Sep, 30, 2025 — NEW HORIZONS CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 7 branch locations and about $275.47 million in total assets. Opened 76 years ago in 1950, NEW HORIZONS CREDIT UNION has about 23,112 members and employs 85 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 HORIZONS CREDIT UNION |
|---|---|
| Address: (Main Office) | 622 Azalea Rd MOBILE, AL 36609-1530 |
| Phone: | (251) 316-3240 |
| Fax: | (251) 665-5323 |
| Website: | https://www.newhcu.org |
| Branches: | 7 branch locations |
| Members: | 23,112 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60799 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $275,465,840 |
| CEO/Manager: | Edith Franklin |
| Chairperson: | Ralph A Altice |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,549,909 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 84,797,884 |
| Unsecured Loans | 6,824,299 |
| Other Loans | 105,932,051 |
| TOTAL LOANS | 197,554,234 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -422,560 |
| Land And Building | 12,371,802 |
| Other Fixed Assets | 1,180,985 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,182,292 |
| All Other Assets | 0 |
| TOTAL ASSETS | 275,465,840 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,344,505 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,252,200 |
| Regular shares | 115,443,220 |
| All Other Shares & Deposits | 69,895,682 |
| TOTAL SHARES & DEPOSITS | 243,591,103 |
| TOTAL LIABILITIES | 246,935,608 |
| Regular Reserve | 0 |
| Other Reserves | 2,339,489 |
| Undivided Earnings | 26,190,743 |
| TOTAL EQUITY | 28,530,232 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 275,465,840 |
| INCOME & EXPENSE | |
| Loan Income | 7,922,095 |
| Investment Income | 1,061,760 |
| Other Income | 1,338,925 |
| Total Employee Compensation & Benefits | 4,366,612 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,331,745 |
| Non-operating Income & (Expense) | -13,341 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 373,616 |
| Cost of Funds | 1,872,634 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,048,663 |
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