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Overview / Commentary
211 High Street
West Point, MS 39773

New Horizons CU (MS) is headquartered in WEST POINT and is the 47th largest credit union in the state of Mississippi. It is also the 4,756th largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 6 employees and 2,841 members. New Horizons CU (MS) has a B+ health rating.

Reviews (1)

Personal Service


I have had the pleasure of being a member of New Horizon,I use the Eupora branch,and it is truly still a bank where they know your name,you feel part of a family.They go out of their way to ensure your business is handled quickly and efficently. 



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. New Horizons CU (MS) has a very 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 New Horizons CU (MS) had $5,000 in non-current loans and owned real-estate with $1.72 million in equity and loan loss allowances on hand to cover it. This gives New Horizons CU (MS) a Texas Ratio of 0.29% 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 New Horizons CU (MS) decreased dramatically from 1.67% as of December 31, 2012 to 0.29% as of December 31, 2013, resulting in a positive change of 82.57%.This indicates that the balance sheet and financial strength for New Horizons CU (MS) has improved dramatically in recent periods.

Deposit Growth


In the past year, New Horizons CU (MS) has increased its total deposits by $509,000, resulting in 8.8% 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 CU (MS) has shown is excellent.



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 CU (MS) has $8.01 million in assets with $1.72 million in equity, resulting in a capitalization level of 21.42%, which is excellent.

Institution Statistics

NCUA #63808
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$8.01 million
Loans$3.45 million
Deposits$6.29 million
Equity Capital$1.72 million
Loan Loss Allowance$1,000
Unbacked Noncurrent Loans$5,000
Real Estate Owned$0
Historic Data - December 2012
Assets$7.51 million
Equity Capital$1.72 million
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$5,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.61%
Return on Assets-0.06%
Return on Equity-0.29%
Interest Income$286,000

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New Horizons CU (MS) Locations
Branch Office106 N JEFFERSON STHOUSTON, MS 38851
Branch Office211 HIGH STWEST POINT, MS 39773-2852
Branch Office631 W FOX AVEEUPORA, MS 39744