Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2024 • EIN 38-1627377

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 15, 2025

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

58th percentile

0.90x

Higher debt load relative to assets than 58% of similar nonprofits.

2024 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

14.27x

Higher debt load relative to revenue than 41% of similar nonprofits.

2024 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2024

Net Margin

60th percentile

14%

Higher net margin than 60% of similar nonprofits.

2024 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$226,906

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2024 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2024

Asset Growth

40th percentile

1.5%

Faster asset growth than 40% of similar nonprofits.

2024 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

14%

Faster revenue growth than 46% of similar nonprofits.

2024 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$157,142,997

Up $2,280,290 (+1.5%) from 2023

Net Assets

Up

$16,166,538

Up $1,571,682 (+11%) from 2023

Liabilities

Up

$140,976,459

Up $708,608 (+0.5%) from 2023

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin60th percentile

Revenue

Up

$9,882,520

Up $1,233,329 (+14%) from 2023

Expenses

Up

$8,467,512

Up $1,067,585 (+14%) from 2023

Net Income

Up

$1,415,008

Up $165,744 (+13%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2024

Assets$157,142,997
Liabilities$140,976,459
Net Assets$16,166,538
Open 2024 Filing

Operations Trend

Revenue Growth46th 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

2024

Revenue$9,882,520
Expenses$8,467,512
Net Income$1,415,008
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 15, 2025
Return Version
2024v5.1
Gross Receipts
$9,882,520
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$96,232,364$105,401,701▲ $9,169,337
Savings and Temporary Cash Investments$23,073,515$28,600,978▲ $5,527,463
Rtn Earn Endowment Incm Other Fnds$14,594,856$16,166,538▲ $1,571,682
Investments Other Securities$22,713,634$9,888,238▼ $12,825,396
Investments in Publicly Traded Securities$5,906,221$4,530,989▼ $1,375,232
Land, Buildings, and Equipment, Net$2,290,949$2,436,887▲ $145,938
Cash and Non-Interest-Bearing Accounts$1,764,171$1,667,192▼ $96,979
Prepaid Expenses and Deferred Charges$199,597$166,612▼ $32,985
Accounts Receivable$91,650$124,018▲ $32,368
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$154,862,707$157,142,997▲ $2,280,290
Other Assets Total$2,590,606$4,326,382▲ $1,735,776
Liabilities
Other Liabilities$137,714,078$138,833,587▲ $1,119,509
Accounts Payable and Accrued Expenses$2,553,773$2,142,872▼ $410,901
Total Liabilities$140,267,851$140,976,459▲ $708,608
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,594,856$16,166,538▲ $1,571,682
Total Liabilities and Net Assets / Fund Balance$154,862,707$157,142,997▲ $2,280,290

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,966,986$1,658,500$3,625,486
Other Land Buildings$296,549$1,075,534$1,372,083
Land$173,352-$173,352
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin BamfordCEOFT$172,734$54,172$226,906
Heather CarrVice PresidentFT$97,793$28,972$126,765
Stephanie WymanCOOFT$105,517$15,712$121,229

Board Members and Trustees

NameTitle
Lee AndrewsChairman
Anna UlmerDirector
Jeff ColstonDirector
Nicole OsbornDirector
Steven SalterDirector
Rita KoshebaSecretary
Sharon SwaningerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservCore Processor75 REMITTANCE DR, Chicago, IL 60675$1,676,272
Red Rock Information SystemsIt Services1101 40TH ST SE, Grand Rapids, MI 49508$171,081
MicusoAccounting - Consulting204 S MAIN ST, Wayland, MI 49348$132,000
KasasaWebsite/rewards Program6504 PRIDGE POINT PARKWAY STE 500, Austin, TX 78730$112,849
Revenue and Support

Revenue Composition

Contributions and Grants
$1,500
Program Service Revenue
$8,917,415
Investment Income
$963,605
Other Revenue
$0
Change in Net Assets
$1,415,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,748,690
Salaries, Compensation, and Employee Benefits$2,718,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,718,950
Interest---$1,475,594
Information Technology---$683,822
Current Officers, Directors, Trustees, and Key Employees---$474,900
Advertising---$380,388
Office Expenses---$274,192
Other Employee Benefits---$255,034
Occupancy---$219,400
Payroll Taxes---$167,710
Depreciation Depletion---$147,855
Travel---$117,692
Pension Plan Contributions---$102,228
Insurance---$53,832
Other Expenses---$25,039
All Other Expenses---$21,022
Payments to Affiliates---$11,520
Total Functional Expenses$0$0$0$8,467,512
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
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
Shares$138,833,587
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Section A, Line 6

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

Form 990, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section A, 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, Part VI, Section B, 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, Part VI, Section B, Line 12C

“Found in the ee handbook as well as in the directorship responsibility and bank bribery policies. Policies are read and acknowledged by signing annually.”

Form 990, Part VI, Section B, Line 15A

“The board of directors is provided cuna salary survey information for the ceo position. The board reviews the ceo compensation at the annual wage meeting and determines the ceo compensation. The board decision to approve updated compensation is noted inthe board minutes.”

