Overview / Commentary
330-745-8897
180 2nd St SW
Barberton, OH 44203

New Horizon Federal Credit Union is headquartered in Barberton and is the 156th largest credit union in the state of Ohio. It is also the 3,343rd largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 6 employees and 2,174 members at 3 locations. New Horizon Federal Credit Union's CD rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Summit County, Ohio.
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Health
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. New Horizon Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #616
Year Chartered1935
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD5.19%
Annual Interest Income$860.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$20.2MM$19.0MM
LoansQ4 2018vs Q4 2017$13.8MM$12.2MM
DepositsQ4 2018vs Q4 2017$17.5MM$16.9MM
Equity CapitalQ4 2018vs Q4 2017$2.2MM$2.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$104.00K$66.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$90.00K$41.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Horizon Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Regular Share
OTHER TIERS: 0.25% $500 - $50k | 0.35% $50k - $75k | 0.45% $75k - $100k
0.45%$100-Christmas / Holiday Club
0.25%$500-Travel / Vacation Club

New Horizon Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.95%$500-24 Month Jumbo CD
2.70%$500-24 Month CD
2.70%$500-18 Month Jumbo CD
2.50%$500-18 Month CD
2.45%$500-12 Month Jumbo CD
2.40%$500-6 Month Jumbo CD
2.30%$500-6 Month CD
2.30%$500-12 Month CD

New Horizon Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.45%*$100k*-12 Month CD
OTHER TIERS: 2.30% $500 - $100k
Locations


New Horizon Federal Credit Union Locations
Branch Office180 2nd St SWBarberton, OH 44203
Branch Office971 Wooster Rd WBarberton, OH 44203
Branch Office1174 Battles AveAkron, OH 44314

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