Horizon Credit Union

What Horizon Credit Union does

Horizon Credit Union is a not-for-profit cooperative financial institution founded in 1947 as a partnership of metal workers at Kaiser Aluminum in Spokane, Washington, and headquartered in Spokane Valley. It operates 28-30+ full-service branches across four Pacific Northwest states (Washington, Idaho, Montana, Oregon) and serves individual consumers, youth, small businesses, and homebuyers with a comprehensive product suite spanning checking (Summit, Tether Bundle, Replenish, Explorer), savings and money market accounts, certificates, IRAs, mortgages (Conventional, FHA, VA, USDA, Land, Medical Professional, Jumbo, manufactured), home equity lines of credit (Momentum, Elevate), auto/boat/RV/powersports loans, personal loans, and credit cards (Platinum Points, Platinum, Classic).

Distribution combines a physical branch network, 9+ Interactive Teller Machines offering extended video-assisted service hours of 7am-7pm weekdays, 30,000+ surcharge-free CO-OP ATMs, a 24/7 mobile and online banking platform (iOS/Android), Teller Express telephone banking, and a Horizon@Work employer partnership program. Proprietary or differentiated features include the Tether Checking/Savings Bundle (3.03% APY on savings up to $15,000), HomeStart Savings for first-time homebuyers with a $2,000 lender credit, Money Tracker and Goal Builder budgeting tools with up to 11 customizable categories, real-time card controls, and digital wallet tokenization through Apple Pay, Google Pay, and Samsung Wallet.

Horizon generates revenue primarily through net interest income on the spread between loan yields (mortgages, auto, HELOCs, credit cards) and deposit costs, supplemented by deposit account fees (overdraft, ATM, wire), credit card interchange, loan origination and late fees, and affiliate referral commissions from TruStage Insurance Agency for auto, home, life, and AD&D products. The cooperative structure returns profits to members through higher deposit rates and lower loan rates rather than to external shareholders; deposit insurance is provided by the NCUA ($250,000) plus Excess Share Insurance (additional $250,000). The institution is overseen by CEO Jeff Adams, had reported 251-500 employees, and is expanding capacity through internal promotions and an active branch renovation program including the Orchard Branch Boise remodel beginning August 2026.

Name

Horizon Credit Union

Legal name

Horizon Credit Union

Website

https://hzcu.org

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

251–500 employees

Short description

Horizon Credit Union is a not-for-profit cooperative financial institution founded in 1947, headquartered in Spokane Valley, Washington, operating 28-30+ branches across Washington, Idaho, Montana, and Oregon. It serves individuals, youth, homebuyers, and small businesses with retail deposits, mortgages, HELOCs, consumer loans, business banking, and digital/ITM channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Card Issuing (522210)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

General Purpose Credit Cards (FSAKABAA)

Keywords

• Retail banking services
• Consumer lending products
• Mortgage and home equity
• Deposit accounts and CDs
• Credit union membership

Headquarters

HQ city

Spokane

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Primary revenue from spread between interest earned on loans (mortgages, auto, personal, HELOCs, credit cards) and interest paid on deposits (checking, savings, money markets, CDs, IRAs). Credit union returns profits to members through better rates.
2. Deposit Account Fees: Monthly service fees, overdraft fees, ATM fees (for out-of-network), wire transfer fees, and returned payment fees. Some accounts have no monthly fees.
3. Insurance Commission Revenue: Commission income from referring members to TruStage Insurance Agency for auto, home, life, and AD&D insurance products. $1000 no-cost AD&D coverage provided to members as benefit.
4. Credit Card Interchange: Transaction fees earned on credit card purchases. Platinum Points rewards program offers cash back, travel, and gift card redemptions.
5. Loan Fees: Origination fees, late payment fees, prepayment penalties (on certain loans), and balance transfer fees on credit cards.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels8 records

Core offering

Horizon Credit Union is a not-for-profit cooperative financial institution that provides retail banking and lending services to consumer and small business members across the Pacific Northwest. Its offering spans deposit accounts (checking, savings, money market, certificates, IRAs), consumer loans (auto, recreational vehicles, personal), home loans and HELOCs, credit cards, business banking, and digital banking tools supported by a branch, ATM, and Interactive Teller Machine network.

Product overview

Horizon Credit Union operates as a full-service financial institution offering a comprehensive suite of banking and lending products across checking, savings, money market, certificate, and IRA accounts. The product portfolio centers on core consumer banking with multiple checking options (Summit Checking with up to 3.03% APY, Tether Bundle at 3.03% APY on savings, Replenish, and Explorer Youth), savings accounts (Value Shares, Explorer, HomeStart with homebuyer benefits, and Insurance Plus), and tiered money market accounts (Focus, Vision, and High Yield). Lending offerings span home mortgages (Conventional, FHA, VA, USDA, Manufactured, Land, Medical Professional, Jumbo, and 0% Down programs), home equity products (Momentum HELOC and Elevate HELOC), auto loans, recreational vehicle loans (boats, RVs, powersports), and personal loans. Credit card offerings include Platinum Points (rewards), Platinum, and Classic tiers. Business services include checking, money market, and commercial lending. Digital banking capabilities include mobile/online banking, Money Tracker budgeting tools, Goal Builder, Digital Wallet (Apple Pay, Google Pay, Samsung Wallet), Teller Express phone banking, and ITM video teller services. Additional offerings include TruStage insurance products, Financial Training Ground education resources, Secure Mail, and the Horizon @ Work employer partnership program. The institution operates across four states (Washington, Idaho, Oregon, Montana) with 28+ branches and 30,000+ CO-OP ATM network access.

