Civic Intelligence

Horizon Credit Union

EIN 58-1508166 • 501(c)14 • Kingsport, TN

View Organization Page

Profile

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 temporarily invested.

1201 N Eastman RoadKingsport, TN 37664

www.myhorizoncu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.89x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

16.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Net Margin

30th percentile

5.9%

Higher net margin than 30% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$133,692

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Asset Growth

35th percentile

-0.3%

Faster asset growth than 35% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-6.6%

Faster revenue growth than 7% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$59,659,591

Down $209,401 (-0.3%) from 2023

Liabilities

Down

$53,079,002

Down $402,611 (-0.8%) from 2023

Net Assets

Up

$6,580,589

Up $193,210 (+3.0%) from 2023

Operations
Liabilities / Revenue56th percentileNet Margin30th percentile

Revenue

Down

$3,292,835

Down $233,897 (-6.6%) from 2023

Expenses

Up

$3,099,625

Up $200,957 (+6.9%) from 2023

Net Income

Down

$193,210

Down $434,854 (-69%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $23,647,890Liabilities 2010: $21,092,596Net Assets 2010: $2,555,2942010Assets 2011: $25,192,729Liabilities 2011: $22,483,938Net Assets 2011: $2,708,7912011Assets 2012: $25,964,948Liabilities 2012: $23,008,756Net Assets 2012: $2,956,1922012Assets 2013: $28,061,331Liabilities 2013: $25,069,243Net Assets 2013: $2,992,0882013Assets 2014: $44,297,148Liabilities 2014: $39,350,016Net Assets 2014: $4,947,1322014Assets 2015: $44,345,141Liabilities 2015: $39,378,559Net Assets 2015: $4,966,5822015Assets 2016: $44,981,403Liabilities 2016: $39,943,837Net Assets 2016: $5,037,5662016Assets 2017: $51,033,634Liabilities 2017: $46,282,836Net Assets 2017: $4,750,7982017Assets 2018: $56,988,286Liabilities 2018: $52,487,265Net Assets 2018: $4,501,0212018Assets 2019: $56,294,341Liabilities 2019: $52,090,343Net Assets 2019: $4,203,9982019Assets 2020: $61,478,373Liabilities 2020: $57,349,207Net Assets 2020: $4,129,1662020Assets 2021: $64,266,651Liabilities 2021: $59,396,799Net Assets 2021: $4,869,8522021Assets 2022: $63,707,219Liabilities 2022: $57,782,568Net Assets 2022: $5,924,6512022Assets 2023: $59,868,992Liabilities 2023: $53,481,613Net Assets 2023: $6,387,3792023Assets 2024: $59,659,591Liabilities 2024: $53,079,002Net Assets 2024: $6,580,5892024

Highlighted filing

2024

Assets$59,659,591
Liabilities$53,079,002
Net Assets$6,580,589
Open 2024 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,408,4632010Expenses 2011: $1,461,6202011Expenses 2012: $1,447,3472012Revenue 2013: $1,640,123Expenses 2013: $1,629,314Net Income 2013: $10,8092013Revenue 2014: $1,918,397Expenses 2014: $1,852,444Net Income 2014: $65,9532014Revenue 2015: $2,610,263Expenses 2015: $2,526,387Net Income 2015: $83,8762015Revenue 2016: $2,791,015Expenses 2016: $2,720,031Net Income 2016: $70,9842016Revenue 2017: $3,242,731Expenses 2017: $3,529,499Net Income 2017: -$286,7682017Revenue 2018: $3,856,112Expenses 2018: $4,105,889Net Income 2018: -$249,7772018Revenue 2019: $3,732,910Expenses 2019: $4,029,933Net Income 2019: -$297,0232019Revenue 2020: $3,213,506Expenses 2020: $3,288,338Net Income 2020: -$74,8322020Revenue 2021: $3,441,491Expenses 2021: $2,700,805Net Income 2021: $740,6862021Revenue 2022: $3,788,300Expenses 2022: $2,733,501Net Income 2022: $1,054,7992022Revenue 2023: $3,526,732Expenses 2023: $2,898,668Net Income 2023: $628,0642023Revenue 2024: $3,292,835Expenses 2024: $3,099,625Net Income 2024: $193,2102024

Highlighted filing

2024

Revenue$3,292,835
Expenses$3,099,625
Net Income$193,210
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$59,659,591
Liabilities
$53,079,002
Net assets
$6,580,589
Revenue
$3,292,835
Expenses
$3,099,625
Net income
$193,210
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$59.7$53.1$6.58$3.29$3.10$0.19
2023Detailed filing. Detailed filing data is available for this year.$59.9$53.5$6.39$3.53$2.90$0.63
2022Detailed filing. Detailed filing data is available for this year.$63.7$57.8$5.92$3.79$2.73$1.05
2021Detailed filing. Detailed filing data is available for this year.$64.3$59.4$4.87$3.44$2.70$0.74
2020Detailed filing. Detailed filing data is available for this year.$61.5$57.3$4.13$3.21$3.29$0.07
2019Detailed filing. Detailed filing data is available for this year.$56.3$52.1$4.20$3.73$4.03$0.30
2018Detailed filing. Detailed filing data is available for this year.$57.0$52.5$4.50$3.86$4.11$0.25
2017Detailed filing. Detailed filing data is available for this year.$51.0$46.3$4.75$3.24$3.53$0.29
2016Detailed filing. Detailed filing data is available for this year.$45.0$39.9$5.04$2.79$2.72$0.07
2015Summary only. Only limited summary data is available for this year.$44.3$39.4$4.97$2.61$2.53$0.08
2014Detailed filing. Detailed filing data is available for this year.$44.3$39.4$4.95$1.92$1.85$0.07
2013Detailed filing. Detailed filing data is available for this year.$28.1$25.1$2.99$1.64$1.63$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.0$23.0$2.96$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.2$22.5$2.71$1.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$21.1$2.56$1.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 19, 2025
Return Version
2024v5.2
Gross Receipts
$3,292,835
Mission and Program Overview

Mission

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 temporarily invested.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$40,913,514$40,937,379▲ $23,865
Investments Program Related$13,081,789$9,734,570▼ $3,347,219
Rtn Earn Endowment Incm Other Fnds$6,387,379$6,580,589▲ $193,210
Savings and Temporary Cash Investments$2,810,423$5,895,005▲ $3,084,582
Land, Buildings, and Equipment, Net$1,676,318$1,655,485▼ $20,833
Cash and Non-Interest-Bearing Accounts$849,308$961,200▲ $111,892
Prepaid Expenses and Deferred Charges$257,817$188,775▼ $69,042
Intangible Assets$151,915$151,915→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$59,868,992$59,659,591▼ $209,401
Other Assets Total$127,908$135,262▲ $7,354
Liabilities
Other Liabilities$53,028,514$52,861,696▼ $166,818
Accounts Payable and Accrued Expenses$453,099$217,306▼ $235,793
Total Liabilities$53,481,613$53,079,002▼ $402,611
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,387,379$6,580,589▲ $193,210
Total Liabilities and Net Assets / Fund Balance$59,868,992$59,659,591▼ $209,401

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$253,032$987,450$1,240,482
Buildings$769,953$188,902$958,855
Leasehold Improvements$0$692,058$692,058
Land$632,500-$632,500
Investment Program Related Org$8,921,441--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark DrinnonCOOFT$120,225$13,467$133,692
Diana BakerCFOFT$94,737$12,517$107,254

Board Members and Trustees

NameTitle
Cynthia HumphreyChairperson
Mark SnodgrassVice Chairperson
Joseph MillerBoard Member
Lisa BeilharzBoard Member
Tyler NunleyBoard Member
Doris LaddSecretary
Rodney DeelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,948,395
Investment Income
$307,359
Other Revenue
$37,081
Change in Net Assets
$193,210

