# HORIZONS
BINGHAMTON, NY · NCUA charter 2041 · asset band $100-200M · latest filing 2021-09 · stopped filing after 2021-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/horizons-2041

Who the members are: federal charter, multiple common bond, organized 1937, low-income designated. 13,047 members of 150,000 potential (8.7% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 66.

**Verdict on the desk:** this could be *auto monoline*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $141.3M |
| Members | 13,047 (7.3% YoY) |
| Full-time staff | 28 |
| Net worth | $13.1M |
| Net worth ratio | 9.3% (p42 of band) |
| ROA (annualized) | -0.52% (p1 of band) |
| Total delinquency | 0.58% (p71 of band) |
| Net charge-offs (annualized) | 0.04% (p25 of band) |
| Loans / shares | 90% (p96 of band) |
| Cash / assets | 5.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.09% (p84 of band) |
| Operating expense / assets | 4.64% (p95 of band) |
| Vehicles % of loans | 68% (p91 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 87% |
| Third-party paper % of net worth | 513% (p99 of band) |
| Vehicle delinquency | 0.42% (p67 of band) |
| Vehicle NCO | 0.13% (p39 of band) |
| Repossessed % of vehicle book | 0.01% (p72 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 65% |
| Certificates % of member funds | 14% |
| Average share balance | $5,123 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 66% |
| Loans granted per 100 members, annualized | 20% |
| Average loan balance | $13,349 |
| Loans granted, annualized | $61.8M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | net worth falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | 3rd-party paper>100% NW |  |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 3 | margin squeeze |  |
| 2021-03 | 3 | auto monoline | margin squeeze |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 4 | losing money, expense trap |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-08-26 [Empower Federal Credit Union to merge with Horizons - Syracuse.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxPNzdIRkdDTGVkTGd5bWNCS0VZNEdPTWVyUEFianh1ekhwTGJ6clFCOFpQX1Q2d01lSEttOHVXVVBCbno0dkFIMXNxWDM2ZTJuci00YV8zMWo4R04wbldkY19ocGxqSU41QjNYVVUxSV94UGJIZ3l3ckZUNG5yNU9Edzc0T05LRG1zTm9XeWtBdWtjV3JfUTVUbGQxSzEtRVnSAbMBQVVfeXFMTlQzZFpwcVpFZG5FX1ktMGh4TS1aYlFhcTE0M1psWGVfanhwamV4VzNDMFRWTzlUS2U4RFVTRGE2aWxwZGlrc0R3Y0cyTGVKWl9zWGNXZldWX2dfMElhejQ0c0lSdGRoOFdESVRfSFI3ZWFOMUl4aUFRUElqU2V0ZWk0Ty1UalVFUkp5c1NkZFRnV2hFY083RnNocE1JS2dKUWEyUklBaU9BblNaRzAwZERxeHM?oc=5) · Syracuse.com
- 2017-10-27 [GrooveCar brings on 25 new credit union partners in Q3 - Auto Remarketing](https://news.google.com/rss/articles/CBMilAFBVV95cUxPc1hHdERaTnQzbDZKbEVObEJXb3BzTXZIQXdxajFVQXJSeVBtTmFjc2RNV2NzR0E5eVZkQklJZ3RQYTBvRGFaLVpXR0k0M19SSkR1MEtYdEx0SGVIN2tMeXZnZzhfMXdtLW5fTGxOeUNLYjZUdzNNYlJLTUU5QUk4WmxQbVZpUnNIQ0R1eFJXMHB3SFFi?oc=5) · Auto Remarketing
- 2024-03-01 [February Banking People Moves: Who Stayed, Left and Got Promoted - The Financial Brand](https://news.google.com/rss/articles/CBMiuAFBVV95cUxON0VZTFM2N2NoYlBqYlJSeGxVLUdOekhXT2MyTWp5Sm5rN1NfVUgtQndZVEhvYTN6eTVxZFA4OXlGSV8xU1kzVlNEZHBSeEFhRk1KVm53ZEJrTUJlTy1IX0NHblRaSER4T0tjaEZPSjVkU2owMTVBb0pzZ1NfSDRDLWtjbVlqOEIzZ01ydWpLOEFtcUtBUlIzMWFuVG55TnU5VTdXODg4Tzl2Tm1UN0QxZ0pIa1dZa2tk?oc=5) · The Financial Brand
- 2025-04-09 [America's Best Regional Banks and Credit Unions 2025 - Alabama - Newsweek Rankings](https://news.google.com/rss/articles/CBMijgFBVV95cUxPQmVZc2dvS3dXQkpiX250UWRzYnBjSGF5ZDRLMUwtMEtGQ0hTODRZX0tFblFOOGpZb3kyWkZheHFlR19GRVFMal85UElvTjQyXzVCSlZ0ZmZBZUZiUm5lV19MRWFjRE5DNkdSeFZqV2REaUNPRXZaRVN4Nk9RcThkNHZhTGF6eXp0OThkejVn?oc=5) · Newsweek Rankings
- 2025-07-22 [Credit Unions Sue Payment Processor Slim CD Over Card Data Loss - Bloomberg Law News](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQbS1mb0I1RHlSaDhvNWpqUHdZUTBXRlBmaVBST2NrQjlSd0VuNFJJYlRLVzhhcFBHNmVfeVl3a3dzbjZMbWhubklwcEp4QUdaVUF1ZTNJSnEybVlmR0JEMjc3NDJDbExfU1NpLS1YaFk1bjgxMHZJWUdCcHZpZnp6bndpeGpvcUFSWkhZOVdwUzFyNGNCMi1OY2ZMeXlzSTRQc1dFVzZuWVg?oc=5) · Bloomberg Law News
- 2018-03-19 [David Smith Obituary - Port Dickinson, NY - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxNaXk2TTcyamxjN1NYTjNFOU0wMjBQc0kwZW0yRDd6VEd1Y01OZ3Btal9UbXNZc0VJbVp5NVlBeklsa1NnNHJpY2JDNlZzM3hmTUViRE52NW0yUVpBLUZKYVNhYzI5UWhxLThqWjZ6UmJJZl9wNVAwSG1NY01pcjVQQTdiOEl2RGc?oc=5) · Dignity Memorial
- 2021-10-05 [Amber Delage Obituary (1987 - 2016) - Endwell, NY - Press & Sun-Bulletin - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOemFob0ZvdFAzbkdVSjFwVS1HZ1VxNUlFVnBoMTBHdTlzUmtXWUNyWUFMZXpQZWJyZzFPTHZ6b2VfdUdlSWdwUVVhcFBMbVVfdURTRnQ3NTlUWlJzeFI4SmhrYnJ1aGtReERBdWdaN1VOWUZuQzNtakJNQks0NDY2VHE0bkl1NHJfNVZqc0F0QjFIWk0?oc=5) · legacy.com
- 2024-05-02 [April Banking People Moves: Who Stayed, Left and Got Promoted - The Financial Brand](https://news.google.com/rss/articles/CBMitAFBVV95cUxNTFJNc2NMX1J0bnVXUjdCZ1hRLUlzY3BvaGFnU3BubGszR2JUTVhKaVEwTHVlN1RXQUdxa3BkM1JGSGpUQm1OOVNhWjRhS18xR2tObkU3bldrMy1INXFzQmxWMTZGTng5RWFoVVBxdGJxVmw1MU5ZSlNJckg4SDN2TFA5MHk2Zm5OLXV0UGxWZk1JTmtHU3ljaEt0T1lhMlZFSS16MDAxcmtCcFVCT0dSRVBMa0U?oc=5) · The Financial Brand

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=2041 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/57.json (key "2041", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=2041
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide