Credit union
Horizon Credit Union
Spokane Valley, Washington, Spokane County, WA
$2.0B in total assets and 104,357 members, the 268th largest of 4,298 US credit unions and 14th of 73 headquartered in Washington.
- NCUA charter
- 67264
- Charter
- State chartered (WA)
- Chartered
- 1948
- NCUA insured since
- 1971
- Low-income designation
- Yes
- Website
- http://www.hzcu.org
At a glance
Compared with 16 federally insured credit unions in Washington with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.0B | 25% | $3.1B | |
| Loans | $1.6B | 25% | $2.3B | |
| Deposits (shares) | $1.6B | 25% | $2.6B | |
| Members | 104,357 | 19% | 168,294 | |
| Return on assets | 0.63% | 38% | 0.70% | |
| Net interest income to assets | 3.62% | 38% | 3.79% | |
| Efficiency ratio | 76.5% | 81% | 71.7% | |
| Net worth ratio | 13.08% | 88% | 11.21% | |
| Loans to shares | 99% | 88% | 93% | |
| Cost of deposits | 1.64% | 44% | 1.66% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 9.0% a year over 10 years and 3.0% a year over the last 5, including 2 mergers in the last 10 years. Membership fell 0.1% a year over 5 years, to 104,357.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Aug 2022 | Embark Federal Credit Union Credit union, Great Falls, MT | $135M |
| Aug 2020 | Icon Credit Union Credit union, Boise, ID | $360M |
| May 2016 | Amicus Federal Credit Union Credit union, Spokane, WA | $11M |
| Nov 2015 | United Health Services Credit Union Credit union, Spokane, WA | $101M |
| Mar 2015 | Edtech Federal Credit Union Credit union, Butte, MT | $69M |
| Aug 2012 | Montana First Credit Union Credit union, Missoula, MT | $65M |
Where they operate
28 branches in 12 counties.
3 of 28 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Spokane County, WA | 8 | 4.8% | 6 of 36 |
| Ada County, ID | 6 | 3.3% | 10 of 45 |
| Kootenai County, ID | 2 | 3.3% | 12 of 22 |
| Cascade County, MT | 2 | 5.9% | 6 of 17 |
| Missoula County, MT | 2 | 4.2% | 8 of 18 |
| Grant County, WA | 2 | 6.9% | 4 of 14 |
| Bonner County, ID | 1 | 7.7% | 3 of 10 |
| Washington County, ID | 1 | 33.3% | 1 of 3 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 22 | |
| 2017 | 21 | −1 |
| 2018 | 21 | 0 |
| 2019 | 21 | 0 |
| 2020 | 30 | +9 |
| 2021 | 29 | −1 |
| 2022 | 33 | +4 |
| 2023 | 32 | −1 |
| 2024 | 30 | −2 |
| 2025 | 29 | −1 |
| Jun 2026 | 28 | −1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.27% | 0.79% |
| Net worth ratio | 13.08% | 11.21% |
| Loans to shares | 99% | 93% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Washington
Most branches in Spokane County, WA
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.