Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2014 • EIN 38-1502320

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 30, 2015

Organization Profilewww.safeharborcu.org
1200 East Tinkham Ave PO Box 980Ludington, MI 49431

(231) 843-2323

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.91x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

22.80x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

88th percentile

19%

Higher net margin than 88% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

16th percentile

$69,150

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

65th percentile

3.1%

Faster asset growth than 65% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

75th percentile

3.2%

Faster revenue growth than 75% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$42,976,286

Up $1,311,932 (+3.1%) from 2013

Net Assets

Up

$3,841,718

Up $320,581 (+9.1%) from 2013

Liabilities

Up

$39,134,568

Up $991,351 (+2.6%) from 2013

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin88th percentile

Revenue

Up

$1,716,781

Up $54,035 (+3.2%) from 2013

Expenses

Down

$1,396,200

Down $76,265 (-5.2%) from 2013

Net Income

Up

$320,581

Up $130,300 (+68%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $38,728,538Liabilities 2011: $35,447,986Net Assets 2011: $3,280,5522011Assets 2012: $40,463,311Liabilities 2012: $37,132,455Net Assets 2012: $3,330,8562012Assets 2013: $41,664,354Liabilities 2013: $38,143,217Net Assets 2013: $3,521,1372013Assets 2014: $42,976,286Liabilities 2014: $39,134,568Net Assets 2014: $3,841,7182014Assets 2015: $45,612,806Liabilities 2015: $41,495,909Net Assets 2015: $4,116,8972015Assets 2016: $49,054,280Liabilities 2016: $44,329,273Net Assets 2016: $4,725,0072016Assets 2017: $55,500,247Liabilities 2017: $50,036,942Net Assets 2017: $5,463,3052017Assets 2018: $60,570,880Liabilities 2018: $54,153,837Net Assets 2018: $6,417,0432018Assets 2019: $68,656,173Liabilities 2019: $61,197,377Net Assets 2019: $7,458,7962019Assets 2020: $90,114,212Liabilities 2020: $81,381,342Net Assets 2020: $8,732,8702020Assets 2021: $115,789,005Liabilities 2021: $105,551,764Net Assets 2021: $10,237,2412021Assets 2022: $130,837,946Liabilities 2022: $119,650,107Net Assets 2022: $11,187,8392022Assets 2023: $144,959,154Liabilities 2023: $131,917,613Net Assets 2023: $13,041,5412023

Highlighted filing

2014

Assets$42,976,286
Liabilities$39,134,568
Net Assets$3,841,718
Open 2014 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Expenses 2011: $1,635,1512011Revenue 2012: $1,708,692Expenses 2012: $1,658,388Net Income 2012: $50,3042012Revenue 2013: $1,662,746Expenses 2013: $1,472,465Net Income 2013: $190,2812013Revenue 2014: $1,716,781Expenses 2014: $1,396,200Net Income 2014: $320,5812014Revenue 2015: $1,761,962Expenses 2015: $1,486,783Net Income 2015: $275,1792015Revenue 2016: $2,040,942Expenses 2016: $1,432,832Net Income 2016: $608,1102016Revenue 2017: $2,655,993Expenses 2017: $1,867,067Net Income 2017: $788,9262017Revenue 2018: $3,463,967Expenses 2018: $2,499,611Net Income 2018: $964,3562018Revenue 2019: $4,169,000Expenses 2019: $3,194,519Net Income 2019: $974,4812019Revenue 2020: $4,822,067Expenses 2020: $3,585,695Net Income 2020: $1,236,3722020Revenue 2021: $5,498,862Expenses 2021: $3,880,835Net Income 2021: $1,618,0272021Revenue 2022: $6,315,016Expenses 2022: $4,749,542Net Income 2022: $1,565,4742022Revenue 2023: $8,484,424Expenses 2023: $6,772,288Net Income 2023: $1,712,1362023

Highlighted filing

2014

Revenue$1,716,781
Expenses$1,396,200
Net Income$320,581
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 30, 2015
Return Version
2014v5.0
Gross Receipts
$1,716,781
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$21,997,473$24,179,749▲ $2,182,276
Investments Other Securities$12,780,632$11,774,013▼ $1,006,619
Savings and Temporary Cash Investments$4,461,848$4,637,535▲ $175,687
Rtn Earn Endowment Incm Other Fnds$3,521,137$3,841,718▲ $320,581
Land, Buildings, and Equipment, Net$1,302,413$1,242,799▼ $59,614
Cash and Non-Interest-Bearing Accounts$558,928$573,603▲ $14,675
Prepaid Expenses and Deferred Charges$18,411$44,077▲ $25,666
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$41,664,354$42,976,286▲ $1,311,932
Other Assets Total$544,649$524,510▼ $20,139
Liabilities
Other Liabilities$37,863,636$38,919,522▲ $1,055,886
Accounts Payable and Accrued Expenses$279,581$215,046▼ $64,535
Total Liabilities$38,143,217$39,134,568▲ $991,351
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,521,137$3,841,718▲ $320,581
Total Liabilities and Net Assets / Fund Balance$41,664,354$42,976,286▲ $1,311,932

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,057,307$338,818$1,396,125
Other Land Buildings$82,285$248,421$330,706
Equipment$68,638$97,861$166,499
Land$28,556-$28,556
Leasehold Improvements$6,013$6,737$12,750
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jean MazurPresident/CEOFT$69,150$69,150

Board Members and Trustees

NameTitle
Kevin RichardsonChairperson
Rick ChapmanVice Chair
David KasleyDirector
Kelli SmithDirector
Marcia HansenDirector
Tangee PettisSecretary
Ronald LambTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,466,630
Investment Income
$229,405
Other Revenue
$20,746
Change in Net Assets
$320,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$792,641
Salaries, Compensation, and Employee Benefits$603,559
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$358,474
Other Employee Benefits---$112,705
Interest---$107,717
Information Technology---$98,499
Occupancy---$86,221
All Other Expenses---$76,179
Depreciation Depletion---$73,675
Advertising---$72,343
Current Officers, Directors, Trustees, and Key Employees---$69,150
Office Expenses---$54,878
Payroll Taxes---$39,645
Pension Plan Contributions---$23,585
Other Expenses---$21,661
Insurance---$14,845
Fees for Services Accounting---$10,682
Travel---$8,355
Fees for Services Legal---$7,707
Total Functional Expenses$0$0$0$1,396,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$25,144,240
Member Deposit Accounts$13,775,282
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Section 501c(14) Credit Union is composed of members.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Mergers are voted on by entire membership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Employee and Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.”

Filing and Contact Details

Filer

Filer Name
Safe Harbor Credit Union
EIN
38-1502320
Phone
2318432323
Address
1200 East Tinkham Ave PO Box 980, Ludington, MI 49431

Signing Officer

Name
Jean Mazur
Title
President/CEO
Signed
2015-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Mazur
Formed
1952
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
20
Volunteers
7

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG ROAD, LOUISVILLE, KY 40218
Preparer
Robin Rivers
Phone
8005225820
Raw XML AppendixShowing 400 of 417 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0279581
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0215046
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide financial services and products to members.
IRS990/AdvertisingGrp/TotalAmt072343
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt076179
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Jean Mazur
IRS990/BooksInCareOfDetail/PhoneNum02318432323
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01200 East Tinkham Ave PO Box 980
IRS990/BooksInCareOfDetail/USAddress/CityNm0Ludington
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0494310980
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0558928
IRS990/CashNonInterestBearingGrp/EOYAmt0573603
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt069150
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0229405
IRS990/CYOtherExpensesAmt0792641
IRS990/CYOtherRevenueAmt020746
IRS990/CYProgramServiceRevenueAmt01466630
IRS990/CYRevenuesLessExpensesAmt0320581
IRS990/CYSalariesCompEmpBnftPaidAmt0603559
IRS990/CYTotalExpensesAmt01396200
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01716781
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt073675
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2014 was 4,688.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt010682
IRS990/FeesForServicesLegalGrp/TotalAmt07707
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Kevin Richardson
IRS990/Form990PartVIISectionAGrp/PersonNm1Rick Chapman
IRS990/Form990PartVIISectionAGrp/PersonNm2Tangee Pettis
IRS990/Form990PartVIISectionAGrp/PersonNm3Ronald Lamb
IRS990/Form990PartVIISectionAGrp/PersonNm4David Kasley
IRS990/Form990PartVIISectionAGrp/PersonNm5Kelli Smith
IRS990/Form990PartVIISectionAGrp/PersonNm6Marcia Hansen
IRS990/Form990PartVIISectionAGrp/PersonNm7Jean Mazur
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt769150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7President/CEO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01716781
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt098499
IRS990/InsuranceGrp/TotalAmt014845
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0107717
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0229405
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0229405
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt012780632
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt011774013
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt04758
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0691837
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01302413
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01242799
IRS990/LandBldgEquipCostOrOtherBssAmt01934636
IRS990/LegalDomicileStateCd0MI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03521137
IRS990/NetAssetsOrFundBalancesEOYAmt03841718
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt01635
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt086221
IRS990/OfficeExpensesGrp/TotalAmt054878
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0544649
IRS990/OtherAssetsTotalGrp/EOYAmt0524510
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0112705
IRS990/OtherExpensesGrp/Desc0ATM Processing
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc2Professional Services
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt061981
IRS990/OtherExpensesGrp/TotalAmt160569
IRS990/OtherExpensesGrp/TotalAmt237329
IRS990/OtherExpensesGrp/TotalAmt321661
IRS990/OtherLiabilitiesGrp/BOYAmt037863636
IRS990/OtherLiabilitiesGrp/EOYAmt038919522
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0Income from Insurance
IRS990/OtherRevenueMiscGrp/Desc1Non-Member ATM Fees
IRS990/OtherRevenueMiscGrp/Desc2Sprint Reimbursement
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08265
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014283
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15605
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2858
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt06018
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt15605
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt2858
IRS990/OtherRevenueTotalAmt020746
IRS990/OtherSalariesAndWagesGrp/TotalAmt0358474
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt021997473
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt024179749
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt039645
IRS990/PensionPlanContributionsGrp/TotalAmt023585
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018411
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044077
IRS990/PrincipalOfficerNm0Jean Mazur
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0Income on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc2Non-Return Item Fees
IRS990/ProgramServiceRevenueGrp/Desc3Other Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc4Return Item Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01035201
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1135950
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2121940
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3116569
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt456970
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01035201
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1135950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2121940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3116569
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt456970
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2014 was 1,997.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0212418
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0834273
IRS990/PYOtherRevenueAmt020717
IRS990/PYProgramServiceRevenueAmt01429611
IRS990/PYRevenuesLessExpensesAmt0190281
IRS990/PYSalariesCompEmpBnftPaidAmt0638192
IRS990/PYTotalExpensesAmt01472465
IRS990/PYTotalRevenueAmt01662746
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0320581
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03521137
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03841718
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04461848
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04637535
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01057307
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0338818
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01396125
IRS990ScheduleD/EquipmentGrp/BookValueAmt068638
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097861
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0166499
IRS990ScheduleD/LandGrp/BookValueAmt028556
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028556
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06013
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06737
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012750
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt082285
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0248421
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0330706
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013775282
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt125144240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Share Accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01242799
IRS990ScheduleD/TotalBookValueSecuritiesAmt011774013
IRS990ScheduleD/TotalLiabilityAmt038919522
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501c(14) Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee and Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt041664354
IRS990/TotalAssetsEOYAmt042976286
IRS990/TotalAssetsGrp/BOYAmt041664354
IRS990/TotalAssetsGrp/EOYAmt042976286
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01396200
IRS990/TotalGrossUBIAmt012481
IRS990/TotalLiabilitiesBOYAmt038143217
IRS990/TotalLiabilitiesEOYAmt039134568
IRS990/TotalLiabilitiesGrp/BOYAmt038143217
IRS990/TotalLiabilitiesGrp/EOYAmt039134568
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03521137
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03841718
IRS990/TotalProgramServiceRevenueAmt01466630
IRS990/TotalReportableCompFromOrgAmt069150
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01704300
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01716781
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012481
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt041664354
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042976286
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt08355
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01200 East Tinkham Ave
IRS990/USAddress/CityNm0Ludington
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0494310980
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.safeharborcu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jean Mazur
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President/CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Safe Harbor Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0SAFE
ReturnHeader/Filer/EIN0381502320

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,976,286
Liabilities
$39,134,568
Net assets
$3,841,718
Revenue
$1,716,781
Expenses
$1,396,200
Net income
$320,581
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$145$132$13.0$8.48$6.77$1.71
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$131$120$11.2$6.32$4.75$1.57
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$116$106$10.2$5.50$3.88$1.62
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.1$81.4$8.73$4.82$3.59$1.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.7$61.2$7.46$4.17$3.19$0.97
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.6$54.2$6.42$3.46$2.50$0.96
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.5$50.0$5.46$2.66$1.87$0.79
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.1$44.3$4.73$2.04$1.43$0.61
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.6$41.5$4.12$1.76$1.49$0.28
2014Detailed filing. Detailed filing data is available for this year.$43.0$39.1$3.84$1.72$1.40$0.32
2013Detailed filing. Detailed filing data is available for this year.$41.7$38.1$3.52$1.66$1.47$0.19
2012Summary only. Only limited summary data is available for this year.$40.5$37.1$3.33$1.71$1.66$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.7$35.4$3.28$1.64