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Michigan · Nonprofit

LAKE HURON CREDIT UNION

LAKE HURON CREDIT UNION (Michigan) receives grants from 1 organization whose IRS filings report $5,000 to it, the largest being MICHIGAN CREDIT UNION FOUNDATION ($5,000). 0 of them have funded it in more than one year.

Revenue FY2024
$6.1M
Funders on record
1
Grants received
$5k
Net assets
$11M
0/1 repeat funderspeak grant-dependency 0%
01What it does

What Lake Huron Credit Union does

Mission

To provide financial services to member owners with a common bond.

As stated on its FY2024 Form 990.

Programs

  1. 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.

  2. The credit union provides loans to its membership. The total number of loans outstanding as of 12/31/24 was 4,491.

The 2 programs described on its FY2024 Form 990, listed largest first by expense.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($3.1M) Expenses 100 ($2.8M) Net assets 100 ($5.1M)2018 Revenue 110 ($3.4M) Expenses 106 ($2.9M) Net assets 109 ($5.6M)2019 Revenue 125 ($3.9M) Expenses 121 ($3.3M) Net assets 120 ($6.2M)2020 Revenue 133 ($4.1M) Expenses 122 ($3.4M) Net assets 134 ($6.9M)2021 Revenue 147 ($4.6M) Expenses 122 ($3.4M) Net assets 156 ($8.0M)2022 Revenue 187 ($5.8M) Expenses 148 ($4.1M) Net assets 186 ($9.6M)2023 Revenue 199 ($6.2M) Expenses 194 ($5.4M) Net assets 204 ($10M)2024 Revenue 197 ($6.1M) Expenses 218 ($6.0M) Net assets 213 ($11M)
'17'18'19'20'21'22'23'24
Revenue (197)Expenses (218)Net assets (213)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $52M to $63M (+21%).

$49M
$49M
$52M
$63M
$70M
$73M
$77M
$83M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2023 16%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$333k
’17
$477k
’18
$527k
’19
$734k
’20
$1.2M
’21
$1.7M
’22
$802k
’23
$74k
’24
31
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Beverly Lee

CEO

Board chair

Steve Willett

Chairman

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed8888881010
Joined·+2+1+1+2+1+4+0
No longer listed·2112120
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'20
total
funders
1

From the IRS filings of LAKE HURON CREDIT UNION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of LAKE HURON CREDIT UNION's grant income comes from Michigan funders.

MI

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Government funding LAKE HURON CREDIT UNION receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.3M on record.

Federal$2.3M
grants $2.3Mcontracts $0
19
21
Top agencies
  • Department of the Treasury$2.3M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like LAKE HURON CREDIT UNION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Michigan

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

7
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for LAKE HURON CREDIT UNION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LAKE HURON CREDIT UNION?
LAKE HURON CREDIT UNION (Michigan) receives grants from 1 organization whose IRS filings report $5,000 to it, the largest being MICHIGAN CREDIT UNION FOUNDATION ($5,000). 0 of them have funded it in more than one year.
How many funders does LAKE HURON CREDIT UNION have?
IRS filings report 1 organization giving $5,000 in grants to LAKE HURON CREDIT UNION.
Who is the largest funder of LAKE HURON CREDIT UNION?
MICHIGAN CREDIT UNION FOUNDATION is the largest funder on record, with $5,000 in grants. The full list of funders is on this page.
How can an organization like LAKE HURON CREDIT UNION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Lake Huron Credit Union →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing