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.
Sep, 30, 2025 — 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 80 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 (National Credit Union Share Insurance Fund) 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 (National Credit Union Share Insurance Fund) 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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