2022-08-31T15:26:30-05:00 2021-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2021-01-01 350885375 TECH CREDIT UNION TECH 2196635120 10110 RANDOLPH STREET CROWN POINT IN 463071727 EUGENE R NOVELLO PRESIDENT & CEO 2196635120 2022-08-31 1 EUGENE NOVELLO 999009999 KENLEY PENNER CPA P00740260 2695674500 2022-08-31 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z EUGENE R NOVELLO 10110 RANDOLPH STREET CROWN POINT IN 463071727 20918900 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 9 185 0 268626 0 0 0 17526340 20322258 656658 299578 0 268626 18182998 20890462 0 0 0 0 8357386 9037679 0 0 0 8743091 9402997 17100477 18440676 1082521 2449786 440361162 509548706 404945054 470386395 35416108 39162311 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 39,000 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 6913 0 1 185 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 6000 0 0 PATRICIA CORDRAY 1ST VICE CHAIRPERSON 4.00 X X 5500 0 0 JAMES MACK 2ND VICE CHAIRPERSON 4.00 X X 5750 0 0 WALTER GARBARCZYK SECRETARY 4.00 X X 5500 0 0 EDWARD PETYO TREASURER 4.00 X X 5750 0 0 CHRISTINE ATHERTON DIRECTOR 4.00 X 5500 0 0 LISA BECK DIRECTOR 4.00 X 6000 0 0 LUIS GONZALEZ DIRECTOR 4.00 X 3750 0 0 RICHARD YOUNG DIRECTOR 4.00 X 5500 0 0 EUGENE R NOVELLO PRESIDENT/CEO 40.00 X 293308 0 38617 CRIS RIZZO KRATKOCZKI VICE PRESIDENT OF FINANCE 40.00 X 118454 0 22463 MICHAEL CASEY EXECUTIVE VICE PRESIDENT 40.00 X 182675 0 38776 KIM CARPENTER CUMS MANAGER 40.00 X 203050 0 13693 LARRY SCHAFFER VICE PRESIDENT OF MARKETING 40.00 X 131596 0 23365 ROSEANN DENNIS VICE PRESIDENT OF HUMAN RESOURCES 40.00 X 107028 0 39417 DONALD MCCORMICK VICE PRESIDENT OF COMMERCIAL LENDING 40.00 X 126340 0 53983 SCOTT WINGER VICE PRESIDENT OF FACILITIES 40.00 X 110595 0 21265 1322296 0 251579 10 0 1 0 NCR 864 SPRING STREET ATLANTA GA 49621 DIGITAL BANKING SOLUTIONS 428649 CORELATION INC 2305 HISTORIC DECTAUR RD SAN DIEGO CA 92106 INFORMATION TECHNOLOGY SERVICES 345850 BUCHER TECHNOLOGIES 6 MICHIGAN AVE VALPARAISO IN 46383 INFORMATION TECHNOLOGY SERVICES 233707 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 INFORMATION TECHNOLOGY SERVICES 135669 CHARLES L PARDEE JR BUILDER LLC 7414 E MEADOWS DR CEDAR MI 49621 CONSTRUCTION MANAGEMENT 110649 5 LOAN INTEREST 522100 14604295 14604295 FEES AND CHARGES 522100 5717963 5717963 20322258 299578 299578 28438 28438 0 INCOME FROM LIFE INSURANCE PAYMEN 524298 268626 268626 268626 20890462 20621836 268626 0 743544 6219382 460285 1120618 493850 34941 55400 132825 389021 1098491 745225 981237 1676864 891907 OPERATIONS 1975894 LOAN SERVICING EXPENSE 830080 PROVISION FOR LOAN LOSS 411748 SERVICE CENTER FEES 115969 63395 18440676 2902141 2934366 39196705 9894407 313639618 445247114 926280 1088769 29250691 11426520 16637363 17824171 51930700 14277229 15128355 18282650 440361162 509548706 2105436 2344753 10000000 402839618 458041642 404945054 470386395 X 0 0 0 0 35416108 39162311 35416108 39162311 440361162 509548706 X 2449786 -23078 1319495 X X 0 1 X 1 0 3290206 3290206 16253721 5569963 10683758 9706764 5856557 3850207 17824171 MEMBERS' SHARES AND SAVINGS 458041642 458041642 X X 0 0 0 EUGENE R NOVELLO PRESIDENT/CEO 253682 0 35070 0 4556 0 28412 0 10205 0 331925 0 0 0 MICHAEL CASEY EXECUTIVE VICE PRESIDENT 179925 0 2750 0 0 0 18267 0 20509 0 221451 0 0 0 KIM CARPENTER CUMS MANAGER 202800 0 250 0 0 0 13693 0 0 0 216743 0 0 0 DONALD MCCORMICK VICE PRESIDENT OF COMMERCIAL LENDING 125090 0 1250 0 0 0 25268 0 28715 0 180323 0 0 0 LARRY SCHAFFER VICE PRESIDENT OF MARKETING 131346 0 250 0 0 0 13160 0 10205 0 154961 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 GAIN ON DEFINED BENEFIT PENSION PLAN 105,588. NCUA MEMBER DISTRIBUTION 1,213,907. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED SIGNIFICANTLY FROM THE PRIOR YEAR. THE CREDIT UNION'S SUPERVISORY COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART X, LINE 5 AND SCHEDULE L: SCHEDULE L IS NOT REQUIRED FOR LOANS RECEIVABLE BALANCES ON FORM 990, PART X, LINE 5 IF THE LOANS ARE MADE BY THE CREDIT UNION TO THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES ON THE SAME TERMS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. THEREFORE, THE CREDIT UNION HAS INCLUDED APPROXIMATELY $1,237,000 AND $165,000 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2021 AND 2020, RESPECTIVELY, WITHIN FORM 990, PART X, LINE 7. CREDIT UNION MORTGAGE SERVICES LLC 10951 BROADWAY CROWN POINT IN 46307 351850325 MORTGAGE ORIGINATION IN TECH CREDIT UNION C 2286854 3991863 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 CREDIT UNION MORTGAGE SERVICES LLC J 53773 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC L 120000 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC Q 2099977 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC A 28438 CASH RECEIVED