2024-04-17T09:41:59-05:00 2023-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2023-01-01 350885375 TECH CREDIT UNION TECH 2196635120 10110 RANDOLPH STREET CROWN POINT IN 463071727 EUGENE R NOVELLO PRESIDENT & CEO 2196635120 2024-04-15 1 EUGENE NOVELLO 999009999 1 TINA PETERS P00904574 2695674500 2024-04-15 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z EUGENE R NOVELLO 10110 RANDOLPH STREET CROWN POINT IN 463071727 33458221 0 X WWW.TECHCU.ORG X 1936 IN TO PROMOTE THRIFT AND PROVIDE LOW COST LOANS TO MEMBERS. THIS IS ACCOMPLISHED ON A CO-OPERATIVE BASIS FOR THE MUTUAL BENEFIT OF THOSE WITHIN THE MEMBERSHIP. 9 9 187 0 0 0 0 0 22632975 24716120 258083 8684628 298211 0 23189269 33400748 0 0 0 0 10148310 11093296 0 0 0 10547929 15463116 20696239 26556412 2493030 6844336 536572543 527252079 495053216 479256849 41519327 47995230 TO PROVIDE SERVICES THAT ENABLE OUR MEMBERS TO ACHIEVE A LIFETIME OF FINANCIAL SUCCESS. 0 0 MAINTAIN SAVINGS ACCOUNTS FOR MEMBERS (TO PROMOTE THRIFT) AND OFFER LOANS TO MEMBERS AT LOW COST AND REASONABLE INTEREST RATES. THE CREDIT UNION HAD APPROXIMATELY 38,525 MEMBERS AT THE END OF THE YEAR. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 7938 0 1 187 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 IN X EUGENE R NOVELLO 2196635120 10110 RANDOLPH STREET CROWN POINT IN 463071727 JOE MACHARA CHAIRPERSON 4.00 X X 7000 0 0 JAMES MACK 2ND VICE CHAIRPERSON 4.00 X X 6250 0 0 WALTER GARBARCZYK SECRETARY 4.00 X X 5250 0 0 EDWARD PETYO TREASURER 4.00 X X 6252 0 0 LISA BECK DIRECTOR 4.00 X 6250 0 0 LUIS GONZALEZ DIRECTOR 4.00 X 5500 0 0 RICHARD YOUNG DIRECTOR 4.00 X 7000 0 0 LEE LANE DIRECTOR 4.00 X 6500 0 0 GREGORY A SALVATORE DIRECTOR 4.00 X 6500 0 0 EUGENE R NOVELLO PRESIDENT/CEO 40.00 X 327852 0 44896 CRIS RIZZO KRATKOCZKI VICE PRESIDENT OF FINANCE 40.00 X 125526 0 24999 MICHAEL CASEY EXECUTIVE VICE PRESIDENT 40.00 X 183076 0 49141 KIM CARPENTER CUMS MANAGER 40.00 X 151892 0 15189 LARRY SCHAFFER VICE PRESIDENT OF MARKETING 40.00 X 130975 0 15527 ROSEANN DENNIS VICE PRESIDENT OF HUMAN RESOURCES 40.00 X 106414 0 42511 DONALD MCCORMICK VICE PRESIDENT OF COMMERCIAL LENDING 40.00 X 124864 0 45640 SCOTT WINGER VICE PRESIDENT OF FACILITIES & PHYSICAL SECURITY 40.00 X 122115 0 24494 1329216 0 262397 13 0 1 0 CHARLES L PARDEE JR BUILDER LLC 7414 E MEADOWS DR CEDAR MI 49621 CONSTRUCTION MANAGEMENT 3448355 NCR 864 SPRING STREET ATLANTA GA 49621 DIGITAL BANKING SOLUTIONS 615308 BUCHER TECHNOLOGIES 6 MICHIGAN AVE VALPARAISO IN 46383 INFORMATION TECHNOLOGY SERVICES 458816 QSIINC 107 SCHULER DRIVE BARDSTOWN KY 40004 BANKING EQUIPMENT 447907 COMCASTBUS 1701 JOHN F KENNEDY BLVD PHILADELPHIA PA 19103 DATA LINES 233511 12 INTEREST INCOME FROM LOANS 522100 20122609 20122609 FEES AND CHARGES 522100 4593511 4593511 24716120 1074985 1074985 6807 6807 0 3790309 3870000 0 50666 3790309 3819334 7609643 7609643 33400748 25791105 0 7609643 799489 7872450 529160 1254110 638087 8689 71796 473760 396725 829423 872625 1485985 162862 5708778 1360805 OPERATIONS 2247648 LOAN SERVICING EXPENSE 1204522 PROVISION FOR LOAN LOSS 473787 SERVICE CENTER FEES 112225 53486 26556412 2666816 2792066 6234600 31503425 485387755 445723672 1196682 1119288 34445824 10276187 20909519 24169637 3654305 2415533 16522866 19528458 536572543 527252079 5571857 5036389 20000000 18487000 469481359 455733460 495053216 479256849 X 0 0 0 0 41519327 47995230 41519327 47995230 536572543 527252079 X 6844336 20620 -389053 X 0 1 X 1 0 3489550 3489550 22754219 6092051 16662168 8202055 4184136 4017919 24169637 MEMBERS' SHARES AND SAVINGS 455733460 455733460 X X 0 0 0 EUGENE R NOVELLO PRESIDENT/CEO 327852 0 0 0 0 0 32965 0 11931 0 372748 0 0 0 MICHAEL CASEY EXECUTIVE VICE PRESIDENT 183076 0 0 0 0 0 19203 0 29938 0 232217 0 0 0 DONALD MCCORMICK VICE PRESIDENT OF COMMERCIAL LENDING 124864 0 0 0 0 0 13231 0 32409 0 170504 0 0 0 KIM CARPENTER CUMS MANAGER 151892 0 0 0 0 0 15189 0 0 0 167081 0 0 0 CRIS RIZZO KRATKOCZKI VICE PRESIDENT OF FINANCE 125526 0 0 0 0 0 12739 0 12260 0 150525 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 A MEMBER IS DEFINED AS ANY INDIVIDUAL OR BUSINESS THAT HAS LOAN OR DEPOSIT ACCOUNT AT THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A IN ACCORDANCE WITH THE BYLAWS, THE BOARD OF DIRECTORS IS ELECTED BY A VOTE OF THE MEMBERSHIP, USUALLY CONDUCTED ANNUALLY. PRIOR TO ANY MEETING AT WHICH AN ELECTION IS TO BE HELD, A NOMINATING COMMITTEE MAY BE APPOINTED BY THE BOARD OF DIRECTORS WHOSE DUTY IT SHALL BE TO NOMINATE A COMPLETE LIST OF CANDIDATES FOR THE VARIOUS POSITIONS TO BE FILLED AT SUCH MEETING. FORM 990, PART VI, SECTION A, LINE 7B MAJOR DECISIONS, SUCH AS WHETHER OR NOT TO MERGE INTO ANOTHER CREDIT UNION, WOULD REQUIRE RATIFICATION BY THE MEMBERSHIP TO BE APPROVED. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS FORM 990 BEFORE IT IS FILED WITH THE IRS. BOARD DOES NOT REVIEW THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EXECUTIVE STAFF COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE CREDIT UNION'S INTERNAL AUDITOR REVIEWS THESE STATEMENTS TO ENSURE COMPLETION AND COMPLIANCE. IN THE EVENT A CONFLICT IS IDENTIFIED, THE BOARD MEMBER WILL BE ABSENT FROM ALL DISCUSSIONS, RECOMMENDATIONS, DETERMINATIONS AND DECISIONS REGARDING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED AS PART OF EACH INDIVIDUALS' ANNUAL REVIEW. THE COMPENSATION AMOUNTS ARE INCLUDED IN THE BUDGET THAT IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE ON FILE WITH THE INDIANA SECRETARY OF STATE'S OFFICE. A COPY OF THESE DOCUMENTS CAN BE OBTAINED THROUGH THIS OFFICE. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE ON DISPLAY IN THE LOBBY OF THE CREDIT UNION'S HOME OFFICE. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: NET UNREALIZED LOSS ON DEFINED BENEFIT PENSION PLAN 50,769. ADOPTION OF ASU NO 2016-13 -439,822. CREDIT UNION MORTGAGE SERVICES LLC 10951 BROADWAY CROWN POINT IN 46307 351850325 MORTGAGE ORIGINATION IN TECH CREDIT UNION C -104431 1705265 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 CREDIT UNION MORTGAGE SERVICES LLC J 53289 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC Q 1028900 ACTUAL EXPENSE