2019-05-15T12:33:23-05:00 2018-12-31 381357951 PLANTE & MORAN PLLC 511 RENAISSANCE DR STE 120 ST JOSEPH MI 49085 990 2018-01-01 350885375 TECH CREDIT UNION TECH 2196635120 10951 BROADWAY CROWN POINT IN 463071727 GENE NOVELLO PRESIDENT & CEO 2196635120 2019-05-13 1 KENLEY PENNER P00740260 2699828000 2019-05-13 67.59.56.31 2019-05-13 13:50:00 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4CCF3D665DB494DB5A655F58CD7BD30AE0A965BD 2018 2019-02-21 02:37:17Z GENE NOVELLO 10951 BROADWAY CROWN POINT IN 463071727 19486736 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 9 127 0 0 0 0 0 13784283 15514664 1153555 1521959 0 235764 14937838 17272387 0 0 0 0 6309219 6674755 0 0 0 7487289 7570969 13796508 14245724 1141330 3026663 356935538 360917214 328302095 329354588 28633443 31562626 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 38,316 MEMBERS AT THE END OF THE YEAR. 0 0 0 0 0 0 0 0 0 1 1 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 6628 0 1 127 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 GENE NOVELLO 2196635120 10951 BROADWAY CROWN POINT IN 463071727 JOE MACHARA CHAIRPERSON 4.00 X X 2050 0 0 PATRICIA CORDRAY 1ST VICE CHAIRPERSON 4.00 X X 2050 0 0 JAMES MACK 2ND VICE CHAIRPERSON 4.00 X X 1600 0 0 LISA BECK SECRETARY 4.00 X X 1200 0 0 EDWARD PETYO TREASURER 4.00 X X 2050 0 0 CHRISTINE ATHERTON DIRECTOR 4.00 X 1800 0 0 WALTER GARBARCZYK DIRECTOR 4.00 X 1950 0 0 LUIS GONZALEZ DIRECTOR 4.00 X 1350 0 0 RICHARD YOUNG DIRECTOR 4.00 X 1850 0 0 MICHAEL HUSSEY PRESIDENT / CEO 40.00 X 259162 0 55667 MICHAEL CASEY VP OF FINANCE 40.00 X 144579 0 38371 RICHARD LUNDSTROM EXECUTIVE VICE PRESIDENT 40.00 X 155457 0 40612 MARY JO DUNCAN VICE PRESIDENT OF LENDING 40.00 X 116928 0 21491 LARRY SCHAFFER VICE PRESIDENT OF MARKETING 40.00 X 112402 0 20094 MICHAEL NAGY CUMS MANAGER 40.00 X 114140 0 37860 RICHARD SIMAGA DIR. OF COMMERCIAL LENDING 40.00 X 106009 0 33775 1024577 0 247870 7 0 1 0 NCR 864 SPRING ST NW ATLANTA GA 30303 DIGITAL BANKING SOLUTIONS 678679 FISERV 255 FISERV DR BROOKFIELD WI 53045 INFORMATION TECHNOLOGY 382256 COMCAST CORPORATION 1701 JFK BLVD PHILADELPHIA PA 19103 COMMUNICATIONS 382256 AT&T 208 S AKARD ST DALLAS TX 75202 COMMUNICATIONS 225561 BUCHER TECHNOLOGIES 6 MICHIGAN AVENUE VALPARAISO IN 46383 INFORMATION TECHNOLOGY SERVICES 163412 6 LOAN INTEREST 522100 10987666 10987666 FEES AND CHARGES 522100 4526998 4526998 15514664 1457502 1457502 37943 38329 -386 -386 -386 2100977 139500 2100977 75043 0 64457 64457 64457 NATIONAL CREDIT UNION SHARE INSUR 522100 236150 236150 236150 17272387 17208316 0 64071 693847 4421741 344000 859643 355524 27728 43428 82142 367786 547987 472481 691895 2036990 457627 OPERATIONS 1761836 PROVISION FOR LOAN LOSS 455725 LOAN SERVICING EXPENSE 358166 SERVICE CENTER FEES 225680 41498 14245724 2358964 2647872 17899611 21686577 252479232 275288997 963812 877146 18379982 9246629 9045480 9133353 59645461 44979075 14542978 6304194 356935538 360917214 3312359 2366513 324989736 326988075 328302095 329354588 X 0 0 0 0 28633443 31562626 28633443 31562626 356935538 360917214 X 3026663 23666 -121146 X X 0 1 X 1 0 2669611 2669611 10281633 4653609 5628024 5428738 4593020 835718 9133353 CERTIFICATES OF DEPOSIT 36088000 C INVESTMENT IN SUBSIDIARY 1553956 C NCUA GUARANTEED NOTES 5023740 F MORTGAGE-BACKED SECURITIES 2313379 F 44979075 MEMBERS' SHARES AND SAVINGS 326988075 326988075 X X 0 0 0 MICHAEL HUSSEY PRESIDENT / CEO 258812 0 350 0 0 0 33555 0 22112 0 314829 0 0 0 MICHAEL CASEY VP OF FINANCE 144229 0 350 0 0 0 16433 0 21938 0 182950 0 0 0 RICHARD LUNDSTROM EXECUTIVE VICE PRESIDENT 155107 0 350 0 0 0 18500 0 22112 0 196069 0 0 0 MICHAEL NAGY CUMS MANAGER 108575 0 5565 0 0 0 11042 0 26818 0 152000 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 LOSS ON DEFINED BENEFIT PENSION PLAN -121,146. 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 INDEPENDANT 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 $246,000 AND $284,000 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2018 AND 2017, 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 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 65037 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC L 107935 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC Q 780247 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC A 37943 CASH RECEIVED