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Overview / Commentary
11455 Pearl St
Northglenn, CO 80233

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

Reviews (1)

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

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Horizons North Credit Union has a relatively low asset base.

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.



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

NCUA #68274
Year Chartered1960
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 Margin5.5%
Return on Assets0.2%
Return on Equity2.23%
Interest Income$2.54 million

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Horizons North Credit Union Savings Account Rates

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

0.10%$10k-Money Management Account

Horizons North Credit Union Checking Account Rates

0.05%$2,500-Interest Checking Account

Horizons North Credit Union CD Rates

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

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 Office11455 Pearl StNorthglenn, CO 80233