2025-09-24T17:42:33-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 381524325 TLC COMMUNITY CREDIT UNION TLCC 5174239120 3030 S ADRIAN HWY ADRIAN MI 49221 JEFF BREHMER CEO 5174239120 2025-09-24 1 0 AUBREY CLEGG P01076395 3052328272 2025-09-24 2024 2025-03-06 01:10:19Z JEFF BREHMER 3030 S ADRIAN HWY ADRIAN MI 49221 51200567 0 X WWW.TLCCU.ORG X CREDIT UNION 1956 MI PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 170 12 72318 17721 0 0 25241975 27777306 9188816 12794762 8099 1557 34438890 40573625 184869 211213 0 0 9717832 10700259 0 0 0 14757496 19911275 24660197 30822747 9778693 9750878 715763418 784182164 641150356 696540451 74613062 87641713 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 55,790 MEMBERS WITH SAVINGS, SHARE DRAFTS, CLUB, MONEY MARKET, BUSINESS, INDIVIDUAL RETIREMENT, AND CERTIFICATES OF DEPOSIT ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $667,988,000 AS OF DECEMBER 31, 2024. PROVIDE 15,775 NEW AND USED AUTO, UNSECURED, OVERDRAFT, COMMERCIAL, REAL ESTATE, HOME EQUITY, STUDENT AND CREDIT CARD LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $371,589,000 AS OF DECEMBER 31, 2024. 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 21885 0 1 170 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 2.00 X 0 0 0 LISA WEDDIE DIRECTOR 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 SECRETARY 1.00 X 0 0 0 JEFF BREHMER CEO 40.00 X 349302 0 118522 JENNIFER FROST SR VP FINANCE 40.00 X 128049 0 15901 MICHAEL ZARNECKI SVP OPERATIONS 40.00 X 156224 0 38801 PAUL CORAZZOL SVP INFORMATION SERVICES 40.00 X 162677 0 44784 BAILEY DAMON VP BRANCH OPERATIONS 40.00 X 107016 0 13261 ALYCIA NICHOLS EVP-OPERATIONS & LENDING 40.00 X 183965 0 48672 LINDA TOMFORD VP HUMAN RESOURCES 40.00 X 112291 0 13816 RANDALL SMITH FORMER CEO 40.00 X 139323 0 0 1338847 0 293757 12 1 1 0 KRIEGHOFF LENAWEE COMPANY 1610 EAST MAUMEE ST ADRIAN MI 49221 CONSTRUCTION SERVICES 2829222 QSI INC 107 SCHULER DRIVE BARDSTOWN KY 40004 ATM/ITM BRANCH SOLUTIONS, SECURITY PROVI 1619451 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 COMPUTER SERVICES 1521455 BUSINESS DATA INC PO BOX 91218 LOS ANGELES CA 90009 MARKETING & MAILING SERVICES 448334 INSIGHT PO BOX 731069 DALLAS TX 75373 COMPUTER SOFTWARE AND PERIPHERALS 191778 8 LOAN INTEREST INCOME 522100 18244317 18244317 FEE AND OTHER INCOME 522100 9460671 9460671 FINANCE AND INSURANCE 520000 72318 72318 27777306 13104216 13104216 81600 80043 1557 1557 1557 10235945 1500 10546899 0 -310954 1500 -309454 -309454 40573625 40501307 72318 0 X 192295 18918 611774 7396912 891489 1197326 602758 21452 193298 1977494 404537 1713102 589098 808849 199759 9600286 786550 99633 990T EXPENSE 5669 LOAN SERVICING 2562606 PROVISION FOR LOAN LOSS 523653 MISCELLANEOUS EXPENSE 332096 93193 30822747 5600518 8449240 2739561 4928726 200702 168075 353592651 370414226 421678 516934 22372825 8311674 8615859 14061151 284448187 343232032 31420422 13311080 28723840 29100700 715763418 784182164 5325926 3552673 25000000 635824430 667987778 641150356 696540451 X 0 0 0 0 74613062 87641713 74613062 87641713 715763418 784182164 X 9750878 3298440 -20667 X X 0 1 X 1 0 2674663 2674663 12993592 4062972 8930620 21804 21804 0 6682766 4226898 2455868 14061151 COLLATERALIZED MORTGAGE OBLIGATIONS (AFS) 247265007 F FHLB STOCK 1201800 C PRIVATE LABEL COLLATERALIZED MORTGAGE OBLIGATIONS (AFS) 22545122 F MORTGAGE-BACKED SECURITIES (AFS) 46177626 F U.S. TREASURY SECURITIES (AFS) 12046484 F MUNICIPAL BONDS (AFS) 13995993 F 343232032 MEMBER SHARES 667987778 667987778 X 40653668 0 40653668 -80043 -80043 40573625 30902790 80043 80043 30822747 0 30822747 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, 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF REVENUE WITHIN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. -80,043. