Overview
What is New Horizon Credit Union?
New Horizon Credit Union is a member-focused financial institution, embedded in the philosophy of credit unions, which prioritizes "people helping people." This cooperative entity aids its members in managing their financial health by offering a variety of services such as loans, savings accounts, and other financial products. Their commitment to quality extends to providing reliable member services, information, and products. As of the provided data, they have extended consumer loans to 924 members, illustrating their dedication to financial assistance.
Official website here: www.newhcu.com
Is New Horizon Credit Union legitimate?
New Horizon Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. New Horizon 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: $68,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,849
For more financial information, click here
Official website here: www.newhcu.com
What is the mission statement of New Horizon Credit Union?
New Horizon Credit Union's mission is centered around assisting its members in managing their financial well-being. They achieve this by offering various financial services such as loans and savings accounts in a friendly and professional manner. The credit union is deeply committed to the "people helping people" concept, which is a fundamental principle of cooperative financial institutions. Their dedication extends to providing high-quality member products, information, and services. Aside from this, New Horizon Credit Union has provided consumer loans to 924 of its members.
Official website here: www.newhcu.com
Who is the CEO of New Horizon Credit Union?
Unavailable
Official website here: www.newhcu.com
What is the revenue of New Horizon Credit Union?
New Horizon Credit Union's revenue in 2021 was $643,192.
Official website here: www.newhcu.com
Who are the executives of New Horizon Credit Union and what are their salaries?
The average compensation at New Horizon Credit Union during 2021 was $21,245. There are 9 employees and 7 volunteers at New Horizon Credit Union.
Here are 8 key members and their salaries:
- Compensation: $68,360
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newhcu.com
Where can I find the form 990 for New Horizon Credit Union?
New Horizon Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.newhcu.com
Learn more at the official website: www.newhcu.com
Mission Statement of New Horizon Credit Union
New Horizon Credit Union, as a cooperative financial institution, is dedicated to upholding the "people helping people" concept. This mission translates into assisting its members in managing their financial well-being by providing them with a variety of services, such as loans and savings accounts. The credit union is committed to offering quality products, information, and services to its members, ensuring they receive the best possible financial assistance. Beyond providing these services, New Horizon Credit Union has also extended consumer loans to 924 of its members, demonstrating its dedication to supporting its members' financial needs.
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Impact
October, 2024
New Horizon Credit Union significantly impacts its members and the broader Danville community by empowering individuals with financial tools and resources essential for their financial well-being. By offering a range of services, including loans and savings accounts, the credit union fosters a supportive environment that encourages responsible financial management.
The credit union serves 924 members through consumer loans, demonstrating its commitment to helping individuals achieve their financial goals. New Horizon Credit Union's adherence to the "people helping people" philosophy enhances community ties and promotes cooperative growth, ensuring that members receive quality products and information in a friendly and professional manner. This dedication not only enriches the financial landscape of Danville but also cultivates trust and resilience within the community.
This information is meant to be a general summary of New Horizon 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $79,966
- Program Service Revenue: $563,226
- Gross Receipts: $643,192
Assets and Liabilities:
- Total Assets: $15,423,967
- Total Liabilities: $13,968,519
- Net Assets: $1,455,448
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Organization Details
Founding Year
1946
Phone
(217) 431-4204Main Address
1019 E FAIRCHILD ST, DANVILLE, IL, 61832
Website
www.newhcu.comNTEE Category
Code: W61 - Public benefit
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