2015-07-13T10:25:36-05:00 2014-12-31 382706146 YEO & YEO PC PO BOX 3275 SAGINAW MI 48605 990 2014-01-01 381623775 LAKE HURON CREDIT UNION LAKE 9897525214 PO BOX 5385 SAGINAW MI 48603 BEVERLY LEE CEO 9897525214 2015-06-29 true STEVEN P WITT P00004504 9897939830 2015-06-29 2014 2016-02-25 16:41:14Z BEVERLY LEE PO BOX 5385 SAGINAW MI 48603 3184919 false X WWW.LHCU.ORG X CREDIT UNION 1959 MI IT IS THE MISSION OF LAKE HURON CREDIT UNION TO MAKE MEMBER SATISFACTION OUR GOAL BY PROVIDING PROGRAMS AND SERVICES THAT SUCCESSFULLY MEET THEIR NEEDS. 7 7 35 7 17280 0 3053773 2711030 -126156 69334 0 2927617 2780364 0 0 1048158 839842 0 0 2732757 1450962 3780915 2290804 -853298 489560 45919840 42116585 42536984 38251631 3382856 3864954 IT IS THE MISSION OF LAKE HURON CREDIT UNION TO MAKE MEMBER SATISFACTION OUR GOAL BY PROVIDING PROGRAMS AND SERVICES THAT SUCCESSFULLY MEET THEIR NEEDS. false false TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH COMMON BOND false false false false false false false false false true true 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 16 0 false 35 false true true false false false false false X 7 7 false false false false true true true true true false true true true true true true true true true false false X BEVERLY LEE 9896070966 1540 TITTABAWASSEE SAGINAW MI 48603 STEVE WILLETT CHAIRMAN 1.00 X X 0 0 0 DON MOSHER VICE CHAIRMA 1.00 X X 0 0 0 JERRY SCHRANK TREASURER 1.00 X X 0 0 0 HENRY FAHNANSTIEL DIRECTOR 1.00 X 0 0 0 ROB ROY SECRETARY 1.00 X X 0 0 0 RICHARD FAIRLEY DIRECTOR 1.00 X 0 0 0 ANN COURSEY DIRECTOR 1.00 X 0 0 0 BEVERLY LEE CEO 40.00 X 91537 0 27390 91537 27390 false false false CU ANSWERS 6000 28TH STREET STE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 204795 VANTIV 8500 GOVERNORS HILL DR SYMMES TOWNSHIP OH 45249 ATM/DEBIT CARD 111921 2 LOAN INTEREST 522100 1887784 1887784 OTHER INCOME 524298 805966 805966 ATM INCOME 900099 14482 14482 SHARE BRANCH INCOME CREDITS 900099 2798 2798 2711030 84285 84285 389604 404555 -14951 -14951 -14951 2780364 2763084 17280 92000 552548 26673 104225 64396 3962 31923 139588 26486 131194 219204 84291 2634 11744 208325 130652 39119 LOAN SERVICING EXPENSES 244581 PROVISION FOR LOAN LOSSES 121541 MISCELLANEOUS EXPENSE 55718 2290804 0 0 0 757674 906786 20632 43570 32949159 29237803 50133 102170 3046661 1270575 1885918 1776086 3996694 6654062 5474797 2703519 784833 692589 45919840 42116585 453871 379542 42083113 37872089 42536984 38251631 X 3382856 3864954 3382856 3864954 45919840 42116585 489560 -7462 X false true X true false 163722 163722 1981351 602956 1378395 901588 667619 233969 1776086 INVESTMENTS 6654062 F 6654062 ALLOYA CORPORATE FEDERAL CREDIT UN 2703519 F 2703519 MEMBER SHARES 37872089 37872089 FORM 990 PART IV - LINE 12 - AUDITED FINANCIAL STATEMENTS WERE COMPLETED AS OF SEPTEMBER 30. THE CREDIT UNION'S TAX YEAR ENDS DECEMBER 31, THEREFORE, SCHEDULE D PARTS XI, XII, AND XIII CANNOT BE COMPLETED. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. FORM 990, PAGE 6, PART VI, LINE 7A BOARD MEMBERS ARE ELECTED BY A MEMBERSHIP VOTE BY BALLOT FOR 3 YEAR TERMS. FORM 990, PAGE 6, PART VI, LINE 7B MERGERS AND BY-LAW CHANGES REQUIRE MEMBERSHIP APPROVAL. FORM 990, PAGE 6, PART VI, LINE 11B DIRECTORS REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS ARE DISCUSSED AT BOARD MEETINGS FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION COMMITTEE DETERMINES AND 3 BOARD OF DIRECTORS APPROVE THE PRESIDENT/CEO'S COMPENSATION. THE LAST REVIEW WAS OCTOBER 2014. FORM 990, PAGE 6, PART VI, LINE 19 THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S LOBBY. OTHER GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST OF THE PRESIDENT/CEO.