New Horizon Federal Credit Union was originally chartered as the Babcock & Wilcox Employees Federal Credit Union and was established on September 30, 1935, to serve employees and families of Babcock & Wilcox. In 2004 the credit union changed the name to New Horizon Federal Credit Union still primarily serving the Babcock and Wilcox employees, however, several smaller companies and organizations in the Akron/Barberton area were added to the field of membership. On November 21, 2013, the credit union officially changed the charter to a community credit union serving all of Summit County, Ohio. Anyone that lives, works, worships or attends school in Summit County, Ohio is eligible for membership to New Horizon Federal Credit Union.
The credit union has provided first-rate, affordable financial services to its members since 1935. We are a not-for-profit organization that is owned, controlled and operated by the very members we serve and can offer higher savings rates, lower loan rates, and more free or discounted services than traditional savings institutions. We are here helping you achieve your financial goals.