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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

$8.6M$7.4M2023$9.9M$8.5M2024$11.1M$9.1M2025
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$11,134,121$9,072,922$2,061,199$161,878,463$143,521,303$18,357,160
December 31, 2024990$9,882,520$8,467,512$1,415,008$157,142,997$140,976,459$16,166,538
December 31, 2023990$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.

NameTitleHours / weekCompensationOther / benefits
JUSTIN BAMFORDCEO
Officer
40$261,628$41,578
HEATHER CARRVice President
Officer
40$99,237$31,432
STEPHANIE WYMANCOO
Officer
40$109,096$16,802
BARBARA BLAIRCFO
Officer
40$79,530$14,187
RITA KOSHEBADirector
Trustee or director
1$0$0
SHARON SWANINGERTreasurer
Trustee or director
1$0$0
LEE ANDREWSChairman
Trustee or director
1$0$0
ANNA ULMERDirector
Trustee or director
1$0$0
JEFF COLSTONDirector
Trustee or director
1$0$0
NICOLE OSBORNSecretary
Trustee or director
0$0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
JUSTIN BAMFORDCEO
Officer
40$188,375$38,531
HEATHER CARRVice President
Officer
40$97,793$28,972
STEPHANIE WYMANCOO
Officer
40$105,517$15,712
RITA KOSHEBASecretary
Trustee or director
1$0$0
SHARON SWANINGERTreasurer
Trustee or director
1$0$0
STEVEN SALTERDirector
Trustee or director
1$0$0
LEE ANDREWSChairman
Trustee or director
1$0$0
ANNA ULMERDirector
Trustee or director
1$0$0
JEFF COLSTONDirector
Trustee or director
1$0$0
NICOLE OSBORNDirector
Trustee or director
0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
JUSTIN BAMFORDCEO
Officer
40$151,534$35,303
HEATHER CARRVice President
Officer
40$83,610$29,022
STEPHANIE WYMANCOO
Officer
40$87,916$13,544
RITA KOSHEBASecretary
Trustee or director
0$0$0
SHARON SWANINGERTreasurer
Trustee or director
0$0$0
STEVEN SALTERDirector
Trustee or director
0$0$0
LEE ANDREWSChairman
Trustee or director
0$0$0
LARRY GOLDNERDirector
Trustee or director
0$0$0
JEFF COLSTONDirector
Trustee or director
0$0$0
NICOLE OSBORNDirector
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.

990 for the year ended December 31, 2025

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 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
Assets (IRS master file)
$161,878,463
Income (IRS master file)
$11,134,121

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$11,134,121$9,072,922$161,878,463IRS
990December 2024$9,882,520$8,467,512$157,142,997XML
990December 2023$8,649,191$7,399,927$154,862,707XML
990December 2022$7,219,078$6,395,474$169,930,532IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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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