2015-01-23T12:17:40-06:00 2013-12-31 382706146 YEO & YEO PC PO BOX 3275 SAGINAW MI 48605 990 2013-01-01 381623775 LAKE HURON CREDIT UNION LAKE 9897525214 PO BOX 5385 SAGINAW MI 48603 BEVERLY LEE CEO 9897525214 2014-11-16 true STEVEN P WITT P00004504 9897939830 2015-01-23 2013 2016-02-25 16:41:14Z BEVERLY LEE PO BOX 5385 SAGINAW MI 48603 3275951 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 30 7 16213 1179 0 3406046 3053773 18056 -126156 9518 0 3433620 2927617 0 0 1083215 1048158 0 0 2515718 2732757 3598933 3780915 -165313 -853298 48643642 45919840 44407290 42536984 4236352 3382856 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 true false false false false false false false false false false false false false false true 21 0 false 30 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 0 0 0 DON MOSHER VICE CHAIRMA 1.00 X 0 0 0 JERRY SCHRANK TREASURER 1.00 X 0 0 0 HENRY FAHNANSTIEL DIRECTOR 1.00 X 0 0 0 ROB ROY DIRECTOR 1.00 X 0 0 0 CAROL KUNITZER DIRECTOR 1.00 X 0 0 0 RICHARD FAIRLEY DIRECTOR 1.00 X 0 0 0 BEVERLY LEE CEO 40.00 X 68440 0 13808 DAVE MAINE FORMER CEO 40.00 X 77246 0 16651 145686 30459 1 true false false DICKINSON WRIGHT 215 WASHINGTON SQUARE LANSING MI 48933 LEGAL 175890 1 LOAN INTEREST 522100 2242434 2242434 OTHER INCOME 524298 795126 795126 ATM AND SHARE BRANCH INCOME 900099 14266 14266 SHARE BRANCH INCOME CREDITS 900099 1947 1947 3053773 50842 50842 84352 86984 222000 126334 -137648 -39350 -176998 -176998 2927617 2911404 16213 68440 717807 38605 143107 80199 239362 23690 37536 31900 236654 220304 139952 7273 28722 310337 168844 40659 PROVISION FOR LOAN LOSSES 905278 LOAN SERVICING EXPENSES 161760 MISCELLANEOUS EXPENSE 47483 BUILDING IMPROVEMENTS 47255 85748 3780915 0 0 0 623416 757674 12638 20632 35008566 32949159 132297 50133 3072879 1186961 2070620 1885918 5823735 3996694 3870161 5474797 1102209 784833 48643642 45919840 531474 453871 43875816 42083113 44407290 42536984 X 4236352 3382856 4236352 3382856 48643642 45919840 -853298 -198 X false true X true false 163722 163722 1968050 552871 1415179 941107 634090 307017 1885918 INVESTMENTS 3996694 F 3996694 CENTRAL CORPORATE CREDIT UNION 5474797 F 5474797 MEMBER SHARES 42083113 42083113 X X false false false DAVE MAINE FORMER CEO 77246 1213 15438 93897 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.