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HORIZONS FEDERAL CREDIT UNION

Dec, 31, 2020 — HORIZONS FEDERAL CREDIT UNION is a federal credit union headquartered in BINGHAMTON, NY with 4 branch locations and about $131.22 million in total assets. Opened 84 years ago in 1937, HORIZONS FEDERAL CREDIT UNION has about 12,332 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:HORIZONS FEDERAL CREDIT UNION
Address:
(Main Office)
120 MAIN ST
BINGHAMTON, NY 13905
Phone:(607) 724-5876
Fax:(607) 724-0613
Website:http://www.horizonsfcu.com
Branches:4 branch locations
Members:12,332
Credit Union Type:Federal Credit Union
Charter Number:2041
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$131,223,770
CEO/Manager:Mario DiFulvio
Chairperson:Richard Felo

Call Report

  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,284,550
TOTAL INVESTMENTS 18,442,048
Loans Held for Sale 0
 
 Real Estate Loans 30,882,060
 Unsecured Loans 7,712,363
 Other Loans 57,303,819
 TOTAL LOANS 95,898,242
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -659,000
 Land And Building 1,710,683
 Other Fixed Assets 177,398
 NCUSIF Deposit 1,084,602
 All Other Assets 2,285,247
  TOTAL ASSETS 131,223,770
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 842,568
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,488,615
 Regular shares 52,105,277
 All Other Shares & Deposits 44,109,496
  TOTAL SHARES & DEPOSITS 116,703,388
  TOTAL LIABILITIES 117,545,956
 Regular Reserve 1,471,278
 Other Reserves 0
 Undivided Earnings 12,206,536
  TOTAL EQUITY 13,677,814
  TOTAL LIABILITIES, SHARES, & EQUITY 131,223,770
INCOME & EXPENSE  
 Loan Income 4,086,248
 Investment Income 424,616
 Other Income 1,237,421
 Total Employee Compensation & Benefits 2,092,505
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,691,478
 Non-operating Income & (Expense) 1,589
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 182,213
 Cost of Funds 512,973
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 270,705
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