Differentiator

Problem solved

Functional benefit

Brands

• Tether: Tether Savings Bundle offering 3.03% APY on savings balances up to $15,000 with a bundled free checking account.
• Summit Checking
• HomeStart Savings
• Momentum
• Elevate
• Platinum Points
• Horizon @ Work

Products and services

• Summit Checking Interest-earning consumer checking account offering up to 3.03% APY on balances up to $10,000 when members meet qualifying requirements including 15 debit card transactions, direct deposit, and online banking usage.
• Tether Checking and Savings Bundle Bundled checking and savings account offering 3.03% APY on savings balances up to $15,000 when monthly electronic transfers of $50+ are made from checking to savings.
• Replenish Checking Basic consumer checking account with no monthly service fees and free digital banking access.
• Explorer Youth Checking Checking account designed for members under 21 years of age with no monthly service fees.
• Value Shares Savings Basic savings account earning dividends on balances of $250 or more with no transaction limits.
• Explorer Savings Savings account for youth (ages 0-18) with a $5 minimum opening balance and dividend earnings on balances as low as $5.
• HomeStart Savings Savings account bundled with checking for first-time homebuyers, offering up to 2% APY on balances up to $50,000 plus a $2,000 lender credit for mortgage closing.
• Insurance Plus Shares Savings account with Excess Share Insurance providing additional insurance of up to $250,000 beyond standard NCUA coverage.
• Horizon Focus Money Market Money market account with $100 minimum opening balance and tiered dividend rates starting at $2,500 minimum balance to earn dividends.
• Horizon Vision Money Market Tiered money market account with $25,000 minimum opening balance earning higher dividends on greater balances with no transaction limitations.
• High Yield Money Market Premium tiered money market account with $25,000 minimum opening balance earning the highest dividends on greater balances, with rates up to 1.51% APY.
• Certificates (CDs) Certificate of deposit accounts with terms ranging from 90 days to 60 months, offering competitive dividend rates with monthly compounding.
• IRA Shares and Certificates Individual Retirement Accounts available as share accounts or certificates with Traditional and Roth options, offering tax-advantaged retirement savings.
• Conventional Home Loans Standard mortgage products for purchasing or refinancing single or multi-family homes with competitive rates.
• FHA Loans Federal Housing Administration loans with flexible terms and potential for low down payments and closing costs.
• VA Loans Veterans Affairs loans offering low or no down payment options for qualified service members, veterans, and surviving spouses.
• USDA Loans United States Department of Agriculture loans with no down payment and low interest rates for properties in qualified rural or suburban areas.
• Manufactured/Unique Property Loans Home loans for manufactured homes and properties that do not meet conventional standards, with cash-out refinancing options available.
• Land Loans Loans for purchasing buildable lots where borrowers can construct their own homes.
• Medical Professional Loans Specialized mortgage products for medical professionals including dentists and veterinarians with low down payment options and student loan flexibility.
• Jumbo Loans Larger purchase loans exceeding conventional loan limits for high-value properties.
• Momentum Home Equity Line of Credit HELOC product with 4.99% introductory APR for 3 months, variable standard rate as low as 7.25%, $10,000 minimum loan amount, and 10-year draw period with 15-year repayment.
• Elevate Home Equity Line of Credit HELOC product with no annual fee, no origination fees, one-time fixed rate option, $50,000 minimum in first lien position, and 10-year draw period.
• Auto Loans Vehicle financing for new and used cars and trucks with rates as low as 5.49% APR, flexible terms, and pre-approval options.
• Boat and RV Loans Recreational vehicle loans for boats and RVs with rates as low as 6.49% APR, 90 days no payment option, and flexible terms.
• Powersports Loans Loans for motorcycles, ATVs, UTVs, snowmobiles, PWCs, and other powersports vehicles with rates as low as 8.49% APR.
• Personal Loans Unsecured personal loans with fixed rates starting at $1,000, no collateral required, and terms up to 60 months for debt consolidation, emergencies, or major purchases.
• Platinum Points Credit Card Rewards credit card allowing cardholders to earn points on purchases redeemable for cash back, travel, electronics, and gift cards, with travel and purchase protections.
• Platinum Credit Card Credit card with enhanced protections, insurance, and waivers including extended warranty, travel accident insurance, and hotel theft protection.
• Classic Credit Card Basic credit card with no annual fee, card controls, and fraud protection features.
• Mobile and Online Banking Digital banking platform providing 24/7 account access, mobile check deposit, bill pay, account transfers, money management tools, and text banking.
• Digital Wallet Mobile payment integration supporting Apple Pay, Google Pay, and Samsung Wallet for contactless in-store, online, and in-app purchases.
• Teller Express Telephone banking service providing 24/7 account access with bilingual options for checking balances, transfers, deposits, withdrawals, and loan payments.
• ITMs (Interactive Teller Machines) Video teller machines offering extended hours (7am-7pm) with face-to-face member service for transactions typically done in-branch, located at select branches.
• Business Checking Business deposit account with free digital banking tools for everyday business banking needs.
• Business Money Market High-yield money market account for businesses with tiered rates and accessible funds.
• Business Loans Commercial lending products including term loans, lines of credit, commercial real estate loans, equipment loans, and business vehicle financing.
• TruStage Insurance Insurance products offered through TruStage Insurance Agency including auto, home, life, and accidental death and dismemberment insurance.
• Secure Mail Encrypted messaging system for secure communication of sensitive information between members and the credit union.

