2025-08-20T08:08:03-05:00 2024-12-31 621517792 PYA PC 6016 BROOKVALE LANE KNOXVILLE TN 37919 990 2024-01-01 581508166 HORIZON CREDIT UNION HORI 4232299463 1201 N EASTMAN ROAD KINGSPORT TN 37664 MARK A DRINNON CEO 4232299304 2025-08-19 1 0 MICHELLE HERRELL CPA P00111870 8656730844 2024 2025-03-06 01:10:19Z MARK A DRINNON 1201 N EASTMAN ROAD KINGSPORT TN 37664 3292835 0 X WWW.MYHORIZONCU.ORG X 1932 TN 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. 7 7 23 7 18034 17034 575632 0 2727744 2948395 185762 307359 37594 37081 3526732 3292835 0 0 174330 392718 1448508 1453277 0 0 0 1275830 1253630 2898668 3099625 628064 193210 59868992 59659591 53481613 53079002 6387379 6580589 X 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. 0 0 3099625 2958827 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. 3099625 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 23 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X DIANA M BAKER 4232299304 1201 N EASTMAN RD KINGSPORT TN 37664 CYNTHIA HUMPHREY CHAIRPERSON 1.00 X X 0 0 0 MARK SNODGRASS VICE CHAIRPERSON 1.00 X X 0 0 0 RODNEY DEEL TREASURER 1.00 X X 0 0 0 DORIS LADD SECRETARY 1.00 X X 0 0 0 LISA BEILHARZ BOARD MEMBER 1.00 X 0 0 0 MARK DRINNON COO 40.00 X 120225 0 13467 DIANA BAKER CFO 40.00 X 94737 0 12517 JOSEPH MILLER BOARD MEMBER 1.00 X 0 0 0 TYLER NUNLEY BOARD MEMBER 1.00 X 0 0 0 214962 0 25984 1 0 0 0 0 LOAN INTEREST 522100 2197725 2197725 FEE INCOME 522100 750670 750670 2948395 307359 307359 8615 0 8615 8615 8615 INSURANCE COMMISSIONS 522100 18034 18034 MISCELLEANOUS 522100 10432 10432 28466 3292835 2958827 18034 315974 X 392718 240946 893851 55506 177922 85052 11775 42000 12926 564848 91328 157645 3535 98974 2404 47 69708 36556 LOAN SERVICING 106029 EDUCATION 20291 DUES 19364 16200 3099625 849308 961200 2810423 5895005 40913514 40937379 257817 188775 3523895 1868410 1676318 1655485 13081789 9734570 151915 151915 127908 135262 59868992 59659591 453099 217306 53028514 52861696 53481613 53079002 X 0 0 0 0 6387379 6580589 6387379 6580589 59868992 59659591 193210 0 X 0 1 X 1 0 632500 632500 958855 188902 769953 692058 692058 0 1240482 987450 253032 1655485 INVEST IN CORPORATE CU 283788 C NCUSIF DEPOSIT 529341 C INVESTMENTS 8921441 C 9734570 SHARE DRAFTS 12505769 REGULAR SHARES 24626203 SHARE CERTIFICATES 13589539 IRA KEOUGH ACCOUNTS 1334329 OTHER SHARES 805856 52861696 X 3292835 0 3292835 0 3292835 3099625 0 3099625 0 3099625 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. 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. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 327,567. DATA PROCESSING 237,281.