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,292,835
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,292,835
Total Revenue per Form 990
$3,292,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,453,277
Other Expenses$1,253,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$893,851
Fees for Services Other---$564,848
Benefits to Members---$392,718
Current Officers, Directors, Trustees, and Key Employees---$240,946
Other Employee Benefits---$177,922
Office Expenses---$157,645
Occupancy---$98,974
Advertising---$91,328
Payroll Taxes---$85,052
Depreciation Depletion---$69,708
Pension Plan Contributions---$55,506
Fees for Services Accounting---$42,000
Insurance---$36,556
Other Expenses---$19,364
All Other Expenses---$16,200
Fees for Service Investment Mgmnt Fees---$12,926
Fees for Services Legal---$11,775
Information Technology---$3,535
Travel---$2,404
Interest---$47
Total Functional Expenses$0$0$0$3,099,625

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,099,625
Total Expenses per Audited Statements$3,099,625
Total Expenses per Form 990$3,099,625
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$24,626,203
Share Certificates$13,589,539
Share Drafts$12,505,769
Ira Keough Accounts$1,334,329
Other Shares$805,856
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Shares are issued to members maintaining accounts.”

Form 990, Part VI, Section A, Line 7A

“The charter and by-laws call for an annual election of directors by the members. Each member is entitled to one vote, irrespective of the number of shares/deposits. The candidates for director are nominated by a nominating committee appointed by the board of directors. The directors are elected at an annual meeting called for in the by-laws.”

Form 990, Part VI, Section A, Line 7B

“For governance decisions, each member is entitled to one vote, irrespective of the number of shares/deposits.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the accounting manager, ceo, coo, and cfo before filing.”

Form 990, Part VI, Section B, Line 12C

“The credit union has a written conflict of interest policy. All officers, directors, and key employees are required to disclose annually any interest that could give rise to conflicts. All material contracts are approved by the board of directors.”

Form 990, Part VI, Section B, Line 15

“The personnel committee recommends compensation for the ceo, management, and staff based on an annual survey of compensation of credit unions of comparable size and job classification and other relevant factors. The overall compensation plan, including ceo and management compensation, is reviewed and approved by the board of directors. For staff, the ceo and or department managers complete annual employee evaluations and are authorized to set staff compensation within the range approved by the personnel committee and board of directors.”

Form 990, Part VI, Section C, Line 19

“Written copies of policies and procedures are provided to members upon request. Monthly financial reports are posted in the lobby for members review. Upon request, copies of the credit union's annual form 990 are provided to any member or nonmember.”

Filing and Contact Details

Filer

Filer Name
Horizon Credit Union
EIN
58-1508166
Phone
4232299463
Address
1201 N EASTMAN ROAD, KINGSPORT, TN 37664

Signing Officer

Name
Mark a Drinnon
Title
CEO
Phone
4232299304
Signed
2025-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark a Drinnon
Formed
1932
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
7

Preparer

Firm
Pya Pc
Address
6016 BROOKVALE LANE, KNOXVILLE, TN 37919
Preparer
Michelle Herrell CPA
Phone
8656730844
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees 327,567. Data processing 237,281.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt, by statute, from federal and state income taxes. The organization does not believe there are any material uncertain tax positions.”

