NEW HORIZON CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.newhcu.com for more information.
Dec, 31, 2023 — NEW HORIZON CREDIT UNION is a federally insured state chartered credit union headquartered in DANVILLE, IL with 1 branch location and about $15.51 million in total assets. Opened 78 years ago in 1946, NEW HORIZON CREDIT UNION has about 1,517 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.
Name: | NEW HORIZON CREDIT UNION |
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Address: (Main Office) | 1019 E FAIRCHILD ST DANVILLE, IL 61832 |
Phone: | (217) 431-4204 |
Fax: | (217) 431-0123 |
Website: | https://www.newhcu.com |
Branches: | 1 branch locations |
Members: | 1,517 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60213 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,513,060 |
CEO/Manager: | Leesa Hubbard |
Chairperson: | SHERRI PHILLIPS |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,300,445 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 105,437 |
Unsecured Loans | 1,222,387 |
Other Loans | 4,371,608 |
TOTAL LOANS | 5,699,432 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -223,250 |
Land And Building | 88,953 |
Other Fixed Assets | 9,370 |
NCUSIF Deposit | 115,060 |
All Other Assets | 0 |
TOTAL ASSETS | 15,513,060 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 32,047 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,235,447 |
Regular shares | 10,215,591 |
All Other Shares & Deposits | 667,318 |
TOTAL SHARES & DEPOSITS | 14,118,356 |
TOTAL LIABILITIES | 14,150,408 |
Regular Reserve | 0 |
Other Reserves | 700,000 |
Undivided Earnings | 662,652 |
TOTAL EQUITY | 1,362,652 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,513,060 |
INCOME & EXPENSE | |
Loan Income | 78,463 |
Investment Income | 20,619 |
Other Income | 13,834 |
Total Employee Compensation & Benefits | 53,278 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 190,500 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 405 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -92,796 |
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