Dec, 31, 2022 — FINANCIAL HORIZONS CREDIT UNION is a non-federally insured state credit union headquartered in HAWTHORNE, NV with 4 branch locations and about $285.09 million in total assets. Opened 76 years ago in 1947, FINANCIAL HORIZONS CREDIT UNION has about 12,820 members and employs 46 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 |
|---|---|
| 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: | 12,820 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 86755 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Feb 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $285,092,838 |
| CEO/Manager: | Theresa Lupori |
| Chairperson: | James M Scott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,946,161 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,499,289 |
| Unsecured Loans | 7,044,591 |
| Other Loans | 67,770,921 |
| TOTAL LOANS | 120,314,801 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -676,943 |
| Land And Building | 4,147,883 |
| Other Fixed Assets | 243,281 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 285,092,838 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,164 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,562,234 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 81,252,425 |
| Regular shares | 74,703,555 |
| All Other Shares & Deposits | 117,423,352 |
| TOTAL SHARES & DEPOSITS | 273,379,332 |
| TOTAL LIABILITIES | 274,943,730 |
| Regular Reserve | 0 |
| Other Reserves | -12,640,511 |
| Undivided Earnings | 22,789,619 |
| TOTAL EQUITY | 10,149,108 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 285,092,838 |
| INCOME & EXPENSE | |
| Loan Income | 3,779,791 |
| Investment Income | 1,901,650 |
| Other Income | 624,422 |
| Total Employee Compensation & Benefits | 2,185,623 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,701,663 |
| Non-operating Income & (Expense) | -65,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,000 |
| Cost of Funds | 286,620 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,159,104 |
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