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Credit union, Berrien Springs, MI
Honor Credit Union
A credit union based in Berrien Springs, MI. Its commercial book is led by owner-occupied CRE and multifamily. Public files show recent multifamily, 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $241M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 47
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 15
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $1.88B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 269-983-6357 From the NCUA record, June 30, 2026.
- Website
- www.honorcu.comFrom the NCUA record, November 9, 2026.
- Commercial lending page
- honorcu.comFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- HONOR; Honor CUNCUA 5300,
- Address
- 8385 Edgewood Road, Berrien Springs, MI 49103NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. Honor Credit Union's Non-owner-occupied CRE balance rose 43.0% to $22.3M in the quarter ended June 30, 2026. NCUA 5300,
| When | What the record shows | Source |
|---|---|---|
| Jun 2025 to Jun 2026 | Owner-occupied CRE balance rose 56.3% to $132.5M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Multifamily balance rose 22.6% to $45.3M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Commercial and industrial balance rose 9.0% to $30.3M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Jul 2026 | Michigan | SBA 7(a), Accommodation and Food Services | $380K | 7.75% | 11 yr | SBA FOIA | |
| Jul 2026 | Michigan | SBA 7(a), Employment Placement Agencies | $320K | 10.75% | 10 yr | SBA FOIA | |
| Mar 2026 | Michigan | SBA 7(a), Motorcycle, ATV, and All Other Motor Vehicle Dealers | $350K | 7.75% | 20 yr | SBA FOIA | |
| 2025 | Michigan | Purchase, 5 to 24 units | $2M | 6.83% | 20 yr | 78% | HMDA 2025 |
| 2025 | Michigan | Purchase, 25 to 49 units | $2M | 6.61% | 25 yr | 78% | HMDA 2025 |
| 2025 | Michigan | Purchase, 5 to 24 units | $1.2M | 6.75% | 25 yr | 75% | HMDA 2025 |
| 2025 | Michigan | Cash-out refinance, 5 to 24 units | $680K | 6.71% | 20 yr | 56% | HMDA 2025 |
| 2025 | Michigan | Cash-out refinance, 5 to 24 units | $640K | 8.25% | 1 yr | 51% | HMDA 2025 |
| 2025 | Michigan | Refinance, 5 to 24 units | $440K | 6.7% | 20 yr | 43% | HMDA 2025 |
| 2025 | Michigan | Cash-out refinance, 5 to 24 units | $440K | 6.86% | 20 yr | 80% | HMDA 2025 |
| Sep 2025 | Michigan | SBA 7(a), Full-Service Restaurants | $300K | 9.25% | 10 yr | SBA FOIA | |
| 2024 | Michigan | Purchase, 5 to 24 units | $780K | 7.53% | 20 yr | 78% | HMDA 2024 |
| Dec 2024 | Michigan | SBA 504, Wholesale Trade | $220K | 25 yr | SBA FOIA | ||
| Nov 2024 | Michigan | SBA 7(a), General Automotive Repair | $320K | 8.5% | 25 yr | SBA FOIA | |
| Oct 2024 | Michigan | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $220K | 9% | 10 yr | SBA FOIA | |
| Sep 2024 | Michigan | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $560K | 9% | 21 yr | SBA FOIA | |
| Sep 2024 | Michigan | SBA 7(a), Limited-Service Restaurants | $170K | 9% | 10 yr | SBA FOIA | |
| Jun 2024 | Michigan | SBA 7(a), Other Personal Care Services | $440K | 9% | 25 yr | SBA FOIA | |
| Feb 2024 | Michigan | SBA 7(a), Meat Retailers | $410K | 9% | 25 yr | SBA FOIA | |
| Nov 2023 | Michigan | SBA 7(a), Beauty Salons | $260K | 9% | 20 yr | SBA FOIA | |
| Oct 2023 | Michigan | SBA 7(a), Health Care and Social Assistance | $500K | 9.25% | 20 yr | SBA FOIA | |
| 12 SBA 7(a) loans since October 2023, net of cancelled | $4.23M | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $45.3M | 3.3% | +22.6% | 70 | $647K |
| Construction and land development | $5.62M | 0.4% | -10.8% | 7 | $803K |
| Owner-occupied CRE | $133M | 9.6% | +56.3% | 303 | $437K |
| Non-owner-occupied CRE | $22.3M | 1.6% | -63.8% | 33 | $676K |
| Farmland | $4.81M | 0.3% | -39.2% | 22 | $219K |
| Commercial and industrial | $30.3M | 2.2% | +9.0% | 276 | $110K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $241M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $203M |
| Q4 2023 | $206M |
| Q1 2024 | $205M |
| Q2 2024 | $206M |
| Q3 2024 | $207M |
| Q4 2024 | $212M |
| Q1 2025 | $223M |
| Q2 2025 | $225M |
| Q3 2025 | $237M |
| Q4 2025 | $229M |
| Q1 2026 | $232M |
| Q2 2026 | $241M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 7 | $7.37M | $675K | $2M | HMDA, |
| Multifamily, 5 or more units | 2024 | 1 | $780K | $780K | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 94 | $17.6M | $130K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 12 | $4.23M | $337K | $560K | SBA FOIA, |
| SBA 7(a), net of cancelled | 12 months to Sep 2026 | 3 | $1.00M | SBA FOIA, | ||
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 3 | $1.10M | $360K | $550K | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 47 | $26.7M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 13 | $4.78M | NCUA 5300, | ||
| Construction | First half of 2026 | 2 | $1.55M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 26 | $19.1M | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 5 | $961K | NCUA 5300, | ||
| C&I | First half of 2026 | 68 | $3.09M | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: name and lender office city.
