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NEW HORIZONS CREDIT UNION

EIN 63-0767402 MOBILE, AL

Browse the largest nonprofits in Alabama

Revenue 2024
$14,814,009
Expenses 2024
$13,681,094

As filed

Subsection
14
Classification
1000
Street
622 AZALEA RD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of ALABAMA CREDIT UNION ADMINISTRATION (EIN 63-1091725). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

Mission

THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN MOBILE, BALDWIN, AND CLARK COUNTIES IN ALABAMA. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 22,302.

Activities or mission (Part I)

THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS IN THE FORM OF SAVINGS AND CHECKING ACCOUNTS AND ALL TYPES OF CONSUMER LOANS.

  • IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS.

  • TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Linda Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Deanna Ferguson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Scott Huval

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Luvenia Spotwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joe Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ralph Altice

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Larry Landrum

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Edith Franklin

    PRESIDENT/ CEO

    Total calculated
    $281,985
    From this org
    $246,752
    From related orgs
    $0
    Other
    $35,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,752
    Bonus
    $0
    Other
    $0
    Deferred
    $25,686
    Nontaxable benefits
    $9,547
    Filer's total
    $281,985

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $14,814,009
    Expenses
    $13,681,094
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $12,701,326
    Expenses
    $11,292,377
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $11,191,194
    Expenses
    $9,043,007
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $10,116,568
    Expenses
    $8,601,808
    Assets (EOY)
    $262,523,967
  • 2020 · 990

    Revenue
    $10,397,372
    Expenses
    $8,390,475
    Assets (EOY)
    $235,373,370
  • 2019 · 990

    Revenue
    $12,739,867
    Expenses
    $8,969,370
    Assets (EOY)
    $197,180,153
  • 2018 · 990

    Revenue
    $12,918,873
    Expenses
    $10,115,482
    Assets (EOY)
    $199,173,777
  • 2017 · 990

    Revenue
    $14,148,530
    Expenses
    $15,827,014
    Assets (EOY)
    $214,292,512
  • 2016 · 990

    Revenue
    $15,230,384
    Expenses
    $24,938,130
    Assets (EOY)
    $214,007,184
  • 2015 · 990

    Revenue
    $11,999,371
    Expenses
    $9,864,987
    Assets (EOY)
    $222,912,926
  • 2014 · 990

    Revenue
    $9,618,311
    Expenses
    $9,185,661
    Assets (EOY)
    $203,823,915
  • 2013 · 990

    Revenue
    $9,641,533
    Expenses
    $8,869,596
    Assets (EOY)
    $198,707,609
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $10,114,393
    Assets (EOY)
    $197,128,568

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.