyone who lives, works, goes to school or attends worship services in these counties is eligible to join:

Allegan, Kent, Barry, Muskegon, Berrien, Newaygo, Branch, Oceana, Calhoun, Ottawa, Cass, St. Joseph, Kalamazoo, Van Buren

Field of Membership Restrictions

Membership in Honor Credit Union is open to those who live, work, attend school or worship in the state of Michigan.

Deposit Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
1.00% $2,500 $4,999 Learn MoreShow Less
Money Market
0.25% $10,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.25% $5,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.55% $50 - Learn MoreShow Less
Special: 6 Mo FIRA
1.80% $50 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.20% $50 - Learn MoreShow Less
Special: 6 Mo CD
1.80% $50 - Learn MoreShow Less
6 Mo CD
0.30% $50 - Learn MoreShow Less
12 Mo CD
0.55% $50 - Learn MoreShow Less
18 Mo CD
0.65% $50 - Learn MoreShow Less
24 Mo CD
0.80% $50 - Learn MoreShow Less
30 Mo CD
0.90% $50 - Learn MoreShow Less
36 Mo CD
1.05% $50 - Learn MoreShow Less
48 Mo CD
1.30% $50 - Learn MoreShow Less
60 Mo CD
1.55% $50 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1 - Learn MoreShow Less

Loan Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for HONOR

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% -0.13 ($158) $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.523% 3.500% 0.25 $732 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to HONOR
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Honor branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Honor Locations


Financial Details

Honor Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Honor. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Honor U.S. Average
2.95% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Honor had $3,307,585 in non-current loans and $247,875 in owned assets. To cover these potential losses it had $112,627,567 in net worth and $7,964,121 in loans loss reserves. That gives it a Texas Ratio of 2.95%.

Net Worth
Honor U.S. Average
11.51% 13.65%

Honor FCU has a net worth of 11.51% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Honor

Branches and Savings

What is Honor?

A federal credit union, registered with the NCUA under certificate #63004.
Learn more about credit unions here.

Is Honor FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Honor?

Please see Field of Membership information above for information on who is eligible to join.

What are Honor's share account and share certificate rates?

Honor's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Honor?

Honor has total capital of $112.63 million. Full information on Honor's financial position is located above.

Who owns Honor?

Credit Unions are owned by their members.

Where are Honor branches located?

See branch locations nearby.

Are Honor ATMs Open 24/7?

Do Honor ATMs accept cash deposits?

Can Honor customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Honor have a mobile app?

Does Honor have mobile deposit?

Does Honor have quick pay?

How can Honor transfer money to other banks or credit unions?

Does Honor report to credit bureaus?

Does Honor use Chexsystems?

Does Honor use Equifax?

What is Honor's toll free phone number?

What is Honor's ACH Routing Number?

What is Honor's SWIFT code?

Where can I find Honor's wire transfer form?

What is the Honor address for deposits?

What Products Does Honor Offer

Does Honor offer mortgages?

Compare mortgage rates here.

Does Honor offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Honor offer auto and RV loans?

Compare auto loan rates here.

Does Honor offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Honor

There are currently no comments for Honor. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →