New Horizons Credit Union

622 Azalea Road
Mobile, AL 36609
(251) 316-3240
www.newhcu.org

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New Horizons Credit Union is headquartered in Mobile and is the 21^st largest credit union in the state of Alabama. It is also the 896^th largest credit union in the nation. It was established in 1950 and as of December of 2012, it had grown to 61 employees and 33,740 members. New Horizons Credit Union has a 4-star health rating.

4.54% 12-Month CD at New Horizons Credit Union in Alabama - 11/20/2008

New Horizons Credit Union is offering a very competitive 12-month certificate yield of 4.54% APY (rate of 4.45%). Minimum deposit is $500. This is also available as an IRA certificate. Since the rate table has a 10/22/08 date, I called and confirmed this...

3.51% Reward Checking Account at New Horizons Credit Union in Alabama - 11/20/2008

Update 1/10/10: The top rate has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.New Horizons Credit Union is offering a reward checking account called Ultimate Checking. It pays 3.51% APY on balances up to $25,000 (1.01% for...

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See Rates for: Checking | Savings | Money Market | CD | IRA

New Horizons Credit Union Checking Account Rates

	Apy	Min	Max	Product
	2.02%	-	$25k	Ultimate Checking

New Horizons Credit Union Savings Account Rates

Apy	Min	Max	Product
0.40%	-	-	IRA Share Account
0.40%	-	-	Roth IRA Share Account
0.40%	-	-	CESA Share Account
0.30%	-	-	Christmas Account
0.30%	-	-	Vacation Account
0.25%	-	-	Savings Account

New Horizons Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.60%	$100k	-	Money Market Account

New Horizons Credit Union CD Rates

Apy	Min	Max	Product
1.16%	-	-	36 Month Jumbo CD
1.05%	$500	-	36 Month CD
0.95%	-	-	24 Month Jumbo CD
0.90%	$500	-	24 Month CD
0.60%	-	-	12 Month Jumbo CD
0.55%	$500	-	12 Month CD
0.40%	-	-	6 Month Jumbo CD
0.35%	$500	-	180 Day CD
0.25%	$500	-	90 Day CD

New Horizons Credit Union IRA Rates

Apy	Min	Max	Product
1.05%	$500	-	36 Month IRA
1.05%	$500	-	36 Month Roth IRA
1.05%	$500	-	36 Month CESA
0.90%	$500	-	24 Month IRA
0.90%	$500	-	24 Month Roth IRA
0.90%	$500	-	24 Month CESA
0.55%	$500	-	12 Month IRA
0.55%	$500	-	12 Month Roth IRA
0.55%	$500	-	12 Month CESA

Rates updated: 5/24/2013

Data for Q4 2012

Institution Statistics

NEW HORIZONS
NCUA #	60799
BankRate Report	View
Year Chartered	1950
Employees	61
Primary Regulator
Assets and Liabilities
Assets	$197.13 million
Loans	$91.41 million
Deposits	$178.67 million
Equity Capital	$15.24 million
Loan Loss Allowance	$1.67 million
Unbacked Noncurrent Loans	$1.92 million
Real Estate Owned	$496,000
Historic Data - December 2011
Assets	$187.86 million
Equity Capital	$15.50 million
Loan Loss Allowance	$1.64 million
Unbacked Noncurrent Loans	$3.39 million
Real Estate Owned	$126,000
Profit Margin - Quarterly
Net Interest Margin	5.33%
Return on Assets	0.18%
Return on Equity	2.27%
Interest Income	$5.93 million
Non-Interest Income	$4.53 million

Institution Health

Overall Score:

4 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, 2012 New Horizons Credit Union had $2.41 million in non-current loans and owned real-estate with $16.91 million in equity and loan loss allowances on hand to cover it. This gives New Horizons Credit Union a Texas Ratio of 14.27% which is above 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 decreased slightly from 20.53% as of December 31, 2011 to 14.27% as of December 31, 2012, resulting in a positive change of 30.47%.This indicates that the balance sheet and financial strength for New Horizons Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, New Horizons Credit Union has increased its total deposits by $9.43 million, resulting in 5.57% 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 excellent.
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 $197.13 million in assets with $16.91 million in equity, resulting in a capitalization level of 8.58%, which is average.