2018-11-07T13:33:34-06:00 2017-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 381524325 TLC COMMUNITY CREDIT UNION TLCC 5174239120 3030 S ADRIAN HWY ADRIAN MI 49221 RANDALL SMITH CEO 5174239120 2018-11-07 1 ROBERT PARKS P00740435 2482443000 68.59.28.7 2018-11-07 08:11:58 ES P 5C10503600C6A44598C4573B9F16AA1A88D12859 EEF4FE8CDEF09A7814C765BD24A2772B28E60280 2017 2019-02-21 02:37:17Z RANDALL SMITH 3030 S ADRIAN HWY ADRIAN MI 49221 32092993 0 X WWW.TLCCU.ORG X CREDIT UNION 1956 MI PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 124 9 54584 35947 0 0 15207143 16133731 4273368 4144724 115954 -85855 19596465 20192600 0 7810 0 0 6289978 6690989 0 0 0 8139731 8176583 14429709 14875382 5166756 5317218 443222675 465553047 382947661 399905587 60275014 65647460 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 48,902 MEMBERS WITH SAVINGS, SHARE DRAFTS, CLUB, MONEY MARKET, BUSINESS, INDIVIDUAL RETIREMENT, AND CERTIFICATES OF DEPOSIT ACCOUNTS TOTALING 87,095. PROVIDE 14,880 NEW AND USED AUTO, REVOLVING CREDIT, OVERDRAFT, COMMERCIAL, REAL ESTATE, HOME EQUITY, STUDENT AND CREDIT CARD LOANS. OFFER ATM, HOME 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11011 0 1 124 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 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 1.00 X 0 0 0 DAVID MILLER VICE CHAIRPERSON 1.00 X 0 0 0 CHRIS LANE SECRETARY 1.00 X 0 0 0 JEFF BREHMER TREASURER 1.00 X 0 0 0 TROY BEVIER DIRECTOR 1.00 X 0 0 0 RICHARD EGLI DIRECTOR 1.00 X 0 0 0 MILTON ABBOTT DIRECTOR 1.00 X 0 0 0 RANDALL SMITH CEO 40.00 X 252359 0 62719 MICHAEL SERVOSS EVP-ADMINISTRATION 40.00 X 169437 0 40788 ROY CADIEUX EVP-OPERATIONS 40.00 X 181830 0 23084 ROBERT SCHROCK SR VP LENDING 40.00 X 141837 0 22538 745463 0 149129 4 0 1 0 CORNELIUS SYSTEMS 3966 ELEVEN MILE ROAD BERKLEY MI 48072 ATM'S AND KIOSK 369518 JACK HENRY & ASSOC PO BOX 609 MONETT MO 65708 DATA PROCESSING 255531 AMERICAN EXPRESS PO BOX 650448 DALLAS TX 752650448 CREDIT CARD 211300 WESCOM RESOURCES GROUP 5601 E LAPAMA AVE ANAHEIM CA 92807 ONLINE/MOBILE BANKING 160384 CREDIT UNION STUDENT CHOICE PARTNERS 6000 28TH STREET GRAND RAPIDS MI 49546 STUDENT LOAN ORIGINATION/SERVICING 133917 8 LOAN INTEREST INCOME 522100 9926097 9926097 FEE AND OTHER INCOME 522100 6153050 6153050 NON-MEMBER ATM INCOME 900099 54584 54584 16133731 3645676 3645676 60900 146755 -85855 -85855 -85855 11739264 513422 11410638 343000 328626 170422 499048 499048 20192600 20138016 54584 0 7810 730216 4367918 458270 744413 390172 23026 76600 37776 321904 1649162 265318 555170 110881 1724858 453031 104546 990T EXPENSE 5392 LOAN SERVICING 2193618 PROVISION FOR LOAN LOSS 396423 MISCELLANEOUS EXPENSE 159411 99467 14875382 4130543 5012150 663806 1205279 10679 131676 231687173 244558705 311184 520187 13536969 5538267 7804513 7998702 178608187 184023959 13172520 14693799 6834070 7408590 