Horizon Credit Union (TN)

Overview / Commentary

www.myhorizoncu.org

423-530-7778

1201 N Eastman Rd
Kingsport, TN 37664

Horizon Credit Union (TN) is headquartered in Kingsport and is the 50^th largest credit union in the state of Tennessee. It is also the 2,185^th largest credit union in the nation. It was established in 1932 and as of June of 2019, it had grown to 30 employees and 6,319 members at 4 locations. Horizon Credit Union (TN)'s CD rates are 40% higher than the national average, and it 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.
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Health

B+

Data as of Q2 2019

Learn why bank health matters

Additional 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	30
Primary Regulator

Profit Margin
Return on Assets - YTD	-1.07%
Return on Equity - YTD	-15%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$58.5MM$55.3MM
Loans	Q2 2019vs Q2 2018	$45.4MM$43.8MM
Deposits	Q2 2019vs Q2 2018	$54.2MM$50.2MM
Equity Capital	Q2 2019vs Q2 2018	$4.2MM$4.8MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$483.00K$297.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$209.00K$374.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$437.00K

Rates

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Savings
Money Market
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Horizon Credit Union (TN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%	-	-	IRA Accumulation Account
0.15%	-	-	Share Savings Account
0.15%	-	-	Christmas Club Account
0.15%	-	-	Mad Money Account

Horizon Credit Union (TN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$1k	-	Money Market Account

Horizon Credit Union (TN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.38%^*	$100k^*	-	60 Month Certificate
OTHER TIERS: 2.33% → $1k - $100k
2.27%^*	$100k^*	-	48 Month Certificate
OTHER TIERS: 2.07% → $1k - $100k
2.02%^*	$100k^*	-	36 Month Certificate
OTHER TIERS: 1.97% → $1k - $100k
1.86%	$1k	-	25 Month Certificate
1.46%	$1k	-	18 Month Certificate
1.26%	$1k	-	12 Month Certificate
0.76%	$1k	-	6 Month Certificate

Horizon Credit Union (TN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.46%	-	-	18 Month IRA Certificate

Locations

Horizon Credit Union (TN) Locations
Branch Office	408 Clay St	Kingsport, TN 37660-3666
Branch Office	1201 N Eastman Rd	Kingsport, TN 37664-3163
Branch Office	600 AFG Rd	Church Hill, TN 37642
Branch Office	130 Main St W	Mt Carmel, TN 37645

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