Overview
What is Lake Huron Credit Union?
Lake Huron Credit Union is a member-owned financial institution, situated in Saginaw, Michigan. Established with a shared bond among its members, the credit union offers deposit accounts to its clientele, with a membership count of 6650 as of December 31, 2022. As of the same date, the credit union manages a total of 16,603 accounts on behalf of its members. The primary objective of Lake Huron Credit Union is to deliver financial services to its members, ensuring they have access to a wide range of financial resources. The credit union's team comprises 43 dedicated employees, working tirelessly to support the financial well-being of its member-owners.
Official website here: www.lhcu.org
Is Lake Huron Credit Union legitimate?
Lake Huron Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lake Huron Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $205,043
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,291,958
For more financial information, click here
Official website here: www.lhcu.org
What is the mission statement of Lake Huron Credit Union?
Lake Huron Credit Union's mission is centered around providing financial services to its member-owners, who share a common bond. The credit union offers deposit accounts as part of its services. As of December 31, 2022, the credit union had 6,650 member-owners and managed a total of 16,603 accounts. The credit union's mission is to serve its member-owners effectively, providing them with financial solutions tailored to their needs. The credit union's operations aim to foster a sense of community among its member-owners, ensuring they have access to reliable financial services.
Official website here: www.lhcu.org
Who is the CEO of Lake Huron Credit Union?
Beverly Lee is the Ceo of Lake Huron Credit Union. The CEO's salary of Lake Huron Credit Union is $205,043 and their total compensation is $205,043.
Official website here: www.lhcu.org
What is the revenue of Lake Huron Credit Union?
Lake Huron Credit Union's revenue in 2022 was $5,798,313.
Official website here: www.lhcu.org
Who are the executives of Lake Huron Credit Union and what are their salaries?
The average compensation at Lake Huron Credit Union during 2022 was $34,814. There are 43 employees and 7 volunteers at Lake Huron Credit Union.
Here are 8 key members and their salaries (Lake Huron Credit Union's CEO's salary is $205,043 and their total compensation is $205,043):
- Compensation: $205,043
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lhcu.org
Where can I find the form 990 for Lake Huron Credit Union?
Lake Huron Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lhcu.org
Learn more at the official website: www.lhcu.org
Mission Statement of Lake Huron Credit Union
Lake Huron Credit Union, as a financial institution, is committed to providing financial services to its member-owners who share a common bond. The credit union's mission is to cater to the financial needs of its members, offering a range of deposit accounts. As of December 31, 2022, the credit union has served a membership of 6,650 individuals, each benefiting from the 16,603 accounts managed by the institution. This data suggests that Lake Huron Credit Union is dedicated to offering its financial services to a substantial number of individuals, ensuring they have access to necessary banking solutions.
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Impact
October, 2024
Lake Huron Credit Union plays a vital role in the financial landscape of Saginaw, Michigan, serving a growing community of 6,650 members. By providing a range of financial services, the credit union fosters economic well-being among its member owners, who share a common bond. As of December 31, 2022, the credit union managed a total of 16,603 accounts, highlighting its significant presence and trust within the local community. Through its mission to deliver accessible financial services, Lake Huron Credit Union contributes to enhancing financial literacy, stability, and empowerment among its members, thereby positively impacting the broader public interest.
This information is meant to be a general summary of Lake Huron Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $91,728
- Program Service Revenue: $5,706,585
- Gross Receipts: $5,798,313
Assets and Liabilities:
- Total Assets: $72,932,666
- Total Liabilities: $63,347,679
- Net Assets: $9,584,987
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ATM FEE'S
Revenue
$54,245
FEE AND OTHER INCOME
Revenue
$2,612,556
LOAN INTEREST INCOME
Revenue
$3,039,784
Organization Details
Founding Year
1959
Phone
(989) 752-5214Principal Officer
Beverly Lee
Main Address
1540 TITTABAWASSEE, SAGINAW, MI, 48604
Website
www.lhcu.orgNTEE Category
Code: W60 - Public benefit
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