New Horizons Credit Union

New Horizons Credit Union is headquartered in Mobile and is the 20^th largest credit union in the state of Alabama. It is also the 906^th largest credit union in the nation. It was established in 1950 and as of September of 2011, it had grown to 61 employees and 32,329 members. New Horizons Credit Union has a 3-star health rating.

Related Posts

New Horizons Credit Union Checking Account Rates

New Horizons Credit Union Savings Account Rates

New Horizons Credit Union Money Market Rates

New Horizons Credit Union CD Rates

New Horizons Credit Union IRA Rates

Data for Q3 2011

Institution Statistics NEW HORIZONS NCUA # 60799 BankRate Report View Year Established 1950 Employees 61 Primary Regulator Assets and Liabilities Assets $184.92 million Loans $103.02 million Deposits $166.30 million Equity Capital $15.15 million Loan Loss Allowance $1.81 million Unbacked Noncurrent Loans $3.28 million Real Estate Owned $126,000 Historic Data - September 2010 Assets $182.26 million Equity Capital $13.71 million Loan Loss Allowance $2.89 million Unbacked Noncurrent Loans $1.49 million Real Estate Owned $371,000 Profit Margin - Quarterly Net Interest Margin 4.33% Return on Assets 0.94% Return on Equity 11.45% Interest Income $5.34 million Non-Interest Income $3.20 million

Institution Health Overall Score: 3 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 September 30, 2011 New Horizons Credit Union had $3.41 million in non-current loans and owned real-estate with $16.96 million in equity and loan loss allowances on hand to cover it. This gives New Horizons Credit Union a Texas Ratio of 20.09% which is 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 increased slightly from 11.22% as of September 30, 2010 to 20.09% as of September 30, 2011, resulting in a negative change of 79.09%. This indicates that the balance sheet and financial strength for New Horizons Credit Union has declined slightly in recent periods. Deposit Growth In the past year, New Horizons Credit Union has increased its total deposits by $725,000, resulting in 0.44% 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 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. New Horizons Credit Union has $184.92 million in assets with $16.96 million in equity, resulting in a capitalization level of 9.17%, which is average.

No reviews have been left for this bank yet. Be the first to review.