Sep, 30, 2025 — LAKE HURON CREDIT UNION is a federally insured state chartered credit union headquartered in SAGINAW, MI with 3 branch locations and about $82.04 million in total assets. Opened 67 years ago in 1959, LAKE HURON CREDIT UNION has about 6,325 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAKE HURON CREDIT UNION |
|---|---|
| Address: (Main Office) | 1540 Tittabawassee Rd SAGINAW, MI 48604-9445 |
| Phone: | (989) 752-5214 |
| Fax: | (989) 752-0203 |
| Website: | https://www.lhcu.org |
| Branches: | 3 branch locations |
| Members: | 6,325 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61638 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,041,356 |
| CEO/Manager: | Beverly J Lee |
| Chairperson: | Steve Willett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,330,193 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,970,558 |
| Unsecured Loans | 3,941,802 |
| Other Loans | 23,200,878 |
| TOTAL LOANS | 60,113,238 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -357,060 |
| Land And Building | 2,724,750 |
| Other Fixed Assets | 228,595 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 642,048 |
| All Other Assets | 74,814 |
| TOTAL ASSETS | 82,041,356 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,868 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,030,080 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,831,996 |
| Regular shares | 19,654,625 |
| All Other Shares & Deposits | 39,054,138 |
| TOTAL SHARES & DEPOSITS | 67,540,758 |
| TOTAL LIABILITIES | 70,586,706 |
| Regular Reserve | 0 |
| Other Reserves | 96,513 |
| Undivided Earnings | 11,358,137 |
| TOTAL EQUITY | 11,454,650 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,041,356 |
| INCOME & EXPENSE | |
| Loan Income | 3,333,994 |
| Investment Income | 448,257 |
| Other Income | 620,405 |
| Total Employee Compensation & Benefits | 1,867,967 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,360,227 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 121,453 |
| Cost of Funds | 951,622 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 300,073 |
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