2016-06-20T09:00:28-05:00 2015-12-31 381357951 PLANTE & MORAN PLLC 511 Renaissance Dr Ste 120 St Joseph MI 49085 990 2015-01-01 350885375 TECH CREDIT UNION TECH 2196635120 10951 broadway crown point IN 463071727 MICHAEL M HUSSEY President & CEO 2196635120 2016-06-14 1 Kenley Penner CPA P00740260 2699828000 2015 2016-09-27 15:27:22Z Michael M Hussey 10951 broadway crown point IN 463071727 14145168 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 9 129 0 0 0 0 0 8046348 12795508 1058414 1126282 4357645 37154 13462407 13958944 0 0 0 0 5786167 5898737 0 0 0 7912394 6999779 13698561 12898516 -236154 1060428 321489659 330848432 295647230 304060142 25842429 26788290 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 37,834 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 4309 0 1 129 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 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 JAMES MACK TREASURER 4.00 X X 1650 0 0 WALTER GARBARCZYK DIRECTOR 4.00 X 1500 0 0 JOE MACHARA 1ST VICE-CHAIRPERSON 4.00 X 1800 0 0 JOHN LEWERS DIRECTOR 4.00 X 1500 0 0 RICHARD YOUNG CHAIRPERSON 4.00 X X 1500 0 0 EDWARD PETYO SECRETARY 4.00 X X 1800 0 0 CHRISTINE ATHERTON DIRECTOR 4.00 X 1650 0 0 LISA BECK DIRECTOR 4.00 X 1500 0 0 PATRICIA CORDRAY 2ND VICE-CHAIRPERSON 4.00 X 1800 0 0 MICHAEL HUSSEY PRESIDENT / CEO 40.00 X 243271 0 39160 RICHARD LUNDSTROM EXECUTIVE VICE PRESIDENT 40.00 X 151069 0 31776 MICHAEL CASEY COMPTROLLER 40.00 X 136887 0 31267 MARY JO DUNCAN VICE PRESIDENT OF LENDING 40.00 X 109123 0 18000 RICHARD SIMAGA DIR. OF COMMERCIAL LENDING 40.00 X 105405 0 27328 Larry Schaffer Vice President of Marketing 40.00 X 101744 0 17201 862199 0 164732 6 0 1 0 FISERV 255 fiserv dr brookfield WI 53045 Information technologies 999928 digital insight 1300 seaport blvd redwood city CA 94063 digital banking solutions 476388 AT&T 208 s akard st dallas TX 75202 communications 245200 chester inc 555 eastport centre dr valparaiso IN 46383 information technologies 117390 comcast corporation 1701 jfk blvd philadelphia PA 19103 communications 116907 6 Loan Interest 522100 8499267 8499267 FEES AND CHARGES 522100 4296241 4296241 12795508 980471 980471 37154 0 37154 37154 37154 332035 186224 145811 145811 145811 13958944 12978473 0 980471 648130 3867249 319245 728643 335470 37242 37716 93741 390455 570558 431457 678491 1088941 604142 Operations 2256925 Provision for Loan Loss 261368 Service Center Fees 240853 Loan Servicing Expense 237031 70859 12898516 2642665 6029694 28003379 183464304 210303999 1442547 643650 17627400 8046686 10235641 9580714 119638168 63867517 4066334 12419479 321489659 330848432 1969475 2405621 293677755 301654521 295647230 304060142 X 0 0 0 0 25842429 26788290 25842429 26788290 321489659 330848432 X 1060428 -104434 -10133 X X 0 1 X 1 0 2519654 2519654 10039275 3909753 6129522 5068471 4136933 931538 9580714 Certificates of deposit 40686000 C Investment in Subsidiary 1359073 C NCUA Guarenteed Notes 13956153 F Mortgage backed securities 7866291 F 63867517 Members' shares and savings 301654521 301654521 X X X 0 0 0 MICHAEL HUSSEY PRESIDENT / CEO 232062 0 7436 0 3773 0 22406 0 16754 0 282431 0 0 0 RICHARD LUNDSTROM EXECUTIVE VICE PRESIDENT 148504 0 2565 0 0 0 14989 0 16787 0 182845 0 0 0 MICHAEL CASEY COMPTROLLER 133588 0 3299 0 0 0 13534 0 17733 0 168154 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 ACCOUNTS AT THE CREDIT UNION. 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 11 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. 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 -10,133. 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 688918 1643752 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 CREDIT UNION MORTGAGE SERVICES LLC J 62663 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC L 83935 ACTUAL EXPENSE CREDIT UNION MORTGAGE SERVICES LLC Q 646257 ACTUAL EXPENSE