Sep, 30, 2025 — HARBORLIGHT CREDIT UNION is a federally insured state chartered credit union headquartered in WHITEHALL, MI with 2 branch locations and about $162.06 million in total assets. Opened 72 years ago in 1954, HARBORLIGHT CREDIT UNION has about 11,556 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HARBORLIGHT CREDIT UNION |
|---|---|
| Address: (Main Office) | 2151 Cogswell Dr WHITEHALL, MI 49461 |
| Phone: | (231) 894-5608 |
| Fax: | (231) 894-5530 |
| Website: | https://www.harborlightcu.org |
| Branches: | 2 branch locations |
| Members: | 11,556 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62066 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $162,059,710 |
| CEO/Manager: | Justin Bamford |
| Chairperson: | Lee Andrews |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,869,084 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,880,557 |
| Unsecured Loans | 11,776,626 |
| Other Loans | 43,780,750 |
| TOTAL LOANS | 110,218,237 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -976,414 |
| Land And Building | 2,342,543 |
| Other Fixed Assets | 236,706 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,319,650 |
| All Other Assets | 0 |
| TOTAL ASSETS | 162,059,710 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,307 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,812,093 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,646,842 |
| Regular shares | 49,823,627 |
| All Other Shares & Deposits | 67,034,412 |
| TOTAL SHARES & DEPOSITS | 142,504,881 |
| TOTAL LIABILITIES | 144,325,281 |
| Regular Reserve | 0 |
| Other Reserves | -18,041 |
| Undivided Earnings | 17,752,470 |
| TOTAL EQUITY | 17,734,429 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 162,059,710 |
| INCOME & EXPENSE | |
| Loan Income | 5,214,953 |
| Investment Income | 927,784 |
| Other Income | 678,114 |
| Total Employee Compensation & Benefits | 2,251,748 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,188,162 |
| Non-operating Income & (Expense) | 37,842 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 92,850 |
| Cost of Funds | 1,227,036 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,456,269 |
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