Cannabis Banking Map

Honor Credit Union

“At Honor Credit Union, we’ve been putting members first since 1934. Our team remains true to our member promise: Providing Solutions For Your Financial Success. Honor members enjoy extraordinary member service at 28 member centers, and worldwide through online banking. Not only do members have access to many local fee-free ATMs, but you also can take advantage of more than 35,000 affiliated ATMs and thousands of Shared Branches nationwide. Take a look through our website, and you will quickly see the full range of products and services, market-leading rates and other ways to access your money, easily and dependably.”

Cannabis Banking Services

“We offer compliance-first banking solutions for legal cannabis and hemp businesses. We began offering services through our Specialty Banking Program in 2019 to help provide marijuana and hemp businesses in Michigan with a safe banking solution for their deposit and transaction needs as an alternative to operating on a cash-only basis. Connect with us today to see how we can help you.”

 

States Served:

  • Michigan

 

Official cannabis banking page: https://www.honorcu.com/specialty-banking-program/

 

Media coverage: NA

FDIC or NCUA Insured?

Yes (NCUA link).

  • NCUA charter number: 63004
  • NCUA insured since: 08/13/1975

Bank Health Rating

DepositAccounts.com Rating: link

  • DepositAccounts considers several health grade components:
    • Texas Ratio (measuring bank credit risk);
    • Texas Ratio trend;
    • Deposit growth;
    • Capitalization (difference between bank assets and liabilities).