2025-01-30T10:23:23-06:00 2024-08-25 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2024-01-01 020222930 LIGHTHOUSE FEDERAL CREDIT UNION F/K/A NORTHEAST CREDIT UNION LIGH 6034361847 PO BOX 1240 PORTSMOUTH NH 038021240 CHRISTOPHER G PARKER PRESIDENT & CEO 6034361847 2025-01-30 1 1 KAREN S NG P01067482 6174399700 2025-01-30 2023 2025-03-06 01:10:19Z X X CHRISTOPHER G PARKER PO BOX 1240 PORTSMOUTH NH 038021240 78609434 0 X WWW.NECU.ORG X 1936 NH PROVIDE CREDIT UNION SERVICES TO ITS MEMBERS. X 9 9 528 15 108759 0 0 0 95817814 71801215 10091280 6808219 0 0 105909094 78609434 1415985 67480 0 0 39759987 29163984 0 0 0 51044550 44291720 92220522 73523184 13688572 5086250 1947452259 0 1754991520 0 192460739 0 PROVIDE CREDIT UNION SERVICES TO ITS MEMBERS 0 0 CONSISTENT WITH THE PRINCIPLES, PHILOSOPHY AND VALUES OF THE CREDIT UNION AND VALUES OF THE CREDIT UNION MOVEMENTS, LIGHTHOUSE FEDERAL CREDIT UNION PROVIDES SAFE, HIGH QUALITY FINANCIAL SERVICES TO MEET THE NEEDS OF OUR MEMBERS OWNERS, ENHANCING THEIR FINANCIALS WELL BEING WHILE MAINTAINING THE STRENGTH OF THE CREDIT UNION. 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 23462 1 1 528 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 X NEIL GORDON 6035991707 PO BOSTON 1240 PORTSMOUTH NH 038021240 BRIAN GIBB DIRECTOR 1.00 X 0 0 0 THERESA PALUMBO SECRETARY 1.00 X X 0 0 0 TERRANCE BEERS VICE CHARIMAN 1.00 X X 0 0 0 DAVID PACIENCIA DIRECTOR 1.00 X 0 0 0 REGIS SAUCIER DIRECTOR 1.00 X 0 0 0 JULIE CUTTING-KELLY DIRECTOR 1.00 X 0 0 0 JUSTIN GAMESTER DIRECTOR 1.00 X 0 0 0 RAYMOND BALD CHAIRMAN 1.00 X X 0 0 0 VICTOR COLLININO TREASURER 1.00 X X 0 0 0 CHRISTOPHER G PARKER PRESIDENT/CEO 40.00 X 926083 0 41458 ANDREA PRUNA SVP CGO 40.00 X 346084 0 42235 TRACI TENGGREN SVP CHRO 40.00 X 403530 0 33766 NEIL GORDON SVP CFO 40.00 X 522581 0 16688 KENNETH LAWRENCE SVP CIO 40.00 X 465963 0 14034 KELLY MCGRATH SVP CRO 40.00 X 496533 0 32179 LEE P SCHAFER SVP COO/GENERAL COUNSEL 40.00 X 536936 0 34982 SEAN MCNAIR SVP CME 40.00 X 501572 0 34090 RICHARD LIPARI VP, OPERATIONS AND BUSINESS INTELLIGENCE & AU 40.00 X 226449 0 28170 GINA MARIE JONES VP PRODUCT 40.00 X 197160 0 20382 CHRISTINA J ZAUDKE VP BRANCH STRATEGY AND INNOVATION 40.00 X 227790 0 31061 JOHN L GALLAGHER VP INTERNAL AUDIT 40.00 X 220660 0 24141 DOUGLAS SITES VP CONSUMER & INDIRECT LENDING 40.00 X 182848 0 25496 BONNIE J WARD ENDED 042423 VP IT 40.00 X 226567 0 25566 RYAN FRANCIS GRACE VP BRAND 40.00 X 184488 0 11659 CHRISTOPHER SAUCIER VP MORTGAGE LENDING AND PAYMENT RESOLUTION 40.00 X 219251 0 15449 DANIEL RAPOSA EXECUTIVE DIRECTOR OF FOUNDATION 40.00 X 189748 0 9485 SUZANNE R LADD VP CONSUMER DIRECT LENDING 40.00 X 216931 0 24518 KATHALEEN P HALL-GRIGALUS VP BUSINESS DEVELOPMENT 40.00 X 189190 0 14352 STEPHANIE KOCH VP RISK MANAGEMENT 40.00 X 179037 0 16102 DAVID AUTHUR PERRON AVP IT 40.00 X 145623 0 18799 JEANNE WARD AV PAYMENT RESOLUTION 40.00 X 146241 0 19613 SEAN TIPTON AVP MEMBER CARE 40.00 X 146700 0 23241 ARTHUR WILLIAM MACGREGOR SALES REP 40.00 X 231962 0 31400 JACQUELYN MICHELE SNOW AVP DATA ANALYTICS 40.00 X 178019 0 14842 7507946 0 603708 58 0 1 0 LENDERS PROTECTION LLC 1501 S MOPAC EXPRESSWAY SUITE 450 AUSTIN TX 78746 FINANCING 