Overview / Commentary
New Horizons Credit Union is headquartered in Mobile and is the 21st largest credit union in the state of Alabama. It is also the 1,089th largest credit union in the nation. It was established in 1950 and as of September of 2022, it had grown to 70 employees and 24,207 members at 6 locations. New Horizons Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Escambia, Santa Rosa or Okaloosa counties in Florida or Mobile, Baldwin, Washington, Clarke, Escambia, or Monroe counties in Alabama.
See current membership details
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Health
B+
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60799 |
| Year Chartered | 1950 |
| Employees | 70 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 11.83% |
| Annual Interest Income | $4.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $257.9MM$255.3MM |
| Loans | Q3 2022vs Q3 2021 | $138.1MM$126.2MM |
| Deposits | Q3 2022vs Q3 2021 | $241.3MM$236.7MM |
| Equity Capital | Q3 2022vs Q3 2021 | $17.3MM$18.5MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $339.00K$503.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $309.00K$263.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |