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Nonprofit · EIN 58-1508166

HORIZON CREDIT UNION

Tax-exempt · KINGSPORT, TN 37664

Financials

$3.5M$2.9M2023$3.3M$3.1M2024$3.6M$3.2M2025
Revenue Expenses · by fiscal year end
Financials of HORIZON CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,590,665$3,224,663$366,002$60,034,579$53,087,988$6,946,591
December 31, 2024990$3,292,835$3,099,625$193,210$59,659,591$53,079,002$6,580,589
December 31, 2023990$3,526,732$2,898,668$628,064$59,868,992$53,481,613$6,387,379
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,069,163
Investment income
$461,670
Net rental income
$8,890
Other revenue
$59,832

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$390,344
Compensation of officers, directors and key employees
$260,496
Other salaries and wages
$950,749
Salaries, compensation and benefits (total)
$1,522,326
Professional fundraising fees
$0
Legal fees
$11,162
Accounting fees
$42,000
Occupancy
$102,756
Travel
$2,761
Depreciation
$70,289

Balance sheet and other

Total assets, start of year
$59,659,591
Total assets, end of year
$60,034,579
Total liabilities, end of year
$53,087,988
Net assets, end of year
$6,946,591
Land, buildings and equipment
$1,597,667
Gross unrelated business income
$17,006
Gross receipts
$3,590,665
Employees
23
Volunteers
7
Year formed
1932
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MARK DRINNONCOO
Officer
40$128,972$15,047
DIANA BAKERCFO
Officer
40$96,854$19,623
CYNTHIA HUMPHREYCHAIRPERSON
Trustee or director, Officer
1$0$0
MARK SNODGRASSVICE CHAIRPERSON
Trustee or director, Officer
1$0$0
RODNEY DEELTREASURER
Trustee or director, Officer
1$0$0
DORIS LADDSECRETARY
Trustee or director, Officer
1$0$0
LISA BEILHARZBOARD MEMBER
Trustee or director
1$0$0
JOSEPH MILLERBOARD MEMBER
Trustee or director
1$0$0
TYLER NUNLEYBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensationOther / benefits
MARK DRINNONCOO
Officer
40$120,225$13,467
DIANA BAKERCFO
Officer
40$94,737$12,517
CYNTHIA HUMPHREYCHAIRPERSON
Trustee or director, Officer
1$0$0
MARK SNODGRASSVICE CHAIRPERSON
Trustee or director, Officer
1$0$0
RODNEY DEELTREASURER
Trustee or director, Officer
1$0$0
DORIS LADDSECRETARY
Trustee or director, Officer
1$0$0
LISA BEILHARZBOARD MEMBER
Trustee or director
1$0$0
JOSEPH MILLERBOARD MEMBER
Trustee or director
1$0$0
TYLER NUNLEYBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
MARK DRINNONCOO
Officer
40$118,489$13,151
DIANA BAKERCFO
Officer
40$93,074$12,303
CYNTHIA HUMPHREYCHAIRPERSON
Trustee or director, Officer
1$0$0
MARK SNODGRASSVICE CHAIRPERSON
Trustee or director, Officer
1$0$0
RODNEY DEELTREASURER
Trustee or director, Officer
1$0$0
JOSEPH MILLERSECRETARY
Trustee or director, Officer
1$0$0
LISA BEILHARZBOARD MEMBER
Trustee or director
1$0$0
DORIS LADDBOARD MEMBER
Trustee or director
1$0$0
STACEY LANEBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1201 NORTH EASTMAN RD, KINGSPORT, TN 37664-3163
In care of
% BEVERLY BOLING
Principal officer (990 for 2025)
MARK A DRINNON, 1201 N EASTMAN ROAD, KINGSPORT, TN 37664
Signed the 990
MARK A DRINNON, CEO
Phone
(423) 229-9463
Return prepared by
PYA PC

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.

990 for the year ended December 31, 2025

Program accomplishments

  • 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.
    Expenses $3,224,663 · revenue $3,103,099

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1508166
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1952
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$60,034,579
Income (IRS master file)
$3,590,665

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,590,665$3,224,663$60,034,579XML
990December 2024$3,292,835$3,099,625$59,659,591XML
990December 2023$3,526,732$2,898,668$59,868,992XML
990December 2022$3,788,300$2,733,501$63,707,219IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1508166).

Questions about HORIZON CREDIT UNION

What is the EIN of HORIZON CREDIT UNION?
The employer identification number (EIN) of HORIZON CREDIT UNION is 58-1508166.
Is HORIZON CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
Are donations to HORIZON CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HORIZON CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HORIZON CREDIT UNION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HORIZON CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of HORIZON CREDIT UNION?
The 990 for the year ended December 31, 2025 names MARK A DRINNON.
Who are the officers and directors of HORIZON CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $128,972 (MARK DRINNON, COO).
How much revenue does HORIZON CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,590,665, expenses of $3,224,663 and total assets of $60,034,579 at year end.

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