Credit union · NCUA insured
New Horizons Credit Union
A $296.2M credit union headquartered in Mobile, AL, with 23,513 members and 8 branches in Alabama. Best rates: CDs 4.00% and savings 0.20% APY.
New Horizons Credit Union Carrot Score
71
Carrot Score
Higher than 29% of U.S. banks and credit unions
#22 of 28 in Mobile, AL metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About New Horizons Credit Union
Chartered in 1950, New Horizons Credit Union is a member-owned financial cooperative serving six counties in Alabama and three counties in Florida.
Originally chartered as H & W Company Credit Union, it later became Scott Credit Union after merging with Scott Paper Company before adopting its current name.
- Headquarters
- 622 Azalea Rd, Mobile, AL 36609-1530
- NCUA charter
- 60799
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in Mobile, Baldwin, Washington, Clarke, Monroe, or Escambia counties in Alabama, or Escambia, Santa Rosa, or Okaloosa counties in Florida are eligible for membership.
Employers and groups
- Employees of a member company are eligible for membership.
Family and household
- Persons related to a current member are eligible for membership.
Cost to join
- A $5 minimum deposit to open and maintain a primary savings (Share) account is required for membership.
Branches
8 branches in Alabama
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Alabama
8 branches
Mobile area · 6
- Cottage Hill Branch9154 Cottage Hill Rd, Mobile, AL 36695Directions
- Midtown Branch100 N Florida St, Suite 5, Mobile, AL 36607Directions
- Rangeline Branch5000 Rangeline Crossing Dr, Mobile, AL 36619Directions
- West Mobile Branch6320 Airport Blvd, Mobile, AL 36608Directions
- Saraland Branch103 Saraland Blvd S, Saraland, AL 36571Directions
- Semmes Branch3385 Schillinger Rd N Ste 19, Semmes, AL 36575Directions
Daphne area · 1
- Daphne Branch7146 Stone Dr, Daphne, AL 36526Directions
Jackson area · 1
- Jackson Branch1225 Forest Ave, Jackson, AL 36545Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.81% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.37% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.73% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $79 | $76 | — |
- CapitalNet worth ratio10.81%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.37%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.73%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$79Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of New Horizons Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.