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF REVENUE WITHIN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. 80,043. 1 LENAWEE COUNTY HUMANE SOCIETY 705 WEST BEECHER STREET ADRIAN MI 49221 381574080 501(C)(3) 10000 0 COMMUNITY SUPPORT HPSDOLD MILL MUSEUM 242 TOLEDO STREET DUNDEE MI 48131 383612610 501(C)(3) 7500 0 COMMUNITY SUPPORT HOUSING HELP OF LENAWEE PO BOX 687 ADRIAN MI 49221 383091170 501(C)(3) 8000 0 COMMUNITY SUPPORT LENAWEE COMMUNITY FOUNDATION 1440 WEST MAUMEE STREET ADRIAN MI 49221 386095474 501(C)(3) 10000 0 COMMUNITY SUPPORT 4 0 SCHOLARSHIPS 5 5000 PART I, LINE 2: THE CREDIT UNION CHOOSES DONATION RECIPIENTS BASED ON CERTAIN CRITERIA AND RETAINS DOCUMENTS SUPPORTING THE CREDIT UNION'S DECISIONS. FORM 990, SCHEDULE I, PART III TO QUALIFY FOR THE ASSISTANCE, INDIVIDUALS MUST HAVE BEEN ACCEPTED TO AN ACCREDITED POST-SECONDARY SCHOOL, MUST BE ATTENDING COLLEGE FULL-TIME AND MAINTAIN A 3.0 GPA, MUST BE APPLYING FOR SCHOLARSHIPS THROUGH LCEF AND MUST HAVE AN ACTIVE ACCOUNT WITH TLC. SUBSEQUENT MONITORING ISN'T REQUIRED BUT WE DO ASK RECIPIENTS TO KEEP US POSTED ON HOW THEY ARE DOING. X 1 1 X X X X 0 1 0 JEFF BREHMER CEO 348786 0 0 0 516 0 43012 0 75510 0 467824 0 0 0 ALYCIA NICHOLS EVP-OPERATIONS & LENDING 183845 0 0 0 120 0 24168 0 24504 0 232637 0 0 0 PAUL CORAZZOL SVP INFORMATION SERVICES 162161 0 0 0 516 0 20867 0 23917 0 207461 0 0 0 MICHAEL ZARNECKI SVP OPERATIONS 156224 0 0 0 0 0 19517 0 19284 0 195025 0 0 0 RANDALL SMITH FORMER CEO 0 0 0 0 139323 0 0 0 0 0 139323 0 0 0 PART I, LINE 4B RANDALL SMITH'S W-2 COMPENSATION REPORTED IN COLUMN B(III) OF SCH J INCLUDES A 457(B) BENEFIT DISTRIBUTION. THE EXECUTIVE'S ANNUAL 457(B) DEFERRALS WERE REPORTED AS A COMPONENT OF BOX 5 COMPENSATION WITHIN PRIOR YEARS' FORMS W-2. SINCE BOX 5 HAS HISTORICALLY EXCEEDED THE DOLLAR AMOUNT REPORTED IN BOX 1, THE COMPENSATION RELATIVE TO THE 457(B) DISTRIBUTION OF $139,323 INCLUDED IN 2024 COMPENSATION, HAS ALREADY BEEN REPORTED AS W-2 COMPENSATION IN PRIOR YEARS' FORMS 990. IN 2024, THE COMPENSATION AMOUNT REPORTED IN FORM 990 REPRESENTS THE AMOUNT REPORTED IN BOX 1 OF FORM W-2. THAT IS, BOX 1 COMPENSATION EXCEEDED THE AMOUNT REPORTED IN BOX 5, AS A RESULT OF THE DISTRIBUTION OF RANDALL SMITH'S 457(B) BENEFIT. THE CREDIT UNION MAINTAINS A CREDIT UNION OWNED LIFE INSURANCE PLAN FOR THE BELOW-LISTED EMPLOYEES. AS THE OWNER OF THE POLICIES, THE CREDIT UNION IS THE BENEFICIARY OF THE CORRESPONDING DEATH BENEFITS. THE CASH SURRENDER VALUE OF EACH POLICY IS ALSO PROVIDED. JEFF BREHMER - $4,306,384 ALYCIA NICHOLS - $4,301,510 PAUL CORAZZOL - $4,306,001 MICHAEL ZARNECKI - $4,301,897 THE CREDIT UNION ALSO CONTRIBUTES TO A POST RETIREMENT BENEFIT PLAN FOR JEFF BREHMER. THE BENEFIT LIABILITY AS OF DECEMBER 31, 2024, WAS $92,752. 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 122,767. INTERNET BANKING 577,063. NETWORK ADMINISTRATION 1,277,664. FORM 990, PART IX, LINE 24E OPERATING FEES 93,193. FORM 990, PART XI, LINE 9: CHANGE IN ACTUARIAL VALUE OF POST-RETIREMENT BENEFITS -20,667. 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.