Dec, 31, 2023 — HORIZON FEDERAL CREDIT UNION is a federal credit union headquartered in WILLIAMSPORT, PA with 5 branch locations and about $136.59 million in total assets. Opened 69 years ago in 1955, HORIZON FEDERAL CREDIT UNION has about 14,612 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HORIZON FEDERAL CREDIT UNION |
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Address: (Main Office) | 2849 Reach Rd WILLIAMSPORT, PA 17701 |
Phone: | (570) 326-3636 |
Fax: | |
Website: | https://horizonfcu.org |
Branches: | 5 branch locations |
Members: | 14,612 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10687 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $136,588,077 |
CEO/Manager: | Justin Howard |
Chairperson: | JAMES FEDELE |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,169,578 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 35,870,381 |
Unsecured Loans | 6,693,447 |
Other Loans | 47,780,789 |
TOTAL LOANS | 90,344,617 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -475,675 |
Land And Building | 12,210,374 |
Other Fixed Assets | 980,100 |
NCUSIF Deposit | 1,236,527 |
All Other Assets | 48,576 |
TOTAL ASSETS | 136,588,077 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,990,626 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,646,251 |
Regular shares | 74,507,777 |
All Other Shares & Deposits | 13,670,190 |
TOTAL SHARES & DEPOSITS | 121,824,217 |
TOTAL LIABILITIES | 123,814,843 |
Regular Reserve | 0 |
Other Reserves | 1,616,701 |
Undivided Earnings | 11,156,533 |
TOTAL EQUITY | 12,773,234 |
TOTAL LIABILITIES, SHARES, & EQUITY | 136,588,077 |
INCOME & EXPENSE | |
Loan Income | 5,088,126 |
Investment Income | 982,521 |
Other Income | 1,385,815 |
Total Employee Compensation & Benefits | 3,388,770 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,850,041 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 267,862 |
Cost of Funds | 641,082 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,142,703 |
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