Civic Intelligence

Lake Superior Credit Union

EIN 38-1690618 • 501(c)14 • Ontonagon, MI

Profile

Provide financial services and products to members.

PO Box 38Ontonagon, MI 49953

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.88x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

14.87x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Net Margin

99th percentile

51%

Higher net margin than 99% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$53,509

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Asset Growth

29th percentile

-3.1%

Faster asset growth than 29% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

13%

Faster revenue growth than 71% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$10,138,292

Down $321,912 (-3.1%) from 2023

Liabilities

Down

$8,917,507

Down $627,589 (-6.6%) from 2023

Net Assets

Up

$1,220,785

Up $305,677 (+33%) from 2023

Operations
Liabilities / Revenue45th percentileNet Margin99th percentile

Revenue

Up

$599,659

Up $67,668 (+13%) from 2023

Expenses

Down

$293,982

Down $18,937 (-6.1%) from 2023

Net Income

Up

$305,677

Up $86,605 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $5,064,109Liabilities 2011: $4,561,549Net Assets 2011: $502,5602011Assets 2013: $5,297,584Liabilities 2013: $4,823,977Net Assets 2013: $473,6072013Assets 2014: $5,196,863Liabilities 2014: $4,701,639Net Assets 2014: $495,2242014Assets 2015: $5,919,200Liabilities 2015: $5,420,129Net Assets 2015: $499,0712015Assets 2016: $5,899,720Liabilities 2016: $5,432,680Net Assets 2016: $467,0402016Assets 2017: $5,714,371Liabilities 2017: $5,263,580Net Assets 2017: $450,7912017Assets 2018: $6,163,359Liabilities 2018: $5,659,191Net Assets 2018: $504,1682018Assets 2019: $6,402,156Liabilities 2019: $5,842,506Net Assets 2019: $559,6502019Assets 2020: $8,224,706Liabilities 2020: $7,623,908Net Assets 2020: $600,7982020Assets 2021: $9,975,307Liabilities 2021: $9,345,182Net Assets 2021: $630,1252021Assets 2022: $10,216,342Liabilities 2022: $9,520,306Net Assets 2022: $696,0362022Assets 2023: $10,460,204Liabilities 2023: $9,545,096Net Assets 2023: $915,1082023Assets 2024: $10,138,292Liabilities 2024: $8,917,507Net Assets 2024: $1,220,7852024

Highlighted filing

2024

Assets$10,138,292
Liabilities$8,917,507
Net Assets$1,220,785
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $289,6172011Revenue 2013: $262,500Expenses 2013: $292,498Net Income 2013: -$29,9982013Revenue 2014: $258,864Expenses 2014: $237,247Net Income 2014: $21,6172014Revenue 2015: $254,880Expenses 2015: $251,033Net Income 2015: $3,8472015Revenue 2016: $250,211Expenses 2016: $282,242Net Income 2016: -$32,0312016Revenue 2017: $252,155Expenses 2017: $268,404Net Income 2017: -$16,2492017Revenue 2018: $283,548Expenses 2018: $230,171Net Income 2018: $53,3772018Revenue 2019: $335,147Expenses 2019: $279,665Net Income 2019: $55,4822019Revenue 2020: $313,685Expenses 2020: $272,537Net Income 2020: $41,1482020Revenue 2021: $313,010Expenses 2021: $283,683Net Income 2021: $29,3272021Revenue 2022: $361,941Expenses 2022: $296,030Net Income 2022: $65,9112022Revenue 2023: $531,991Expenses 2023: $312,919Net Income 2023: $219,0722023Revenue 2024: $599,659Expenses 2024: $293,982Net Income 2024: $305,6772024

