Dec, 31, 2023 — HORIZON CREDIT UNION is a federally insured state chartered credit union headquartered in SPOKANE VALLEY, WA with 31 branch locations and about $2.05 billion in total assets. Opened 76 years ago in 1948, HORIZON CREDIT UNION has about 112,336 members and employs 415 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HORIZON CREDIT UNION |
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Address: (Main Office) | 13224 E Mansfield Ave Ste 300 SPOKANE VALLEY, WA 99216 |
Phone: | (509) 928-6494 |
Fax: | (509) 928-9475 |
Website: | https://www.hzcu.org |
Branches: | 31 branch locations |
Members: | 112,336 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67264 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,054,897,394 |
CEO/Manager: | Jeffry W Adams |
Chairperson: | Steve Sharon |
ASSETS: | $ Amount |
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Cash & Equivalents | 174,812,413 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 441,208,996 |
Unsecured Loans | 33,819,027 |
Other Loans | 1,231,367,804 |
TOTAL LOANS | 1,706,395,827 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,300,119 |
Land And Building | 41,568,315 |
Other Fixed Assets | 14,355,028 |
NCUSIF Deposit | 16,965,013 |
All Other Assets | 2,530,334 |
TOTAL ASSETS | 2,054,897,394 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 105,401 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 25,308,061 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 336,037,634 |
Regular shares | 446,529,080 |
All Other Shares & Deposits | 1,006,371,744 |
TOTAL SHARES & DEPOSITS | 1,788,938,458 |
TOTAL LIABILITIES | 1,814,441,655 |
Regular Reserve | 0 |
Other Reserves | 91,415,783 |
Undivided Earnings | 149,039,956 |
TOTAL EQUITY | 240,455,739 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,054,897,394 |
INCOME & EXPENSE | |
Loan Income | 82,469,745 |
Investment Income | 13,416,575 |
Other Income | 6,438,725 |
Total Employee Compensation & Benefits | 39,672,205 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 29,483,419 |
Non-operating Income & (Expense) | -1,259,358 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,277,765 |
Cost of Funds | 28,929,114 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,644,901 |
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» See also Statement of Financial Condition