2018-10-22T21:46:28-05:00 2017-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 381602298 TBA CREDIT UNION TBAC 2319467090 630 EAST FRONT STREET TRAVERSE CITY MI 49686 KAREN E BROWNE PRESIDENT/CEO 2319467090 2018-10-19 1 ROBERT PARKS CPA P00740435 2482443000 64.95.240.2 2018-10-19 08:49:49 ED P 5C10503600C6A44598C4573B9F16AA1A88D12859 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2017 2018-06-14 16:35:46Z KAREN E BROWNE 630 EAST FRONT STREET TRAVERSE CITY MI 49686 9220012 0 X WWW.TBACU.COM X CREDIT UNION 1955 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 69 7 37653 -121980 0 0 8116897 8717800 357439 452532 13869 1316 8488205 9171648 0 0 0 0 2693833 2868530 0 0 0 3954321 4649205 6648154 7517735 1840051 1653913 191325200 205341026 163379320 175753465 27945880 29587561 X TO SERVE THE COMMUNITY AND BUILD TRUSTED RELATIONSHIPS. 1 1 PROVIDE 17,035 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATE OF DEPOSITS, AND IRA ACCOUNTS TOTALING 32,802. PROVIDE 12,474 LOANS INCLUDING VEHICLE, OVERDRAFT PROTECTION, MORTGAGE, HOME EQUITY, SIGNATURE, CREDIT CARD, AND RECREATIONAL VEHICLE LOANS. 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. 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3342 0 1 69 1 1 1 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 1 0 1 0 1 1 0 X TBA CREDIT UNION 2319467090 630 E FRONT STREET TRAVERSE CITY MI 496851049 ADAM BEVIER CHAIRPERSON 1.00 X 0 0 0 DAN BRADY VICE CHAIRPERSON 1.00 X 0 0 0 DAVID SEMAN SECRETARY 1.00 X 0 0 0 ROBERT WITKOP TREASURER 1.00 X 0 0 0 ERIC DREIER DIRECTOR 1.00 X 0 0 0 KATHERINE WALKER-TELMA DIRECTOR 1.00 X 0 0 0 KATHLEEN MAISONVILLE-DOUGLASS DIRECTOR 1.00 X 0 0 0 KAREN E BROWNE PRESIDENT/CEO 40.00 X 189894 0 34634 ROBIN WYBENGA CFO 40.00 X 87358 0 18475 277252 0 53109 1 0 1 0 CUANSWERS 6000 28TH STREET SE SUITE 100 GRAND RAPIDS MI 495466927 DATA PROCESSING SERVICES 433493 BLUE CARE NETWORK PO BOX 33608 DETROIT MI 482325608 HEALTH CARE BENEFITS 313838 FIS 11601 ROOSEVELT BOULEVARD ST PETERSBURG FL 33716 DEBIT/CREDIT CARD PROCESSING 292692 CITY OF TRAVERSE CITY 400 BOARDMAN AVENUE TRAVERSE CITY MI 496850592 PROPERTY TAXES 121553 4 LOAN INTEREST 522100 6725551 6725551 FEE INCOME 522100 1954596 1954596 UNRELATED INSURANCE IN 524298 20071 20071 NON-MEMBER ATM FEES 900099 10469 10469 NON-MEMBER SHARED BRAN 522100 4395 4395 2718 2718 8717800 451472 451472 49680 48364 1316 1316 1316 1060 0 1060 1060 1060 9171648 9133995 37653 0 330361 2005821 78671 268640 185037 3120 17608 86934 203368 704726 254792 282830 26140 37533 467353 280790 63825 LOAN SERVICING 1077385 PROVISION FOR LOAN LOSS 1008808 MISCELLANEOUS EXPENSE 53202 EXAMINATION FEES 45120 35671 7517735 1293557 1342258 21968 42094 585647 533556 148773044 153227524 991575 188606 9897148 1651502 8519524 8245646 17774420 22261204 8505730 14408821 4859735 5091317 191325200 205341026 3435896 2447439 1411152 159943424 171894874 163379320 175753465 X 0 0 0 0 27945880 29587561 27945880 29587561 191325200 205341026 X 1653913 -12232 X X 0 1 X 1 0 3160238 3160238 5399891 799176 4600715 1337019 852326 484693 8245646 CERTIFICATES OF DEPOSIT 17861000 C FHLB CAPITAL STOCK 368800 C CO-OP NETWORK STOCK 100 C XTEND STOCK 5000 C CU*ANSWERS INVESTMENTS 60000 C OTHER INVESTMENTS 3882354 C CUSG SHARES 83950 C 22261204 CORPORATE CREDIT UNIONS 14408821 C 14408821 MEMBER SHARES AND DEPOSITS 171894874 171894874 X 9220012 0 9220012 -48364 -48364 9171648 7566099 48364 48364 7517735 0 7517735 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 REPORTED WITHIN EXPENSES IN AUDITED FINANCIAL STATEMENTS, BUT REPORTED IN STATEMENT OF REVENUE IN FORM 990 -48,364. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED WITHIN EXPENSES IN AUDITED FINANCIAL STATEMENTS, BUT REPORTED IN STATEMENT OF REVENUE IN FORM 990 48,364. X X X 0 0 0 KAREN E BROWNE PRESIDENT/CEO 164894 0 25000 0 0 0 12713 0 21921 0 224528 0 0 0 FORM 990, PART III, LINE 2 THE CREDIT UNION BEGAN OFFERING SECURLOCK EQUIP CARD MOBILE APP, DIGITAL WALLET FOR APPLE, GOOGLE PAY, SAMSUNG PAY, SAME DAY ACH ORIGINATING/RECEIVING AND ONLINE MEMBERSHIP ACCOUNT OPENING FOR ALL ELIGIBLE MEMBERS. FORM 990, PART III, LINE 3 THE CREDIT UNION MOVED ATM PIN PROCESSING AND ATM SERVICES TO FIS. FORM 990, PART VI, SECTION A, LINE 4 THE CREDIT UNION WAS APPROVED A FIELD OF MEMBERSHIP EXPANSION TO INCLUDE ANYONE WHO LIVES, WORKS, OR WORSHIPS IN THE STATE OF MICHIGAN. 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 THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE BY-LAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED AT A BOARD OF DIRECTORS MEETING PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTOR'S COMPENSATION COMMITTEE COMPLETES A PERFORMANCE APPRAISAL OF THE PRESIDENT/CEO, ANNUALLY. SALARY INCREASES ARE BASED ON PERFORMANCE OF PRE-DETERMINED GOALS AND COMPANY FINANCIAL TARGETS. THE PRESIDENT/CEO PERFORMS ANNUAL EVALUATIONS OF THE CHIEF FINANCIAL OFFICER AND THE CHIEF LENDING OFFICER. SALARY INCREASES ARE BASED ON OVERALL PERFORMANCE. BOTH REVIEW PROCESSES WERE COMPLETED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9: MEMBERSHIP FEES 16,310. OTHER COMPREHENSIVE INCOME -28,542. 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.