Horizon Credit Union

Organization Overview

Horizon Credit Union is located in Macon, MO. As of 12/2021, Horizon Credit Union employed 19 individuals. Horizon Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Horizon Credit Union generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 5,063 MEMBERS.


PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, LOANS OUTSTANDING TOTALED $30,340,860, INCLUDING $5,228,728 OF PARTICIPATION LOANS.


PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $209,215 FOR THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Kay Lucas
President
$86,587
Dennis Fessler
Chairman
$0
Larry Murdock
Vice Chairman
$0
Sam Hartung
Secretary
$0
Bryan Moots
Director
$0
Murrell Arnett
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,884,103
Investment income $129,267
Tax Exempt Bond Proceeds $0
Royalties $5,203
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,018,573

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