Form 990, Part VI, Section B, Line 15B

“Key employee compensation is determined by the ceo and cfo using the cuna salary survey to determine wage brackets for each position. The board of directors approves the updated compensation.”

Form 990, Part VI, Section C, 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 Union
EIN
38-1627377
Phone
2318945608
Address
2151 COGSWELL DRIVE, WHITEHALL, MI 49461

Signing Officer

Name
Justin Bamford
Title
President & CEO
Signed
2025-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Bamford
Formed
1954
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
47
Volunteers
7

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Donald E Lingerfelt
Phone
8005225820
Raw XML AppendixShowing 400 of 452 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.

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IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt01500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09882520
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0683822
IRS990/InsuranceGrp/TotalAmt053832
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt01475594
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0963605
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0963605
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt022713634
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt09888238
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05906221
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04530989
IRS990/IRPDocumentCnt03101
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02734034
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02290949
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02436887
IRS990/LandBldgEquipCostOrOtherBssAmt05170921
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HARBORLIGHT CREDIT UNION EXISTS TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt014594856
IRS990/NetAssetsOrFundBalancesEOYAmt016166538
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0156674
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0219400
IRS990/OfficeExpensesGrp/TotalAmt0274192
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02590606
IRS990/OtherAssetsTotalGrp/EOYAmt04326382
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0255034
IRS990/OtherExpensesGrp/Desc0PRO SERVICES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR CREDIT LOSSES
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3MISC
IRS990/OtherExpensesGrp/TotalAmt01718804
IRS990/OtherExpensesGrp/TotalAmt1421901
IRS990/OtherExpensesGrp/TotalAmt2197629
IRS990/OtherExpensesGrp/TotalAmt325039
IRS990/OtherLiabilitiesGrp/BOYAmt0137714078
IRS990/OtherLiabilitiesGrp/EOYAmt0138833587
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt01718950
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt096232364
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0105401701
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt011520
IRS990/PayrollTaxesGrp/TotalAmt0167710
IRS990/PensionPlanContributionsGrp/TotalAmt0102228
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0199597
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0166612
IRS990/PrincipalOfficerNm0JUSTIN BAMFORD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0FEES AND OTHER CHARGES
IRS990/ProgramServiceRevenueGrp/Desc1INSURANCE
IRS990/ProgramServiceRevenueGrp/Desc2INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc4MISC OTHER OPERATING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0863561
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11139651
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26277319
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3612393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0870356
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116549
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21139651
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36277319
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4612393
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt06795
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt116549
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR ITS MEMBERS. AS OF 12/31/2024 THE CREDIT UNION HAD 7,654 LOANS OUTSTANDING LOANS TO ITS MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01123226
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04706032
IRS990/PYProgramServiceRevenueAmt07525965
IRS990/PYRevenuesLessExpensesAmt01249264
IRS990/PYSalariesCompEmpBnftPaidAmt02693895
IRS990/PYTotalExpensesAmt07399927
IRS990/PYTotalRevenueAmt08649191
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01415008
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014594856
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt016166538
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023073515
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028600978
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01966986
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01658500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03625486
IRS990ScheduleD/LandGrp/BookValueAmt0173352
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0173352
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0296549
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01075534
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01372083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0138833587
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02436887
IRS990ScheduleD/TotalBookValueSecuritiesAmt09888238
IRS990ScheduleD/TotalLiabilityAmt0138833587
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0172734
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount015641
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012775
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025756
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JUSTIN BAMFORD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0226906
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990ScheduleJ/WrittenEmploymentContractInd0X
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/ExplanationTxt4FOUND IN THE EE HANDBOOK AS WELL AS IN THE DIRECTORSHIP RESPONSIBILITY AND BANK BRIBERY POLICIES. POLICIES ARE READ AND ACKNOWLEDGED BY SIGNING ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS IS PROVIDED CUNA SALARY SURVEY INFORMATION FOR THE CEO POSITION. THE BOARD REVIEWS THE CEO COMPENSATION AT THE ANNUAL WAGE MEETING AND DETERMINES THE CEO COMPENSATION. THE BOARD DECISION TO APPROVE UPDATED COMPENSATION IS NOTED INTHE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO AND CFO USING THE CUNA SALARY SURVEY TO DETERMINE WAGE BRACKETS FOR EACH POSITION. THE BOARD OF DIRECTORS APPROVES THE UPDATED COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0154862707
IRS990/TotalAssetsEOYAmt0157142997
IRS990/TotalAssetsGrp/BOYAmt0154862707
IRS990/TotalAssetsGrp/EOYAmt0157142997
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01500
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08467512
IRS990/TotalGrossUBIAmt024491
IRS990/TotalLiabilitiesBOYAmt0140267851
IRS990/TotalLiabilitiesEOYAmt0140976459
IRS990/TotalLiabilitiesGrp/BOYAmt0140267851
IRS990/TotalLiabilitiesGrp/EOYAmt0140976459

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$157,142,997
Liabilities
$140,976,459
Net assets
$16,166,538
Revenue
$9,882,520
Expenses
$8,467,512
Net income
$1,415,008
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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
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