Nonprofit · EIN 38-1627377
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 367 HARBORLIGHT CREDIT UNION
Tax-exempt · WHITEHALL, MI 49461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,134,121 | $9,072,922 | $2,061,199 | $161,878,463 | $143,521,303 | $18,357,160 |
| December 31, 2024 | 990 | $9,882,520 | $8,467,512 | $1,415,008 | $157,142,997 | $140,976,459 | $16,166,538 |
| December 31, 2023 | 990 | $8,649,191 | $7,399,927 | $1,249,264 | $154,862,707 | $140,267,851 | $14,594,856 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,871,518
- Investment income
- $1,262,603
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $653,490
- Other salaries and wages
- $1,943,032
- Salaries, compensation and benefits (total)
- $3,117,314
- Professional fundraising fees
- $0
- Occupancy
- $179,455
- Travel
- $143,598
- Depreciation
- $177,400
Balance sheet and other
- Total assets, start of year
- $157,142,997
- Total assets, end of year
- $161,878,463
- Total liabilities, end of year
- $143,521,303
- Net assets, end of year
- $18,357,160
- Land, buildings and equipment
- $2,544,100
- Publicly traded securities
- $1,738,744
- Gross unrelated business income
- $24,043
- Gross receipts
- $11,134,121
- Employees
- 51
- Volunteers
- 7
- Year formed
- 1954
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTIN BAMFORD | CEO Officer | 40 | $261,628 | $41,578 |
| HEATHER CARR | Vice President Officer | 40 | $99,237 | $31,432 |
| STEPHANIE WYMAN | COO Officer | 40 | $109,096 | $16,802 |
| BARBARA BLAIR | CFO Officer | 40 | $79,530 | $14,187 |
| RITA KOSHEBA | Director Trustee or director | 1 | $0 | $0 |
| SHARON SWANINGER | Treasurer Trustee or director | 1 | $0 | $0 |
| LEE ANDREWS | Chairman Trustee or director | 1 | $0 | $0 |
| ANNA ULMER | Director Trustee or director | 1 | $0 | $0 |
| JEFF COLSTON | Director Trustee or director | 1 | $0 | $0 |
| NICOLE OSBORN | Secretary Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTIN BAMFORD | CEO Officer | 40 | $188,375 | $38,531 |
| HEATHER CARR | Vice President Officer | 40 | $97,793 | $28,972 |
| STEPHANIE WYMAN | COO Officer | 40 | $105,517 | $15,712 |
| RITA KOSHEBA | Secretary Trustee or director | 1 | $0 | $0 |
| SHARON SWANINGER | Treasurer Trustee or director | 1 | $0 | $0 |
| STEVEN SALTER | Director Trustee or director | 1 | $0 | $0 |
| LEE ANDREWS | Chairman Trustee or director | 1 | $0 | $0 |
| ANNA ULMER | Director Trustee or director | 1 | $0 | $0 |
| JEFF COLSTON | Director Trustee or director | 1 | $0 | $0 |
| NICOLE OSBORN | Director Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTIN BAMFORD | CEO Officer | 40 | $151,534 | $35,303 |
| HEATHER CARR | Vice President Officer | 40 | $83,610 | $29,022 |
| STEPHANIE WYMAN | COO Officer | 40 | $87,916 | $13,544 |
| RITA KOSHEBA | Secretary Trustee or director | 0 | $0 | $0 |
| SHARON SWANINGER | Treasurer Trustee or director | 0 | $0 | $0 |
| STEVEN SALTER | Director Trustee or director | 0 | $0 | $0 |
| LEE ANDREWS | Chairman Trustee or director | 0 | $0 | $0 |
| LARRY GOLDNER | Director Trustee or director | 0 | $0 | $0 |
| JEFF COLSTON | Director Trustee or director | 0 | $0 | $0 |
| NICOLE OSBORN | Director Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2151 COGSWELL DR, WHITEHALL, MI 49461-1848
- Principal officer (990 for 2025)
- JUSTIN BAMFORD, 2151 COGSWELL DRIVE, WHITEHALL, MI 49461
- Signed the 990
- JUSTIN BAMFORD, President & CEO
- Phone
- (231) 894-5608
- Return prepared by
- FINANCIAL STANDARDS GROUP INC
Mission
HARBORLIGHT CREDIT UNION EXISTS TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBERS.
Program accomplishments
- THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. AS OF 12/31/2025 THE CREDIT UNION HAD 11,504 MEMBERS.
- THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR ITS MEMBERS. AS OF 12/31/2025 THE CREDIT UNION HAD 7,746 LOANS OUTSTANDING LOANS TO ITS MEMBERS.
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 | 990 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
- 38-1627377
- 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)
- $161,878,463
- Income (IRS master file)
- $11,134,121
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,134,121 | $9,072,922 | $161,878,463 | IRS |
| 990 | December 2024 | $9,882,520 | $8,467,512 | $157,142,997 | XML |
| 990 | December 2023 | $8,649,191 | $7,399,927 | $154,862,707 | XML |
| 990 | December 2022 | $7,219,078 | $6,395,474 | $169,930,532 | 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 38-1627377).
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 38-1627377.
- 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 2026 (the year ending December 31, 2026) is due May 17, 2027. 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 2025.
- Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2025 names JUSTIN BAMFORD.
- Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2025 lists 10 people; 4 received compensation from the organization, the highest $261,628 (JUSTIN BAMFORD, CEO).
- How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,134,121, expenses of $9,072,922 and total assets of $161,878,463 at year end.
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