Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
6665 E 21st St
Indianapolis, IN 46219

Family Horizons Credit Union is headquartered in Indianapolis and is the 39th largest credit union in the state of Indiana. It is also the 1,614st largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 26 employees and 10,643 members. Family Horizons Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

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

Related Posts

No reviews have been left for this bank yet. Be the first to review.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Family Horizons Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Family Horizons Credit Union had $339,000 in non-current loans and owned real-estate with $9.73 million in equity and loan loss allowances on hand to cover it. This gives Family Horizons Credit Union a Texas Ratio of 3.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Family Horizons Credit Union experienced no significant changes from 3.54% as of March 31, 2013 to 3.48% as of March 31, 2014, resulting in a positive change of 1.49%.This indicates that the balance sheet and financial strength for Family Horizons Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Family Horizons Credit Union has decreased its total deposits by -$2.62 million, resulting in -3.13% 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 $90.8 million in assets with $9.73 million in equity, resulting in a capitalization level of 10.72%, which is above average.

Institution Statistics

NCUA #64942
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$90.80 million
Loans$67.00 million
Deposits$81.10 million
Equity Capital$9.10 million
Loan Loss Allowance$633,000
Unbacked Noncurrent Loans$296,000
Real Estate Owned$43,000
Historic Data - March 2013
Assets$93.02 million
Equity Capital$8.82 million
Loan Loss Allowance$677,000
Unbacked Noncurrent Loans$296,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.14%
Return on Assets0.19%
Return on Equity1.89%
Interest Income$869,000
Skip to rates for:

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.

Family Horizons Credit Union Savings Account Rates

0.10%--Christmas Club Savings Account
0.05%--Regular Savings Account

Family Horizons Credit Union Money Market Rates

0.50%$200k-Money Market Savings Account

Family Horizons Credit Union CD Rates

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

Family Horizons Credit Union IRA Rates

1.26%$1k-60 Month IRA Share Certificate
1.16%$1k-48 Month IRA Share Certificate
0.85%$1k-36 Month IRA Share Certificate
0.75%$1k-24 Month IRA Share Certificate
0.50%$1k-12 Month IRA Share Certificate

Family Horizons Credit Union Locations
Branch Office216 W Muskegon DrGreenfield, IN 46140-3070
Branch Office6665 E 21st StIndianapolis, IN 46219