Sep, 30, 2025 — HORIZON CREDIT UNION is a federally insured state chartered credit union headquartered in KINGSPORT, TN with 4 branch locations and about $59.11 million in total assets. Opened 94 years ago in 1932, HORIZON CREDIT UNION has about 4,133 members and employs 23 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 |
|---|---|
| Address: (Main Office) | 1201 N Eastman Rd KINGSPORT, TN 37664-3163 |
| Phone: | (423) 530-7778 |
| Fax: | (423) 530-7779 |
| Website: | https://www.myhorizoncu.org |
| Branches: | 4 branch locations |
| Members: | 4,133 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68138 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,111,511 |
| CEO/Manager: | Mark A Drinnon |
| Chairperson: | Cindy Humphrey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,205,307 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,819,154 |
| Unsecured Loans | 1,891,176 |
| Other Loans | 10,451,276 |
| TOTAL LOANS | 41,729,977 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -152,469 |
| Land And Building | 1,517,387 |
| Other Fixed Assets | 91,297 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 519,424 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,111,511 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -287,657 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,225,321 |
| Regular shares | 23,847,919 |
| All Other Shares & Deposits | 15,479,806 |
| TOTAL SHARES & DEPOSITS | 52,553,046 |
| TOTAL LIABILITIES | 52,265,390 |
| Regular Reserve | 0 |
| Other Reserves | 1,831,807 |
| Undivided Earnings | 5,014,314 |
| TOTAL EQUITY | 6,846,121 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,111,511 |
| INCOME & EXPENSE | |
| Loan Income | 1,705,661 |
| Investment Income | 350,893 |
| Other Income | 577,744 |
| Total Employee Compensation & Benefits | 1,118,561 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 950,003 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 309,333 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 265,542 |
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