Institution Statistics
| NEW HORIZONS | | NCUA # | 63307 | | BankRate Report | View | | Year Chartered | 1934 | | Employees | 23 | | Primary Regulator | |
Assets and Liabilities | | Assets | $43.87 million | | Loans | $24.06 million | | Deposits | $39.36 million | | Equity Capital | $3.89 million | | Loan Loss Allowance | $841,000 | | Unbacked Noncurrent Loans | $1.39 million | | Real Estate Owned | $246,000 |
Historic Data - December 2010 | | Assets | $47.63 million | | Equity Capital | $4.71 million | | Loan Loss Allowance | $987,000 | | Unbacked Noncurrent Loans | $826,000 | | Real Estate Owned | $119,000 |
Profit Margin - Quarterly | | Net Interest Margin | 6.12% | | Return on Assets | -1.86% | | Return on Equity | -20.95% | | Interest Income | $1.92 million | | Non-Interest Income | $594,000 |
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Institution Health
Overall Score:
2 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, 2011 New Horizons Credit Union (OH) had $1.63 million in non-current loans and owned real-estate with $4.73 million in equity and loan loss allowances on hand to cover it. This gives New Horizons Credit Union (OH) a Texas Ratio of 34.49% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for New Horizons Credit Union (OH) increased slightly from 16.59% as of December 31, 2010 to 34.49% as of December 31, 2011, resulting in a negative change of 107.88%. This indicates that the balance sheet and financial strength for New Horizons Credit Union (OH) has declined slightly in recent periods. | | Deposit Growth |  | | In the past year, New Horizons Credit Union (OH) has decreased its total deposits by -$3.23 million, resulting in -7.58% 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 New Horizons Credit Union (OH) has shown is poor. | | 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. New Horizons Credit Union (OH) has $43.87 million in assets with $4.73 million in equity, resulting in a capitalization level of 10.79%, which is above average. |
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