2022-08-24T11:06:42-07:00 2021-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2021-01-01 381627377 HarborLight Credit Union HARB 2318945608 2151 Cogswell Drive Whitehall MI 49461 Justin Bamford CEO 2022-08-24 true Justin Bamford 999009999 Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z 2151 Cogswell Drive Whitehall MI 49461 6554490 false X www.harborlightcu.org X 1954 MI HarborLight Credit Union exists to improve the financial well-being of our members. 7 7 49 9 115918 1500 0 5661926 5891753 759498 662737 0 6422924 6554490 0 0 1840950 2128474 0 0 4392209 3716862 6233159 5845336 189765 709154 141924533 159134723 130619096 147164822 11305437 11969901 HarborLight Credit Union exists to improve the financial well-being of our members. false false The Credit Union has various types of deposit accounts available for our members. As of 12/31/2021 the Credit Union had 10,814 members. The Credit Union has several types of loan programs available for its members. As of 12/31/2021 The Credit Union had 5,923 loans outstanding loans to its members. false false false false false false false true false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 2753 0 true 49 true true true false false false false false false false X 7 7 false false false false true true true true true false true true false true true true true true true true false X Barbara Blair 2318945608 2151 Cogswell Drive Whitehall MI 49461 Justin Bamford CEO 40.00 0.00 X 137305 0 33223 Stephanie Wyman COO 40.00 0.00 X 71663 0 11627 Chris Harris CFO 40.00 0.00 X 65000 0 0 Rita Kosheba Secretary 1.00 0.00 X 0 0 0 Steven Mayberry Vice Chair 1.00 0.00 X 0 0 0 Allen Rant Chairperson 1.00 0.00 X 0 0 0 Sharon Swaninger Treasurer 1.00 0.00 X 0 0 0 Steven Salter Director 1.00 0.00 X 0 0 0 Lee Andrews Director 1.00 0.00 X 0 0 0 Larry Goldner Director 1.00 0.00 X 0 0 0 Donna Vangeison CLO 0.00 0.00 0 0 0 Barbara Blair 40.00 0.00 0 0 0 273968 44850 1 true true false Fiserv 75 Remittance Dr Chicago IL 60675 Core Processor/Card Proc 2790378 Kasasa 6504 Pridge Point Parkway Suit 500 Austin TX 78730 Website / Reward Program 116087 Red Rock Information Systems 1101 40th St SE Grand Rapids MI 49508 IT Services 277579 3 0 ANCILLARY LOAN PRODUCTS 88698 88698 Interchange Income 522100 1022668 1022668 Interest on Loans 522100 3581276 3581276 Member Fee Income 522100 828333 828333 Other Mbr Related Income 522100 343558 343558 27220 27220 5891753 662737 662737 0 0 0 0 0 0 0 0 6554490 6438572 115918 0 0 0 0 318821 0 1405939 102124 173639 127951 0 0 0 0 0 0 451874 241739 294897 545793 0 188380 0 0 70514 475846 0 127415 0 Card Services 859723 Loan Servicing Expense 287144 Provision for Loan Losses 136981 Card Fraud Expense 15998 20558 5845336 0 0 0 2208257 2305937 37673677 16529117 0 2105 71091 0 0 74176917 78451975 0 166504 142152 4761206 2195946 2737921 2565260 1987073 5111898 0 19076700 49800448 0 3895379 4156845 141924533 159134723 72011 3092470 179305 409698 130367780 143662654 130619096 147164822 X 11305437 11969901 11305437 11969901 141924533 159134723 709154 -44690 X false false false false true 173352 173352 3611673 1343851 2267822 976181 852095 124086 2565260 49800448 Member Shares & Deposits 143662654 143662654 false false false Justin Bamford CEO 126014 11141 150 10904 22319 170528 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The organization has members. To be a member one must have a share (savings) account at the Credit Union. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body The Board of Directors is elected by the Credit Union members. Each member has one vote. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders 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, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Policy read and acknowledged annually by signing and are returned to CEO. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Line 19: Other Organization Documents Publicly Available Governing documents and policies are available upon request. Financial statements are posted in the lobby.