
Investments
1Partners & Customers
3About Honor Credit Union
Honor Credit Union is a Michigan-based financial institution that offers its customers personal and business banking services, including online banking, checking and savings accounts, lending, investments, and insurance.
Latest Honor Credit Union News
Feb 13, 2023
News Provided By Share This Article Visa Title Sponsor for the African American Credit Union Hall of Fame Induction Ceremony at the Historic National Museum of African American History & Culture SNELLVILLE, GA, UNITED STATES, February 13, 2023 / EINPresswire.com / -- The African American Credit Union Coalition ( AACUC ) has partnered with Visa, a world leader in digital payments, to sponsor the AACUC’s African American Credit Union Hall of Fame. The Hall of Fame Induction Ceremony will be held at the historic National Museum of African American History and Culture in Washington, D.C. on February 28, 2023. The ceremony will honor and induct seven credit union leaders whose influence extends across the United States and internationally. “Visa is committed to supporting and advancing diverse communities across the world, and we’re thrilled to partner with AACUC as the Title Sponsor for the African American Credit Union Hall of Fame Induction Ceremony,” said Jacque Sinatra, Vice President, Southwest Community Accounts. “Celebrating this year’s Hall of Fame honorees at a Smithsonian museum devoted exclusively to African American culture and history truly underpins the significance of each of the inductees’ accomplishments and impact in the U.S. and abroad.” Since 2008, the AACUC has inducted nearly 60 influential credit union enthusiasts and leaders with national and global reach – notable inductees including past Credit Union National Association Board Chair Maurice R. Smith and retired World Council of Credit Unions President/CEO Pete Crear. This year’s cohort continues that tradition and recognizes the achievements of seven accomplished leaders who have impacted African-American, Hispanic and global communities including Kenya, Tanzania, Malawi, Ethiopia, the Philippines, Canada, Ireland and Russia. The 2023 honorees are: • Carla Decker, Chief Operating Officer, IDB Global Federal Credit Union • Melinda Edmunds, President/CEO, Patent and Trademark Office Federal Credit Union • Todd Harper, Chairman, National Credit Union Administration • Lois Kitsch, Co-Founder, CU Difference • George Ombado, Executive Director, African Confederation of Cooperative Savings and Credit Association • Michael Ray, Vice President of Business Development, PAHO/WHO Federal Credit Union “The African American Credit Union Hall of Fame is a prestigious recognition in our credit union movement because it honors those who have committed their years of service to advancing financial services and access to financial capital for people of color,” said Renée Sattiewhite, AACUC President/CEO. “We couldn’t be more elated than to have Visa’s support for initiatives like the Hall of Fame that promote inclusion and equity within diverse communities.” Full biographies for each inductee are available on https://www.aacuchof.org/hall-of-fame or www.aacuc.org/hall-of-fame . ### About the African-American Credit About the African American Credit Union Hall of Fame History On October 16, 2008, the AACUC unveiled an exhibit featuring African Americans in the credit union movement the first 100 years at the America’s Credit Union Museum in Manchester, N.H. Continuing with that effort, the Funding Development Committee, led by Helen Godfrey Smith, created the African American Credit Union Hall of Fame. This virtual hall of fame was created to accomplish two goals: to honor and recognize African Americans who have and are contributing to the credit union movement – many who are unsung heroes and trailblazers and to serve as a fundraiser for AACUC’s sustainability. To be inducted you must have accomplished or achieved the following: 1) provided in excess of 10 years of service in the credit union industry; 2) worked to provide financial services for people in general; and 3) identify at least four significant accomplishments, which benefited African-Americans’ and access to financial capital for communities of color. About the African-American Credit Union Coalition The African-American Credit Union Coalition (AACUC) was created to increase the strength of the global credit union community. We are a 501c3 non-profit organization of professionals and volunteers in the credit union industry. Over the years, AACUC has grown and is ever changing to meet the needs of the dynamic credit union community which it serves. AACUC has adopted the 8th Cooperative Principle and encourages all credit union and affiliated organizations to adopt it as well. AACUC has also created the Commitment to Change: Credit Unions Unite Against Racism Initiative and it has gained great momentum within the credit union industry. For more information, visit: www.aacuc.org or follow us on social media at: Facebook.com/AACUC1, Linkedin.com/company/AACUC, Twitter.com/AACUC1 or Instagram.com/aacucctc. Dohnia Dorman
Honor Credit Union Investments
1 Investments
Honor Credit Union has made 1 investments. Their latest investment was in Element 22 Commercial Group as part of their Corporate Minority on July 7, 2019.

Honor Credit Union Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/24/2019 | Corporate Minority | Element 22 Commercial Group | $0.5M | Yes | 2 |
Date | 7/24/2019 |
---|---|
Round | Corporate Minority |
Company | Element 22 Commercial Group |
Amount | $0.5M |
New? | Yes |
Co-Investors | |
Sources | 2 |
Honor Credit Union Acquisitions
1 Acquisition
Honor Credit Union acquired 1 company. Their latest acquisition was ATL Federal Credit Union on May 27, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
5/27/2021 | Merger | 1 |
Date | 5/27/2021 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Merger |
Sources | 1 |
Honor Credit Union Partners & Customers
3 Partners and customers
Honor Credit Union has 3 strategic partners and customers. Honor Credit Union recently partnered with Zogo on September 9, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
9/7/2022 | Partner | United States | Honor Credit Union partners with Zogo - CUInsight BERRIEN SPRINGS , MI -LRB- September 7 , 2022 -RRB- -- Honor Credit Union has partnered with Zogo , a leading financial technology company , to bring Zogo 's app to its account holders and families . | 1 | |
9/5/2019 | Partner | ||||
10/27/2017 | Partner |
Date | 9/7/2022 | 9/5/2019 | 10/27/2017 |
---|---|---|---|
Type | Partner | Partner | Partner |
Business Partner | |||
Country | United States | ||
News Snippet | Honor Credit Union partners with Zogo - CUInsight BERRIEN SPRINGS , MI -LRB- September 7 , 2022 -RRB- -- Honor Credit Union has partnered with Zogo , a leading financial technology company , to bring Zogo 's app to its account holders and families . | ||
Sources | 1 |
Honor Credit Union Team
4 Team Members
Honor Credit Union has 4 team members, including current Chief Executive Officer, Scott McFarland.
Name | Work History | Title | Status |
---|---|---|---|
Scott McFarland | Chief Executive Officer | Current | |
Name | Scott McFarland | |||
---|---|---|---|---|
Work History | ||||
Title | Chief Executive Officer | |||
Status | Current |
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