2020-04-24T13:34:40-07:00 2019-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2019-01-01 381602298 TBA CREDIT UNION TBAC 2319467090 630 EAST FRONT STREET TRAVERSE CITY MI 49686 KAREN BROWNE CEO 2020-04-24 true Robert Draeger P01331632 8005225820 2019 2021-04-22 16:20:28Z KAREN BROWNE 630 EAST FRONT STREET TRAVERSE CITY MI 49686 10899094 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 74 7 34095 -555 0 9529080 9769297 833938 1129797 1316 0 10364334 10899094 0 0 3331918 3806373 0 0 4881587 5036181 8213505 8842554 2150829 2056540 218594615 231267119 186880339 197448074 31714276 33819045 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 12/31/2019 was 17,780. 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 12/31/2019 was 11,958. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, SAFE DEPOSIT BOXES, BILL PAYMENT, TRAVELERS CHECKS, SECURELOCK EQUIP CARD MOBILE APP, 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 true 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 4747 0 true 74 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 207430 0 26686 ROBIN WYBENGA CFO 40.00 0.00 X 105008 0 10940 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 Secretary 1.00 0.00 X 0 0 0 ROBERT WITKOP Director 1.00 0.00 X 0 0 0 CHARLES HAMLYN Treasurer 1.00 0.00 X 0 0 0 KATHERINE WALKER-TELMA Director 1.00 0.00 X 0 0 0 KATHLEEN DOUGLASS Director 1.00 0.00 X 0 0 0 312438 37626 2 false true false CUANSWERS 6000 28th St SE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 448764 BLUE CARE 20500 Civic Center Dr SOUTHFIELD MI 48076 HEALTH INSURANCE 372170 FIS 11601 ROOSEVELT BOULEVARD ST PETERSBURG FL 33716 DEBIT CARD EXPENSE 305039 CITY OF TRAVERSE CITY 400 BOARDMAN AVENUE TRAVERSE CITY MI 496850592 PROPERTY TAXES 138037 Clearpath Solutions Group LLC 12100 Sunset Hills Rd Ste 610 Reston VA 20190 IT hardware 311903 6 0 FEE INCOME 522100 2389475 2389475 LOAN INTEREST 522100 7345727 7345727 NON-MEMBER ATM FEES 900099 10400 10400 SPRINT REIMBURSEMENT 2484 2484 UNRELATED INSURANCE INCOM 524298 20690 20690 521 521 9769297 1129797 1129797 0 0 0 0 0 0 0 0 10899094 10864999 34095 0 0 0 0 350064 0 2524788 305143 385932 240446 0 5881 22087 0 0 0 68819 225723 767533 281082 0 354801 66855 0 0 1090009 0 302526 52742 Provision for Loan Losses 937204 Loan Servicing Expense 588729 Officials Expense 54499 ATM Expense 51006 166685 8842554 0 0 0 1166053 1019244 23226007 39979928 0 558827 1232 0 0 162277145 154160327 0 1012660 939134 12393929 1997408 10287799 10396521 0 16055216 20010252 1102701 1694022 0 2908207 3066459 218594615 231267119 4680642 2578234 182199697 194869840 186880339 197448074 X 31714276 33819045 31714276 33819045 218594615 231267119 X 2056540 48229 X false true X true false 5227076 5227076 5399891 1042238 4357653 1766962 955170 811792 10396521 20010252 Program related investments 1694022 C Member Shares & Deposits 194869840 194869840 10899094 10899094 10899094 8842554 8842554 8842554 false false false KAREN BROWNE CEO 207430 12396 14290 234116 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-EO 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 = $11430 Other Changes In Net Assets Or Fund Balances - Other Increases Other Comprehensive Income = $36799