| Book | Average loan |
|---|---|
| Construction and land development | $803K |
| Multifamily | $647K |
| Owner-occupied CRE | $437K |
| Non-owner-occupied CRE | $676K |
| Farmland | $219K |
| Commercial and industrial | $110K |
Programs on record: Federal Home Loan Bank member, Indianapolis district (FHFA).
Where it lends
Offices beside loans on record
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $231M | $127M to $354M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $304M | $5.59M to $650M across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 131.6% | 3.1% to 212.4% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $34.4M | $15.8M to $66.7M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 32.0% | 3.1% to 171.0% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 73.1% | 64.7% to 87.0% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- Approval to first disbursement
- 45 days, median of 11
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Credit Union One | MI | $1.81B | $163M |
| University of Michigan Credit Union | MI | $1.45B | $9.94M |
| Frankenmuth Credit Union | MI | $1.59B | $214M |
| Consumers Credit Union | MI | $2.89B | $327M |
| ELGA Credit Union | MI | $2.50B | $375M |
| 4front Credit Union | MI | $1.04B | $169M |
| Financial Plus Credit Union | MI | $1.67B | $309M |
| Community Choice Credit Union | MI | $2.12B | $507M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Honor Credit Union, NCUA charter 63004. Compare it with the regulator's record. [NCUA profile]
- Balances. $1.88B in total assets and $241M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 47 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 117 loans in HMDA and SBA files, through September 30, 2026: 7 HMDA multifamily 2025, 1 HMDA multifamily 2024, 94 HMDA 1-4 unit investor 2025, 12 SBA 7(a) in 36 months, 3 SBA 504 first liens in 36 months. [How each file was tied to Honor Credit Union]
- Phone and website. Phone 269-983-6357, from the NCUA record. Website honorcu.com, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 63004
- RSSD
- 89199
- LEI
- 254900V9842QPBGIO804
- The Lender Report ID
- lr_000920
- Main office county
- Berrien
- Members
- 105,243
- NCUA region
- 1 - Eastern
NCUA credit union details,
- Reported $1.9B in total assets as of June 30, 2026 (NCUA 5300).
- Held $240.9M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $132.5M of owner-occupied commercial real estate loans as of June 30, 2026, up 56.3% from a year earlier (NCUA 5300).
- Held $45.3M of multifamily loans as of June 30, 2026, up 22.6% from a year earlier (NCUA 5300).
- Held $30.3M of commercial and industrial loans as of June 30, 2026, up 9.0% from a year earlier (NCUA 5300).
- Originated 7 multifamily loans totaling $7.4M in 2025 (HMDA).
7 more sentences
- Originated 1 multifamily loan totaling $780K in 2024 (HMDA).
- Originated 94 1-4 unit investor or business-purpose loans totaling $17.6M in 2025 (HMDA).
- Recorded 12 SBA 7(a) approvals totaling $4.2M from October 1, 2023 to September 30, 2026 (SBA).
- Provided the first lien on 3 SBA 504 projects with $1.1M in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Originated 47 real-estate-secured commercial loans totaling $26.7M in the first half of 2026 (NCUA 5300).
- Held $5.8M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 28 offices in 1 state (NCUA).
Cite this
Source: The Lender Report, Honor Credit Union, https://lender.report/lender/honor-credit-union-mi/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.
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Work at Honor Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem