First of all, we will need to start with the present. IN august 2003, the Credit Union changed its name to “New Horizon Credit Union.”
The original name of “Hyster Danville Employees Credit Union” was established September 30, 1946 as a state Chartered Credit Union and located in the old Fab Bldg. On Voorhees St., Danville, IL. At that time, only employees of Hyster Co. and their immediate family were eligible to join the Credit Union.
In January 1982, the Credit Union moved to 1026 E. Fairchild St., Danville, IL. Then in November 1988, the Credit Union moved to it’s new building and present site at 1019 E. Fairchild St., Danville, IL. The Credit Union has expanded the membership and services. Our field of membership consists of employees of NACCO MHG (formerly Hyster Co.); New Horizon Credit Union; Opportunity Specialist Inc. (OSI); Heath’s Automotive; Kelly Wilburt Valut Co.; Ore W. Vacketta & Sons, Inc. & Dyna Fab Corp. and their family members.
We have changed our name to expand and to continue to grow, but our principal belief of “people helping people” has not changed. The Credit Union is a full service financial institution and we are here to help you through all of your financial needs.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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