# HONOR
BERRIEN SPRINGS, MI · NCUA charter 63004 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/honor-63004

Who the members are: state charter, organized 1934, low-income designated. 105,279 members of 11,799,767 potential (0.9% of the field); checking penetration 73% (share draft accounts per 100 members); loans per 100 members 64.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.86B |
| Members | 105,279 (-1.9% YoY) |
| Full-time staff | 474 |
| Net worth | $224.2M |
| Net worth ratio | 12.0% (p71 of band) |
| ROA (annualized) | 0.73% (p51 of band) |
| Total delinquency | 0.84% (p71 of band) |
| Net charge-offs (annualized) | 0.62% (p61 of band) |
| Loans / shares | 85% (p44 of band) |
| Cash / assets | 8.2% |
| Borrowings / assets | 2.15% |
| Net interest margin | 4.04% (p91 of band) |
| Operating expense / assets | 4.68% (p98 of band) |
| Vehicles % of loans | 19% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 70% |
| Third-party paper % of net worth | 87% (p36 of band) |
| Vehicle delinquency | 1.61% (p93 of band) |
| Vehicle NCO | 1.92% (p83 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 54% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 108% |
| Core shares % of member funds | 41% |
| Certificates % of member funds | 21% |
| Average share balance | $6,205 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $6.8M |
| Loans outstanding per 100 members | 64% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $20,195 |
| Loans granted, annualized | $291.1M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $6.8M outstanding purchased (3.0% of net worth), $9.3M sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares 5.0% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 4 | expense trap, loans>95% of shares |  |
| 2017-03 | 2 |  | expense trap, loans>95% of shares |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | loans>95% of shares |  |
| 2017-12 | 4 | delinquency rising |  |
| 2018-03 | 6 | net worth falling, expense trap |  |
| 2018-06 | 4 |  | delinquency rising, net worth falling |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 4 | net worth falling | expense trap |
| 2019-06 | 3 |  | net worth falling |
| 2019-09 | 2 |  | leaning on borrowings |
| 2019-12 | 3 | expense trap |  |
| 2020-03 | 3 | net worth falling | loans>95% of shares |
| 2020-06 | 3 |  |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 3 | margin squeeze |  |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 2 |  | margin squeeze, net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | net worth falling |  |
| 2022-06 | 3 | delinquency rising | net worth falling |
| 2022-09 | 4 | delinquency 2x band |  |
| 2022-12 | 5 | leaning on borrowings |  |
| 2023-03 | 3 |  | expense trap, delinquency 2x band |
| 2023-06 | 3 | expense trap | delinquency rising |
| 2023-09 | 4 | loans>95% of shares |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 2 |  | leaning on borrowings, loans>95% of shares |
| 2024-06 | 4 | delinquency 2x band, delinquency rising |  |
| 2024-09 | 3 | members leaving | delinquency 2x band, delinquency rising |
| 2024-12 | 2 |  | members leaving |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 1 |  | 3rd-party paper>100% NW |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-15 [Honor Credit Union Announced as Exclusive Stadium Naming Rights Partner - Kalamazoo Growlers - Northwoods League](https://news.google.com/rss/articles/CBMivAFBVV95cUxNUWR6UWM2NWlVTmV1NnBGUUZ1c3Z0LVdPMmxkOFhBOFIwWmJERGQtUndnZXpVRHFFUHVfRTcwcVlteXFlOG1aWTZxaFhQRVFjU2d3bXhuLXQ1VTc1amdqcVR3QTdNaEdFVG5INk1yeWtwTDBSUG1OZ1BSUUFhbHRJamlXRDNKb1hZaE9KdGczTE13ZTlPaHlvVGE1czhicHN6aERhdjc5ajhuakZQYXZfMWtUMEMtX2lGOXFBUA?oc=5) · Northwoods League
