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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations New Horizons Credit Union

New Horizons Credit Union

Fiscal year ending 2024. Filed on November 17, 2025.

622 Azalea Road
Mobile, Alabama 36609

New Horizons Credit Union (EIN: 63-0767402) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, New Horizons Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 1 out of 102 total employees. Among the employees shown here, the average compensation is $281,985. The highest compensated employee at New Horizons Credit Union is Edith Franklin with fiscal year 2024 compensation of $281,985. New Horizons Credit Union changed its name from Credit Unions IN the State of Alabama New Horizons in 2017.

Revenue, expenses, and employee compensation

Revenue

$14,814,009

Expenses

$13,681,094

Employee compensation

$5,390,116
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Edith Franklin
President and Chief Executive Officer
$281,985
$246,752 No related comp$35,233

Benchmark Employee Compensation

Non-Employee Board Members

Deanna Ferguson
Secretary
Joe Mills
Director
Larry Landrum
Treasurer
Linda Brown
Director
Luvenia Spotwood
Director
Ralph Altice
Chair
Scott Huval
Vice Chair

Contractors

Jack Henry & Associates
Core Processor
$418,113
Lazzari Services LLC
Ground Maintenance
$138,052

Mission Statement

THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN MOBILE, BALDWIN, AND CLARK COUNTIES IN ALABAMA. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 22,302.

Revisions to this organization profile

November 17, 2025:
2024 New Horizons Credit Union 990 filed
November 15, 2024:
2023 New Horizons Credit Union 990 filed
November 15, 2023:
2022 New Horizons Credit Union 990 filed

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