Nonprofit · EIN 38-1623775
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 826 LAKE HURON CREDIT UNION
Tax-exempt · SAGINAW, MI 48603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,093,492 | $6,019,653 | $73,839 | $82,529,801 | $71,588,395 | $10,941,406 |
| December 31, 2023 | 990 | $6,169,455 | $5,367,810 | $801,645 | $76,905,530 | $66,413,564 | $10,491,966 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,460,201
- Investment income
- $627,272
- Other revenue
- $6,019
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $597,923
- Other salaries and wages
- $993,984
- Salaries, compensation and benefits (total)
- $2,244,796
- Professional fundraising fees
- $0
- Legal fees
- $303
- Occupancy
- $163,559
- Travel
- $126,361
- Depreciation
- $194,127
Balance sheet and other
- Total assets, start of year
- $76,905,530
- Total assets, end of year
- $82,529,801
- Total liabilities, end of year
- $71,588,395
- Net assets, end of year
- $10,941,406
- Land, buildings and equipment
- $3,089,681
- Publicly traded securities
- $4,095,737
- Gross unrelated business income
- $62,161
- Gross receipts
- $6,093,492
- Employees
- 43
- Volunteers
- 7
- Year formed
- 1959
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BEVERLY LEE | CEO Officer | 45 | $268,969 | $54,392 |
| ELIZABETH MARX | Vice President Officer | 45 | $133,167 | $14,106 |
| MARTIN LEE | Controller Officer | 45 | $105,475 | $21,814 |
| STEVE WILLETT | Chairman Trustee or director | 1 | $0 | $0 |
| JERRY SCHRANK | Treasurer Trustee or director | 1 | $0 | $0 |
| ANTHONY HATCH | Director Trustee or director | 1 | $0 | $0 |
| JAY PEPLINSKI | Director Trustee or director | 1 | $0 | $0 |
| DONALD COON | Secretary Trustee or director | 1 | $0 | $0 |
| RAYMOND HUMMEL | Director Trustee or director | 1 | $0 | $0 |
| SCOTT WEISS | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BEVERLY LEE | CEO Officer | 45 | $326,597 | $62,048 |
| ELIZABETH MARX | Vice President Officer | 45 | $126,156 | $7,538 |
| MARTIN LEE | Controller Officer | 45 | $88,983 | $614 |
| STEVE WILLETT | Chairman Trustee or director | 1 | $0 | $0 |
| JERRY SCHRANK | Treasurer Trustee or director | 1 | $0 | $0 |
| ANTHONY HATCH | Director Trustee or director | 1 | $0 | $0 |
| JAY PEPLINSKI | Director Trustee or director | 1 | $0 | $0 |
| DONALD COON | Secretary Trustee or director | 1 | $0 | $0 |
| RAYMOND HUMMEL | Director Trustee or director | 1 | $0 | $0 |
| SCOTT WEISS | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5385, SAGINAW, MI 48603-0385
- Principal officer (990 for 2024)
- BEVERLY LEE, 1540 TITTABAWASSEE, SAGINAW, MI 48604
- Signed the 990
- BEVERLY LEE, CEO
- Phone
- (989) 752-5214
- Website
- https://www.lhcu.org/
- Return prepared by
- FINANCIAL STANDARDS GROUP INC
Mission
TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.
Program accomplishments
- THE CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO MEMBERS. THE NUMBER OF MEMBERS AS OF 12/31/24 WAS 6,583. THE TOTAL NUMBER OF ACCOUNTS HELD BY THE MEMBERSHIP AS OF 12/31/24 WAS 14,817.
- THE CREDIT UNION PROVIDES LOANS TO ITS MEMBERSHIP. THE TOTAL NUMBER OF LOANS OUTSTANDING AS OF 12/31/24 WAS 4,491.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-1623775
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- Assets (IRS master file)
- $82,529,801
- Income (IRS master file)
- $6,093,492
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,093,492 | $6,019,653 | $82,529,801 | XML |
| 990 | December 2023 | $6,169,455 | $5,367,810 | $76,905,530 | XML |
| 990 | December 2022 | $5,798,313 | $4,096,648 | $72,932,666 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1623775).
Questions about CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is 38-1623775.
- Is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2024 names BEVERLY LEE.
- Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $268,969 (BEVERLY LEE, CEO).
- How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,093,492, expenses of $6,019,653 and total assets of $82,529,801 at year end.
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