New Horizon Federal Credit Union


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

New Horizon Federal Credit Union is headquartered in Barberton and is the 119th largest credit union in the state of Ohio. It is also the 2,724th largest credit union in the nation. It was established in 1935 and as of December of 2023, it had grown to 12 employees and 2,965 members at 4 locations. New Horizon Federal Credit Union's CD rates are 5X the national average, and it 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

Related Posts

12-Month Jumbo CD, 5.80% APY - 12/29/2023

12-month Jumbo CD, 5.80% APY, $100k minimum 12-month CD, 5.64% APY, $500 minimum Field of membership is Summit County, Ohio, including Akron metro area.

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Health
B+
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
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD1.85%
Return on Equity - YTD14.08%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$37.7MM$37.2MM
LoansQ4 2023vs Q4 2022$29.5MM$26.6MM
DepositsQ4 2023vs Q4 2022$32.5MM$32.8MM
Equity CapitalQ4 2023vs Q4 2022$4.9MM$4.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$361K$459K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$132K$70K
Real Estate OwnedQ4 2023vs Q4 2022$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
0.45%*$100k*-Regular Share
OTHER TIERS: 0.15% $500 - $50k | 0.25% $50k - $75k | 0.35% $75k - $100k
0.40%$100-Christmas / Holiday Club
0.15%$500-Travel / Vacation Club

New Horizon Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.96%$100k-6 Month Jumbo CD
4.86%$500-6 Month CD
4.49%$100k-12 Month Jumbo CD
4.33%$500-12 Month CD
4.28%$100k-18 Month Jumbo CD
4.07%$500-18 Month CD
4.07%$100k-24 Month Jumbo CD
3.82%$500-24 Month CD

New Horizon Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%*$100k*-12 Month CD
OTHER TIERS: 4.59% $500 - $100k
Locations


New Horizon Federal Credit Union Locations
Branch Office180 2nd St SWBarberton, OH 44203
Branch Office4160 S Cleveland Massillon RdNorton, OH 44203
Branch Office555 Barber RdBarberton, OH 44203
Branch Office31 Hanna PkwyCoventry Township, OH 44319-1173

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