Family Horizons Credit Union is headquartered in Indianapolis and is the 35th largest credit union in the state of Indiana. It is also the 1,576th largest credit union in the nation. It was established in 1954 and as of June of 2013, it had grown to 24 employees and 11,703 members. Family Horizons Credit Union's money market rates are 14% higher than the national average, and it has a A 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
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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 June 30, 2013 Family Horizons Credit Union had $355,000 in non-current loans and owned real-estate with $9.56 million in equity and loan loss allowances on hand to cover it. This gives Family Horizons Credit Union a Texas Ratio of 3.71% 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 decreased dramatically from 6.06% as of June 30, 2012 to 3.71% as of June 30, 2013, resulting in a positive change of 38.69%.This indicates that the balance sheet and financial strength for Family Horizons Credit Union has improved dramatically in recent periods.
In the past year, Family Horizons Credit Union has decreased its total deposits by $-44,000, resulting in -0.05% 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 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 $91.93 million in assets with $9.56 million in equity, resulting in a capitalization level of 10.40%, which is above average.
|Assets and Liabilities|
|Equity Capital||$8.87 million|
|Loan Loss Allowance||$689,000|
|Unbacked Noncurrent Loans||$272,000|
|Real Estate Owned||$83,000|
|Historic Data - June 2012|
|Equity Capital||$8.52 million|
|Loan Loss Allowance||$724,000|
|Unbacked Noncurrent Loans||$272,000|
|Real Estate Owned||$119,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.19%|
|Return on Assets||0.05%|
|Return on Equity||0.47%|
|Interest Income||$1.80 million|
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|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|
|1.26%||$1k||-||60 Month Roth IRA Share Certificate|
|1.16%||$1k||-||48 Month IRA Share Certificate|
|1.16%||$1k||-||48 Month Roth IRA Share Certificate|
|0.85%||$1k||-||36 Month IRA Share Certificate|
|0.85%||$1k||-||36 Month Roth IRA Share Certificate|
|0.75%||$1k||-||24 Month IRA Share Certificate|
|0.75%||$1k||-||24 Month Roth IRA Share Certificate|
|0.50%||$1k||-||12 Month IRA Share Certificate|
|0.50%||$1k||-||12 Month Roth IRA Share Certificate|
|Family Horizons Credit Union Locations|
|Branch Office||216 W Muskegon Dr||Greenfield, IN 46140-3070|
|Branch Office||6665 E 21st St||Indianapolis, IN 46219|