Financial Horizons Credit Union

Financial Horizons Credit Union Overview

Financial Horizons Credit Union is located in Hawthorne, NV. The organization was established in 1980. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Financial Horizons Credit Union employed 55 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Financial Horizons 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 12/2019, Financial Horizons Credit Union generated $8.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $6.6m during the year ending 12/2019. While expenses have increased by 4.7% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

FINANCIAL COOPERATIVE PROVIDING FINANCIAL SERVICES (SOLUTIONS) TO THE MEMBER/OWNERS OF THE CREDIT UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FINANCIAL SERVICES AND SOLUTIONS TO THE MEMBERS/OWNERS OF THE CREDIT UNION.


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Financial Horizons Credit Union Board, Officers & Key Employees

Name (title)Compensation
Chris Schneider
CFO
$111,317
Theresa Lupori
CEO
$108,275
Doug Homestead
Treasurer
$0
Jim Scott
Chairman
$0
Penny Madraso
Secretary
$0
Randall Emm
Vice Chairman
$0

Financial Horizons Credit Union Vendors

Vendor Name (Service)Compensation
Christopher Peterson
It And Consulting Services
$103,167
Fiserv
Provides Member Services To The Credit U
$1,154,318
View All Vendors

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$6,782,478
Investment income $1,778,306
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,919
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,573,703

Financial Horizons Credit Union Peer Organizations

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