Sep, 30, 2025 — NORTHERN LIGHTS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CHATHAM, MI with 2 branch locations and about $12.33 million in total assets. Opened 81 years ago in 1945, NORTHERN LIGHTS COMMUNITY FEDERAL CREDIT UNION has about 1,310 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN LIGHTS COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 126 CHATHAM, MI 49816 |
| Phone: | (906) 439-5100 |
| Fax: | (906) 439-5822 |
| Website: | https://www.nlightsfcu.com |
| Branches: | 2 branch locations |
| Members: | 1,310 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5272 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,334,170 |
| CEO/Manager: | Nicole Maki |
| Chairperson: | Heather Beckwith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,647,454 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 492,009 |
| Other Loans | 3,006,334 |
| TOTAL LOANS | 3,498,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,939 |
| Land And Building | 112,897 |
| Other Fixed Assets | 34,508 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 101,759 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,334,170 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 122 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 110,518 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,061,578 |
| Regular shares | 7,087,431 |
| All Other Shares & Deposits | 966,223 |
| TOTAL SHARES & DEPOSITS | 11,115,232 |
| TOTAL LIABILITIES | 11,225,872 |
| Regular Reserve | 0 |
| Other Reserves | 136,878 |
| Undivided Earnings | 971,420 |
| TOTAL EQUITY | 1,108,298 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,334,170 |
| INCOME & EXPENSE | |
| Loan Income | 203,239 |
| Investment Income | 240,671 |
| Other Income | 42,437 |
| Total Employee Compensation & Benefits | 161,899 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 187,479 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -21,939 |
| Cost of Funds | 10,729 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 195,038 |
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