Overview / Commentary
Horizon Credit Union (TN) is headquartered in Kingsport and is the 52nd largest credit union in the state of Tennessee. It is also the 2,254th largest credit union in the nation. It was established in 1932 and as of March of 2021, it had grown to 23 employees and 4,900 members at 4 locations. Horizon Credit Union (TN) has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees of the City of Kingsport, City of Church Hill, City of Mount Carmel, Wesco, AGC Industries and subsidiaries, U.S. Post Office (Kingsport), and many select employer groups within a 100-mile radius of Kingsport, Tennessee.
See current membership details
Health
B+
Data as of Q1 2021
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Horizon Credit Union (TN) has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68138 |
| Year Chartered | 1932 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.16% |
| Return on Equity - YTD | 2.41% |
| Annual Interest Income | $496.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $64.8MM$57.6MM |
| Loans | Q1 2021vs Q1 2020 | $36.4MM$41.1MM |
| Deposits | Q1 2021vs Q1 2020 | $61.6MM$53.5MM |
| Equity Capital | Q1 2021vs Q1 2020 | $4.2MM$4.3MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $260.00K$383.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $170.00K$512.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |