THE NEW HORIZONS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://newhorizonsfcu.com for more information.
Dec, 31, 2023 — THE NEW HORIZONS FEDERAL CREDIT UNION is a federal credit union headquartered in WEST POINT, MS with 2 branch locations and about $13.73 million in total assets. Opened 64 years ago in 1960, THE NEW HORIZONS FEDERAL CREDIT UNION has about 2,578 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE NEW HORIZONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7290 HWY 45 ALT. WEST POINT, MS 39773-2852 |
| Phone: | (662) 494-7700 |
| Fax: | (662) 494-7064 |
| Website: | https://newhorizonsfcu.com |
| Branches: | 2 branch locations |
| Members: | 2,578 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24886 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Feb 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,727,274 |
| CEO/Manager: | Courtney Rushing |
| Chairperson: | JAMES RUSTIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,187,535 |
| TOTAL INVESTMENTS | 2,016,025 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 449,509 |
| Other Loans | 6,559,727 |
| TOTAL LOANS | 7,009,236 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,497 |
| Land And Building | 393,018 |
| Other Fixed Assets | 28,804 |
| NCUSIF Deposit | 104,807 |
| All Other Assets | 42,346 |
| TOTAL ASSETS | 13,727,274 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,092 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,625 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 535,872 |
| Regular shares | 9,261,660 |
| All Other Shares & Deposits | 1,805,981 |
| TOTAL SHARES & DEPOSITS | 11,603,513 |
| TOTAL LIABILITIES | 11,635,230 |
| Regular Reserve | 169,714 |
| Other Reserves | 0 |
| Undivided Earnings | 1,922,330 |
| TOTAL EQUITY | 2,092,044 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,727,274 |
| INCOME & EXPENSE | |
| Loan Income | 327,000 |
| Investment Income | 24,595 |
| Other Income | 95,083 |
| Total Employee Compensation & Benefits | 143,612 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 198,314 |
| Non-operating Income & (Expense) | 1,071 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 41,765 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 107,294 |
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