HARBOR BEACH COMMUNITY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Sep, 30, 2025 — 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 57 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 (National Credit Union Share Insurance Fund) 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 (National Credit Union Share Insurance Fund) 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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