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New Horizon Federal Credit Union


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

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 2,678th largest credit union in the nation. It was established in 1935 and as of June of 2024, it had grown to 14 employees and 3,029 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+

Data as of Q2 2024

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. New Horizon Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #616
Year Chartered1935
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD9.43%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$39MM$37.4MM
LoansQ2 2024vs Q2 2023$31.2MM$27.7MM
DepositsQ2 2024vs Q2 2023$33.9MM$32.2MM
Equity CapitalQ2 2024vs Q2 2023$5.1MM$4.3MM
Loan Loss AllowanceQ2 2024vs Q2 2023$469K$409K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$41K$146K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not New Horizon Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
5.54%*$100k*-12 Month CD
OTHER TIERS: 5.38% → $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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