Dec, 31, 2023 — FAMILY HORIZONS CREDIT UNION is a federally insured state chartered credit union headquartered in INDIANAPOLIS, IN with 2 branch locations and about $94.33 million in total assets. Opened 70 years ago in 1954, FAMILY HORIZONS CREDIT UNION has about 10,958 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FAMILY HORIZONS CREDIT UNION |
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Address: (Main Office) | 6665 E 21st St INDIANAPOLIS, IN 46219 |
Phone: | (317) 352-0423 |
Fax: | (317) 352-0524 |
Website: | https://www.familyhorizons.com |
Branches: | 2 branch locations |
Members: | 10,958 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64942 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $94,331,724 |
CEO/Manager: | Keith Wright |
Chairperson: | Charles Hoffman |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,594,373 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,918,337 |
Unsecured Loans | 1,702,023 |
Other Loans | 59,526,786 |
TOTAL LOANS | 67,147,146 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -748,517 |
Land And Building | 859,481 |
Other Fixed Assets | 139,341 |
NCUSIF Deposit | 772,425 |
All Other Assets | 0 |
TOTAL ASSETS | 94,331,724 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,000,000 |
Accounts Payable & Other Liabilities | 1,107,579 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,180,821 |
Regular shares | 40,304,332 |
All Other Shares & Deposits | 18,717,904 |
TOTAL SHARES & DEPOSITS | 78,203,057 |
TOTAL LIABILITIES | 84,310,636 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,021,088 |
TOTAL EQUITY | 10,021,088 |
TOTAL LIABILITIES, SHARES, & EQUITY | 94,331,724 |
INCOME & EXPENSE | |
Loan Income | 2,937,386 |
Investment Income | 509,506 |
Other Income | 646,639 |
Total Employee Compensation & Benefits | 2,202,442 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,977,887 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 229,300 |
Cost of Funds | 347,585 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 88,732 |
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