Question 1

What is Horizon Credit Union (HCU)?

Accepted Answer

Horizon Credit Union (HCU) is a community-focused federal credit union headquartered in Macon, Missouri. With approximately $57.4 million in assets and serving over 6,200 members, HCU operates as a member-owned cooperative financial institution. Originally founded to serve Missouri Department of Transportation (MoDOT) and Missouri State Highway Patrol employees, the credit union has evolved to provide comprehensive financial services to the north-central Missouri community.

The credit union maintains a strong financial position with an 11.74% net worth ratio and focuses on traditional member services including savings accounts, consumer loans, and digital banking solutions.

Question 2

When was Horizon Credit Union (HCU) founded?

Accepted Answer

Horizon Credit Union was chartered in July 1954 by employees of the Missouri Department of Transportation and the Missouri State Highway Patrol. These two groups came together to form a credit union that would provide themselves and their coworkers with a reliable place to save and borrow money.

The founding members recognized the need for a cooperative financial institution that would serve their specific employment community and provide better financial opportunities than traditional banking institutions of the era. Over the past seven decades, the credit union has grown from serving its original employee groups to welcoming broader community membership while maintaining its cooperative principles.

Question 3

Where is Horizon Credit Union (HCU) headquartered?

Accepted Answer

Horizon Credit Union is headquartered in Macon, Missouri. The main office is located at 310 North Missouri Street, Macon, MO 63552.

The mailing address is P.O. Box 554, Macon, MO 63552. Members can contact the credit union by phone at 660-385-8205.

Question 4

Where does Horizon Credit Union (HCU) operate?

Accepted Answer

Horizon Credit Union operates in north-central Missouri with branch locations serving the region. The credit union has a branch office in Kirksville, Missouri, located at 701 South Baltimore Street, in addition to its main office in Macon.

While originally founded to serve MoDOT and Missouri State Highway Patrol employees, the credit union's membership eligibility has expanded over time. The credit union maintains its community focus by serving members in Macon County and surrounding areas of north-central Missouri.

Question 5

What services does Horizon Credit Union (HCU) offer?

Accepted Answer

Horizon Credit Union provides a comprehensive range of financial services designed to meet member needs:

Deposit Accounts: Share accounts (savings), checking accounts, certificates of deposit, and money market accounts.

Lending Services: Consumer loans, auto loans, recreational vehicle loans, mortgage loans, credit cards, and home equity lines of credit. The credit union also offers loan payment options including the ability to transfer funds or pay from external accounts.

Digital Banking: Online banking platform accessible at yourhcu.com, mobile banking app with mobile deposit capability, audio voice response unit ("Horizon by Phone") for 24-hour account access, electronic statements, and bill pay services. Members can transfer funds between accounts and make external transfers to other financial institutions.

Additional Services: Direct deposit, wire transfers, Western Union money transfer services, cashier's checks, money orders, notary services (free for members), night deposit services, and access to the CO-OP ATM network for surcharge-free withdrawals.

Member Benefits: Annual scholarship program awarding $5,000 in scholarships to ten recipients ($500 each), discounted theme park tickets including Silver Dollar City, and financial education resources.

Question 6

What makes Horizon Credit Union (HCU) unique?

Accepted Answer

Horizon Credit Union distinguishes itself through its deep roots in serving Missouri public service employees and its commitment to community banking values. The credit union's founding by MoDOT and Highway Patrol employees in 1954 created a legacy of serving those who serve the public.

The credit union demonstrates its commitment to member education and community investment through its annual scholarship program, which has been awarding $5,000 annually since 1999 to help members and their families pursue higher education. Winners are selected based on applications, essays, and teacher recommendations, with awards announced at the annual meeting.

HCU emphasizes accessible, hometown service with personal relationships between staff and members. The credit union maintains a strong loan-to-share ratio of 75.55%, indicating active lending to support member needs while maintaining financial stability. With consistent asset growth and a low-income designation, HCU serves an important role in providing financial services to underserved communities in rural Missouri.

Question 7

What type of financial institution is Horizon Credit Union (HCU)?

Accepted Answer

Horizon Credit Union is a federal credit union regulated by the National Credit Union Administration (NCUA) and operates under NCUA Region 3. As charter number 63844, HCU functions as a not-for-profit, member-owned financial cooperative.

The credit union structure means that members are also owners, with each member having an equal vote in credit union governance regardless of account balance. Deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government.

Horizon Credit Union has been designated as a low-income credit union by NCUA, which recognizes institutions where a majority of members meet low-income criteria. This designation allows the credit union to accept non-member deposits and provides certain regulatory flexibilities to better serve underserved communities in rural Missouri.

Horizon Credit Union (HCU)

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About Horizon Credit Union (HCU) in the United States