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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kay Lucas President | Officer | 55 | $86,587 |
Dennis Fessler Chairman | Trustee | 1 | $0 |
Larry Murdock Vice Chairman | Trustee | 1 | $0 |
Sam Hartung Secretary | Trustee | 1 | $0 |
Bryan Moots Director | Trustee | 1 | $0 |
Murrell Arnett Treasurer | Trustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $5,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $110,606 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $545,495 |
Pension plan accruals and contributions | $18,824 |
Other employee benefits | $83,493 |
Payroll taxes | $48,652 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,626 |
Fees for services: Accounting | $15,537 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $11,137 |
Advertising and promotion | $37,738 |
Office expenses | $385,526 |
Information technology | $31,343 |
Royalties | $0 |
Occupancy | $24,449 |
Travel | $668 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,371 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $90,372 |
Insurance | $29,754 |
All other expenses | $28,722 |
Total functional expenses | $1,840,427 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $775,021 |
Savings and temporary cash investments | $10,076,713 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $30,199,131 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $26,128 |
Net Land, buildings, and equipment | $1,954,741 |
Investments—publicly traded securities | $0 |
Investments—other securities | $7,027,427 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $710,012 |
Total assets | $50,769,173 |
Accounts payable and accrued expenses | $254,980 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $44,977,411 |
Total liabilities | $45,232,391 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $5,536,782 |
Total liabilities and net assets/fund balances | $50,769,173 |
Organization Name | Assets | Revenue |
---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Senior Total Life Care Gastonia, NC | $7,534,285 | $22,491,131 |
Rush Care Inc Meridian, MS | $36,015,536 | $16,929,322 |
Parking Facilities Corporation New Orleans, LA | $111,215,099 | $14,747,604 |
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |