2014-11-14T16:32:36-06:00 2013-12-31 261409826 BROWN & SENN ACCOUNTING LLC 823 MAIN ST 7 SUMNER WA 98390 990 2013-01-01 910567788 HORIZON CREDIT UNION HORI 5099286494 PO BOX 15128 SPOKANE VALLEY WA 99216 MR JEFF ADAMS CEO 5099286494 2014-11-12 true ROGER JONES P01702335 2538912940 2014-11-14 2013 2015-11-30 17:44:51Z JEFF ADAMS PO BOX 15128 SPOKANE VALLEY WA 99216 33188409 false X WWW.HZCU.ORG X 1947 WA CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 7 7 257 11 54720 -48060 0 26803629 29188565 1179144 880427 1600 19934 27984373 30088926 23444 27114 0 11470279 13111131 0 0 13492674 12747181 24986397 25885426 2997976 4203500 531120211 584109220 473412245 522197515 57707966 61911705 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. false false PROVIDED FINANCIAL SERVICES TO 51,482 MEMBERS. THE SERVICES WERE PROVIDED BY 257 EMPLOYEES LEAD BY 7 VOLUNTEER BOARD MEMBERS. false false false false false false false true false true true false false true true true false false false false false false false false false false true false true false true false false false false false false false false false false false false true 6845 0 true 257 true true true false false false false false X 7 7 false false false false true true true true true false true true false true true false false true true true false ID MT X HORIZON CREDIT UNION 5099286494 13224 E MANSFIELD AVE SUITE 300 SPOKANE VALLEY WA 99216 STEVE SHARON BOARD CHAIR 1.00 X 0 0 0 BERNIE KORTH 2ND VICE CHA 1.00 X 0 0 0 MIKE BUTLER DIRECTOR 1.00 X 0 0 0 TOM DILUZIO DIRECTOR 1.00 X 0 0 0 NANCY RIPLEY 1ST VICE CHA 1.00 X 0 0 0 MARK LODINE DIRECTOR 1.00 X 0 0 0 PAT FITZGERALD SECRETARY/TR 1.00 X 0 0 0 JEFF ADAMS CEO 40.00 X 1786329 0 607671 MARK NEUMANN VICE PRESIDE 40.00 X 170532 0 53605 DEBORAH PARELIUS CFO 33.00 X 144225 0 11608 GREG ROBINSON VICE PRESIDE 40.00 X 139512 0 11120 BRIAN GRYTDAL VICE PRESIDE 40.00 X 135235 0 11799 STEVE WILDER VICE PRESIDE 36.00 X 125385 0 10357 JODIE OLSON VICE PRESIDE 40.00 X 109243 0 8916 2610461 715076 7 false true false BAKER CONSTRUCTION 2711 E SPRAGUE AVE SPOKANE WA 99202 CONSTRUCTION 1372937 MARY E THOMPSON PO BOX 11094 SPOKANE WA 99211 ADVERTISING 194486 STANLEY PERDUE 41 CAMINO DE LOS ANGELITOS GALISTEO NM 87540 ATTORNEY 130966 3 INTEREST ON MEMBER LOANS 21407710 21407710 NONINTEREST INCOME 7726135 7726135 NON-MEMBER ATM FEE INCOME 522100 49314 49314 WARRANTY INCOME 525990 5406 5406 29188565 1134248 1134248 19934 19934 19934 19934 245292 2600370 276180 2823303 -30888 -222933 -253821 -253821 30088926 30268093 54720 -233887 27114 3420099 6376789 1443381 1155743 715119 95028 121378 38422 274450 750263 685637 2225075 1500273 137181 1854186 1240278 350360 PROVISION FOR LOAN LOSS 943494 LOAN PROCESSING 714197 MISC EXPENSE 385934 NCUA STABILIZATION 357499 1073526 25885426 0 0 0 3603598 4133447 50948374 41322371 1373807 901362 92350 389149086 458177322 1603439 934029 32053025 12219079 19699458 19833946 52823430 42586026 14856 14169 1350978 1797000 10553185 14317198 531120211 584109220 8277959 6786688 2352 465134286 515408475 473412245 522197515 X 57707966 61911705 57707966 61911705 531120211 584109220 4203500 99 140 X false true X true true true false true X 4710014 4710014 16808582 3570548 13238034 996133 741616 254517 9538296 7906915 1631381 19833946 CERTIFICATES OF DEPOSIT 28061331 C OTHER INVESTMENTS 5048576 C CMO SECURITIES 4005323 C MORTGAGE BACKED SECURITIES 3608530 C FEDERAL AGENCY SECURITIES 1003366 C STOCK IN FHLB 858900 C STOCK IN CUSO C 42586026 MEMBER SHARES 515408475 515408475 X 30342747 253821 253821 30088926 30088926 26139247 253821 253821 25885426 25885426 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS ESCROW FUNDS IN CONNECTION WITH THE SERVICING OF RESIDENTIAL MORTGAGE LOANS. DURING 2013, THE CREDIT UNION TRANSFERED THE SERVICING RIGHTS TO UNRELATED THIRD PARTY. SCHEDULE D, PAGE 3, PART X THE CREDIT UNION FILES IRS FORMS 990 AND 990-T, AS APPLICABLE. THE CREDIT UNION MEASURES AND RECOGNIZES THE IMPLICATIONS OF POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS ON AN ONGOING BASIS IN ACCORDANCE WITH INCOME TAX GUIDANCE. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AND NO ADJUSTMENTS TO ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS RELATED TO UNCERTAIN TAX POSITIONS TAKEN FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012. THE CREDIT UNION IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS PRIOR TO DECEMBER 31, 2010. SCHEDULE D, PAGE 4, PART XI, LINE 2D NET GAIN OR LOSS ON THE SALE OF ASSETS 253,821 SCHEDULE D, PAGE 4, PART XII, LINE 2D NET GAIN OR LOSS ON THE SALE OF ASSETS 253,821 false X true true X X X X X false true false JEFF ADAMS CEO 243074 1537255 6000 607671 22370 2394000 MARK NEUMANN VICE PRESIDENT 155158 15025 349 53605 6919 224137 DEBORAH PARELIUS CFO 131109 12830 286 11608 8665 155833 GREG ROBINSON VICE PRESIDENT 126807 12705 11120 7459 150632 SCHEDULE J, PAGE 1, PART I, LINE 4 JEFF ADAMS 0 587,271 0 MARK NEUMANN 0 40,000 0 MARK NEUMANN VICE PRESIDENT EXECUTIVE COMPENSATION X 92350 false true true 92350 FORM 990, PAGE 6, PART VI, LINE 1A ENTITY HAS MEMBERS WHO ELECT MEMBERS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 6 ENTITY HAS ONE CLASS OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A ENTITY HAS MEMBERS WHO ELECT MEMBERS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B ENTITY HAS MEMBERS WHO HAVE RIGHTS TO RATIFY DECISIONS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE CFO REVIEWS THE 990 AND WILL MAKE A COMPLETE COPY OF IT AVAILABLE TO THE BOARD AT THE NOVEMBER 2014 BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A CEO SALARY RANGES ARE PREPARED BY HUMAN RESOURCES BASED ON INDUSTRY COMPARABILITY DATA AND REVIEW BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE IS COMPRISE OF VOLUNTEER BOARD MEMBERS. CEO PERFORMANCE IS ASSESSED AND SALARY TRENDS ARE REVIEWED BY COMPENSATION COMMITTEE TO DETERMINE APPROPRIATE SALARY. THE SALARY RECOMMENDATION IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. SENIOR MANAGER'S SALARY RANGES ARE PREPARED BY HUMAN RESOURCES BASED ON INDUSTRY COMPARABILITY DATA AND REVIEWED BY THE CEO AND THE COMPENSATION COMMITTEE. PERFORMANCE IS ASSESSED AND SALARY TRENDS ARE REVIEWED BY CEO TO DETERMINE RELEVANT SALARIES. EVERY FEW YEARS COMPENSATION DATA AND PROCESS IS REVIEWED BY AN OUTSIDE CONSULTANT. FORM 990, PAGE 6, PART VI, LINE 15B SENIOR MANAGER'S SALARY RANGES ARE PREPARED BY HUMAN RESOURCES BASED ON INDUSTRY COMPARABILITY DATA AND REVIEWED BY THE CEO AND THE COMPENSATION COMMITTEE. PERFORMANCE IS ASSESSED AND SALARY TRENDS ARE REVIEWED BY CEO TO DETERMINE RELEVANT SALARIES. EVERY FEW YEARS COMPENSATION DATA AND PROCESS IS REVIEWED BY AN OUTSIDE CONSULTANT. FORM 990, PAGE 6, PART VI, LINE 19 WE PUBLISH OUR MONTHLY FINANCIAL STATEMENTS AT EACH BRANCH, AND OUR QUARTERLY FINANCIAL STATEMENTS ARE PUBLISHED ON THE NCUA WEBSITE. OUR ANNUAL REPORT IS ON OUR WEBSITE. FORM 990, PART XI, LINE 9 NET GAIN OR LOSS ON THE SALE OF ASSETS 253,821 NET GAIN OR LOSS ON THE SALE OF ASSETS -253,821