NEW HORIZONS Credit Union Profile

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NEW HORIZONS

Charter #60799 | NCUA Region 2 | FISCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (251) 316-3240

Fax: (251) 665-5323

Founding Date: N/A

Website: http://www.newhcu.org

Personnel & Operations

President: Altice, Ralph

Manager: Franklin, Edith

FT Employees: 80

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 7

Hours: M-F 8:00 AM - 5:00 PM

Credit Union Profile Summary

NEW HORIZONS is a FISCU Credit Union. With a total of 22,854 members ^[1], this institution manages approximately $273,409,705 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 10.17% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 8.75% ^[1].

Financial Snapshot

Total Assets ^[1]

$273,409,705

Total economic resources.

Total Loans ^[1]

$191,878,170

Total value of outstanding loans.

Total Deposits ^[1]

$240,265,116

Total funds deposited by members.

Members ^[1]

22,854

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

10.17%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

0.53%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

79.86%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 1.97%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↑ 8.75%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↑ 1.60%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

622 AZALEA RD

MOBILE, AL, 36609-1530

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 6 branches reported by NEW HORIZONS (Charter #60799).

Main Office

Administration Main Office

Type: Corporate Office

Type: Branch Office

3385 Schillinger Rd N Ste 19

Semmes, AL 36575-5494

Phone: (251) 316-3240

Services: Member Services, ATM, Drive-Thru

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