Dec, 31, 2023 — HORIZONS NORTH CREDIT UNION is a federally insured state chartered credit union headquartered in WESTMINSTER, CO with 1 branch location and about $117.18 million in total assets. Opened 64 years ago in 1960, HORIZONS NORTH CREDIT UNION has about 7,009 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HORIZONS NORTH CREDIT UNION |
|---|---|
| Address: (Main Office) | 13559 Huron St WESTMINSTER, CO 80234-1161 |
| Phone: | (303) 451-1146 |
| Fax: | (303) 450-7422 |
| Website: | https://www.hncu.org |
| Branches: | 1 branch locations |
| Members: | 7,009 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68274 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $117,181,333 |
| CEO/Manager: | Bradley H Harvey |
| Chairperson: | Rob Webber |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,369,066 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,390,253 |
| Unsecured Loans | 1,936,448 |
| Other Loans | 32,161,028 |
| TOTAL LOANS | 87,487,729 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -130,381 |
| Land And Building | 6,617,924 |
| Other Fixed Assets | 518,992 |
| NCUSIF Deposit | 1,020,014 |
| All Other Assets | 0 |
| TOTAL ASSETS | 117,181,333 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,500,000 |
| Accounts Payable & Other Liabilities | -580,458 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,937,218 |
| Regular shares | 32,953,880 |
| All Other Shares & Deposits | 44,689,092 |
| TOTAL SHARES & DEPOSITS | 104,580,190 |
| TOTAL LIABILITIES | 107,499,732 |
| Regular Reserve | 0 |
| Other Reserves | -8,350 |
| Undivided Earnings | 9,689,951 |
| TOTAL EQUITY | 9,681,601 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,181,333 |
| INCOME & EXPENSE | |
| Loan Income | 4,258,754 |
| Investment Income | 346,068 |
| Other Income | 433,259 |
| Total Employee Compensation & Benefits | 1,812,158 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,811,242 |
| Non-operating Income & (Expense) | 228,623 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -21,237 |
| Cost of Funds | 1,143,992 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 185,946 |
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» See also Statement of Financial Condition