Honor Credit Union in Michigan vs the state
19.1%Denial rate+0.60 pts vs state
22.6%Decision denial rate+0.03 pts vs state
63.3%Origination rate+3.44 pts vs state
7.25%Median rate+0.50 pts vs state
0.39Rate spread (pts)-0.01 pts vs state
$86kMedian applicant income
1,527Loans originated
461Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,647 | 1,639 | 22.6% | 7.75% | #27 |
| 2024 | 2,247 | 1,338 | 25.3% | 8.25% | #40 |
| 2025 | 2,411 | 1,527 | 19.1% | 7.25% | #43 |
What Honor Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Honor Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Berrien County | 836 | 562 | 132 | 15.8% |
| Van Buren County | 344 | 196 | 77 | 22.4% |
| Marquette County | 228 | 157 | 30 | 13.2% |
| Cass County | 180 | 106 | 41 | 22.8% |
| Kalamazoo County | 178 | 122 | 32 | 18.0% |
| Calhoun County | 164 | 86 | 50 | 30.5% |
| Branch County | 95 | 60 | 17 | 17.9% |
| Allegan County | 89 | 46 | 26 | 29.2% |
| Kent County | 47 | 26 | 14 | 29.8% |
| Ottawa County | 34 | 19 | 8 | 23.5% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 2,411 applications in 2025, of which 1,527 were originated and 461 denied.
19.1% of all applications, or 22.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Honor Credit Union originated in Michigan in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Honor Credit Union's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology