Tlcu Financial
- Assets
- $53.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Mishawaka, IN
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 35-0932142
Organization Overview
Tlcu Financial is located in Mishawaka, IN. The organization was established in 2019. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Tlcu Financial employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tlcu Financial is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Tlcu Financial generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEPOSIT/LENDING PROVIDING LOANS AND SAVINGS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 2,094 ACCOUNTS WITH $20,196,203 IN LOANS AND 8,221 ACCOUNTS WITH SAVINGS OF $46,027,082.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deric Eggelston Chairman | Trustee | 1 | $0 |
Janet Donath Treasurer/secretary | Trustee | 1 | $0 |
Victor Kasznia Vice Chairman | Trustee | 1 | $0 |
James Leeper Board Member | Trustee | 1 | $0 |
Constantine Iantria Board Member | Trustee | 1 | $0 |
Carol Smith VP Accouting | Officer | 40 | $37,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $772,175 |
| Investment income | $426,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,985,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,558 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $474,840 |
| Pension plan accruals and contributions | $18,654 |
| Other employee benefits | $78,520 |
| Payroll taxes | $44,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $960 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,541 |
| Fees for services: Other | $63,940 |
| Advertising and promotion | $38,004 |
| Office expenses | $38,304 |
| Information technology | $34,379 |
| Royalties | $0 |
| Occupancy | $121,747 |
| Travel | $23,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $710 |
| Interest | $77,007 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,637 |
| Insurance | $20,864 |
| All other expenses | $24,303 |
| Total functional expenses | $1,600,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $812,097 |
| Savings and temporary cash investments | $507,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,661 |
| Loans from Officers, Directors, or Controlling Persons | $265,393 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,898,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,971 |
| Net Land, buildings, and equipment | $978,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $28,456,100 |
| Intangible assets | $0 |
| Other assets | $2,671,877 |
| Total assets | $53,743,752 |
| Accounts payable and accrued expenses | $355,825 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,027,082 |
| Total liabilities | $46,382,907 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,360,845 |
| Total liabilities and net assets/fund balances | $53,743,752 |