Overview
What is Horizon Credit Union?
Horizon Credit Union is a nonprofit financial institution based in Spokane Valley, Washington. With approximately 113,000 members, they offer a range of services including loans and savings programs. Operating on a mutual purpose basis and without profit, Horizon Credit Union is dedicated to serving its community. Their efforts are supported by around 410 full-time paid employees and 11 volunteers.
Official website here: www.hzcu.org
Is Horizon Credit Union legitimate?
Horizon Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 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: $7,198,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,059,093
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Official website here: www.hzcu.org
What is the mission statement of Horizon Credit Union?
Horizon Credit Union is a not-for-profit financial institution dedicated to serving its approximately 113,000 members. Its mission resonates with the cooperative principle of mutuality, as it exists to provide financial services rather than generate profits. This credit union offers a range of financial products and services, which include loans and savings programs. The organization is staffed by a team of volunteers and full-time employees, numbering around 410, who work together to deliver these services. The commitment of these individuals, both paid and unpaid, ensures that members receive personalized attention and support in managing their finances.
Official website here: www.hzcu.org
Who is the CEO of Horizon Credit Union?
Jeff Adams is the CEO of Horizon Credit Union The CEO's salary of Horizon Credit Union is $6,111,461 and their total compensation is $6,166,795.
Official website here: www.hzcu.org
What is the revenue of Horizon Credit Union?
Horizon Credit Union's revenue in 2023 was $110,218,528.
Official website here: www.hzcu.org
Who are the executives of Horizon Credit Union and what are their salaries?
The average compensation at Horizon Credit Union during 2023 was $53,518. There are 528 employees and 14 volunteers at Horizon Credit Union.
Here are 15 key members and their salaries (Horizon Credit Union's CEO's salary is $6,111,461 and their total compensation is $6,166,795):
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $6,111,461
- Related: $0
- Other: $55,334
- Compensation: $465,986
- Related: $0
- Other: $49,497
- Compensation: $469,660
- Related: $0
- Other: $46,281
- Compensation: $342,928
- Related: $0
- Other: $51,617
- Compensation: $339,739
- Related: $0
- Other: $43,739
- Compensation: $338,480
- Related: $0
- Other: $38,360
- Compensation: $209,153
- Related: $0
- Other: $32,763
- Compensation: $191,607
- Related: $0
- Other: $26,617
Official website here: www.hzcu.org
Where can I find the form 990 for Horizon Credit Union?
Horizon Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hzcu.org
Learn more at the official website: www.hzcu.org
Mission Statement of Horizon Credit Union
Horizon Credit Union, a not-for-profit financial institution, is dedicated to delivering essential financial services to approximately 113,000 members, all with a mutual purpose in mind. Established on the principle of putting profits back into the community rather than distributing them among shareholders, this credit union proudly operates without an aim for personal gain.
Horizon Credit Union's team, consisting of at least 11 committed volunteers and 410 full-time employees, works diligently to provide a range of financial services. These offerings extend beyond the typical loans and savings programs, ensuring that members have diverse options to meet their financial needs. The cooperative spirit of Horizon Credit Union is evident in its unwavering commitment to serving its members with dedication and expertise.
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Impact
October, 2024
Horizon Credit Union plays a significant role in the financial well-being of its community, serving approximately 113,000 members by offering a variety of financial services, including loans and savings programs. By prioritizing mutual benefit over profit, the credit union fosters a supportive environment for its members, ensuring that services are tailored to meet their needs.
With a dedicated team of about 410 full-time employees and assistance from at least 11 non-paid volunteers, Horizon Credit Union effectively provides resources that empower members to achieve their financial goals. This commitment to accessible financial services not only enhances individual financial literacy and stability but also contributes to the overall economic health of the Spokane Valley community and beyond.
Through its mission, Horizon Credit Union demonstrates a strong focus on public benefit, underscoring its impact as a reliable financial partner for its members.
This information is meant to be a general summary of 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 2023.
- Investment Income: $13,416,575
- Program Service Revenue: $96,814,180
- Gross Receipts: $114,276,790
Assets and Liabilities:
- Total Assets: $2,076,980,376
- Total Liabilities: $1,839,227,205
- Net Assets: $237,753,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER INTEREST
Revenue
$82,469,745
CARD INCOME
Revenue
$6,807,153
FEES INCOME
Revenue
$6,613,106
OTHER INCOME
Revenue
$924,176
Organization Details
Founding Year
1947
Principal Officer
Jeff Adams
Website
www.hzcu.orgNTEE Category
Code: W60 - Public benefit
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