Family Horizons Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 350940662 ✦ Indianapolis, IN ✦ Designated as a 501(c)(14)

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Overview

What is Family Horizons Credit Union?

Family Horizons Credit Union is a state-chartered financial institution, situated in Indianapolis, Indiana, specifically at 6665 EAST 21ST ST. Their primary mission is to offer loan and deposit services to approximately 12,500 members. As a nonprofit organization, they provide essential financial assistance to their members within the state. The credit union employs a total of 36 individuals, committed to serving their member base.


Official website here: www.familyhorizons.com

What do the Facebook reviews say about Family Horizons Credit Union?

84% of 27 reviewers on Facebook recommend Family Horizons Credit Union. Here is a summary of their reviews:

While some individuals appreciate the services and support received, there are significant concerns regarding customer service and account management. One particularly negative experience highlighted issues with a deposit error that led to financial difficulties for a customer. Such incidents have left some clients feeling frustrated and dissatisfied with their banking experience.

Overall, the sentiment appears mixed; though a majority of reviewers do support the credit union, there are notable complaints that suggest a need for improvement in service reliability and communication.


This AI summary has been generated from reviews found on Facebook.

Is Family Horizons Credit Union legitimate?

Family Horizons Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Family Horizons Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,040,936

For more financial information, click here


Official website here: www.familyhorizons.com

What is the mission statement of Family Horizons Credit Union?

Family Horizons Credit Union, as a state-chartered institution, is committed to providing loan and deposit services to its approximately 12,500 members. Its mission is to operate as a state-chartered credit union, offering financial assistance and savings opportunities to its members. The credit union's primary objective is to cater to the financial needs of its members, offering them loan and share services. While specific details about community involvement or social causes are not provided in the information, it can be inferred that Family Horizons Credit Union aims to serve its members effectively and efficiently, fostering financial stability and growth.


Official website here: www.familyhorizons.com

Who is the CEO of Family Horizons Credit Union?

Keith Wright is the Chair of Family Horizons Credit Union. The CEO's salary of Family Horizons Credit Union is $739,221 and their total compensation is $739,221.


Official website here: www.familyhorizons.com

What is the revenue of Family Horizons Credit Union?

Family Horizons Credit Union's revenue in 2022 was $5,786,440.


Official website here: www.familyhorizons.com

Who are the executives of Family Horizons Credit Union and what are their salaries?

The average compensation at Family Horizons Credit Union during 2022 was $56,693. There are 36 employees at Family Horizons Credit Union.


Here are 7 key members and their salaries (Family Horizons Credit Union's CEO's salary is $739,221 and their total compensation is $739,221):


Scott Rigney (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Ebert (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Reckley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damon Floyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Hoffman (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renae Fife (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Wright (President & Ceo)
  • Compensation: $739,221
  • Related: $0
  • Other: $0


Official website here: www.familyhorizons.com

Where can I find the form 990 for Family Horizons Credit Union?

Family Horizons Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.familyhorizons.com

Learn more at the official website: www.familyhorizons.com

Mission Statement of Family Horizons Credit Union

Family Horizons Credit Union, as a state-chartered credit union, is dedicated to serving its approximately 12,500 members by providing them with both loan and deposit services. Its mission is centered around extending financial assistance and managing member savings in a responsible and sustainable manner. By offering loan and share services, Family Horizons Credit Union aims to contribute positively to its members' financial well-being, empowering them to manage their finances effectively. The credit union's activities are guided by its role as a state-chartered entity, ensuring it adheres to the regulations and guidelines set forth by the relevant authorities while prioritizing the needs and interests of its members.

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Impact




October, 2024

Family Horizons Credit Union significantly impacts the Indianapolis community by providing essential financial services to approximately 12,500 members. As a state-chartered credit union, it focuses on offering a range of loan and share services that help members achieve their financial goals. Its mission emphasizes accessibility to affordable financial products and quality member service, fostering financial well-being and empowerment within the community. By prioritizing the needs of its members, Family Horizons Credit Union contributes to the broader public benefit, enhancing financial literacy and stability for families and individuals in the Indianapolis area.




This information is meant to be a general summary of Family Horizons Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,786,440 (2022)
Expenses
$5,735,719 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $289,617
  • Program Service Revenue: $4,128,942
  • Gross Receipts: $5,786,440

Assets and Liabilities:

  • Total Assets: $98,979,047
  • Total Liabilities: $89,046,691
  • Net Assets: $9,932,356

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME

Revenue

$3,303,794

FEE INCOME

Revenue

$825,148

Organization Details

Founding Year

1954

Principal Officer

Keith Wright

Main Address

6665 EAST 21ST ST, INDIANAPOLIS, IN, 46219

NTEE Category

Code: W60 - Public benefit

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