Civic Intelligence

Harbor Credit Union

990 • Fiscal year 2013 • EIN 39-6058649

Jan 01, 2013 to Dec 31, 2013 • Filed on Sep 08, 2014

Organization ProfileWWW.HARBORCU.COM

View Organization Page

PO Box 22430Green Bay, WI 54305

(920) 431-6688

Siviq Scores

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

Liabilities / Assets

57th percentile

0.90x

Higher debt load relative to assets than 57% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

57th percentile

19.16x

Higher debt load relative to revenue than 57% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

18th percentile

1.5%

Higher net margin than 18% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

36th percentile

$116,337

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

30th percentile

0.2%

Faster asset growth than 30% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

18th percentile

-9.5%

Faster revenue growth than 18% of similar nonprofits.

2013 filings • $50M-$100M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$97,190,522

Up $221,972 (+0.2%) from 2012

Net Assets

Down

$9,750,590

Down $60,328 (-0.6%) from 2012

Liabilities

Up

$87,439,932

Up $282,300 (+0.3%) from 2012

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin18th percentile

Revenue

Down

$4,564,730

Down $478,399 (-9.5%) from 2012

Expenses

Down

$4,496,745

Down $351,792 (-7.3%) from 2012

Net Income

Down

$67,985

Down $126,607 (-65%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$150M$100M$50M$0Assets 2010: $102,040,127Liabilities 2010: $90,780,656Net Assets 2010: $11,259,4712010Assets 2011: $97,274,787Liabilities 2011: $87,658,461Net Assets 2011: $9,616,3262011Assets 2012: $96,968,550Liabilities 2012: $87,157,632Net Assets 2012: $9,810,9182012Assets 2013: $97,190,522Liabilities 2013: $87,439,932Net Assets 2013: $9,750,5902013Assets 2014: $101,319,375Liabilities 2014: $91,392,352Net Assets 2014: $9,927,0232014Assets 2015: $109,949,496Liabilities 2015: $99,512,282Net Assets 2015: $10,437,2142015Assets 2016: $109,836,696Liabilities 2016: $99,137,806Net Assets 2016: $10,698,8902016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2013

Assets$97,190,522
Liabilities$87,439,932
Net Assets$9,750,590
Open 2013 Filing

Operations Trend

Revenue Growth18th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $5,997,6762010Expenses 2011: $7,118,0732011Revenue 2012: $5,043,129Expenses 2012: $4,848,537Net Income 2012: $194,5922012Revenue 2013: $4,564,730Expenses 2013: $4,496,745Net Income 2013: $67,9852013Revenue 2014: $4,259,232Expenses 2014: $4,082,799Net Income 2014: $176,4332014Revenue 2015: $4,378,506Expenses 2015: $3,868,315Net Income 2015: $510,1912015Revenue 2016: $4,430,796Expenses 2016: $4,169,120Net Income 2016: $261,6762016Revenue 2017: $2,082,317Expenses 2017: $2,369,536Net Income 2017: -$287,2192017

Highlighted filing

2013

Revenue$4,564,730
Expenses$4,496,745
Net Income$67,985
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 8, 2014
Return Version
2013v3.1
Gross Receipts
$4,564,730
Mission and Program Overview

Mission

Harbor credit union is a member focused financial cooperative committed to building our members financial well-being and becoming their primary financial institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$70,381,116$65,442,646▼ $4,938,470
Savings and Temporary Cash Investments$17,555,266$20,963,805▲ $3,408,539
Rtn Earn Endowment Incm Other Fnds$9,810,918$9,750,590▼ $60,328
Investments Program Related$1,759,301$4,846,301▲ $3,087,000
Land, Buildings, and Equipment, Net$3,314,798$3,191,825▼ $122,973
Cash and Non-Interest-Bearing Accounts$956,104$876,697▼ $79,407
Prepaid Expenses and Deferred Charges$294,457$123,585▼ $170,872
Total Assets$96,968,550$97,190,522▲ $221,972
Other Assets Total$2,707,508$1,745,663▼ $961,845
Liabilities
Other Liabilities$86,331,857$87,182,746▲ $850,889
Accounts Payable and Accrued Expenses$825,775$257,186▼ $568,589
Total Liabilities$87,157,632$87,439,932▲ $282,300
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,810,918$9,750,590▼ $60,328
Total Liabilities and Net Assets / Fund Balance$96,968,550$97,190,522▲ $221,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,960,327$1,462,354$3,422,681
Equipment$189,185$2,521,606$2,710,791
Land$1,042,313-$1,042,313
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael J DegrandPresidentFT$107,059$9,278$116,337
Debra a VandenbergVP-operationFT$66,112$19,760$85,872

Board Members and Trustees

NameTitle
Linda C JonetChair
William DyerVice-chair
Diane BierstekerDirector
Neal VanessDirector
David LoudenSecretary
Brian SengstockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,433,532
Investment Income
$83,884
Other Revenue
$47,314
Change in Net Assets
$67,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,792,022
Salaries, Compensation, and Employee Benefits$1,704,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,290,708
Office Expenses---$1,178,079
Occupancy---$335,413
Depreciation Depletion---$188,210
Current Officers, Directors, Trustees, and Key Employees---$173,171
Payroll Taxes---$132,738
Other Employee Benefits---$108,106
Information Technology---$107,271
Advertising---$90,549
Other Expenses---$71,368
All Other Expenses---$65,115
Insurance---$59,740
Fees for Services Other---$53,922
Conferences and Meetings---$11,596
Fees for Services Legal---$3,444
Total Functional Expenses$0$0$0$4,496,745
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$87,182,746
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, you 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 necessary data to independent cpa who prepares the return. Management reviews the return for possible erros, and then authorizes cpa to e-file the approved return.”

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

“Internal control review of loans and procedures.”

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

“The board of directors receives and reviews salary surveys from the wi league and cuna. Salaries are discussed by the board in executive session. The board approves the salaries, and this approval is included in the board minutes as an approval of the overall wage increase.”

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

“The board of directors receives and reviews salary surveys from the league and cuna. Salaries are discussed by the board in executive session. The board approves the salaries, and this approval is included in the board minutes as an approval of the overall wage increase.”

Form 990, Page 6, Part VI, Line 19

“The credit union does not makes its governing documents or conflict of interest policy available to the public.”

Filing and Contact Details

Filer

EIN
39-6058649
Phone
9204316688

Signing Officer

Name
Michael J Degrand
Title
President
Phone
9204316688
Signed
2014-09-08

Organization Details

Principal Officer
Michael J Degrand
Formed
1952
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
6
Employees
48

Preparer

Preparer
Brent Wookey CPA
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

“The credit union will file the 990-t by its extended due date of november 15th.”

Raw XML Appendix342 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/BOYAmt0825775
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0257186
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0HARBOR CREDIT UNION IS A MEMBER FOCUSED FINANCIAL COOPERATIVE COMMITTED TO BUILDING OUR MEMBERS FINANCIAL WELL-BEING AND BECOMING THEIR PRIMARY FINANCIAL INSTITUTION.
IRS990/AdvertisingGrp/TotalAmt090549
IRS990/AllOtherExpensesGrp/TotalAmt065115
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0DEBRA VANDENBERG
IRS990/BooksInCareOfDetail/PhoneNum09204316688
IRS990/BooksInCareOfDetail/USAddress/AddressLine10PO BOX 22430
IRS990/BooksInCareOfDetail/USAddress/City0GREEN BAY
IRS990/BooksInCareOfDetail/USAddress/State0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode0543052430
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0956104
IRS990/CashNonInterestBearingGrp/EOYAmt0876697
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0173171
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt011596
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt083884
IRS990/CYOtherExpensesAmt02792022
IRS990/CYOtherRevenueAmt047314
IRS990/CYProgramServiceRevenueAmt04433532
IRS990/CYRevenuesLessExpensesAmt067985
IRS990/CYSalariesCompEmpBnftPaidAmt01704723
IRS990/CYTotalExpensesAmt04496745
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04564730
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0188210
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 3,659 NEW DEPOSIT ACCOUNTS IN 2013. AS OF 12/31/13 WE HAD 12,385 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt048
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesLegalGrp/TotalAmt03444
IRS990/FeesForServicesOtherGrp/TotalAmt053922
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
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/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/OtherCompensationAmt09278
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt719760
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL J DEGRAND
IRS990/Form990PartVIISectionAGrp/PersonNm1LINDA C JONET
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIAM DYER
IRS990/Form990PartVIISectionAGrp/PersonNm3NEAL VANESS
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID LOUDEN
IRS990/Form990PartVIISectionAGrp/PersonNm5DIANE BIERSTEKER
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN SENGSTOCK
IRS990/Form990PartVIISectionAGrp/PersonNm7DEBRA A VANDENBERG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0107059
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt766112
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP-OPERATION
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04564730
IRS990/GrossRentsGrp/RealAmt030072
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/TotalAmt0107271
IRS990/InsuranceGrp/TotalAmt059740
IRS990/InvestmentIncomeGrp/ExclusionAmt083884
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt083884
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01759301
IRS990/InvestmentsProgramRelatedGrp/EOYAmt04846301
IRS990/IRPDocumentCnt05112
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03983960
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03314798
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03191825
IRS990/LandBldgEquipCostOrOtherBssAmt07175785
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HARBOR CREDIT UNION IS A MEMBER FOCUSED FINANCIAL COOPERATIVE COMMITTED TO BUILDING OUR MEMBERS FINANCIAL WELL-BEING AND BECOMING THEIR PRIMARY FINANCIAL INSTITUTION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt09810918
IRS990/NetAssetsOrFundBalancesEOYAmt09750590
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt030072
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt030072
IRS990/NetUnrelatedBusTxblIncmAmt02091
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0335413
IRS990/OfficeExpensesGrp/TotalAmt01178079
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02707508
IRS990/OtherAssetsTotalGrp/EOYAmt01745663
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0108106
IRS990/OtherExpensesGrp/Desc0DIVIDENDS ON SHARES/CERTI
IRS990/OtherExpensesGrp/Desc1ADD'L IMPAIRMENT OF REO
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3NCUA ASSESSMENTS
IRS990/OtherExpensesGrp/TotalAmt0350843
IRS990/OtherExpensesGrp/TotalAmt1152523
IRS990/OtherExpensesGrp/TotalAmt2123949
IRS990/OtherExpensesGrp/TotalAmt371368
IRS990/OtherLiabilitiesGrp/BOYAmt086331857
IRS990/OtherLiabilitiesGrp/EOYAmt087182746
IRS990/OtherSalariesAndWagesGrp/TotalAmt01290708
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt070381116
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt065442646
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0132738
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0294457
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0123585
IRS990/PrincipalOfficerNm0MICHAEL J DEGRAND
IRS990/PriorPeriodAdjustmentsAmt0-128313
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0INTERET ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MEMBER RELATED INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ACCOUNT FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3NON MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02964561
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1812256
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2642875
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02964561
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1812256
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2642875
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313840
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt013840
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,957 NEW LOANS DURING 2013. AS OF 12/31/13 WE HAD 6,247 LOANS TO OUR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt066299
IRS990/PYOtherExpensesAmt03135019
IRS990/PYOtherRevenueAmt071974
IRS990/PYProgramServiceRevenueAmt04904856
IRS990/PYRevenuesLessExpensesAmt0194592
IRS990/PYSalariesCompEmpBnftPaidAmt01713518
IRS990/PYTotalExpensesAmt04848537
IRS990/PYTotalRevenueAmt05043129
IRS990/ReconcilationRevenueExpnssAmt067985
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt030072
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt017242
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt017242
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09810918
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09750590
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017555266
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020963805
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01960327
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01462354
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03422681
IRS990ScheduleD/EquipmentGrp/BookValueAmt0189185
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02521606
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02710791
IRS990ScheduleD/LandGrp/BookValueAmt01042313
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01042313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087182746
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03191825
IRS990ScheduleD/TotalLiabilityAmt087182746
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION WILL FILE THE 990-T BY ITS EXTENDED DUE DATE OF NOVEMBER 15TH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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/ExplanationTxt4MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR POSSIBLE ERROS, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INTERNAL CONTROL REVIEW OF LOANS AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS RECEIVES AND REVIEWS SALARY SURVEYS FROM THE WI LEAGUE AND CUNA. SALARIES ARE DISCUSSED BY THE BOARD IN EXECUTIVE SESSION. THE BOARD APPROVES THE SALARIES, AND THIS APPROVAL IS INCLUDED IN THE BOARD MINUTES AS AN APPROVAL OF THE OVERALL WAGE INCREASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS RECEIVES AND REVIEWS SALARY SURVEYS FROM THE LEAGUE AND CUNA. SALARIES ARE DISCUSSED BY THE BOARD IN EXECUTIVE SESSION. THE BOARD APPROVES THE SALARIES, AND THIS APPROVAL IS INCLUDED IN THE BOARD MINUTES AS AN APPROVAL OF THE OVERALL WAGE INCREASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CREDIT UNION DOES NOT MAKES ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt096968550
IRS990/TotalAssetsEOYAmt097190522
IRS990/TotalAssetsGrp/BOYAmt096968550
IRS990/TotalAssetsGrp/EOYAmt097190522
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt048
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04496745
IRS990/TotalGrossUBIAmt013840
IRS990/TotalLiabilitiesBOYAmt087157632
IRS990/TotalLiabilitiesEOYAmt087439932
IRS990/TotalLiabilitiesGrp/BOYAmt087157632
IRS990/TotalLiabilitiesGrp/EOYAmt087439932
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09810918
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09750590
IRS990/TotalOtherCompensationAmt029038
IRS990/TotalProgramServiceRevenueAmt04433532
IRS990/TotalReportableCompFromOrgAmt0173171
IRS990/TotalRevenueGrp/ExclusionAmt0131198
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04419692
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04564730
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt013840
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096968550
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt097190522
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 22430
IRS990/USAddress/City0GREEN BAY
IRS990/USAddress/State0WI
IRS990/USAddress/ZIPCode054305
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.HARBORCU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL J DEGRAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09204316688
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-08
ReturnHeader/Filer/BusinessName/BusinessNameLine10HARBOR CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HARB
ReturnHeader/Filer/EIN0396058649
ReturnHeader/Filer/PhoneNum09204316688
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 22430
ReturnHeader/Filer/USAddress/City0GREEN BAY
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode054305
ReturnHeader/PreparerPersonGrp/PreparationDt02014-09-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02014-09-10T14:24:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,190,522
Liabilities
$87,439,932
Net assets
$9,750,590
Revenue
$4,564,730
Expenses
$4,496,745
Net income
$67,985
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.08$2.37$0.29
2016Detailed filing. Detailed filing data is available for this year.$110$99.1$10.7$4.43$4.17$0.26
2015Detailed filing. Detailed filing data is available for this year.$110$99.5$10.4$4.38$3.87$0.51
2014Detailed filing. Detailed filing data is available for this year.$101$91.4$9.93$4.26$4.08$0.18
2013Detailed filing. Detailed filing data is available for this year.$97.2$87.4$9.75$4.56$4.50$0.07
2012Summary only. Only limited summary data is available for this year.$97.0$87.2$9.81$5.04$4.85$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.3$87.7$9.62$7.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$90.8$11.3$6.00