2021-11-11T17:07:17-08:00 2020-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2020-01-01 381623775 Lake Huron Credit Union LAKE 9897525214 1540 Tittabawassee Rd Saginaw MI 48604 Beverly Lee CEO 2021-11-11 true Beverly Lee 999009999 Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z 1540 Tittabawassee Rd Saginaw MI 48604 4119044 false X http://lhcu.org X 1959 MI To provide financial services to member owners with a common bond. 7 7 20 7 22297 0 3570106 3887560 300208 231484 0 3870314 4119044 0 0 1258436 1162726 0 0 2085346 2221906 3343782 3384632 526532 734412 52322793 63468054 46167049 56564184 6155744 6903870 To Make Member satisfaction our goal by providing programs and services that successfully meet their needs. false false The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2020 was 6,772. The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2020 was 5,358. false false false false false false false false false true true false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 1170 0 true 20 true true true false false false false false false false X 7 7 false false false false true true false true true false true true false true true true true true true true false X Beverly Lee 9897525214 1540 Tittabawassee Rd Saginaw MI 48604 Beverly Lee CEO 40.00 0.00 X 245311 0 60568 Steve Willett Chairman 1.00 0.00 X 0 0 0 Elizabeth Mosher Director 1.00 0.00 X 0 0 0 Jerry Schrank Treasurer 1.00 0.00 X 0 0 0 Anthony Hatch Director 1.00 0.00 X 0 0 0 Dick Fariley Director 1.00 0.00 X 0 0 0 Jay Peplinski Vice Chair 1.00 0.00 X 0 0 0 Donald Coon Secretary 1.00 0.00 X 0 0 0 245311 60568 1 false true false CUAnswers 6000 28th Street Kentwood MI 49512 Data Processing 235987 Vantiv 8500 Governers Hill Drive Symmes Township OH 45249 Card Processing 352632 2 0 Fee and Other Income 522100 1080652 1080652 Loan Interest Income 522100 2784611 2784611 Non-Member ATM Fees 22297 22297 3887560 231484 231484 0 0 0 0 0 0 0 Non-Member ATM Fees 525990 0 4119044 4096747 22297 0 0 0 0 305879 0 632292 52024 101301 71230 0 16664 34819 0 0 4601 71439 61583 579732 240623 0 97702 0 0 0 429062 0 132356 31370 Loan and collection expense 254723 Provision for Loan Losses 119966 Director & Employee Education 68655 fees and permits 39310 39301 3384632 0 0 0 928186 996022 7754520 10768770 0 192731 35682 0 0 38937448 42287363 0 60495 109271 2867489 1102311 1470571 1765178 0 2366230 6685811 0 0 612612 819957 52322793 63468054 1110755 1416509 45056294 55147675 46167049 56564184 X 6155744 6903870 6155744 6903870 52322793 63468054 734412 13714 X false false false 163722 163722 2075344 633161 1442183 70193 35088 35105 558230 434062 124168 1765178 6685811 Member Shares & Deposits 55147675 55147675 false false false Beverly Lee CEO 245311 29024 31544 305879 Beverly Lee CEO Personal X 9000 3080 false false false Beverly Lee CEO Personal X 35756 30951 false false false 34031 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Section 501c(14) Credit Union is composed of members. Form 990, Part VI, Line 11b: Form 990 Review Process Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Credit Committee. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available 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.