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Holiday Hours

In observance of Memorial Day, all Honor member centers, and our Contact Center will be closed Saturday, May 25th and Monday May 27th. We'll reopen for normal business hours on Tuesday, May 28th. You can always access your account 24/7 via online banking and the mobile app. As a reminder, if you get a suspicious call or text about your account activity or charges, do not click, call, or engage at all. Have a safe and happy holiday weekend!

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Trust Services

At Honor Credit Union, we help you prepare for the future by offering estate planning services. We’ve partnered with Trust & Will and Credit Union Trust to give you peace of mind knowing your families future is secure. Learn more below about the services you can take advantage of and get started preparing for your future today!

Our Trust and Estate Services: Your Legacy

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Services

Learn about trust services, fiduciary services and investment services

Take a
Quiz

Take a simple quiz to see how Trust & Will can match you with the right plan

Meet Our
Team

Get to know our team of experts that can help you navigate the trust process

Resources
& FAQs

Honor members can take advantage of special offers & discounts

Trust Services Options

Will

Trust

Trust & Estate Administration

Let's Connect!

Please submit the form below and a Credit Union Trust representative will reach out to you.

Take a Short Quiz

Knowing the right approach to take in preparing for the future can make a huge difference. Our partners at Trust & Will have created a simple quiz to help guide you.

Quiz Questions Are a Guide

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Meet Jim Welch

Credit Union Trust was created to provide trust and investment solutions to credit union members and the public. We promise to build on the credit union legacy of service and integrity as we create an enduring future for those we serve.

Vice President &
Trust Officer

jim welch

Services Offered

Jim has more than 25 years of experience in personal trust administration and probate & estate settlement.  A National Trust School Graduate of both University of Chicago and Northwestern University, Jim received his CTFA designation in 2004 and holds a Bachelor of Science degree from Western Michigan University.  Jim is a member of the Southwestern Michigan Estate Planning Council and serves as a HOST volunteer at Benton Harbor Public Schools.  His office is located in the St. Joseph Member Center.

Susan Goodkind Wideman

Business Development Consultant

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Susan Goodkind Wideman, J.D. practiced Elder Law & Estate Planning in Michigan’s Upper Peninsula for 20 years. She retired from her law firm in 2019, and now works with Credit Union Trust as a Business Development Consultant.

Susan received her law degree from Western Michigan University. She also holds a Bachelor’s degree from Cornell University.

Susan works out of the Honor Credit Union Negaunee Member Center.

Pete Munson

Financial Advisor

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Pete has been a financial advisor for nearly 20 years providing comprehensive, financial and investment planning services to his clients. As a Financial Advisor, Pete provides client investment strategy oversight, financial planning and technology supported through LPL Financial.

He is a graduate of Northern Michigan University with a Bachelor of Science degree in Finance. Pete earned the CFP® designation in 2009 and continues to fulfill annual continuing education requirements and to remain current regarding trends and planning techniques within the industry.

Pete works out of the Honor Credit Union Negaunee Member Center.

Mark Sutherland

Financial Planner

Mark has been a financial planner for over 30 years years providing comprehensive, financial and investment planning services to his clients.

Mark maintains two strong associations. First, he provides securities oversight, financial planning and technology supported through LPL Financial. Secondly, Mark is an active member of a prestigious and large regional network of America Group Retirement Strategy Centers. Service team members are skilled, knowledgeable, and focused on serving clients with dedication and distinction. America Group Retirement Strategy Centers is known as one of the “Top” large enterprises associated with LPL Financial.

Mark attended Michigan State University. He graduated with a B.A. in Business Administration in 1979.

Credit Union Trust does not guarantee investment results in its fiduciary accounts. Where non-deposit investment products are used, such investment products are not insured by the FDIC, are not deposits or other obligations of Credit Union Trust and are not guaranteed by Credit Union Trust, and are subject to investment risks, including possible loss of the principal invested.

Resources & Frequently Asked Questions

Related Tools & Resources

Estate Planning 101

Learn what you need to know about estate planning, including how to get started and the basics of the process in this guide by Trust & Will!

Will or Trust?

Discover what the differences are between a trust and a will and which is the best option for your estate planning situation at Trust & Will today.

Types of Wills

Learn about the different types of wills and how to choose the will that is right for you in this guide from the estate planning experts at Trust & Will.

Trust Funding Guide

Learn how to fund your trust by transferring assets to it in this guide provided by Trust & Will.

Building Your Team

It is important for you to have a team that has your best interests in mind. Learn more from this guide by Credit Union Trust.

Credit Union Trust Academy

Learn more about wills, trusts, estate planning and how to select representatives that will best serve your interests and needs by Credit Union Trust.

Frequently Asked Questions

If you are looking to create, and manage your estate documents, Trust & Will is the service for you.  It’s a cost effective way to create your trust without an attorney.  Trust & Will is the leading online estate planning platform in the US whose mission is to help families secure their legacies. 

If you are looking for a service to create, manage, invest and file taxes on behalf of your trust, Credit Union Trust is the service for you.  Credit Union Trust is a limited purpose bank, founded and owned by Honor Credit Union and six other Michigan based credit unions to provide trust products and services to their credit union members.

Wills and trusts have a lot of overlap, but also a lot of difference.

Wills are simpler documents that let you name guardians for kids and pets, designate where assets go, and specify final arrangements.  The simplicity of a will does come with some drawbacks: a will offers more limited control over the distribution of assets and often has to go through a probate process after death.

Like a will, a trust also controls the disposition of assets but provides greater control over when and how your assets are distributed.  Trusts only apply to assets held in the trust, so you will need to transfer assets to the trust.  This makes a trust a little more complex to set up, but it brings major benefit.  Trusts are also often used to minimize or avoid probate entirely, which can be a huge draw for many and justifies the additional work upfront needed to create a trust. 

Both are ways to say who will receive your assets.  Each just has a different way of distributing those assets, as well as different advantages and disadvantages.

Most people complete a will in 15 minutes and a trust in 20 minutes.  All of your answers are saved as you go, so feel free to pause and come back to pick up where you left off at any time!

  • Store the documents in a safe place
  • Notify loved ones of the location
  • Review and update your documents every year

Having a discussion about your estate plan can be a great way to share your wishes and prevent conflict.  Even if you’re hesitant to share details, you should consider letting your family, executors or successor trustees, and loved ones know that you have an estate plan and where the original signed document is located. 

Selecting a trustee isn’t as simple as you might imagine.  Who you choose needs to be qualified, knowledgeable, and committed, and their actions will have a lasting impact.  You can choose a friend of family member to be an individual trustee or you can have a professional trustee that has been professional trained for this role.  

To consider these options, you can find out more information by clicking here

Zero Down Payment Offer

To make the process as simple as possible with our Zero Down Payment mortgage offer, we encourage you to speak with a mortgage expert so they can explain the requirements and guide you through the process!

Find An Expert Near You

Need Help? Contact us at 800.442.2800 and we will help you get started with the application process.