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  4. New Horizons Credit Union
EIN 63-0767402

New Horizons Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
90
City
Mobile
State
Alabama
Year formed
1950
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
New Horizons Credit Union strives to promote thrift among its members and create a source of credit for them at legitimate rates. It offers financial services such as savings and checking accounts, along with consumer loans to its members residing in Mobile, Baldwin and Clark counties in Alabama. The credit union presents a range of competitive savings products like money market, certificate of deposit accounts, IRA savings and certificate of deposit accounts. Moreover, it provides consumer and mortgage lending products at reasonable rates to fulfill the financial requirements of its members.
Related structure
New Horizons Credit Union is child organization, under the parent exemption from Alabama Credit Union Administration.
Also known as...
Credit Unions in the State of Alabama New Horizons
Total revenues
$11,191,194
2022
Total expenses
$9,043,007
2022
Total assets
$254,296,343
2022
Num. employees
90
2022

Program areas at New Horizons Credit Union

In our efforts to promote thrift among our members, the Credit Union provides competitive savings products, which include savings, checking, money market, certificate of deposit accounts as well as ira savings and certificate of deposit accounts.
To meet the financial needs of our members, the Credit Union provides a source of Credit by offering a variety of consumer and mortgage lending products at reasonable rates of interest.

Personnel at New Horizons Credit Union

NameTitleCompensation
Edith G FranklinPresident and Chief Executive Officer$198,895
Deloris BagsbySecretary$0
Craig JonesTreasurer$0
Linda BrownVice - Chairperson$0
Ralph AlticeVice Chairman / Director$0
...and 5 more key personnel

Financials for New Horizons Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$9,793,801
Investment income and dividends$1,200,442
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$196,951
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,191,194

Form 990s for New Horizons Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2018-122020-02-19990View PDF
2017-122018-12-22990View PDF
...and 8 more Form 990s

Organizations like New Horizons Credit Union

OrganizationLocationRevenue
Tuscaloosa Credit UnionTuscaloosa, AL$4,141,284
Fort McClellan Credit Union (FMCU)Anniston, AL$8,315,286
Mobile Educators Credit UnionMobile, AL$3,200,193
Alabama Central Credit UnionBirmingham, AL$10,136,034
Riverfall Credit UnionTuscaloosa, AL$6,975,921
Alatrust Credit UnionHoover, AL$8,462,340
Family Savings Credit UnionRainbow City, AL$50,899,243
eCO Credit UnionBirmingham, AL$7,754,194
Alabama Teachers Credit Union (ATCU)Gadsden, AL$23,248,388
Heritage South Credit UnionSylacauga, AL$9,575,524
Data update history
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 5 new personnel
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
622 Azalea Rd
Mobile, AL 36609
Metro area
Mobile, AL
County
Mobile County, AL
Website URL
newhcu.org/ 
Phone
(251) 316-3240
IRS details
EIN
63-0767402
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1950
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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