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800-944-0423
6665 E 21st St
Indianapolis, IN 46219

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.

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

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Health

Data for Q4 2013

Institution Health

B+
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

GRADE:
A+

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.

Texas Ratio Trend

GRADE:
C+

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.

Deposit Growth

GRADE:
C-

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.

Capitalization

GRADE:
B+

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.

Institution Statistics

Overall
NCUA #64942
Year Chartered1954
Employees28
Primary Regulator
Assets and Liabilities
Assets$88.15 million
Loans$70.02 million
Deposits$78.63 million
Equity Capital$9.03 million
Loan Loss Allowance$613,000
Unbacked Noncurrent Loans$458,000
Real Estate Owned$83,000
Historic Data - December 2012
Assets$91.15 million
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 Margin4.32%
Return on Assets0.11%
Return on Equity1.11%
Interest Income$3.61 million
Rates
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Family Horizons Credit Union Savings Account Rates

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

Family Horizons Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$200k-Money Market Savings Account

Family Horizons Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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)
Locations


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