Quantifiable outcome

• 3.03% APY on Tether Savings Bundle balances up to $15,000
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core, supporting, foundational and regulatory.

• CO-OP Financial Services (ATM Network)coreTechnology or IntegrationPartnership providing members access to 30,000+ surcharge-free ATMs nationwide. Horizon is not part of shared branching network but CO-OP provides equivalent nationwide ATM access exceeding most banks.
• TruStage Insurance AgencycoreTechnology or IntegrationInsurance partnership offering TruStage auto, home, life, and AD&D insurance products to members. Includes $1000 no-cost AD&D coverage for all members. Underwritten by CMFG Life Insurance Company and other leading insurers.
• GreenPath Financial WellnesssupportingStrategic or Co-development PartnerFinancial counseling partnership providing members access to GreenPath's financial counseling services, debt management, and wellness programs.
• Kaiser Aluminum (Founding Partner)foundationalOthersOriginal founding employer in 1947 - partnership of metal workers at Kaiser Aluminum in Spokane, WA. Historical origin of the credit union.
• Horizon@Work Employer PartnerssupportingGTM or Marketing PartnerEmployer partnerships through Horizon@Work program offering employees exclusive financial product discounts and free financial wellness resources. Brings new members through employer benefit.
• NCUA (National Credit Union Administration)regulatoryOthersFederal regulatory agency providing deposit insurance up to $250,000 per depositor. Deposits also insured by Excess Share Insurance Corporation for additional $250,000 coverage.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Numerica Credit Union: Spokane, WA-based credit union operating across the Inland Northwest with a similar full-service retail banking and lending product set. Direct head-to-head competitor given overlapping Spokane Valley/Spokane geography and comparable community credit union positioning.
• Gesa Credit Union: Washington state-headquartered community credit union with a similar retail deposit, mortgage, and consumer lending focus. Comparable in Pacific Northwest regional scope and member-owned cooperative value proposition.
• Idaho Central Credit Union: Idaho-headquartered community credit union with strong Treasure Valley/Boise presence — overlapping Horizon's Boise branch footprint. Directly comparable on consumer deposit, mortgage, and small-business banking offerings.
• SELCO Community Credit Union: Oregon-based community credit union with full retail, mortgage, and business banking services. Comparable Pacific Northwest member-owned model and similar digital transformation trajectory.
• BECU (Boeing Employees Credit Union): Washington state-headquartered credit union with a broad Pacific Northwest branch network, comparable checking/savings/loan suite, and similar not-for-profit cooperative positioning — a larger-scale mirror of Horizon's model.
• Oregon Community Credit Union: Oregon-based community credit union offering full retail and mortgage products to a similar member demographic. Comparable Pacific Northwest regional footprint and cooperative structure make it a direct substitute for Horizon members in eastern Oregon.
• Mountain America Credit Union: Large Utah-headquartered credit union with multi-state Pacific Northwest/Western U.S. reach, full consumer and mortgage product suite, and similar cooperative positioning. Comparable in scale and product breadth, albeit larger.
• First Tech Federal Credit Union: Pacific Northwest-headquartered credit union serving a tech-forward member base, with a strong digital and mortgage lending platform. Comparable on digital-first priorities and Pacific Northwest geographic scope.

Broad incumbents

• America First Credit Union: One of the largest U.S. credit unions, headquartered in Utah with multi-state Pacific Northwest/Western reach and a full retail, mortgage, and business banking suite. Larger and broader incumbent that competes for similar Pacific Northwest deposits and loans.

Emerging players

• Discover Financial Services: National credit card issuer and digital deposit gatherer with high-yield savings and a cash-back credit card franchise. Competes with Horizon for member deposit balances (savings) and credit card primary relationships, particularly among digitally-native members.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/HZCUcooperative
• LinkedInlinkedin.com/company/horizon-credit-union
• Instagraminstagram.com/hzcu

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Horizon Credit Union