Horizon CU (WA)

PO Box 15128
Spokane Valley, WA 99215
800.852.5316
www.hzcu.org

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Horizon CU (WA) is headquartered in Spokane Valley and is the 17^st largest credit union in the state of Washington. It is also the 396^th largest credit union in the nation. It was established in 1948 and as of December of 2012, it had grown to 185 employees and 49,264 members. Horizon CU (WA) has a 5-star health rating.

2.53% CD 54 Month -- HORIZON CU -- Washington (Forum) - 3/26/2011

Noticed a cd special on a flashing sign driving into Mose sLake, WA. last night. Horizon CU. 2.53% CD ---54 month. 10k min. That's all I know right now. Can not find anyt

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See Rates for: Checking | Savings | Money Market | CD | IRA

Horizon CU (WA) Checking Account Rates

	Apy	Min	Max	Product
	0.05%	$1k	-	Bridge Horizon Checking

Horizon CU (WA) Savings Account Rates

Apy	Min	Max	Product
0.05%	$5k	-	Health Checking Account
0.05%	$250	-	Value Share Savings
0.05%	-	-	Explorer Savings
0.05%	$500	-	Overdraft Share Savings
0.05%	-	-	IRA Shares

Horizon CU (WA) Money Market Rates

Apy	Min	Max	Product
0.25%	$100k	-	Horizon Vision Money Market
0.15%	$25k	-	Horizon Focus Money Market

Horizon CU (WA) CD Rates

Apy	Min	Max	Product
1.16%	$10k	-	35 Month Special CD
0.85%	$250	-	12 Months Student CD
0.80%	$10k	-	60 Month Special CD
0.60%	$10k	-	15 Month Special CD
0.55%	$1k	-	60 Month CD
0.50%	$1k	-	48 Month CD
0.45%	$1k	-	36 Month CD
0.25%	$1k	-	24 Month CD
0.20%	$1k	-	12 Month CD
0.10%	$2,500	-	6 Month CD
0.05%	$2,500	-	90 Day CD

Horizon CU (WA) IRA Rates

Apy	Min	Max	Product
0.55%	$500	-	60 Month IRA
0.55%	$500	-	60 Month Roth IRA
0.55%	$500	-	60 Month CESA
0.55%	$500	-	60 Month SEP IRA
0.50%	$500	-	48 Month IRA
0.50%	$500	-	48 Month Roth IRA
0.50%	$500	-	48 Month CESA
0.50%	$500	-	48 Month SEP IRA
0.45%	$500	-	36 Month IRA
0.45%	$500	-	36 Month Roth IRA
0.45%	$500	-	36 Month CESA
0.45%	$500	-	36 Month SEP IRA
0.25%	$500	-	24 Month IRA
0.25%	$500	-	24 Month Roth IRA
0.25%	$500	-	24 Month CESA
0.25%	$500	-	24 Month SEP IRA
0.20%	$500	-	12 Month IRA
0.20%	$500	-	12 Month Roth IRA
0.20%	$500	-	12 Month CESA
0.20%	$500	-	12 Month SEP IRA

Rates updated: 5/21/2013

Data for Q4 2012

Institution Statistics

HORIZON
NCUA #	67264
BankRate Report	View
Year Chartered	1948
Employees	185
Primary Regulator
Assets and Liabilities
Assets	$531.33 million
Loans	$389.61 million
Deposits	$465.24 million
Equity Capital	$57.98 million
Loan Loss Allowance	$4.02 million
Unbacked Noncurrent Loans	$1.91 million
Real Estate Owned	$346,000
Historic Data - December 2011
Assets	$436.86 million
Equity Capital	$51.05 million
Loan Loss Allowance	$3.93 million
Unbacked Noncurrent Loans	$1.98 million
Real Estate Owned	$702,000
Profit Margin - Quarterly
Net Interest Margin	4.57%
Return on Assets	0.63%
Return on Equity	5.75%
Interest Income	$20.83 million
Non-Interest Income	$7.39 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2012 Horizon CU (WA) had $2.25 million in non-current loans and owned real-estate with $61.99 million in equity and loan loss allowances on hand to cover it. This gives Horizon CU (WA) a Texas Ratio of 3.63% 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 Horizon CU (WA) decreased slightly from 4.87% as of December 31, 2011 to 3.63% as of December 31, 2012, resulting in a positive change of 25.45%.This indicates that the balance sheet and financial strength for Horizon CU (WA) has improved slightly in recent periods.
Deposit Growth
In the past year, Horizon CU (WA) has increased its total deposits by $84.93 million, resulting in 22.33% 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 Horizon CU (WA) has shown is excellent.
Capitalization
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. Horizon CU (WA) has $531.33 million in assets with $61.99 million in equity, resulting in a capitalization level of 11.67%, which is above average.