Horizon Credit Union: Banking, Loans, and Membership

Horizon Credit Union Overview

Horizon Credit Union is a member-owned credit union headquartered in Farmington, Utah. It was founded in 1956 as Davis School District Employees Credit Union, originally serving employees of the Davis County School District. Over time, the credit union expanded its membership and services while maintaining its roots in Davis County.

Today, Horizon Credit Union serves more than 13,000 members and operates five physical branches in Clearfield, Farmington, Kaysville, West Point, and Woods Cross. Its products and services include checking and savings accounts, certificates, youth accounts, credit cards, personal and vehicle loans, mortgages and home equity financing, business banking, and digital banking tools.

History and Expansion

Horizon Credit Union was founded on April 6, 1956, when 12 people met at Davis High School to establish a credit union for employees of the Davis County School District. The new institution was incorporated as Davis School District Employees Credit Union, with Davis High School serving as its original home. At an organizational meeting later that month, 16 original members made deposits totaling just $295.

The credit union gradually expanded alongside its membership. In 1963, Horizon hired Neale Davis as its first full-time employee. During his 30 years with the credit union, assets grew from approximately $600,000 to $30 million, while the main office moved from a small home in Farmington to larger facilities. Branches in Bountiful and Clearfield began opening in 1982 and 1983, respectively, and additional locations were later established in Kaysville and West Point. The former Bountiful-area presence is now represented by Horizon’s South Branch in Woods Cross.

In 2026, Horizon Credit Union marked its 70th anniversary. The credit union now reports more than 13,000 members and approximately $185 million in assets, with five physical branches across Davis County. Horizon also remains involved in northern Utah communities through local partnerships and programs such as Warm the Soles, which has provided new shoes to underserved Utah children and youth for more than 20 years.

​Horizon Credit Union Products and Services

Horizon Credit Union offers personal and business financial services, including checking accounts, savings accounts, money market accounts, IRAs, share certificates, youth accounts, credit cards, personal loans, vehicle financing, mortgages, home equity financing, and business banking. Members also have access to online and mobile banking tools for managing their accounts.

Horizon’s website is not particularly easy to navigate, and information about all available products and services is not clearly presented online. Some account details and product options may require additional research beyond the main product pages. Members and prospective members who want a complete list of available products, current requirements, or additional details should contact Horizon Credit Union directly or visit a branch.

Checking Accounts at Horizon Credit Union

Horizon Credit Union offers a straightforward checking account for everyday banking rather than multiple named checking options. The account has no monthly maintenance fee or minimum balance requirement and includes access to a Visa debit card and Horizon’s online and mobile banking services.

Horizon Checking

Horizon’s checking account is designed for members who want a basic account for everyday spending, deposits, transfers, and bill payments.

• Monthly fee: $0
• Minimum balance requirement: $0

Horizon also offers Debit Card Round Up, which rounds eligible debit card purchases to the next dollar and transfers the difference to savings, helping members save small amounts automatically.

Savings Accounts at Horizon Credit Union

Horizon Credit Union offers several savings options, including the required membership share account, additional share savings, dedicated savings, money market accounts, and IRA savings. Deposits are federally insured by the NCUA within applicable limits. Horizon’s website does not clearly explain every account feature, so members may need to contact the credit union or visit a branch for complete details.

Membership Share

The Membership Share account establishes membership in Horizon Credit Union and serves as the member’s basic savings account.

• Minimum to open: $5
• Key purpose: Establishes credit union membership

Special Share

The Special Share account provides an additional savings account for members who want to separate money from their primary membership share.

• Minimum balance requirement: $250 to earn dividends
• Key purpose: Additional general-purpose savings

Dedicated Savings

Dedicated Savings is designed for members who want to set aside money for a specific goal or future expense.

• Minimum balance requirement: $0
• Key purpose: Goal-based savings

Money Market Account

Horizon’s Money Market Account is designed for members who maintain larger savings balances while keeping access to their funds.

• Minimum to open: $2,000
• Withdrawal access: Deposits and withdrawals are available without an early-withdrawal penalty

Traditional IRA Share

The Traditional IRA Share provides a retirement-focused savings option within an individual retirement account.

• Key purpose: Retirement savings
• Account type: Traditional IRA

Roth IRA Share

The Roth IRA Share provides another retirement savings option for members who qualify for a Roth IRA.

• Key purpose: Retirement savings
• Account type: Roth IRA

Credit Cards at Horizon Credit Union

myhorizoncu.com/credit-cards | Credit Cards

Horizon Credit Union offers two consumer Visa credit cards: the HCU Visa Classic and HCU Visa Rewards. Both cards have a $0 annual fee and offer balance transfers with no transfer fee. The main difference is that the Visa Rewards card earns cash back, while the Visa Classic does not.

HCU Visa Classic

The HCU Visa Classic is a straightforward credit card without a rewards program.

Best for: Members who want a basic credit card without an annual fee.

• Annual fee: $0
• Welcome bonus: None
• Intro offer: Not offered
• Rewards: None

HCU Visa Rewards

The HCU Visa Rewards earns cash back on qualifying purchases, with rewards automatically applied to the member’s account after each month closes.

Best for: Members who want to earn cash back on everyday purchases.

• Annual fee: $0
• Welcome bonus: None
• Intro offer: Not offered
• Rewards: 1.5% cash back on qualifying purchases

Loans

Horizon Credit Union offers several consumer loan options for personal expenses, vehicles, and recreational purchases. Members can choose between unsecured borrowing and loans secured by eligible savings or property.

Signature Loans

Signature Loans provide unsecured financing that can be used for a variety of personal expenses.

• Common uses: Personal expenses or debt consolidation
• Secured or unsecured: Unsecured

Personal Line of Credit

Horizon’s Personal Line of Credit provides revolving access to funds up to an approved credit limit.

• Common uses: Ongoing or unexpected expenses
• Secured or unsecured: Unsecured

Auto Loans

Horizon provides financing for members purchasing new or used vehicles.

• Eligible collateral: New and used vehicles
• Available terms: Vary based on the vehicle and financing amount

Recreational Vehicle Loans

Recreational Vehicle Loans can finance several types of recreational vehicles and equipment.

• Eligible collateral: RVs, campers, motorcycles, ATVs, boats, and personal watercraft
• Available terms: Vary based on the vehicle and financing amount

Share-Secured Loans

Share-Secured Loans allow members to borrow against eligible funds held in their Horizon savings account.

• Eligible collateral: Qualifying share account balances
• Key feature: Savings remain on deposit while securing the loan

Certificate-Secured Loans

Certificate-Secured Loans allow members to use an eligible Horizon certificate as collateral.

• Eligible collateral: Qualifying certificate balances
• Key feature: Certificate funds remain on deposit while securing the loan

Mortgages and Home Loans

Horizon Credit Union offers home financing through its Welcome Home Loans program, including mortgages for home purchases, refinancing, and options for accessing home equity.

Home Purchase Mortgages

Horizon offers mortgage financing for members purchasing a primary residence or other eligible property.

• Loan purpose: Home purchase
• Available terms: 10, 15, 20, and 30 years

Mortgage Refinancing

Mortgage refinancing allows homeowners to replace an existing mortgage with a new Horizon home loan.

• Loan purpose: Refinance an existing mortgage
• Available terms: Up to 30 years

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) provides revolving access to funds based on available equity in a qualifying home.

• Equity access: Revolving line of credit
• Common uses: Home improvements, major expenses, or debt consolidation

Second Mortgage

Horizon offers second mortgages for homeowners who want to borrow a fixed amount against available home equity.

• Equity access: Lump-sum financing
• Common uses: Home improvements, education, major expenses, or debt consolidation

Home$tart

Horizon participates in Home$tart, a homeownership assistance program for qualifying first-time homebuyers.

• Best for: Eligible first-time homebuyers
• Key purpose: Assistance with down-payment and home-purchase costs

Who Can Join Horizon Credit Union?

Horizon Credit Union has a relatively flexible membership structure built around existing members and several participating organizations. Unlike some Utah credit unions, Horizon does not currently advertise membership simply based on living in a particular county.

• Counties: No general county-based membership path is currently listed
• Family: Family or household members of an existing Horizon Credit Union member can qualify
• Employers and organizations: Eligibility is available through participating organizations, including Davis Education Foundation, Lifetime Products, Davis Technical College, and Davis School District
• Other paths: Individuals who do not qualify through family or one of the listed organizations may still become eligible by joining the Financial Fitness Association at no cost 

Horizon also states that spouses of individuals who died while within the credit union’s field of membership may qualify. A $5 deposit opens the required Share Savings account and establishes membership. Prospective members should verify their eligibility online, by calling Horizon Credit Union, or by visiting a branch.

Conclusion

Horizon Credit Union has served Utah members since 1956, when it was founded as Davis School District Employees Credit Union by employees of the Davis County School District. From its education-focused beginnings, the credit union gradually expanded its membership, services, and physical presence while remaining centered in Davis County. Today, Horizon is headquartered in Farmington and operates five branches in Clearfield, Farmington, Kaysville, West Point, and Woods Cross, serving more than 13,000 members.

Horizon’s services include checking and savings accounts, money market accounts, share certificates, youth accounts, Visa credit cards, personal and vehicle loans, mortgages, home equity financing, and business banking, along with online and mobile banking tools. Membership is available through qualifying family and household relationships, participating employers and organizations, and other eligible membership paths. With its continued involvement in local schools and community programs, Horizon retains many of the community-focused characteristics that have shaped the credit union since its founding.

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Disclaimer:
This page is not affiliated with, maintained by, or sponsored by Horizon Credit Union. Information may change after publication, so please verify details directly with the institution. UtahFi does not guarantee the accuracy of this content. The name and logo are trademarks of Horizon Credit Union.