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NEW HORIZON CREDIT UNION

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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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 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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