# NEW HORIZON
DANVILLE, IL · NCUA charter 60213 · asset band <$50M · latest filing 2022-03 · stopped filing after 2022-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/new-horizon-60213

Who the members are: state charter, organized 1946. 1,517 members of 3,000 potential (50.6% of the field); checking penetration 42% (share draft accounts per 100 members); loans per 100 members 50.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $15.5M |
| Members | 1,517 (-3.8% YoY) |
| Full-time staff | 2 |
| Net worth | $1.4M |
| Net worth ratio | 8.8% (p22 of band) |
| ROA (annualized) | -2.39% (p3 of band) |
| Total delinquency | 0.71% (p63 of band) |
| Net charge-offs (annualized) | -0.03% (p21 of band) |
| Loans / shares | 40% (p39 of band) |
| Cash / assets | 62.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.54% (p61 of band) |
| Operating expense / assets | 6.29% (p96 of band) |
| Vehicles % of loans | 76% (p80 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.66% (p67 of band) |
| Vehicle NCO | 0.00% (p39 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 2% |
| Credit cards % of loans | 17% |
| Unsecured % of loans | 21% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 95% |
| Certificates % of member funds | 1% |
| Average share balance | $6,610 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $7,470 |
| Loans granted, annualized | $1.6M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | delinquency rising, members leaving |  |
| 2017-06 | 2 |  | delinquency rising, members leaving |
| 2017-09 | 3 | delinquency rising |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | net worth falling |  |
| 2018-06 | 3 | members leaving | delinquency rising, net worth falling |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 | delinquency rising | losing money |
| 2019-03 | 5 | losing money, delinquency 2x band, charge-offs p90 | delinquency rising |
| 2019-06 | 3 | net worth falling | members leaving, losing money, delinquency 2x band |
| 2019-09 | 2 | members leaving | charge-offs p90, net worth falling |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | net worth falling, charge-offs p90 |  |
| 2020-06 | 3 |  | charge-offs p90 |
| 2020-09 | 2 | loan book shrinking | members leaving, net worth falling |
| 2020-12 | 3 | members leaving |  |
| 2021-03 | 6 | net worth falling, margin squeeze, delinquency 2x band |  |
| 2021-06 | 4 |  | net worth falling, delinquency 2x band |
| 2021-09 | 4 |  |  |
| 2021-12 | 7 | net worth falling, losing money, delinquency rising |  |
| 2022-03 | 7 | thin capital, expense trap | margin squeeze, delinquency rising |

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

- 2022-02-13 [In-school credit union branch gets kids ready for real life: Betty Lin-Fisher - Akron Beacon Journal](https://news.google.com/rss/articles/CBMi8wFBVV95cUxQdVhSRTUzQ0hqVS1TczAwMkwwbU15blV3Z0w2NnJzUWZOVGlhZ3ptdjJEVzVHWDJwcjA3UjBSLTZKd3lmLWpQZzBHbFc4WVRHRmVuRXo2d3ZpRzN6WXNQVHkwdFotN29IVkhYRTdyV29NalQ1X25jOUwyV3huUU9zcHhGVEZTRXdzbjFjbWVsWGZfWXliVmpwRFF1UzNoVXZlSXgwcUgwUGREQ0dqbHRLRk80OW9jcjNVcWR1cHBPbHo5MkVNbFg0TF9XVnpGeXBiSWNnSUlGY0VpY3dLMWRkS3h3OVJveURqcXpuWjNyRlFhZjQ?oc=5) · Akron Beacon Journal
- 2022-09-09 [George W.M. Thompson Jr., church founder, senior pastor, and philosophy professor at East Stroudsburg, has died at 90 - Inquirer.com](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPTXp5UFVwdDhpTW14SEs2TGJ1N1ktOThpZFgtV2JvN0ZXZjZwdGpnXzZUWFdJWTVvSEpsQ05UMkh6V0RBODVpeDE2WjlYbkdjWXBMOVZCcjRnUDR4ejRzNVNiMzdtWXUxSk93bzhGSDdRRDRULVkyUlloaFNJdUJnc1VQNEVIV1VFZ0ZmVFBPVFVmaW1WbjZpbzNiS0stMER5RjQ2SVVoSXU3RktFcGRfSDhtODIxcE9GYWUtbmIyTFU?oc=5) · Inquirer.com
- 2022-08-19 [George W. M. Thompson Jr. Obituary - Pocono Record](https://news.google.com/rss/articles/CBMiYEFVX3lxTE04WnVrVVY5YjRMU3pKbFktTGFtNUNxSFRSVDg1dFE0UDFfVkg2anVuV0lRLWRzbzFnY0ZPN2RRVzQ4bjRwMmNKeGJUZThYdk1JOE5ncmNHakZQLTJSOENONQ?oc=5) · Pocono Record
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60213 (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/53.json (key "60213", 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=60213
- 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