Raw XML AppendixShowing 400 of 418 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03292835
IRS990/GrossRentsGrp/RealAmt08615
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt03535
IRS990/InsuranceGrp/TotalAmt036556
IRS990/IntangibleAssetsGrp/BOYAmt0151915
IRS990/IntangibleAssetsGrp/EOYAmt0151915
IRS990/InterestGrp/TotalAmt047
IRS990/InvestmentIncomeGrp/ExclusionAmt0307359
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0307359
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt013081789
IRS990/InvestmentsProgramRelatedGrp/EOYAmt09734570
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01868410
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01676318
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01655485
IRS990/LandBldgEquipCostOrOtherBssAmt03523895
IRS990/LegalDomicileStateCd0TN
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THRIFT, ISSUE SHARES THAT MAINTAIN ACCOUNTS, AND TO MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED CURRENTLY FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06387379
IRS990/NetAssetsOrFundBalancesEOYAmt06580589
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08615
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08615
IRS990/NetUnrelatedBusTxblIncmAmt017034
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt098974
IRS990/OfficeExpensesGrp/TotalAmt0157645
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0127908
IRS990/OtherAssetsTotalGrp/EOYAmt0135262
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0177922
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1EDUCATION
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/TotalAmt0106029
IRS990/OtherExpensesGrp/TotalAmt120291
IRS990/OtherExpensesGrp/TotalAmt219364
IRS990/OtherLiabilitiesGrp/BOYAmt053028514
IRS990/OtherLiabilitiesGrp/EOYAmt052861696
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE COMMISSIONS
IRS990/OtherRevenueMiscGrp/Desc1MISCELLEANOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010432
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt018034
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt110432
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt018034
IRS990/OtherRevenueTotalAmt028466
IRS990/OtherSalariesAndWagesGrp/TotalAmt0893851
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt040913514
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt040937379
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt085052
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt055506
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0257817
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0188775
IRS990/PrincipalOfficerNm0MARK A DRINNON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02197725
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1750670
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02197725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1750670
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0174330
IRS990/PYContributionsGrantsAmt0575632
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0185762
IRS990/PYOtherExpensesAmt01275830
IRS990/PYOtherRevenueAmt037594
IRS990/PYProgramServiceRevenueAmt02727744
IRS990/PYRevenuesLessExpensesAmt0628064
IRS990/PYSalariesCompEmpBnftPaidAmt01448508
IRS990/PYTotalExpensesAmt02898668
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03526732
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0193210
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08615
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt02958827
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06387379
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06580589
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02810423
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05895005
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0769953
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0188902
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0958855
IRS990ScheduleD/EquipmentGrp/BookValueAmt0253032
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0987450
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01240482
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03099625
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0283788
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1529341
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt28921441
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVEST IN CORPORATE CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt0632500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0632500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0692058
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0692058
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012505769
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt124626203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213589539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31334329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4805856
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3IRA KEOUGH ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OTHER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03292835
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01655485
IRS990ScheduleD/TotalBookValueProgramRltdAmt09734570
IRS990ScheduleD/TotalExpensesPerForm990Amt03099625
IRS990ScheduleD/TotalLiabilityAmt052861696
IRS990ScheduleD/TotalRevenuePerForm990Amt03292835
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03292835
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03099625
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHARES ARE ISSUED TO MEMBERS MAINTAINING ACCOUNTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHARTER AND BY-LAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE, IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOR GOVERNANCE DECISIONS, EACH MEMBER IS ENTITLED TO ONE VOTE, IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE ACCOUNTING MANAGER, CEO, COO, AND CFO BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATION AND OTHER RELEVANT FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND OR DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WRITTEN COPIES OF POLICIES AND PROCEDURES ARE PROVIDED TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS REVIEW. UPON REQUEST, COPIES OF THE CREDIT UNION'S ANNUAL FORM 990 ARE PROVIDED TO ANY MEMBER OR NONMEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER PROFESSIONAL FEES 327,567. DATA PROCESSING 237,281.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt059868992
IRS990/TotalAssetsEOYAmt059659591
IRS990/TotalAssetsGrp/BOYAmt059868992
IRS990/TotalAssetsGrp/EOYAmt059659591
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/TotalAmt03099625
IRS990/TotalGrossUBIAmt018034
IRS990/TotalLiabilitiesBOYAmt053481613
IRS990/TotalLiabilitiesEOYAmt053079002
IRS990/TotalLiabilitiesGrp/BOYAmt053481613
IRS990/TotalLiabilitiesGrp/EOYAmt053079002
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06387379
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06580589
IRS990/TotalOtherCompensationAmt025984
IRS990/TotalProgramServiceExpensesAmt03099625
IRS990/TotalProgramServiceRevenueAmt02948395
IRS990/TotalReportableCompFromOrgAmt0214962
IRS990/TotalRevenueGrp/ExclusionAmt0315974
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02958827
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03292835
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt018034
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059868992
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt059659591
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02404
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01201 N EASTMAN ROAD
IRS990/USAddress/CityNm0KINGSPORT
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037664
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MYHORIZONCU.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK A DRINNON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04232299304
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORIZON CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HORI
ReturnHeader/Filer/EIN0581508166
ReturnHeader/Filer/PhoneNum04232299463

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