New Horizons Credit Union is headquartered in Mobile and is the 21st largest credit union in the state of Alabama. It is also the 1,083rd largest credit union in the nation. It was established in 1950 and as of June of 2024, it had grown to 79 employees and 22,493 members at 8 locations. New Horizons Credit Union's CD rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in New Horizons Credit Union is open to those who live, work, worship, or attend school in
the Alabama counties of Mobile, Baldwin, Clarke, Escambia, Monroe, or Washington, or the Florida counties of Escambia, Okaloosa, or Santa Rosa.
See current membership details
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Brandon Jenkins
Mr. Jenkins was very helpful when I came into his office. He help me get my car refinanced. He is always very courteous and helpful. He is willing to help you with any needs. I highly appreciated the good service. I will be returning to that branch. I will also recommend him to my friends.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60799 |
| Year Chartered | 1950 |
| Employees | 79 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 4.03% |
| Annual Interest Income | $5.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $268.1MM$252MM |
| Loans | Q2 2024vs Q2 2023 | $176.4MM$143.7MM |
| Deposits | Q2 2024vs Q2 2023 | $221.9MM$227.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $22.1MM$18.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $364K$310K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $392K$370K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |