Dec, 31, 2023 — HORIZON CREDIT UNION is a federally insured state chartered credit union headquartered in KINGSPORT, TN with 4 branch locations and about $59.88 million in total assets. Opened 92 years ago in 1932, HORIZON CREDIT UNION has about 4,384 members and employs 22 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) | 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: | 4,384 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68138 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1932 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $59,876,424 |
CEO/Manager: | Mark A Drinnon |
Chairperson: | Cindy Humphrey |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,667,163 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 25,987,959 |
Unsecured Loans | 1,933,559 |
Other Loans | 12,448,903 |
TOTAL LOANS | 41,101,054 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -187,540 |
Land And Building | 1,564,195 |
Other Fixed Assets | 112,124 |
NCUSIF Deposit | 533,042 |
All Other Assets | 0 |
TOTAL ASSETS | 59,876,424 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -5,778 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,904,602 |
Regular shares | 24,991,468 |
All Other Shares & Deposits | 14,598,758 |
TOTAL SHARES & DEPOSITS | 53,494,828 |
TOTAL LIABILITIES | 53,489,050 |
Regular Reserve | 0 |
Other Reserves | 4,181,863 |
Undivided Earnings | 2,205,511 |
TOTAL EQUITY | 6,387,374 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,876,424 |
INCOME & EXPENSE | |
Loan Income | 1,953,717 |
Investment Income | 185,762 |
Other Income | 792,075 |
Total Employee Compensation & Benefits | 1,448,509 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,202,463 |
Non-operating Income & (Expense) | 573,632 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 245,698 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 628,060 |
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