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Moody & Gifford
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Posted: Tuesday, 13 May 2014 12:40PM

Honor Credit Union Expanding To U.P. With Merger

Honor Credit Union is one step closer to completing its partnership with SIR Federal Credit Union. Honor's CEO Scott McFarland says the merger has been in the works for some time.


SIR members voted in April to approve the merger, which will be official upon regulatory approval on June 1. This will be the first credit union partnership to unite the Lower Peninsula and Upper Peninsula.


Honor Credit Union will soon be serving over 51,000 members in 14 Southwest Michigan counties and another 12 counties in the U.P., as that name will stay and the SIR Federal Credit Union name will be retired. McFarland notes they have received preliminary regulatory approval, and expect the merger to be finalized in the next two weeks.


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