Family Horizons Credit Union is headquartered in Indianapolis and is the 38th largest credit union in the state of Indiana. It is also the 1,607th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 28 employees and 10,709 members. Family Horizons Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.
Must live or work in one of the following Indiana counties: Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion (except Center Township), Morgan or Shelby. - See Details
No reviews have been left for this bank yet. Be the first to review.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Family Horizons Credit Union had $541,000 in non-current loans and owned real-estate with $9.64 million in equity and loan loss allowances on hand to cover it. This gives Family Horizons Credit Union a Texas Ratio of 5.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Family Horizons Credit Union experienced no significant changes from 5.92% as of December 31, 2012 to 5.61% as of December 31, 2013, resulting in a positive change of 5.31%.This indicates that the balance sheet and financial strength for Family Horizons Credit Union has had no significant changes in recent periods.
In the past year, Family Horizons Credit Union has decreased its total deposits by -$3.28 million, resulting in -4.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Family Horizons Credit Union has shown is below average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Family Horizons Credit Union has $88.15 million in assets with $9.64 million in equity, resulting in a capitalization level of 10.94%, which is above average.
|Assets and Liabilities|
|Equity Capital||$9.03 million|
|Loan Loss Allowance||$613,000|
|Unbacked Noncurrent Loans||$458,000|
|Real Estate Owned||$83,000|
|Historic Data - December 2012|
|Equity Capital||$8.64 million|
|Loan Loss Allowance||$760,000|
|Unbacked Noncurrent Loans||$458,000|
|Real Estate Owned||$94,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.32%|
|Return on Assets||0.11%|
|Return on Equity||1.11%|
|Interest Income||$3.61 million|
Always verify rates and promotions with the bank or credit union. We are not Family Horizons Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.10%||-||-||Christmas Club Savings Account|
|0.05%||-||-||Regular Savings Account|
|0.50%||$200k||-||Money Market Savings Account|
|1.15%||$2,500||-||60 Month Share Certificate|
|0.95%||$2,500||-||48 Month Share Certificate|
|0.75%||$2,500||-||36 Month Share Certificate|
|0.65%||$2,500||-||24 Month Share Certificate|
|0.40%||$2,500||-||12 Month Share Certificate|
|0.15%||$2,500||-||6 Month Share Certificate|
|0.10%||$2,500||-||3 Month Share Certificate|
|1.26%||$1k||-||60 Month IRA Share Certificate (Traditional,Roth)|
|1.16%||$1k||-||48 Month IRA Share Certificate (Traditional,Roth)|
|0.85%||$1k||-||36 Month IRA Share Certificate (Traditional,Roth)|
|0.75%||$1k||-||24 Month IRA Share Certificate (Traditional,Roth)|
|0.50%||$1k||-||12 Month IRA Share Certificate (Traditional,Roth)|
|Family Horizons Credit Union Locations|
|Branch Office||216 W Muskegon Dr||Greenfield, IN 46140-3070|
|Branch Office||6665 E 21st St||Indianapolis, IN 46219|