Horizons North Credit Union
Horizons North Credit Union is headquartered in Northglenn and is the 36th largest credit union in the state of Colorado. It is also the 1,888th largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 20 employees and 8,043 members. Horizons North Credit Union has a B+ health rating.
Field of Membership Restrictions
Must live in the Metro North area. Also open to staffs, students or parents of the Adams 12 Five Star School District. - See Details
Poor Customer Service
I was a member for over 10 years I thought the Credit Unions were different was I ever wrong. Do not use Credit Union bill pay not even them an outside company very disappointed with the service I received closed account because of it.
Data for Q4 2013
Institution Health
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, 2013 Horizons North Credit Union had $379,000 in non-current loans and owned real-estate with $6.48 million in equity and loan loss allowances on hand to cover it. This gives Horizons North Credit Union a Texas Ratio of 5.85% 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 Horizons North Credit Union decreased dramatically from 9.13% as of December 31, 2012 to 5.85% as of December 31, 2013, resulting in a positive change of 35.93%.This indicates that the balance sheet and financial strength for Horizons North Credit Union has improved dramatically in recent periods.
Deposit Growth
In the past year, Horizons North Credit Union has decreased its total deposits by $-467,000, resulting in -0.74% 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 Horizons North Credit Union has shown is average.
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. Horizons North Credit Union has $69.39 million in assets with $6.48 million in equity, resulting in a capitalization level of 9.34%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 68274 |
| Year Chartered | 1960 |
| Employees | 20 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $69.39 million |
| Loans | $43.05 million |
| Deposits | $63.01 million |
| Equity Capital | $6.10 million |
| Loan Loss Allowance | $376,000 |
| Unbacked Noncurrent Loans | $139,000 |
| Real Estate Owned | $240,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $69.75 million |
| Equity Capital | $5.98 million |
| Loan Loss Allowance | $403,000 |
| Unbacked Noncurrent Loans | $139,000 |
| Real Estate Owned | $398,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.5% |
| Return on Assets | 0.2% |
| Return on Equity | 2.23% |
| Interest Income | $2.54 million |
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Horizons North Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $25k | - | Horizons Relationship Account | |
| 0.10% | $25 | - | IRA Share Account | |
| 0.10% | $20k | - | Share Savings Account |
Horizons North Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $10k | - | Money Management Account |
Horizons North Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $2,500 | - | Interest Checking Account |
Horizons North Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | $10k | - | 60 Month Share Certificate | |
| 0.65% | $10k | - | 36 Month Share Certificate | |
| 0.50% | $10k | - | 24 Month Share Certificate | |
| 0.35% | $10k | - | 12 Month Share Certificate | |
| 0.20% | $10k | - | 6 Month Share Certificate | |
| 0.10% | $10k | - | 3 Month Share Certificate |
Horizons North Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.55% | $10k | - | 60 Month IRA Share Certificate | |
| 0.70% | $10k | - | 36 Month IRA Share Certificate | |
| 0.43% | $10k | - | 18 Month IRA Share Certificate | |
| 0.40% | $10k | - | 12 Month IRA Share Certificate |
| Horizons North Credit Union Locations | ||
|---|---|---|
| Branch Office | 11455 Pearl St | Northglenn, CO 80233 |