Applications / Mortgage Analytics / Lenders / Michigan / Honor Credit Union
Berrien Springs, MI · Credit union · NCUA · $1.8 billion assets · 1,586 loans in 2025
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1,586
loans originated, 2025
2,499
applications, 2025
14
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Honor Credit Union is a Michigan credit union whose originations rose 15% in 2025, faster than similar lenders' 9%, with nearly a third of its loans for home improvement.
Its 1,586 originations rose 15% from 1,381, faster than about two-thirds of similar lenders (credit unions making between half and twice as many loans), which grew 9%; the whole market grew 10%. They remain well below the 2,700 of 2020.
Home purchases were 35.1% of its loans and home improvement 31.3%, with refinances at 18.0%. Its typical loan was $105,000, against $115,000 at peers. Manufactured homes were 4.9% of its loans, against 0.4%, a higher share than at more than nine in ten peers.
LMI (low- and moderate-income) borrowers took 30.7% of its loans, against 26.9% at peers, a higher share than at about three-quarters of them, and up from 22.7% five years before. LMI areas took 14.5%, near the middle. Majority-minority areas took 3.7%, against 11.1%; the make-up of the Michigan markets it mainly serves is one possible reason.
Niles has been its market since 1991. Its share rose 0.1 points to 1.4% in Kalamazoo-Portage, where it ranked 17 of 281 lenders, and it ranked 17 of 606 in non-metro Michigan. It lent in 14 states and entered Jonesboro and Cincinnati in 2025.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Honor Credit Union took 2,499 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 35.1% · Home improvement 31.3% · Refinance 18.0% · Other 15.6%
Conventional 98.9% · FHA 1.0% · USDA (RHS or FSA) 0.1% · of 1,586 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Michigan | 1,493 | 94.1% |
| Indiana | 26 | 1.6% |
| Florida | 10 | 0.6% |
| Illinois | 7 | 0.4% |
| Arkansas | 3 | 0.2% |
| Tennessee | 3 | 0.2% |
| North Carolina | 2 | 0.1% |
| Alabama | 1 | 0.1% |
| Arizona | 1 | 0.1% |
| Kentucky | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Niles | 562 |
| Kalamazoo-Portage | 122 |
| South Bend-Mishawaka | 120 |
| Battle Creek | 86 |
| Grand Rapids-Wyoming-Kentwood | 65 |
| Chicago-Naperville-Schaumburg | 7 |
| Michigan City-La Porte | 7 |
| Warren-Troy-Farmington Hills | 7 |
| Detroit-Dearborn-Livonia | 4 |
| Tampa | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900V9842QPBGIO804 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 89199 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 563004 | 1991–2017 |
Established 1 January 1934. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Honor Credit Union's data.
Honor Credit Union's data
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Honor Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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