2023-10-13T14:01:19-05:00 2022-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2022-01-01 381524325 TLC COMMUNITY CREDIT UNION TLCC 5174239120 3030 S ADRIAN HWY ADRIAN MI 49221 JEFF BREHMER CEO 5174239120 2023-08-28 1 JEFF BREHMER 999009999 0 JACK C TRACY P01974742 2482443000 2023-08-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFF BREHMER 3030 S ADRIAN HWY ADRIAN MI 49221 27771198 0 X WWW.TLCCU.ORG X CREDIT UNION 1956 MI PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 159 11 73729 27958 0 0 21334153 21767103 3806800 5847334 -8076 3814 25132877 27618251 131200 131203 0 0 8616240 9226458 0 0 0 9155634 10213319 17903074 19570980 7229803 8047271 694874887 686921237 603182930 624812253 91691957 62108984 TO PROMOTE THE PHILOSOPHY OF PEOPLE HELPING PEOPLE. STRIVING TO BE THE PRIMARY PROVIDER OF FINANCIAL SERVICES TO OUR MEMBERS AND THEIR FAMILIES BY PROVIDING THE OPPORTUNITY TO ACHIEVE FINANCIAL SECURITY AND WELL-BEING. 0 0 PROVIDE 54,698 MEMBERS WITH SAVINGS, SHARE DRAFTS, CLUB, MONEY MARKET, BUSINESS, INDIVIDUAL RETIREMENT, AND CERTIFICATES OF DEPOSIT ACCOUNTS TOTALING 99,864. PROVIDE 15,009 NEW AND USED AUTO, UNSECURED, OVERDRAFT, COMMERCIAL, REAL ESTATE, HOME EQUITY, STUDENT AND CREDIT CARD LOANS. OFFER ATM, ON-LINE BANKING, AUDIO RESPONSE, ACH, SAFE DEPOSIT BOXES, OVERDRAFT PROTECTION, CHECK CASHING, TRAVEL CARDS, MOBILE BANKING, MOBILE DEPOSIT CAPTURE AND VARIOUS INSURANCE PROGRAMS TO ALL ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15676 0 1 159 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X TLC COMMUNITY CREDIT UNION 5174239120 3030 S ADRIAN HWY ADRIAN MI 49221 MARK SPOHR CHAIRPERSON 1.00 X 0 0 0 CHRIS LANE SECRETARY 1.00 X 0 0 0 TROY BEVIER DIRECTOR 1.00 X 0 0 0 RICHARD EGLI VICE CHAIRPERSON 1.00 X 0 0 0 JOE MURPHY TREASURER 1.00 X 0 0 0 MARK BRUGGEMAN DIRECTOR 1.00 X 0 0 0 MEREDITH FRANCIS DIRECTOR 1.00 X 0 0 0 JEFF BREHMER EVP-CFO 40.00 X 208611 0 50005 RANDALL SMITH CEO 40.00 X 384640 0 70566 MICHAEL ZARNECKI SVP-OPERATIONS 40.00 X 112926 0 25392 PAUL CORAZZOL SVP IT 40.00 X 148305 0 42703 LORIE EASTON SVP CONSUMER LENDING 40.00 X 148095 0 18426 ALYCIA NICHOLS EVP OPERATIONS & LENDING 40.00 X 145597 0 42008 1148174 0 249100 6 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 COMPUTER SERVICES 1212803 DOXIM INC PO BOX 933472 CLEVELAND OH 44193 DOCUMENT PROCESSING 293689 ARCA TECH INC 1151 HOLMES ROAD MEBANE NC 27302 BANKING MACHINES 184081 INSIGHT PO BOX 731069 DALLAS TX 75373 COMPUTER SOFTWARE AND PERIPHERALS 137046 ADRIAN MECHANICAL SERVICES CO 953 WEST BEECHER STREET ADRIAN MI 49221 HVAC, PLUMBING, MECHANICAL SERVICES & RE 134437 9 LOAN INTEREST INCOME 522100 12760786 12760786 FEE AND OTHER INCOME 522100 8932588 8932588 FINANCE AND INSURANCE 520000 73729 73729 21767103 5830361 5830361 81600 77786 3814 3814 3814 92134 75161 16973 16973 16973 27618251 27544522 73729 0 X 116122 15081 713822 6340735 779741 862738 529422 18087 167364 1598177 230092 1494002 322368 731377 104636 1837840 629691 97699 990T EXPENSE 7900 LOAN SERVICING 2607168 MISCELLANEOUS EXPENSE 226235 OPERATING FEES 89241 51442 19570980 8064532 8786566 589667 942993 477128 967874 299157552 342127128 425857 361296 16679864 7569499 9152427 9110365 336711423 294253997 30072477 3502117 10223824 26868901 694874887 686921237 2651979 3048898 600530951 621763355 603182930 624812253 X 0 0 0 0 91691957 62108984 91691957 62108984 694874887 686921237 X 8047271 -37627409 -2835 X X 0 1 X 1 0 2988282 2988282 8568537 3596457 4972080 21804 21804 0 5101241 3951238 1150003 9110365 FEDERAL AGENCY SECURITIES 293052197 F FHLB STOCK 1201800 C 294253997 MEMBER SHARES 621763355 621763355 X 27696037 0 27696037 -77786 -77786 27618251 19648766 77786 77786 19570980 0 19570980 PART X, LINE 2: TLC COMMUNITY CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE CREDIT UNION'S OPEN AUDIT PERIOD IS FOR THE THREE YEAR PERIOD ENDED DECEMBER 31, 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE ON FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS -77,786. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE ON FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 77,786. 1 ADRIAN PUBLIC SCHOOLS 785 RIVERSIDE AVE ADRIAN MI 49221 382760130 501(C)(3) 25000 0 CHARITABLE CONTRIBUTION 1 0 SCHOLARSHIPS 10 10000 PART I, LINE 2: THE CREDIT UNION CHOOSES DONATION RECIPIENTS BASED ON CERTAIN CRITERIA AND RETAINS DOCUMENTS SUPPORTING THE CREDIT UNION'S DECISIONS. X 1 1 X X X X 0 1 0 RANDALL SMITH CEO 383848 0 0 0 792 0 38526 0 32040 0 455206 0 0 0 JEFF BREHMER EVP-CFO 208095 0 0 0 516 0 26400 0 23605 0 258616 0 0 0 PAUL CORAZZOL SVP IT 147789 0 0 0 516 0 19200 0 23503 0 191008 0 0 0 ALYCIA NICHOLS EVP OPERATIONS & LENDING 145477 0 0 0 120 0 19469 0 22539 0 187605 0 0 0 LORIE EASTON SVP CONSUMER LENDING 145803 0 0 0 2292 0 17715 0 711 0 166521 0 0 0 PART I, LINE 4B THE CREDIT UNION MAINTAINS A CREDIT UNION OWNED LIFE INSURANCE PLAN FOR THE CEO, RANDALL SMITH. THE CASH SURRENDER VALUE OF THIS PLAN AS OF DECEMBER 31, 2022, WAS $1,354,460. AS THE OWNER OF THE POLICY, THE CREDIT UNION IS THE BENEFICIARY OF THE CORRESPONDING FUTURE DEATH BENEFIT. THE CREDIT UNION ALSO CONTRIBUTES TO A POST RETIREMENT BENEFIT PLAN FOR THE CEO. THE BENEFIT LIABILITY AS OF DECEMBER 31, 2022, WAS $225,897. DURING 2022, THE CREDIT UNION PURCHASED CREDIT UNION OWNED LIFE INSURANCE PLANS FOR THE BELOW-LISTED EMPLOYEES. AS THE OWNER OF THE POLICIES, THE CREDIT UNION IS THE BENEFICIARY OF THE CORRESPONDING FUTURE DEATH BENEFITS. THE CASH SURRENDER VALUE OF EACH POLICY IS ALSO PROVIDED. JEFF BREHMER - $4,081,607 ALYCIA NICHOLS - $4,076,957 PAUL CORAZZOL - $4,081,240 MICHAEL ZARNECKI - $4,077,324 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING OF THE MEMBERSHIP FOR 3 YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP OF THE CREDIT UNION MUST APPROVE MERGERS, FIELD OF MEMBERSHIP CHANGES, BY-LAW CHANGES, AND CHARTER CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND SCHEDULES ARE CAREFULLY REVIEWED BY THE SENIOR VICE PRESIDENT OF FINANCE. THE CEO ALSO REVIEWS IN SUMMARY. THE FORM 990 AND SCHEDULES ARE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE MONITORED BY A SYSTEM OF DUAL CONTROLS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES CEO COMPENSATION THROUGH THE USE OF MULTIPLE SALARY SURVEYS AND THIRD PARTY APPRAISAL AND COMPENSATION SYSTEM. THE CEO USES THE SAME RESOURCES FOR DETERMINING VP COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF THE CREDIT UNION. OTHER DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 122,976. INTERNET BANKING 510,593. NETWORK ADMINISTRATION 964,608. FORM 990, PART IX, LINE 24E PROVISION FOR LOAN LOSSES 51,442. FORM 990, PART XI, LINE 9: CHANGE IN ACTUARIAL VALUE OF POST-RETIREMENT BENEFITS -2,835. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.