NEW HORIZONS CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.newhorizonscu.com for more information.
Dec, 31, 2023 — NEW HORIZONS CREDIT UNION is a federally insured state chartered credit union headquartered in CINCINNATI, OH with 5 branch locations and about $41.87 million in total assets. Opened 90 years ago in 1934, NEW HORIZONS CREDIT UNION has about 4,453 members and employs 10 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) | 637 VINE STREET CINCINNATI, OH 45202 |
| Phone: | (513) 562-6600 |
| Fax: | (513) 562-6629 |
| Website: | https://www.newhorizonscu.com |
| Branches: | 5 branch locations |
| Members: | 4,453 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63307 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $41,868,319 |
| CEO/Manager: | Terri L Van Antwerp |
| Chairperson: | Polina Ruuge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,795,825 |
| TOTAL INVESTMENTS | 6,754,053 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,667,247 |
| Unsecured Loans | 3,354,259 |
| Other Loans | 5,961,062 |
| TOTAL LOANS | 25,902,072 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -363,362 |
| Land And Building | 0 |
| Other Fixed Assets | 91,338 |
| NCUSIF Deposit | 383,331 |
| All Other Assets | 305,062 |
| TOTAL ASSETS | 41,868,319 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 118,918 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,324,059 |
| Regular shares | 11,876,285 |
| All Other Shares & Deposits | 20,112,034 |
| TOTAL SHARES & DEPOSITS | 39,312,378 |
| TOTAL LIABILITIES | 39,431,296 |
| Regular Reserve | 1,745,774 |
| Other Reserves | 2,257 |
| Undivided Earnings | 688,992 |
| TOTAL EQUITY | 2,437,023 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,868,319 |
| INCOME & EXPENSE | |
| Loan Income | 990,856 |
| Investment Income | 15,881 |
| Other Income | 266,970 |
| Total Employee Compensation & Benefits | 481,990 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 704,012 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 172,846 |
| Cost of Funds | 284,473 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -242,271 |
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