Overview / Commentary
New Horizon Federal Credit Union is headquartered in Barberton and is the 118th largest credit union in the state of Ohio. It is also the 2,651st largest credit union in the nation. It was established in 1935 and as of March of 2025, it had grown to 12 employees and 3,069 members at 5 locations. New Horizon Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
New Horizon Federal Credit Union is open to those who live, work, worship, or attend to school in Summit County, Ohio.
See current membership details
Health
B+
Data as of Q1 2025
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. New Horizon Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 616 |
| Year Chartered | 1935 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 3.33% |
| Annual Interest Income | $541K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $39.5MM$39MM |
| Loans | Q1 2025vs Q1 2024 | $29.6MM$30.8MM |
| Deposits | Q1 2025vs Q1 2024 | $33.4MM$33.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $5.2MM$4.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $361K$326K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $140K$104K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |