Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2015 • EIN 38-1627377

Jan 01, 2015 to Dec 31, 2015 • Filed on May 04, 2016

Organization ProfileWWW.HARBORLIGHTCU.ORG
2151 Cogswell DriveWhitehall, MI 49461

(231) 894-5608

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.89x

Higher debt load relative to assets than 53% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

19.07x

Higher debt load relative to revenue than 50% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Net Margin

26th percentile

3.7%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$145,558

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Asset Growth

22nd percentile

1.2%

Faster asset growth than 22% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

8.1%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$93,815,006

Up $1,083,280 (+1.2%) from 2014

Net Assets

Up

$10,177,479

Up $162,236 (+1.6%) from 2014

Liabilities

Up

$83,637,527

Up $921,044 (+1.1%) from 2014

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin26th percentile

Revenue

Up

$4,386,955

Up $329,899 (+8.1%) from 2014

Expenses

Up

$4,222,976

Up $116,397 (+2.8%) from 2014

Net Income

Up

$163,979

Up $213,502 (+431%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$200M$150M$100M$50M$0Assets 2010: $82,331,692Liabilities 2010: $71,973,684Net Assets 2010: $10,358,0082010Assets 2011: $83,982,723Liabilities 2011: $73,917,650Net Assets 2011: $10,065,0732011Assets 2012: $85,622,331Liabilities 2012: $75,331,130Net Assets 2012: $10,291,2012012Assets 2013: $90,138,838Liabilities 2013: $80,236,877Net Assets 2013: $9,901,9612013Assets 2014: $92,731,726Liabilities 2014: $82,716,483Net Assets 2014: $10,015,2432014Assets 2015: $93,815,006Liabilities 2015: $83,637,527Net Assets 2015: $10,177,4792015Assets 2016: $100,708,944Liabilities 2016: $90,182,366Net Assets 2016: $10,526,5782016Assets 2017: $105,873,017Liabilities 2017: $95,400,463Net Assets 2017: $10,472,5542017Assets 2018: $110,064,269Liabilities 2018: $99,533,426Net Assets 2018: $10,530,8432018Assets 2019: $117,026,310Liabilities 2019: $105,984,137Net Assets 2019: $11,042,1732019Assets 2020: $141,924,533Liabilities 2020: $130,619,096Net Assets 2020: $11,305,4372020Assets 2021: $159,134,723Liabilities 2021: $147,164,822Net Assets 2021: $11,969,9012021Assets 2022: $169,930,532Liabilities 2022: $157,714,894Net Assets 2022: $12,215,6382022Assets 2023: $154,862,707Liabilities 2023: $140,267,851Net Assets 2023: $14,594,8562023Assets 2024: $157,142,997Liabilities 2024: $140,976,459Net Assets 2024: $16,166,5382024

Highlighted filing

2015

Assets$93,815,006
Liabilities$83,637,527
Net Assets$10,177,479
Open 2015 Filing

Operations Trend

Revenue Growth82nd percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $4,905,1492010Expenses 2011: $4,590,7162011Expenses 2012: $4,065,9992012Revenue 2013: $4,033,429Expenses 2013: $4,103,615Net Income 2013: -$70,1862013Revenue 2014: $4,057,056Expenses 2014: $4,106,579Net Income 2014: -$49,5232014Revenue 2015: $4,386,955Expenses 2015: $4,222,976Net Income 2015: $163,9792015Revenue 2016: $4,941,122Expenses 2016: $4,549,093Net Income 2016: $392,0292016Revenue 2017: $5,116,345Expenses 2017: $5,197,948Net Income 2017: -$81,6032017Revenue 2018: $5,840,017Expenses 2018: $5,768,452Net Income 2018: $71,5652018Revenue 2019: $6,558,237Expenses 2019: $6,114,575Net Income 2019: $443,6622019Revenue 2020: $6,422,924Expenses 2020: $6,233,159Net Income 2020: $189,7652020Revenue 2021: $6,554,490Expenses 2021: $5,845,336Net Income 2021: $709,1542021Revenue 2022: $7,219,078Expenses 2022: $6,395,474Net Income 2022: $823,6042022Revenue 2023: $8,649,191Expenses 2023: $7,399,927Net Income 2023: $1,249,2642023Revenue 2024: $9,882,520Expenses 2024: $8,467,512Net Income 2024: $1,415,0082024

Highlighted filing

2015

Revenue$4,386,955
Expenses$4,222,976
Net Income$163,979
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 4, 2016
Return Version
2015v2.1
Gross Receipts
$4,386,955
Mission and Program Overview

Mission

Harborlight credit union exists to improve the financial well-being of our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$46,018,511$52,118,728▲ $6,100,217
Investments Other Securities$38,987,617--
Investments Program Related$3,099,909$16,563,700▲ $13,463,791
Savings and Temporary Cash Investments-$14,793,363-
Rtn Earn Endowment Incm Other Fnds$10,015,243$10,177,479▲ $162,236
Investments in Publicly Traded Securities-$5,365,375-
Land, Buildings, and Equipment, Net$1,476,604$1,438,382▼ $38,222
Cash and Non-Interest-Bearing Accounts$912,663$1,126,025▲ $213,362
Prepaid Expenses and Deferred Charges$107,038$178,022▲ $70,984
Total Assets$92,731,726$93,815,006▲ $1,083,280
Other Assets Total$2,129,384$2,231,411▲ $102,027
Liabilities
Other Liabilities$82,475,003$83,167,474▲ $692,471
Accounts Payable and Accrued Expenses$241,480$315,705▲ $74,225
Escrow Account Liability-$154,348-
Total Liabilities$82,716,483$83,637,527▲ $921,044
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,015,243$10,177,479▲ $162,236
Total Liabilities and Net Assets / Fund Balance$92,731,726$93,815,006▲ $1,083,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,190,316$923,440$2,113,756
Equipment$76,464$811,903$888,367
Land$171,602-$171,602
Investment Program Related Org$404,700--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda HugheyCEOFT$97,156$48,402$145,558
Barbara BlairAccounting MFT$44,294$16,111$60,405

Board Members and Trustees

NameTitle
Allen RantBoard Presid
Leon KayDirector
Rita KoshebaDirector
Sharon SwaningerDirector
Steve MayberryDirector
Summer KlompSecretary
Thomas GeorgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,905,683
Investment Income
$462,654
Other Revenue
$18,618
Change in Net Assets
$163,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,786,529
Salaries, Compensation, and Employee Benefits$1,436,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$1,353,779
Other Salaries and Wages---$904,230
Information Technology---$386,082
Other Employee Benefits---$205,821
Fees for Services Other---$205,076
Current Officers, Directors, Trustees, and Key Employees---$141,450
Advertising---$99,452
Occupancy---$95,629
Pension Plan Contributions---$95,244
Other Expenses---$91,068
Payroll Taxes---$89,702
Insurance---$81,536
Depreciation Depletion---$79,364
Conferences and Meetings---$37,463
Travel---$26,968
Interest---$3
Total Functional Expenses$0$0$0$4,222,976
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$83,321,822
Adjust Escrow Accts to Line 21$-154,348
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 6

“The organization has members. To be a member, one must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 11B

“Management provides data to independent cpa to prepare the return. Management reviews the return for accuracy, and then authorizes the cpa to e-file the approved return. Management reviews the return with the directors at the next board meeting.”

Form 990, Page 6, Part VI, Line 12C

“Policies are read and acknowledged annually by signing and are returned to ceo.”

Form 990, Page 6, Part VI, Line 15A

“Ceo uses the cuna salary survey to determine wage brackets for each staff position and provides the ceo position bracket information to the board. The board reviews the ceo compensation at the annual wage meeting and determines final ceo compensation. The board decision to approve updated wages is noted in the board minutes.”

Form 990, Page 6, Part VI, Line 15B

“Key employee compensation is determined by the ceo in accordance with the wage budget approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and policies are available upon request. Financial statements are posted in the lobby.”

Filing and Contact Details

Filer

Filer Name
Harborlight Credit Unioin
EIN
38-1627377
Phone
2318945608
Address
2151 COGSWELL DRIVE, WHITEHALL, MI 49461

Signing Officer

Name
Linda Hughey
Title
CEO
Phone
2318945608
Signed
2016-05-04

Organization Details

Principal Officer
Linda Hughey
Formed
1954
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
37
Volunteers
10

Preparer

Preparer
Brent Wookey CPA
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The credit union holds funds in escrow accounts for property taxes and homeowners insurance related to mortgage loans.”

Raw XML Appendix362 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/BOYAmt0241480
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0315705
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0HARBORLIGHT CREDIT UNION EXISTS TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS.
IRS990/AdvertisingGrp/TotalAmt099452
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0BARB BLAIR
IRS990/BooksInCareOfDetail/PhoneNum02318945608
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02151 COGSWELL DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WHITEHALL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049461
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0912663
IRS990/CashNonInterestBearingGrp/EOYAmt01126025
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0141450
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt037463
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0462654
IRS990/CYOtherExpensesAmt02786529
IRS990/CYOtherRevenueAmt018618
IRS990/CYProgramServiceRevenueAmt03905683
IRS990/CYRevenuesLessExpensesAmt0163979
IRS990/CYSalariesCompEmpBnftPaidAmt01436447
IRS990/CYTotalExpensesAmt04222976
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04386955
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt079364
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 949 NEW DEPOSIT ACCOUNTS IN 2015. AS OF 12/31/15 WE HAD 10,342 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/EOYAmt0154348
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt0205076
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
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/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt748402
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt816111
IRS990/Form990PartVIISectionAGrp/PersonNm0ALLEN RANT
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS GEORGE
IRS990/Form990PartVIISectionAGrp/PersonNm2SUMMER KLOMP
IRS990/Form990PartVIISectionAGrp/PersonNm3SHARON SWANINGER
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVE MAYBERRY
IRS990/Form990PartVIISectionAGrp/PersonNm5LEON KAY
IRS990/Form990PartVIISectionAGrp/PersonNm6RITA KOSHEBA
IRS990/Form990PartVIISectionAGrp/PersonNm7LINDA HUGHEY
IRS990/Form990PartVIISectionAGrp/PersonNm8BARBARA BLAIR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt797156
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt844294
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESID
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8ACCOUNTING M
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt01085
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01085
IRS990/GrossReceiptsAmt04386955
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0386082
IRS990/InsuranceGrp/TotalAmt081536
IRS990/InterestGrp/TotalAmt03
IRS990/InvestmentIncomeGrp/ExclusionAmt0461569
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0461569
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt038987617
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03099909
IRS990/InvestmentsProgramRelatedGrp/EOYAmt016563700
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05365375
IRS990/IRPDocumentCnt01611
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01735343
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01476604
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01438382
IRS990/LandBldgEquipCostOrOtherBssAmt03173725
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HARBORLIGHT CREDIT UNION EXISTS TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010015243
IRS990/NetAssetsOrFundBalancesEOYAmt010177479
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01085
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01085
IRS990/NetUnrelatedBusTxblIncmAmt0-31088
IRS990/NetUnrlzdGainsLossesInvstAmt0-1743
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt095629
IRS990/OfficeExpensesGrp/TotalAmt01353779
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02129384
IRS990/OtherAssetsTotalGrp/EOYAmt02231411
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0205821
IRS990/OtherExpensesGrp/Desc0DIVIDENDS EXP
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0330109
IRS990/OtherExpensesGrp/TotalAmt191068
IRS990/OtherLiabilitiesGrp/BOYAmt082475003
IRS990/OtherLiabilitiesGrp/EOYAmt083167474
IRS990/OtherSalariesAndWagesGrp/TotalAmt0904230
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt046018511
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt052118728
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt089702
IRS990/PensionPlanContributionsGrp/TotalAmt095244
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0107038
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0178022
IRS990/PrincipalOfficerNm0LINDA HUGHEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4541800
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MEMBEER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3OTHER MEMBER RELATED INCOME
IRS990/ProgramServiceRevenueGrp/Desc4ADVERTISING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02645474
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1632312
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2570706
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt338645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02645474
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1632312
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2570706
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt338645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt48518
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt08518
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,538 NEW LOANS TO OUR MEMBERS DURING 2015. AS OF 12/31/15 WE HAD 5,554 LOANS TO OUR MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0496412
IRS990/PYOtherExpensesAmt02626177
IRS990/PYProgramServiceRevenueAmt03560914
IRS990/PYRevenuesLessExpensesAmt0-49253
IRS990/PYSalariesCompEmpBnftPaidAmt01480402
IRS990/PYTotalExpensesAmt04106579
IRS990/PYTotalRevenueAmt04057326
IRS990/ReconcilationRevenueExpnssAmt0163979
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt018618
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt018618
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010015243
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010177479
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014793363
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01190316
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0923440
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02113756
IRS990ScheduleD/EquipmentGrp/BookValueAmt076464
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0811903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0888367
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt016159000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1404700
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS WITH MATURITY > 1 YR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPITAL ACCTS CORPORATE CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0171602
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0171602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083321822
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-154348
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADJUST ESCROW ACCTS TO LINE 21
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01438382
IRS990ScheduleD/TotalBookValueProgramRltdAmt016563700
IRS990ScheduleD/TotalLiabilityAmt083167474
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT PROVIDES DATA TO INDEPENDENT CPA TO PREPARE THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE DIRECTORS AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICIES ARE READ AND ACKNOWLEDGED ANNUALLY BY SIGNING AND ARE RETURNED TO CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CEO USES THE CUNA SALARY SURVEY TO DETERMINE WAGE BRACKETS FOR EACH STAFF POSITION AND PROVIDES THE CEO POSITION BRACKET INFORMATION TO THE BOARD. THE BOARD REVIEWS THE CEO COMPENSATION AT THE ANNUAL WAGE MEETING AND DETERMINES FINAL CEO COMPENSATION. THE BOARD DECISION TO APPROVE UPDATED WAGES IS NOTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO IN ACCORDANCE WITH THE WAGE BUDGET APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt092731726
IRS990/TotalAssetsEOYAmt093815006
IRS990/TotalAssetsGrp/BOYAmt092731726
IRS990/TotalAssetsGrp/EOYAmt093815006
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04222976
IRS990/TotalGrossUBIAmt018546
IRS990/TotalLiabilitiesBOYAmt082716483
IRS990/TotalLiabilitiesEOYAmt083637527
IRS990/TotalLiabilitiesGrp/BOYAmt082716483
IRS990/TotalLiabilitiesGrp/EOYAmt083637527
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010015243
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010177479
IRS990/TotalOtherCompensationAmt064513
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt010028
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt010028
IRS990/TotalProgramServiceRevenueAmt03905683
IRS990/TotalReportableCompFromOrgAmt0141450
IRS990/TotalRevenueGrp/ExclusionAmt0480187
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03888222
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04386955
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt018546
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt092731726
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt093815006
IRS990/TravelGrp/TotalAmt026968
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02151 COGSWELL DRIVE
IRS990/USAddress/CityNm0WHITEHALL
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049461
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.HARBORLIGHTCU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA HUGHEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02318945608
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HARBORLIGHT CREDIT UNIOIN
ReturnHeader/Filer/BusinessNameControlTxt0HARB
ReturnHeader/Filer/EIN0381627377
ReturnHeader/Filer/PhoneNum02318945608
ReturnHeader/Filer/USAddress/AddressLine1Txt02151 COGSWELL DRIVE
ReturnHeader/Filer/USAddress/CityNm0WHITEHALL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049461
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02016-05-06T12:24:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$93,815,006
Liabilities
$83,637,527
Net assets
$10,177,479
Revenue
$4,386,955
Expenses
$4,222,976
Net income
$163,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$157$141$16.2$9.88$8.47$1.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$155$140$14.6$8.65$7.40$1.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$170$158$12.2$7.22$6.40$0.82
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$159$147$12.0$6.55$5.85$0.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$142$131$11.3$6.42$6.23$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$106$11.0$6.56$6.11$0.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$99.5$10.5$5.84$5.77$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$95.4$10.5$5.12$5.20$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$90.2$10.5$4.94$4.55$0.39
2015Detailed filing. Detailed filing data is available for this year.$93.8$83.6$10.2$4.39$4.22$0.16
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.7$82.7$10.0$4.06$4.11$0.05
2013Detailed filing. Detailed filing data is available for this year.$90.1$80.2$9.90$4.03$4.10$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.6$75.3$10.3$4.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.0$73.9$10.1$4.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.3$72.0$10.4$4.91