Highlighted filing

2024

Revenue$599,659
Expenses$293,982
Net Income$305,677
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$10,138,292
Liabilities
$8,917,507
Net assets
$1,220,785
Revenue
$599,659
Expenses
$293,982
Net income
$305,677
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$8.92$1.22$0.60$0.29$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$9.55$0.92$0.53$0.31$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$9.52$0.70$0.36$0.30$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.98$9.35$0.63$0.31$0.28$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.22$7.62$0.60$0.31$0.27$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$5.84$0.56$0.34$0.28$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.16$5.66$0.50$0.28$0.23$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.71$5.26$0.45$0.25$0.27$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$5.43$0.47$0.25$0.28$0.03
2015Detailed filing. Detailed filing data is available for this year.$5.92$5.42$0.50$0.25$0.25$0.00
2014Detailed filing. Detailed filing data is available for this year.$5.20$4.70$0.50$0.26$0.24$0.02
2013Detailed filing. Detailed filing data is available for this year.$5.30$4.82$0.47$0.26$0.29$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.06$4.56$0.50$0.29
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 2, 2023
Return Version
2022v5.0
Gross Receipts
$361,941
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,820,212$5,332,369▼ $487,843
Other Notes and Loans Receivable, Net$3,940,074$3,639,809▼ $300,265
Investments Other Securities$30,300$1,000,000▲ $969,700
Rtn Earn Endowment Incm Other Fnds$630,125$696,036▲ $65,911
Cash and Non-Interest-Bearing Accounts$89,712$78,018▼ $11,694
Prepaid Expenses and Deferred Charges$-363$31,212▲ $31,575
Land, Buildings, and Equipment, Net$9,983$25,654▲ $15,671
Accounts Receivable$9,546$0▼ $9,546
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$9,975,307$10,216,342▲ $241,035
Other Assets Total$75,843$109,280▲ $33,437
Liabilities
Other Liabilities$9,330,537$9,507,488▲ $176,951
Accounts Payable and Accrued Expenses$14,645$12,818▼ $1,827
Total Liabilities$9,345,182$9,520,306▲ $175,124
Net Assets / Fund Balance
Total Net Assets Fund Balance$630,125$696,036▲ $65,911
Total Liabilities and Net Assets / Fund Balance$9,975,307$10,216,342▲ $241,035

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$17,832$49,679$67,511
Buildings$-178$17,455$17,277
Land$8,000-$8,000
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Crystal NiemiManager / CEOFT$50,961$50,961

Board Members and Trustees

NameTitle
Peggy ElmbladChairperson
Craig T ImmonenVice Chair
Michael MaloneySecretary
Jerry RoehmTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$301,831
Investment Income
$60,110
Other Revenue
$0
Change in Net Assets
$65,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,576
Salaries, Compensation, and Employee Benefits$118,454
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$57,451
Current Officers, Directors, Trustees, and Key Employees---$50,961
Fees for Services Other---$25,411
Office Expenses---$21,919
Interest---$15,446
Insurance---$11,474
Payroll Taxes---$8,445
Occupancy---$7,232
Depreciation Depletion---$4,770
Other Expenses---$2,472
Other Employee Benefits---$1,597
Advertising---$1,571
All Other Expenses---$278
Total Functional Expenses$0$0$0$296,030
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 and Share Equivalents$9,507,488
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 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

“Credit Union is composed of members.”

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

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

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

“Mergers are voted on by entire membership.”

Form 990, Part VI, Section B, Line 11B

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

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

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

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

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

Form 990, Part VI, Section C, Line 19

“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
Lake Superior Credit Union
EIN
38-1690618
Phone
9068842069
Address
PO Box 38, Ontonagon, MI 49953

Signing Officer

Name
Renee Niemi
Title
Manager / CEO
Signed
2023-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peggy Elmblad
Formed
1959
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
4
Employees
5
Volunteers
4

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Patrick Haughey
Phone
8005225820
Raw XML Appendix363 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/BOYAmt014645
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012818
IRS990/AccountsReceivableGrp/BOYAmt09546
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide financial services and products to members.
IRS990/AdvertisingGrp/TotalAmt01571
IRS990/AllOtherExpensesGrp/TotalAmt0278
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Renee Niemi
IRS990/BooksInCareOfDetail/PhoneNum09068842069
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 38
IRS990/BooksInCareOfDetail/USAddress/CityNm0Ontonagon
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049953
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt089712
IRS990/CashNonInterestBearingGrp/EOYAmt078018
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt050961
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/CYInvestmentIncomeAmt060110
IRS990/CYOtherExpensesAmt0177576
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0301831
IRS990/CYRevenuesLessExpensesAmt065911
IRS990/CYSalariesCompEmpBnftPaidAmt0118454
IRS990/CYTotalExpensesAmt0296030
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0361941
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt04770
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2022 was 1,296.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt025411
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/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Crystal Niemi
IRS990/Form990PartVIISectionAGrp/PersonNm1Peggy Elmblad
IRS990/Form990PartVIISectionAGrp/PersonNm2Craig T Immonen
IRS990/Form990PartVIISectionAGrp/PersonNm3Jerry Roehm
IRS990/Form990PartVIISectionAGrp/PersonNm4Michael Maloney
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt050961
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Manager / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01959
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0361941
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt011474
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt015446
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt060110
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt060110
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt030300
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01000000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0239
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt067134
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09983
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025654
IRS990/LandBldgEquipCostOrOtherBssAmt092788
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0Provide financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0630125
IRS990/NetAssetsOrFundBalancesEOYAmt0696036
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt07232
IRS990/OfficeExpensesGrp/TotalAmt021919
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt075843
IRS990/OtherAssetsTotalGrp/EOYAmt0109280
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01597
IRS990/OtherExpensesGrp/Desc0ATM Expense
IRS990/OtherExpensesGrp/Desc1Service Agreements
IRS990/OtherExpensesGrp/Desc2Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt045924
IRS990/OtherExpensesGrp/TotalAmt136219
IRS990/OtherExpensesGrp/TotalAmt24860
IRS990/OtherExpensesGrp/TotalAmt32472
IRS990/OtherLiabilitiesGrp/BOYAmt09330537
IRS990/OtherLiabilitiesGrp/EOYAmt09507488
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0Insurance Reimbursements
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt057451
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03940074
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03639809
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt08445
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0-363
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031212
IRS990/PrincipalOfficerNm0Peggy Elmblad
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0Fees and Charges
IRS990/ProgramServiceRevenueGrp/Desc1Insurance Reimbursements
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc3Other Program Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0111252
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1188111
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2128
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0111252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12340
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2188111
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3128
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02340
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of consumer loans to members. The total number of loans outstanding at 12/31/2022 was 465.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt013094
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0161296
IRS990/PYProgramServiceRevenueAmt0299916
IRS990/PYRevenuesLessExpensesAmt029327
IRS990/PYSalariesCompEmpBnftPaidAmt0122387
IRS990/PYTotalExpensesAmt0283683
IRS990/PYTotalRevenueAmt0313010
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt065911
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0630125
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0696036
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05820212
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05332369
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0-178
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017455
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017277
IRS990ScheduleD/LandGrp/BookValueAmt08000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017832
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt049679
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt067511
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09507488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares and Share Equivalents
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025654
IRS990ScheduleD/TotalBookValueSecuritiesAmt01000000
IRS990ScheduleD/TotalLiabilityAmt09507488
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Credit 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 the tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee loans are Management approved. 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, 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 C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09975307
IRS990/TotalAssetsEOYAmt010216342
IRS990/TotalAssetsGrp/BOYAmt09975307
IRS990/TotalAssetsGrp/EOYAmt010216342
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296030
IRS990/TotalGrossUBIAmt02340
IRS990/TotalLiabilitiesBOYAmt09345182
IRS990/TotalLiabilitiesEOYAmt09520306
IRS990/TotalLiabilitiesGrp/BOYAmt09345182
IRS990/TotalLiabilitiesGrp/EOYAmt09520306
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0630125
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0696036
IRS990/TotalProgramServiceRevenueAmt0301831
IRS990/TotalReportableCompFromOrgAmt050961
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0359601
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0361941
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02340
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09975307
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010216342
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 38
IRS990/USAddress/CityNm0Ontonagon
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049953
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Renee Niemi
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager / CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lake Superior Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0381690618
ReturnHeader/Filer/PhoneNum09068842069
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 38
ReturnHeader/Filer/USAddress/CityNm0Ontonagon
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049953
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650152722
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06447 W HIGHWAY 146
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRESTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040014
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick Haughey
ReturnHeader/ReturnTs02023-08-02T07:30:06-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Renee
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Niemi
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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