2019-05-01T13:07:05-05:00 2018-12-31 461605712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2018-01-01 381627377 HARBORLIGHT CREDIT UNION HARB 2318945608 2151 COGSWELL DRIVE WHITEHALL MI 49461 JUSTIN BAMFORD CEO (CURRENT) 2318945608 2019-04-25 true BRENT WOOKEY CPA P00062439 6087920843 2019-05-01 X 97.88.144.85 2019-05-01 13:07:05 CD P 5FA08F3168DAA0B72D4E7F0D679A1E851BDE6807 5FA08F3168DAA0B72D4E7F0D679A1E851BDE6807 2018 2019-02-21 02:37:17Z JUSTIN BAMFORD 2151 COGSWELL DRIVE WHITEHALL MI 49461 5840017 false X WWW.HARBORLIGHTCU.ORG X 1954 MI HARBORLIGHT CREDIT UNION EXISTS TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS. 7 7 43 10 16733 1000 0 4434994 4980359 641400 842642 38951 17016 5116345 5840017 2000 3000 0 1593443 1778534 0 0 3602505 3986918 5197948 5768452 -81603 71565 105873017 110064269 95400463 99533426 10472554 10530843 X HARBORLIGHT CREDIT UNION EXISTS TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS. false true THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 986 NEW DEPOSIT ACCOUNTS IN 2018. AS OF 12/31/18 WE HAD 10,461 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,513 NEW LOANS TO OUR MEMBERS DURING 2018. AS OF 12/31/18 WE HAD 6,036 LOANS TO OUR 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 false false false false false false false false false false false false false false false true 2479 0 true 43 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true true false X BARBARA BLAIR 2318945608 2151 COGSWELL DRIVE WHITEHALL MI 49461 ALLEN RANT CHAIR 1.00 X X 0 0 0 STEVE MAYBERRY VICE CHAIR 1.00 X X 0 0 0 KEVIN SPENCER TREASURER 1.00 X X 0 0 0 RITA KOSHEBA SECRETARY 1.00 X X 0 0 0 THOMAS GEORGE DIRECTOR 1.00 X 0 0 0 SHARON SWANINGER DIRECTOR 1.00 X 0 0 0 LEON KAY DIRECTOR 1.00 X 0 0 0 SUMMER KLOMP DIRECTOR 1.00 X 0 0 0 JUSTIN BAMFORD CEO (CURRENT 40.00 X 18492 0 0 LINDA HUGHEY CEO (TO DEC' 40.00 X 105517 0 34018 HEATHER CARR COO 40.00 X 60206 0 31941 BARBARA BLAIR CFO 40.00 X 53384 0 11590 DONNA VANGEISON CLO 40.00 X 53003 0 16358 290602 93907 1 false false false FISERV 75 REMITTANCE DRIVE CHICAGO IL 60675 CORE &CARD PROC 1199705 JOHN M FLOYD & ASSOCIATES 125 N BURNET DR BAYTOWN TX 77520 COURTESY PAY 139120 KASASA BY BANCVUE PO BOX 527 LUBBOCK TX 79408 CHKING REWARDS 122813 3 INTEREST ON LOANS 522130 3004044 3004044 MEMBEER FEE INCOME 522130 1063442 1063442 INTERCHANGE INCOME 522130 723523 723523 OTHER MEMBER RELATED INCOME 522130 172617 172617 NON-MBR FEES ATM & CHK CASH 522130 9047 9047 7686 7686 4980359 842642 842642 17016 17016 5840017 4963626 16733 859658 3000 290602 1056891 106322 217644 107075 542522 89324 1610480 452582 122441 22072 38127 189124 55100 DIVIDENDS EXPENSE 535224 PROVISION FOR LOAN LOSS 329922 5768452 0 0 0 1641109 1626398 14097167 15572763 54226133 60527009 164202 121771 4587853 1644379 3108052 2943474 3544599 2743361 25734700 22993700 3357055 3535793 105873017 110064269 -41630 308132 153530 152667 95288563 99072627 95400463 99533426 X 10472554 10530843 10472554 10530843 105873017 110064269 71565 -13276 X false false false false true X 173352 173352 3509717 1108743 2400974 904784 535636 369148 2943474 INVESTMENTS WITH MATURITY > 1 YR 22589000 C CAPITAL ACCTS CORPORATE CU 404700 C 22993700 MEMBER SHARES AND DEPOSITS 99225294 ESCROW BALANCES TO LINE 21 BAL SHEET -152667 99072627 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. FORM 990, PAGE 2, PART III, LINE 3 INDIRECT LENDING PROGRAM WAS DISCONTINUED IN 2018. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE 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 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, PAGE 6, PART VI, LINE 12C POLICY READ AND ACKNOWLEDGED ANNUALLY BY SIGNING AND ARE RETURNED TO CEO. FORM 990, PAGE 6, PART VI, 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 IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.