2022-05-15T15:32:26-07:00 2021-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2021-01-01 381602298 TBA CREDIT UNION TBAC 2319467090 630 EAST FRONT STREET TRAVERSE CITY MI 49686 KAREN BROWNE CEO 2022-05-15 true KAREN BROWNE 999009999 Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z KAREN BROWNE 630 EAST FRONT STREET TRAVERSE CITY MI 49686 11979760 false X WWW.TBACU.COM X 1955 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. TO SERVE THE COMMUNITY AND BUILD TRUSTED RELATIONSHIP. 7 7 71 7 42250 0 10219359 10797028 1089699 1162801 0 11309058 11959829 0 0 4371624 4437134 0 0 5271597 3906857 9643221 8343991 1665837 3615838 279941839 332481629 244357615 293226049 35584224 39255580 TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. TO SERVE THE COMMUNITY AND BUILD TRUSTED RELATIONSHIP. false false The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2021 was 18,161. The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2021 was 11,804. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, SAFE DEPOSIT BOXES, BILL PAYMENT, TRAVELERS CHECKS, DIGITAL WALLET-APPLE, GOOGLE PAY, SAMSUNG PAY AND VARIOUS INSURANCE PROGRAMS. false false false false false false false false false true true false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 4068 0 true 71 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true true false X KAREN BROWNE 2319467090 630 EAST FRONT STREET TRAVERSE CITY MI 49686 KAREN BROWNE CEO 40.00 0.00 X 226680 0 0 ROBIN WYBENGA CFO 40.00 0.00 X 120938 0 0 ADAM BEVIER VICE CHAIR 1.00 0.00 X 0 0 0 DAN BRADY CHAIRPERSON 1.00 0.00 X 0 0 0 DAVID SEMAN BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT WITKOP BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES HAMLYN Treasurer 1.00 0.00 X 0 0 0 KATHERINE WALKER-TELMA BOARD MEMBER 1.00 0.00 X 0 0 0 KATHLEEN DOUGLASS Secretary 1.00 0.00 X 0 0 0 347618 2 false true false CUANSWERS 6000 28th St SE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 447164 BLUE CARE 20500 Civic Center Dr SOUTHFIELD MI 48076 HEALTH INSURANCE 443434 FIS 11601 ROOSEVELT BOULEVARD ST PETERSBURG FL 33716 DEBIT CARD EXPENSE 304847 CITY OF TRAVERSE CITY 400 BOARDMAN AVENUE TRAVERSE CITY MI 496850592 PROPERTY TAXES 164670 Neighborhood Mortgage Solutions 975 N Main St Suite D Frankenmuth MI 48734 mortgage services 117372 5 0 FEE INCOME 522100 3305792 3305792 LOAN INTEREST 522100 7448986 7448986 NON-MEMBER ATM FEES 900099 21436 21436 NON-MEMBER SHARED BRANCHI 522100 -486 -486 UNRELATED INSURANCE INCOM 524298 21300 21300 10797028 1153926 1153926 0 0 0 28806 19931 8875 8875 8875 0 0 0 0 11959829 11917579 42250 0 0 0 0 347618 0 2940104 413497 27300 708615 0 4494 20111 0 0 0 64965 233231 821129 291133 0 335173 30061 0 0 553212 0 320266 49248 Loan Servicing Expense 781635 Provision for Loan Losses 84272 ATM Expense 68940 Plastic Card Losses 59907 189080 8343991 0 0 0 949063 1340888 49480944 58846294 0 1801652 134000 0 0 155446082 162577763 0 863687 792366 12205358 2260556 10195578 9944802 68279305 55826444 25409818 1814113 0 0 3564276 5156393 279941839 332481629 2837699 2969102 241519916 290256947 244357615 293226049 X 35584224 39255580 35584224 39255580 279941839 332481629 X 3615838 55518 X false true X true false 5084156 5084156 5411130 1278742 4132388 1710072 981814 728258 9944802 25409818 114368837 Member Shares & Deposits 175888110 290256947 false false false KAREN BROWNE CEO 193848 25000 7832 226680 BROWNES ELECTRICAL SERV SPOUSE OF CEO 275 Maitenance Calls false Dan Brady Painting Owner on Board 14500 Painting Services false Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Section 501c(14) Credit Union is composed of members. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Mergers are voted on by entire membership. Form 990, Part VI, Line 11b: Form 990 Review Process Management reviews tax returns and forwards US Form 8879-TE to tax preparer. Board reviews filed tax returns at next scheduled meeting. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions Other Changes In Net Assets Or Fund Balances - Other Increases Member Fees & Fines = $11560 Other Changes In Net Assets Or Fund Balances - Other Increases Other Comprehensive Income = $43958