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THE NEW HORIZONS FEDERAL CREDIT UNION

Mar, 31, 2021 — THE NEW HORIZONS FEDERAL CREDIT UNION is a federal credit union headquartered in WEST POINT, MS with 2 branch locations and about $13.48 million in total assets. Opened 61 years ago in 1960, THE NEW HORIZONS FEDERAL CREDIT UNION has about 3,072 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 284283630
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:http://newhorizonsfcu.com
Branches:2 branch locations
Members:3,072
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:$13,481,730
CEO/Manager:VICKIE BAGWELL
Chairperson:JAMES RUSTIN

Call Report

  • Credit Builder
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,729,718
TOTAL INVESTMENTS 2,113,437
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 460,310
 Other Loans 6,547,157
 TOTAL LOANS 7,007,467
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -56,800
 Land And Building 396,988
 Other Fixed Assets 38,513
 NCUSIF Deposit 87,968
 All Other Assets 164,439
  TOTAL ASSETS 13,481,730
LIABILITIES & CAPITAL:  
 Dividends Payable 732
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,427
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 752,265
 Regular shares 8,992,291
 All Other Shares & Deposits 1,692,224
  TOTAL SHARES & DEPOSITS 11,436,780
  TOTAL LIABILITIES 11,460,939
 Regular Reserve 169,714
 Other Reserves 0
 Undivided Earnings 1,851,077
  TOTAL EQUITY 2,020,791
  TOTAL LIABILITIES, SHARES, & EQUITY 13,481,730
INCOME & EXPENSE  
 Loan Income 106,950
 Investment Income 14,621
 Other Income 29,251
 Total Employee Compensation & Benefits 52,542
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 64,682
 Non-operating Income & (Expense) 357
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 12,068
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 36,041
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