NonprofitsNew Horizons Credit Union

New Horizons Credit Union

MOBILE, AL

Total revenue

$14.8M

Total expenses

$13.7M

Net assets

$24.7M

Grants received

EIN

630767402

Tax year

2024

Mission

The credit union provides financial services to its members in the form of savings and checking accounts and all types of consumer loans.

Programs

1 program

To meet the financial needs of our members, the credit union provides a source of credit by offering a variety of consumer and mortgage lending products at reasonable rates of interest.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$13.2M
Investment income$1.7M
Other revenue
Total revenue$14.8M

Expenses

Grants paid
Salaries & benefits$5.4M
Fundraising
Other expenses$8.3M
Total expenses$13.7M
Total assets$269.4M
Net assets$24.7M

People

8 listed

NameRoleCompensation

EDITH FRANKLIN

PRESIDENT/ CEO

Board

$247K

40 hrs/wk

DEANNA FERGUSON

SECRETARY

Board

1 hrs/wk

SCOTT HUVAL

VICE CHAIRMAN

Board

1 hrs/wk

LUVENIA SPOTWOOD

DIRECTOR

Board

1 hrs/wk

LINDA BROWN

DIRECTOR

Board

1 hrs/wk

RALPH ALTICE

CHAIRMAN

Board

1 hrs/wk

LARRY LANDRUM

TREASURER

Board

1 hrs/wk

JOE MILLS

DIRECTOR

Board

1 hrs/wk

Independent contractors

JACK HENRY & ASSOCIATES

CORE PROCESSOR

$418K

LAZZARI SERVICES LLC

GROUND MAINTENANCE

$138K

Details

EIN630767402
Subsection14
Ruling date1972-12
Formed1950
Employees102
Volunteers10
NEW HORIZONS CREDIT UNION — Mission, Financials & Grants Received | Grantivo