Dec, 31, 2023 — FINANCIAL HORIZONS CREDIT UNION is a non-federally insured state credit union headquartered in HAWTHORNE, NV with 4 branch locations and about $282.46 million in total assets. Opened 77 years ago in 1947, FINANCIAL HORIZONS CREDIT UNION has about 13,342 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FINANCIAL HORIZONS CREDIT UNION |
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Address: (Main Office) | PO Box 2288 HAWTHORNE, NV 89415 |
Phone: | (775) 945-2421 |
Fax: | (775) 945-1262 |
Website: | https://www.fhcunv.org |
Branches: | 4 branch locations |
Members: | 13,342 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 86755 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $282,462,445 |
CEO/Manager: | Theresa Lupori |
Chairperson: | James M Scott |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,640,214 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 43,011,423 |
Unsecured Loans | 7,718,989 |
Other Loans | 87,018,210 |
TOTAL LOANS | 137,748,622 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -946,952 |
Land And Building | 4,019,751 |
Other Fixed Assets | 193,304 |
NCUSIF Deposit | 0 |
All Other Assets | 105,700 |
TOTAL ASSETS | 282,462,445 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,125 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,249,561 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 76,296,269 |
Regular shares | 66,690,776 |
All Other Shares & Deposits | 121,013,708 |
TOTAL SHARES & DEPOSITS | 264,000,753 |
TOTAL LIABILITIES | 265,255,439 |
Regular Reserve | 0 |
Other Reserves | -8,307,716 |
Undivided Earnings | 25,514,722 |
TOTAL EQUITY | 17,207,006 |
TOTAL LIABILITIES, SHARES, & EQUITY | 282,462,445 |
INCOME & EXPENSE | |
Loan Income | 6,354,349 |
Investment Income | 3,731,606 |
Other Income | 952,557 |
Total Employee Compensation & Benefits | 3,313,901 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,025,314 |
Non-operating Income & (Expense) | 71,525 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 610,000 |
Cost of Funds | 1,561,550 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,255,095 |
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