P. O. Box 2966
Mobile, AL 36652

Notable Rates APY Vs.Others
Savings 0.10% 2.10% →
1-Year CD 0.50% 2.02% →
2-Year CD 0.70% 2.02% →
5-Year CD N.A. 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Credit Union Information

New Horizons is an NCUA insured institution located in Mobile, AL. It was founded in 1950 and has approximately $199.34 millions in assets.

Who can join?

If you live, work, worship or attend school in Mobile, Baldwin, Washington, Clarke, Monroe or Escambia counties, in Alabama you are eligible for membership at New Horizons Credit Union. You can also join New Horizons Credit Union if you are related to a current member or if you work for a "member company".

NCUA Insured Yes
Charter Number # # 60799
Date Established 1950
Assets $199.34 million
Loans $121.63 million
Deposits $183.25 million
Capital $16.30 million

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Mobile, Baldwin, Washington, Clarke, Escambia, or Monroe counties in Alabama.

Deposit Rates - March 30, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.10% $2,500 $9,999 Learn MoreShow Less
Money Market
0.20% $10,000 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.20% $500 - Learn MoreShow Less
6 Mo CD
0.30% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.20% $25 - Learn MoreShow Less
Fixed IRA
0.50% $500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Ultimate Dividend Checking Account 1.00% $0 $0.00 Learn MoreShow Less

Loan Rates - March 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for NEW HORIZONS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info

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Below are New Horizons branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

New Horizons Locations

Financial Details

New Horizons Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of New Horizons. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
New Horizons U.S. Average
4.24% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, New Horizons had $570,840 in non-current loans and $197,894 in owned assets. To cover these potential losses it had $16,300,051 in net worth and $1,824,286 in loans loss reserves. That gives it a Texas Ratio of 4.24%.

Net Worth
New Horizons U.S. Average
8.17% 13.65%

New Horizons FCU has a net worth of 8.17% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About New Horizons

Branches and Savings

What is New Horizons?

A federal credit union, registered with the NCUA under certificate #60799.
Learn more about credit unions here.

Is New Horizons FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join New Horizons?

Please see Field of Membership information above for information on who is eligible to join.

What are New Horizons's share account and share certificate rates?

New Horizons's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is New Horizons?

New Horizons has total capital of $16.30 million. Full information on New Horizons's financial position is located above.

Who owns New Horizons?

Credit Unions are owned by their members.

Where are New Horizons branches located?

See branch locations nearby.

Are New Horizons ATMs Open 24/7?

Do New Horizons ATMs accept cash deposits?

Can New Horizons customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does New Horizons have a mobile app?

Does New Horizons have mobile deposit?

Does New Horizons have quick pay?

How can New Horizons transfer money to other banks or credit unions?

Does New Horizons report to credit bureaus?

Does New Horizons use Chexsystems?

Does New Horizons use Equifax?

What is New Horizons's toll free phone number?

What is New Horizons's ACH Routing Number?

What is New Horizons's SWIFT code?

Where can I find New Horizons's wire transfer form?

What is the New Horizons address for deposits?

What Products Does New Horizons Offer

Does New Horizons offer mortgages?

Compare mortgage rates here.

Does New Horizons offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does New Horizons offer auto and RV loans?

Compare auto loan rates here.

Does New Horizons offer student loans or personal loans?

Compare personal loan rates here.

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