2018-05-14T15:49:52-05:00 2017-12-31 381357951 PLANTE & MORAN PLLC 511 RENAISSANCE DR STE 120 ST JOSEPH MI 49085 990 2017-01-01 350885375 TECH CREDIT UNION TECH 2196635120 10951 BROADWAY CROWN POINT IN 463071727 MICHAEL M HUSSEY PRESIDENT & CEO 2196635120 2018-05-14 1 KENLEY PENNER P00740260 2699828000 2018-05-11 2017 2022-09-23 18:48:47Z MICHAEL M HUSSEY 10951 BROADWAY CROWN POINT IN 463071727 18836313 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 9 117 0 0 0 0 0 13353134 13784283 968561 1153555 0 0 14321695 14937838 0 0 0 0 6209542 6309219 0 0 0 7407461 7487289 13617003 13796508 704692 1141330 346316433 356935538 318970817 328302095 27345616 28633443 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 38,295 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 5222 0 1 117 1 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 MICHAEL M HUSSEY 2196635120 10951 BROADWAY CROWN POINT IN 463071727 CHRISTINE ATHERTON DIRECTOR 4.00 X 1650 0 0 EDWARD PETYO TREASURER 4.00 X X 1800 0 0 JAMES MACK 2ND VICE CHAIRPERSON 4.00 X 1800 0 0 JOE MACHARA CHAIRPERSON 4.00 X X 1800 0 0 LISA BECK SECRETARY 4.00 X X 1650 0 0 LUIS GONZALEZ DIRECTOR 4.00 X 1350 0 0 PATRICIA CORDRAY 1ST VICE CHAIRPERSON 4.00 X 1800 0 0 RICHARD YOUNG DIRECTOR 4.00 X 1800 0 0 WALTER GARBARCZYK DIRECTOR 4.00 X 1500 0 0 MICHAEL CASEY VP OF FINANCE 40.00 X 138760 0 37646 MICHAEL HUSSEY PRESIDENT / CEO 40.00 X 253414 0 53670 RICHARD LUNDSTROM EXECUTIVE VICE PRESIDENT 40.00 X 146537 0 38238 LARRY SCHAFFER VICE PRESIDENT OF MARKETING 40.00 X 106859 0 19627 MARY JO DUNCAN VICE PRESIDENT OF LENDING 40.00 X 109712 0 20363 MICHAEL NAGY CUMS MANAGER 40.00 X 116938 0 37194 RICHARD SIMAGA DIR. OF COMMERCIAL LENDING 40.00 X 102675 0 32401 990045 0 239139 7 0 1 0 DIGITAL INSIGHT 1300 SEAPORT BLVD REDWOOD CITY CA 94063 DIGITAL BANKING SOLUTIONS 666946 FISERV 255 FISERV DR BROOKFIELD WI 53045 INFORMATION TECHNOLOGY 464876 AT&T 208 S AKARD ST DALLAS TX 75202 COMMUNICATIONS 183636 CHESTER INC 555 EASTPORT CENTRE DR VALPARAISO IN 46383 INFORMATION TECHNOLOGY 166574 COMCAST CORPORATION 1701 JFK BLVD PHILADELPHIA PA 19103 COMMUNICATIONS 141864 5 LOAN INTEREST 522100 9515293 9515293 FEES AND CHARGES 522100 4268990 4268990 13784283 1153603 1153603 36966 36966 0 3861461 3861461 48 0 -48 -48 -48 14937838 14937886 0 -48 668264 4155261 324412 815422 345860 25938 33804 77757 386456 522301 446927 694381 1602454 557928 OPERATIONS 1728041 PROVISION FOR LOAN LOSS 757101 LOAN SERVICING EXPENSE 383511 SERVICE CENTER FEES 238129 32561 13796508 2655778 2358964 21538354 17899611 231287517 252479232 753155 963812 17781896 8736416 9104032 9045480 64716768 59645461 16260829 14542978 346316433 356935538 2755231 3312359 316215586 324989736 318970817 328302095 X 0 0 0 0 27345616 28633443 27345616 28633443 346316433 356935538 X 1141330 171129 -24632 X X 0 1 X 1 0 2519654 2519654 10171824 4416722 5755102 5090418 4319694 770724 9045480 CERTIFICATES OF DEPOSIT 48675000 C INVESTMENT IN SUBSIDIARY 1441873 C NCUA GUARANTEED NOTES 6590571 F MORTGAGE-BACKED SECURITIES 2938017 F 59645461 MEMBERS' SHARES AND SAVINGS 324989736 324989736 X X 0 0 0 MICHAEL CASEY VP OF FINANCE 135373 0 3387 0 0 0 15272 0 22374 0 176406 0 0 0 MICHAEL HUSSEY PRESIDENT / CEO 244381 0 5209 0 3824 0 32505 0 21165 0 307084 0 0 0 RICHARD LUNDSTROM EXECUTIVE VICE PRESIDENT 146185 0 352 0 0 0 17073 0 21165 0 184775 0 0 0 MICHAEL NAGY CUMS MANAGER 116738 0 200 0 0 0 12196 0 24998 0 154132 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 -24,632. 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. CREDIT UNION MORTGAGE SERVICES LLC 10951 BROADWAY CROWN POINT IN 46307 351850325 MORTGAGE ORIGINATION IN TECH CREDIT UNION C 872732 1569353 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 63037 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC L 73863 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC Q 702949 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC A 36966 CASH RECEIVED