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HORIZONS FEDERAL CREDIT UNION

Dec, 31, 2023 — HORIZONS FEDERAL CREDIT UNION is a federal credit union headquartered in BINGHAMTON, NY with 4 branch locations and about $141.26 million in total assets. Opened 87 years ago in 1937, HORIZONS FEDERAL CREDIT UNION has about 13,047 members and employs 30 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 FEDERAL CREDIT UNION
Address:
(Main Office)
120 MAIN ST
BINGHAMTON, NY 13905
Phone:(607) 724-5876
Fax:(607) 724-0613
Website:https://www.horizonsfcu.com
Branches:4 branch locations
Members:13,047
Credit Union Type:Federal Credit Union
Charter Number:2041
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$141,256,897
CEO/Manager:Mario DiFulvio
Chairperson:Richard Felo

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,929,983
TOTAL INVESTMENTS 14,439,153
Loans Held for Sale 0
 
 Real Estate Loans 30,879,566
 Unsecured Loans 6,144,885
 Other Loans 77,857,221
 TOTAL LOANS 114,881,672
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,523,103
 Land And Building 1,563,477
 Other Fixed Assets 73,062
 NCUSIF Deposit 1,229,190
 All Other Assets 2,663,463
  TOTAL ASSETS 141,256,897
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 590,341
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,997,552
 Regular shares 58,692,173
 All Other Shares & Deposits 44,853,964
  TOTAL SHARES & DEPOSITS 127,543,689
  TOTAL LIABILITIES 128,134,030
 Regular Reserve 1,471,278
 Other Reserves 0
 Undivided Earnings 11,651,589
  TOTAL EQUITY 13,122,867
  TOTAL LIABILITIES, SHARES, & EQUITY 141,256,897
INCOME & EXPENSE  
 Loan Income 3,409,279
 Investment Income 216,546
 Other Income 436,043
 Total Employee Compensation & Benefits 1,538,290
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,376,159
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 900,837
 Cost of Funds 349,802
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -554,948
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