443222675 465553047 2258557 1683258 380689104 398222329 382947661 399905587 X 0 0 0 0 60275014 65647460 60275014 65647460 443222675 465553047 X 5317218 48592 6636 X X 0 1 X 1 0 1421309 1421309 8219275 2762787 5456488 21804 17884 3920 3762924 2757596 1005328 111657 111657 7998702 CERTIFICATES OF DEPOSIT 3484592 C FEDERAL AGENCY SECURITIES 179269467 F CO-OP NETWORK STOCK 3000 C FHLB STOCK 1266900 C 184023959 MEMBER SHARES 398222329 398222329 X 20339355 0 20339355 -146755 -146755 20192600 15022137 146755 146755 14875382 0 14875382 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL AND STATE INCOME TAXES BUT STILL MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UNRELATED BUSINESS INCOME IS INCOME FROM A TRADE OR BUSINESS REGULARLY CARRIED ON BY A TAX EXEMPT ORGANIZATION THAT IS NOT SUBSTANTIALLY RELATED TO THE ORGANIZATION'S EXEMPT PURPOSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS -146,755. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 146,755. 1 MICHIGAN FEDERATION FOR CHILDREN AND FAMILITIES 320 N WASHINGTON SQUARE SUITE 100 LANSING MI 48933 382628219 501(C)(3) 650 CHARITABLE CONTRIBUTION ASSOCIATED CHARITIES OF LENAWEE COUNTY 221 S TECUMSEH STREET ADRIAN MI 49221 381304224 501(C)(3) 500 CHARITABLE CONTRIBUTION SHARE THE WARMTH 1787 WILLIAMSBURG ADRIAN MI 49221 815143616 501(C)(3) 1100 CHARITABLE CONTRIBUTION HOSPICE OF LENAWEE COUNTY 1903 WOLF CREEK HWY ADRIAN MI 49221 382414012 501(C)(3) 400 CHARITABLE CONTRIBUTION CIVITAN CENTER INCORPORATED 3414 STOCK COURT ADRIAN MI 49221 382699477 501(C)(3) 800 CHARITABLE CONTRIBUTION AMERICAN RED CROSS 431 18TH STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 1000 CHARITABLE CONTRIBUTION MARCH OF DIMES 1275 MAMARONECK AVENUE WHITE PLAINS NY 10605 131846366 501(C)(3) 1000 CHARITABLE CONTRIBUTION YMCA OF LENAWEE COUNTY 638 W MAUMEE STREET ADRIAN MI 49221 381393859 501(C)(3) 2360 CHARITABLE CONTRIBUTION 8 0 PART I, LINE 2: THE CREDIT UNION CHOOSES DONATION RECIPIENTS BASED ON CERTAIN CRITERIA AND KEEPS SUPPORTING DOCUMENTS FOR THEIR DECISIONS. X X X X 0 1 0 RANDALL SMITH CEO 251843 0 0 0 516 0 31254 0 31465 0 315078 0 0 0 MICHAEL SERVOSS EVP-ADMINISTRATION 161145 0 7500 0 792 0 21600 0 19188 0 210225 0 0 0 ROY CADIEUX EVP-OPERATIONS 172038 0 7500 0 2292 0 21772 0 1312 0 204914 0 0 0 ROBERT SCHROCK SR VP LENDING 134821 0 5000 0 2016 0 17459 0 5079 0 164375 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS CONTRIBUTED TO A BANK-OWNED LIFE INSURANCE PLAN (BOLI) FOR THE CEO, RANDALL SMITH. THE CASH SURRENDER VALUE OF THIS PLAN AS OF DECEMBER 31, 2017 IS $1,077,124. 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 EXECUTIVE VICE PRESIDENT-ADMINISTRATION, 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 XI, LINE 9: CHANGE IN ACTUARIAL VALUE OF POST-RETIREMENT BENEFITS 6,636. 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.