HARBOR BEACH COMMUNITY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — HARBOR BEACH COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in HARBOR BEACH, MI with 1 branch location and about $4.55 million in total assets. Opened 55 years ago in 1969, HARBOR BEACH COMMUNITY FEDERAL CREDIT UNION has about 623 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HARBOR BEACH COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 7 HARBOR BEACH, MI 48441 |
Phone: | (989) 479-3357 |
Fax: | (989) 479-9860 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 623 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19274 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Apr 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,548,909 |
CEO/Manager: | Lori K Lovejoy |
Chairperson: | Chanda Booms |
ASSETS: | $ Amount |
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Cash & Equivalents | 407,985 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 277,389 |
Other Loans | 948,304 |
TOTAL LOANS | 1,225,693 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,599 |
Land And Building | 46,140 |
Other Fixed Assets | 910 |
NCUSIF Deposit | 40,144 |
All Other Assets | 0 |
TOTAL ASSETS | 4,548,909 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,040 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,662,152 |
All Other Shares & Deposits | 446,118 |
TOTAL SHARES & DEPOSITS | 4,108,270 |
TOTAL LIABILITIES | 4,127,310 |
Regular Reserve | 0 |
Other Reserves | 86,238 |
Undivided Earnings | 335,361 |
TOTAL EQUITY | 421,599 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,548,909 |
INCOME & EXPENSE | |
Loan Income | 14,950 |
Investment Income | 4,303 |
Other Income | 140 |
Total Employee Compensation & Benefits | 13,417 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,859 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 593 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -5,476 |
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