- 2025-11-25 [Social work students strengthen partnership with Honor Credit Union’s Community Connection Center - Western Michigan University](https://news.google.com/rss/articles/CBMiVkFVX3lxTFBoTXpYY2JqX0NwVU1kZG81Z2NfNDZTSGx0X1QzQnNpdjFtTXpjUTE1eFNCMzdTZWRiaUF4OU52ZTVaTlFiY0Z4dTg3Y1dGZTR6SDFnSXN3?oc=5) · Western Michigan University
- 2026-06-26 [HomeBoost program to offer down payment help in Michigan - Battle Creek Enquirer](https://news.google.com/rss/articles/CBMi5AFBVV95cUxPNHg3V1lGNk0tajB1d3FxWkNjd01oc3dtY1JwQjdUNXZPSkhsUzJoa25feDlQUmdKcjVUNHFURTNnQ29XS0U4clJFSEZUOTNucy1Ua1Bhb005bnYzSDJld0xfcUhDT1ByWm9FbExxN0k2MjJMa3JiZ0FpYTVicjA4RWswU3czSkJlOXk3UERKWXVwVWRkWENocEl2c0U3dXBHNkctR0M5c3Exc0VucVQzVEtiTkxzY09iMFdDVDR5WjhzUTZqRzBoS2g4X1dSRWo4cU1XZ1RsMWRtN3Bxb184RjhDZjY?oc=5) · Battle Creek Enquirer
- 2026-05-21 [Growlers Announce New Corner Club Area in Honor Credit Union Stadium - Northwoods League](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQM01jRzdOSlJDc0V2YkJQd0RLY2RHRWZPZEtQeVFxSERWZ2h6aXctcmk5MFlKSEJTNUJ0bk1Oa19hYzFqc0Ezb3hPbDdVQ1dSaFFiM0FNaDZMRDVQTi1XSlN2dVdieDY0dHhmRWhhZzhRQnNuMmo2bl9Bc3dscUNxNHNndDhWTVJ1LVpadXE1U2ZUalJYcjdWaks5eUQ1TU0zTVYtSmNkcHVuTV9QX3VTYXZpVVMwLVp1?oc=5) · Northwoods League
- 2025-10-02 [Honor Credit Union promotes Dr. Paige Eagan, Ph.D. to Board Director - CUInsight](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOR2R1QmFsSG45MVBUNHp6eEhZaVBYdHZvY1p4dUpWWFZTblZzY2NJV0ZIYUFBQ0RIMEphVEwzRlpnVHNJWUY5eXZqM2xPbmg2ZTd6dWF5aDJ1VFVZV2lHZTdUaUcwZEM2V0hqQV9lZUV6X0NCZUR0U3RvTEpHSlVYQWZlekxTSzhQQWR5WVpsOUkwTFlQMndmZ0JJVzdpR0ZBQVlza3g4YzhuQQ?oc=5) · CUInsight
- 2026-05-25 [Kalamazoo Growlers kick off season with major stadium upgrades - wwmt.com](https://news.google.com/rss/articles/CBMi7wFBVV95cUxPSUk0MklHZmhHTlV3ZEx5SC1SLU9TTHdENC1mbEdGWnZ5TENteUhqRHNucjJBeV83VzI5c2M0eF9qTTA1QWlHTGdBNW1FUzNKUkJoVFd3NGlfRGhVZGRUVVVLQnZqUE1rSmxlbzU0UU54SHBlMWxKSnlqel9LcWNWRHZjOWEwSTdQWDdSWWNWM0ZLeDRLQWZRMU8zOG5yUDQxODEzOC15ODI0dDZOVldNc0x0UWUyVnVoTUxFWlNSYkRyVkQ1UGpDX0VyTS16V3FOZ0J3bldUdl92SElTcG9LZVpsXzhkMlBhbGZRVHNkNA?oc=5) · wwmt.com
- 2026-04-15 [Kalamazoo Growlers sell naming rights to stadium - MLive.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxNbnpXUlJISGMwWWpCNFN4WC1lMEJtS3ZRSE1xZ1hxd3FmcDEtZ1NMbmxOY3B0ajdja3QwUVl5ZnZVT0MyOXBPRWxKTzl3NzRXemFsc2p4Qmgwelh5RGdVTjBTNnhNcjMyRkNsaXhxM0FscS1tdnVIMFlTUUhRLXlYZ1FXTGxOcTVMYmppaHNwUktqUlZOQk1XNThBYWxpb03SAbMBQVVfeXFMTWF0Z1dKNUgzR1BQNTF2RHBaeTFWeW1ZX1ZhQ3FLTWh2Rm5jd3Y2Um9DOUlTWU9waWRwUVNmSkdVU2dXUm5FUFJwVm00WHpORFgxR09sOWdCQnFMcG5NWjU1N0NiYW1US1FialhncjVJaGF4ZlhVY0tMSVh5Qjd6X2YweG5RSnN4b3Q4ZFNGcW9vNER4aXJhdlgyaDJHMUFaMHB2T2RXekc4aThjYVB1Qmx2R2s?oc=5) · MLive.com
- 2026-06-23 [Kalapalooza - Michigan Public](https://news.google.com/rss/articles/CBMikAFBVV95cUxOLXFLbnlzS25qTnhmNGRkR3NhQldubTFUN00xczRncUEtUl9uamV2ZjM5bGNxQ2EzMWZBd3NRbm9aZG9mVkw1WjRoVG9nalVTRVZtYUozLW1qQ2lkNXV3ejU0OFM5VHd6MnpvR2JkV3MyekRRTVJfeWNvbE9zR1NfcEs4SkRFdEstN2l1ZWhIeDU?oc=5) · Michigan Public

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63004 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/28.json (key "63004", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=63004
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide