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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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