EIN 58-1508166

Horizon Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
22
Year formed
1932
Most recent tax filings
2023-12-01
Description
State chartered Credit Union mutually owned by our members to promote thrift, issue shares that maintain accounts, and to make loans to our members. Funds not needed currently for liquidity or for loans are termporarily invested. To promote thrift, issue shares that maintain accounts, and to make loans to our members.
Related structure
Horizon Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Tennessee.
Also known as...
First Kingsport Credit Union
Total revenues
$3,526,732
2023
Total expenses
$2,898,668
2023
Total assets
$59,868,992
2023
Num. employees
22
2023

Program areas at Horizon Credit Union

Horizon Credit Union is a state-charter Credit Union in which its members can deposit and borrow money. The organization promotes thrift, maintains accounts, and provides funding for members of the community. Horizon Credit Union serves to support individuals in their efforts to raise their families, buy homes and vehicles, build retirement plans, and achieve other financial goals.horizon Credit Union is the product of mergers between three long standing Credit unions in kingsport, Tennessee. Municipal employees Credit Union began in 1932 and merged with kingsport post and federal Credit Union in april of 1999. A merger took place again in november 2014 with agc Credit Union. The new name change of Horizon Credit Union became effective april 1, 2016 in order to reflect the organization's increased field of membership and direction of the Credit Union.

Financials for Horizon Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$575,632
Program services$2,727,744
Investment income and dividends$185,762
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$8,295
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$29,299
Total revenues$3,526,732

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The Credit Union for Robertson CountySpringfield, TN$6,625,117
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Jack Daniel Employees Credit UnionLynchburg, TN$2,521,389
The West Tennessee Credit UnionAtoka, TN$911,855
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Epb Employees Credit UnionChattanooga, TN$1,587,595
Data update history
January 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 21, 2024
Updated personnel
Identified 1 new personnel
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
1201 N Eastman Rd
Kingsport, TN 37664
Metro area
Kingsport-Bristol, TN-VA
County
Sullivan County, TN
Website URL
myhorizoncu.org/ 
Phone
(423) 229-9463
IRS details
EIN
58-1508166
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1932
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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