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.
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
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.
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.
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.
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.
|Assets and Liabilities|
|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|
|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 Margin||1.06%|
|Return on Assets||0.58%|
|Return on Equity||5.57%|
|Interest Income||$5.67 million|
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|0.05%||$5k||-||Health Checking Account|
|0.05%||$250||-||Value Share Savings|
|0.05%||$500||-||Overdraft Share Savings|
|0.30%||$100k||-||Horizon Vision Money Market|
|0.15%||$25k||-||Horizon Focus Money Market|
|0.05%||$1k||-||Bridge Horizon Checking|
|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|
|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|