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13224 E Mansfield Ave Ste 300
Spokane Valley, WA 99216-1653

Horizon CU (WA) is headquartered in Spokane Valley and is the 16st largest credit union in the state of Washington. It is also the 379th largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 200 employees and 51,981 members. Horizon CU (WA) has a A health rating.

Field of Membership Restrictions

Persons who reside, work, or worship within the school districts of the State of Washington. Persons who reside, work, or worship within Boundary, Bonner, Kootenai, Benewah, Shoshone, Latah, Nez Perce, and Lewis Counties of Idaho. Persons who reside, work, or worship within Missoula, Granite county, lake county, Mineral, Powell, Ravalli, Sanders. Spouses of persons who died while within the field of membership of the Credit Union; employees of the Credit Union; persons retired as pensioners or annuitants from the above employment; members of their immediate families, and organizations of such persons. - See Details

Related Posts

Top 5-Year CD Rate at Horizon Credit Union in WA, ID and MT - 9/13/2013

Horizon Credit Union increased its 5-year CD yield this week to 2.22%. Minimum deposit is $1,000. The credit union also has a special 35-month CD with a 1.51% APY, but this requires a $10K minimum dep ...

Reviews (1)

Disappointed At Their Online Registration System

I was interested in Horizon CU's special 18 month CD, but couldn't find it online when opening a new acount. Then called CS, got the answer: open an account online first, then call to add this CD, besides, I have to add either a checking or saving to open the initial account. Fine, I'll do it. Tried to open a new acount, followed each steps, read all the forms, then got stuck - their registration system won't take my ID because of non-number character in it (it is a goverment-issued ID). Called back, but the CS was not able to help out either. What an intelligent system! I am totally out. Wish their business all the success.


Data for Q1 2014

Institution Health


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 Horizon CU (WA) had $4 million in non-current loans and owned real-estate with $65.98 million in equity and loan loss allowances on hand to cover it. This gives Horizon CU (WA) a Texas Ratio of 6.07% 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) experienced no significant changes from 4.35% as of March 31, 2013 to 6.07% as of March 31, 2014, resulting in a negative change of 39.45%. This indicates that the balance sheet and financial strength for Horizon CU (WA) has had no significant changes in recent periods.

Deposit Growth


In the past year, Horizon CU (WA) has increased its total deposits by $56.78 million, resulting in 11.99% 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.



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 $601.62 million in assets with $65.98 million in equity, resulting in a capitalization level of 10.97%, which is above average.

Institution Statistics

NCUA #67264
Year Chartered1948
Primary Regulator
Assets and Liabilities
Assets$601.62 million
Loans$467.14 million
Deposits$530.41 million
Equity Capital$62.79 million
Loan Loss Allowance$3.19 million
Unbacked Noncurrent Loans$3.13 million
Real Estate Owned$876,000
Historic Data - March 2013
Assets$544.43 million
Equity Capital$58.66 million
Loan Loss Allowance$3.97 million
Unbacked Noncurrent Loans$3.13 million
Real Estate Owned$353,000
Profit Margin - Quarterly
Net Interest Margin1.06%
Return on Assets0.58%
Return on Equity5.57%
Interest Income$5.67 million

Always verify rates and promotions with the bank or credit union. We are not Horizon CU (WA), we are a rate comparison website and can not provide official rates or promotions.

Horizon CU (WA) Savings Account Rates

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

0.30%$100k-Horizon Vision Money Market
0.15%$25k-Horizon Focus Money Market

Horizon CU (WA) Checking Account Rates

0.05%$1k-Bridge Horizon Checking

Horizon CU (WA) CD Rates

1.92%$1k-60 Month CD
1.51%$5k-35 Month Special CD
1.11%$1k-18 Month Special CD
1.00%$1k-48 Month CD
0.85%$250-12 Months Student 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

1.92%$500-60 Month IRA
1.00%$500-48 Month IRA
0.45%$500-36 Month IRA
0.25%$500-24 Month IRA
0.20%$500-12 Month IRA

Horizon CU (WA) has 19 locations. Click to view all Horizon CU (WA) locations.