New Horizons Credit Union

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A short history of New Horizons CU

Since its inception in 1950 the New Horizons Credit Union has been serving its members in the Mobile, Alabama area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Lisa Corvo, the New Horizons CU has grown its membership to over 41,228 with assets of more than $221,490,896. They have a main office and 10 branch offices. Please see the credit unions website or contact them by phone at (251) 316-3240 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Mobile, AL.

General Information For New Horizons CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 60799
Address P. O. Box 2966 
City Mobile 
State Alabama 
Zip-Code 36652
Phone Number (251) 316-3240
Fax Number (251) 665-5323
Email Address: none
CEO/President Lisa Corvo
Members 41,228 
Full-Time Employees 99 
Part-Time Employees
Number of Branch Offices 10 
Total Assets 221,490,896 
Website http://www.newhcu.org 

Compare New Horizons Credit Union To Other Local Credit Unions


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Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Mobile Government Emp. CU MOBILE GOVG EMP. CU 109 Saint Joseph St 36628 (251) 694-4100 No 0.06
Gulf Coast CU Computer Marketing Corp 8520 S Sandy Pkwy 84070 (801) 365-5000 No 1.00
Progressive CU Progressive Federal Credit Union 1065 Spring Hill Ave 36604 (251) 338-2092 No 1.05
The Infirmary CU Mobile Infirmary Boulevard 130 Mobile Infirmary Blvd 36652 (251) 435-5900 No 2.34
Blue Flame CU Main 2828 Dauphin St 36652 (251) 450-4804 No 3.94

New Horizons Credit Union Financial Performance Charts


Performance Charts

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Financial Data


New Horizons Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.90 2.24 11.25 3.35 6.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 151 56 778 55 391
Rank Among All Alabama Credit Unions 6 6 78 4 40

New Horizons Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.50 0.50 0.30
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 60 263 259
Rank Among All Alabama Credit Unions N/A 23 4 33 28
New Horizons Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9003,2515,011,479
All Other Unsecured Loans/Lines of Credit 8.5002,96011,477,740
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.2404737,632,029
Used Vehicle Loans 11.2504,34149,846,313
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.35047737,931,282
Total Other Real Estate Loans/Lines of Credit 6.5001222,517,512
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.1001,26415,451,736
TOTAL LOANS & LEASES 12,888129,868,091

New Horizons Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 14914,319,823101,148,584
    b. 15 Years or less 20112,751,559161,392,671
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 27512,801146,500
Adjustable Rate 1 yr or less 12,61600
Adjustable Rate > 1 yr 9910,344,4834554,000

OTHER REAL ESTATE

Closed-End Fixed Rate 741,713,674263,400
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 48803,83820477,746
Open-End Fixed Rate 0000
TOTALS 59940,448,794533,682,901

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

New Horizons Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes