2019-05-08T14:37:35-07:00 2018-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2018-01-01 381623775 Lake Huron Credit Union LAKE 9897525214 1540 Tittabawassee Rd Saginaw MI 48604 Beverly Lee CEO 2019-05-08 true Robert Draeger P01331632 8005225820 2018 2019-02-21 02:37:17Z 1540 Tittabawassee Rd Saginaw MI 48604 3593425 false false X http://lhcu.org X 1959 MI To provide financial services to member owners with a common bond. 7 7 34 7 16154 -11878 0 2973891 3159312 125009 228187 16154 3098900 3403653 0 0 1053662 1109395 0 0 1711957 1817513 2765619 2926908 333281 476745 48881792 49341003 43733990 43749284 5147802 5591719 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 12/31/2018 was 6,688. 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 12/31/2018 was 4,975. false false false false false false false false false true false false 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 false false false true 1211 0 true 34 true true true false false false false false 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 Steve Willett Chairman 1.00 0.00 X 0 0 0 Don Mosher Director 1.00 0.00 X 0 0 0 Jerry Schrank Treasurer 1.00 0.00 X 0 0 0 Henry Fahnanstiel Secretary 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 Director 1.00 0.00 X 0 0 0 Beverly Lee CEO 40.00 0.00 X 167159 0 56945 167159 56945 1 false true false CUAnswers 6000 28th Street Kentwood MI 49512 Data Processing 200811 Vantiv 8500 Governers Hill Drive Symmes Township OH 45249 Card Processing 262328 2 0 Fee and Other Income 522100 912217 912217 Loan Interest Income 522100 2247095 2247095 3159312 209314 209314 0 0 0 208645 189772 18873 18873 18873 0 0 0 Non-Member ATM Fees 525990 16154 16154 16154 3403653 3387499 16154 0 0 0 0 224104 0 657936 65179 88835 73341 0 5396 3700 0 0 1953 34314 0 693950 0 0 80878 0 0 0 321486 0 114758 0 Provision for Loan Losses 261966 Loan and collection expense 182407 Director & Employee Education 90573 DIFS Fees 14302 11830 2926908 0 0 0 836732 1010011 7435513 0 47344 137225 0 0 36469172 36683561 0 125618 64609 3105567 1707929 1482107 1397638 0 4648608 2008170 4374278 0 0 897933 604276 48881792 49341003 559209 1120252 43174781 42629032 43733990 43749284 X 5147802 5591719 5147802 5591719 48881792 49341003 476745 -32828 X false false false 163722 163722 1942108 771806 1170302 54981 39815 15166 944756 896308 48448 1397638 Member Shares & Deposits 42629032 42629032 false false false Beverly Lee CEO 167159 24480 32465 224104 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.