Sep, 30, 2025 — NEW HORIZON FEDERAL CREDIT UNION is a federal credit union headquartered in BARBERTON, OH with 5 branch locations and about $40.85 million in total assets. Opened 91 years ago in 1935, NEW HORIZON FEDERAL CREDIT UNION has about 3,141 members and employs 17 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 180 2nd St SW BARBERTON, OH 44203 |
| Phone: | (330) 745-8897 |
| Fax: | (330) 745-8055 |
| Website: | https://www.newhorizonfcu.com |
| Branches: | 5 branch locations |
| Members: | 3,141 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 616 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,854,367 |
| CEO/Manager: | Michael T Heidenreich |
| Chairperson: | Mike Thomas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,757,736 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,336,671 |
| Unsecured Loans | 3,394,715 |
| Other Loans | 12,568,171 |
| TOTAL LOANS | 29,299,557 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -452,803 |
| Land And Building | 144,884 |
| Other Fixed Assets | 136,714 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 312,320 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,854,367 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 981,616 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,885,525 |
| Regular shares | 16,909,556 |
| All Other Shares & Deposits | 13,498,922 |
| TOTAL SHARES & DEPOSITS | 34,294,004 |
| TOTAL LIABILITIES | 35,275,620 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,578,747 |
| TOTAL EQUITY | 5,578,747 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,854,367 |
| INCOME & EXPENSE | |
| Loan Income | 1,468,180 |
| Investment Income | 202,623 |
| Other Income | 178,899 |
| Total Employee Compensation & Benefits | 658,152 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 725,086 |
| Non-operating Income & (Expense) | 421,200 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 218,618 |
| Cost of Funds | 459,242 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 441,315 |
| ↑ Back to Top | |