1128856 CAROUSEL INDUSTRIES OF NORTH AMERICA LL 659 SOUTH COUNTY TRAIL EXETER RI 02822 INFORMATION TECHNOLOGY 495115 CUSTOMIZED SERVICE CONCEPTS LLC 51 OZICK DRIVE SUIT 101 DURHAM CT 06422 SALES 417946 QUALTRICS LLC 333 W RIVER PARK DRIVE PROVO UT 84604 SOFTWARE 247247 PEMBERTON & ASSOCIATES 10 FOREST FALLS DR SUITE 1 YARMOUTH ME 04096 RECRUITING SERVICES 205001 16 LOAN INCOME 522100 56816172 56816172 OTHER INCOME 522100 10158737 10049978 108759 TOTAL FEES INCOME 522100 4826306 4826306 71801215 6718628 6718628 89591 0 89591 89591 89591 78609434 71692456 108759 6808219 67480 4199283 17892082 1622616 3759855 1690148 80420 191313 4200 4596513 2257952 5636585 1726425 1993127 88787 701595 15370342 1515060 273905 PROVISIONS FOR LOSS 4565685 LOAN SERVICING EXPENSES 1554485 PROCESSING FEES 1427484 MISC OPERATING EXPENSES 1216377 1091465 73523184 51424575 0 0 0 24558054 0 0 0 1615369469 0 0 4656280 0 0 0 39162519 0 95597065 0 103356513 0 0 0 13327784 0 1947452259 0 19237012 0 3005128 0 117907443 0 1614841937 0 1754991520 0 X 0 0 0 0 192460739 0 192460739 0 1947452259 0 X 5086250 904078 -198451067 X X 0 0 0 0 1 X 0 PART IV, LINE 2B: ESCROW ACCOUNT FOR RESIDENTIAL MORTGAGE LOANS. 1 DISCOVER DOWNTOWN WESTBROOK 816 MAIN ST WESTBROOK ME 04092 28000 0 FMV DONATION SEACOAST EAT LOCAL 2 WASHINGTON ST STE 331 DOVER NH 03820 452547575 501(C)(3) 7000 0 FMV DONATION MAKE A WISH 1702 E HIGHLAND AVENUE SUITE 400 PHOENIX AZ 85012 860481941 501(C)(3) 6750 0 FMV DONATION 2 1 X 1 1 X X 1 0 0 CHRISTOPHER G PARKER PRESIDENT/CEO 625295 0 300300 0 488 0 34868 0 6590 0 967541 0 0 0 LEE P SCHAFER SVP COO/GENERAL COUNSEL 292009 0 73320 0 171607 0 33752 0 1230 0 571918 0 0 0 NEIL GORDON SVP CFO 296154 0 41173 0 185254 0 12354 0 4334 0 539269 0 0 0 SEAN MCNAIR SVP CME 289326 0 81000 0 131246 0 34012 0 78 0 535662 0 0 0 KELLY MCGRATH SVP CRO 266661 0 74930 0 154942 0 30186 0 1993 0 528712 0 0 0 KENNETH LAWRENCE SVP CIO 290000 0 100 0 175863 0 9993 0 4041 0 479997 0 0 0 TRACI TENGGREN SVP CHRO 230539 0 48100 0 124891 0 27762 0 6004 0 437296 0 0 0 ANDREA PRUNA SVP CGO 267839 0 78245 0 0 0 35876 0 6359 0 388319 0 0 0 ARTHUR WILLIAM MACGREGOR SALES REP 50507 0 181455 0 0 0 26952 0 4448 0 263362 0 0 0 CHRISTINA J ZAUDKE VP BRANCH STRATEGY AND INNOVATION 190695 0 37095 0 0 0 24471 0 6590 0 258851 0 0 0 RICHARD LIPARI VP, OPERATIONS AND BUSINESS INTELLIG 190586 0 35863 0 0 0 18338 0 9832 0 254619 0 0 0 BONNIE J WARD ENDED 042423 VP IT 83360 0 37154 0 106053 0 20472 0 5094 0 252133 0 0 0 JOHN L GALLAGHER VP INTERNAL AUDIT 200198 0 20462 0 0 0 17624 0 6517 0 244801 0 0 0 SUZANNE R LADD VP CONSUMER DIRECT LENDING 183641 0 33290 0 0 0 22523 0 1995 0 241449 0 0 0 CHRISTOPHER SAUCIER VP MORTGAGE LENDING AND PAYMENT RESO 184345 0 30551 0 4355 0 11649 0 3800 0 234700 0 0 0 GINA MARIE JONES VP PRODUCT 185064 0 12096 0 0 0 13792 0 6590 0 217542 0 0 0 DOUGLAS SITES VP CONSUMER & INDIRECT LENDING 154078 0 28770 0 0 0 19137 0 6359 0 208344 0 0 0 KATHALEEN P HALL-GRIGALUS VP BUSINESS DEVELOPMENT 173387 0 15231 0 572 0 13644 0 708 0 203542 0 0 0 DANIEL RAPOSA EXECUTIVE DIRECTOR OF FOUNDATION 189748 0 0 0 0 0 7231 0 2254 0 199233 0 0 0 RYAN FRANCIS GRACE VP BRAND 174488 0 10000 0 0 0 6923 0 4736 0 196147 0 0 0 STEPHANIE KOCH VP RISK MANAGEMENT 167817 0 10868 0 352 0 16102 0 0 0 195139 0 0 0 JACQUELYN MICHELE SNOW AVP DATA ANALYTICS 167508 0 9538 0 973 0 14842 0 0 0 192861 0 0 0 SEAN TIPTON AVP MEMBER CARE 133758 0 12942 0 0 0 16881 0 6360 0 169941 0 0 0 JEANNE WARD AV PAYMENT RESOLUTION 128656 0 13320 0 4265 0 16762 0 2851 0 165854 0 0 0 DAVID AUTHUR PERRON AVP IT 55385 0 15338 0 74900 0 15324 0 3475 0 164422 0 0 0 PART I, LINE 4A DAVID ARTHUR PERRON RECEIVED $80,031 SEVERANCE PAYMENT IN 2023. BONNIE WARD RECEIVED $109,652 OF SEVERANCE PAYMENT IN 2023. CASH, PROPERTIES AND SECURITIES 2024-08-25 198451067 FMV 020222930 LIGHTHOUSE FEDERAL CREDIT UNION PO BOX 1240 PORTSMOUTH NH 038021240 501(C)(14) 1 1 0 0 1 1 1 0 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: LIGHTHOUSE CREDIT UNION PETITIONED THE FEDERAL REGULATOR OF CREDIT UNIONS, THE NCUA TO CONVERT TO A FEDERAL CHARTER FROM A STATE CHARTER. THE NCUA GRANTED PERMISSION AND THE CONVERSION WAS EFFECTIVE ON AUGUST 25, 2024. ALL REGULATORY BODIES THAT ARE REQUIRED TO BE NOTIFIED HAVE BEEN NOTIFIED.ASSUMPTION OF LIABILITIES:AS A RESULT OF THE CONVERSION TO A FEDERAL CREDIT UNION CHARTER, THE RESULTANT ENTITY LIGHTHOUSE FEDERAL CREDIT UNION ASSUMED ALL LIABILITIES AS OF THE CONVERSION DATE AS REQUIRED BY THE CONVERSION AGREEMENT WITH THE NCUA. FORM 990, PART VI, SECTION A, LINE 4 LIGHTHOUSE CREDIT UNION PETITIONED THE FEDERAL REGULATOR OF CREDIT UNIONS, THE NCUA TO CONVERT TO A FEDERAL CHARTER FROM A STATE CHARTER. THE CREDIT UNION UPDATED ITS BYLAWS DUE TO THIS CHANGE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ANNUAL ELECTIONS OF THE BOARD DIECTORS ARE SUBJECT TO MEMBERS VOTING AT THE ANNUAL MEETING FORM 990, PART VI, SECTION B, LINE 11B VP/CONTROLLER IS RESPONSIBLE FOR THE OVERSIGHT FOR THE COMPLETION OF THE 990 WHICH IS THEN FORWARDED ONTO THE SVP/CFO AND PRESIDENT FOR REVIEW AND THEN BROUGHT TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C REQUIRES ANNUAL SIGNATURES FROM THE BOARD OF DIRECTORS ON OUR CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 WE USE AN OUTSIDE FIRM TO MONITOR PAY LEVELS WITH SIMILAR JOB TITLES AT THE CREDIT UNION. THE NAME OF THE OUTSIDE COMPANY USED IS COMPEASE. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINACIALS ARE POSTED IN ALL BRANCH LOBBIES, AN THE ANNAUL MEETING IS OPEN TO ALL MEMBERS FORM 990, PART XI, LINE 9: ASSETS TRANSFERRED -198,451,067. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING LIGHTHOUSE FEDERAL CREDIT UNION F/K/A NORTHEAST CREDIT UNION HAS A FINANCIAL STATEMENT AUDIT ANNUALLY. ITS LAST AUDIT WAS FOR CALENDAR YEAR 2023. IT OPTED NOT TO PEFORM AN AUDIT THROUGH THE CONVERSION DATE. ITS NEXT AUDIT WILL BE FOR CALENDAR YEAR 2024. LIGHTHOUSE CREDIT UNION FOUNDATION 100 BORTHWICK AVENUE PORTSMOUTH NH 03801 832716428 GRANTMAKING FOUNDATION NH 501(C)(3) PF NORTHEAST CREDIT UNION 1 OCTANT BUSINESS SERVICES 255 GREAT ROAD PO BOX 1530 LITTLETON MA 014604530 201719458 PROVIDES BUSINESS LENDING SUPPORT MA N/A RELATED 37300 242412 0 0 0.12500 BORTHWICK ASSOCIATES PO BOX 269 PORTSMOUTH NH 03801 020385845 INSURANCE & INVESTMENTS NH NORTHEAST CREDIT UNION C 25002 186201 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0