Dec, 31, 2023 — TLCU FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MISHAWAKA, IN with 2 branch locations and about $52.99 million in total assets. Opened 71 years ago in 1953, TLCU FINANCIAL CREDIT UNION has about 3,973 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TLCU FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1816 N Main St MISHAWAKA, IN 46545-5616 |
| Phone: | (574) 255-3193 |
| Fax: | (574) 258-7622 |
| Website: | https://tlcufinancial.org |
| Branches: | 2 branch locations |
| Members: | 3,973 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68286 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,987,827 |
| CEO/Manager: | Kendra Fleckner |
| Chairperson: | Deric Eggleston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,856,750 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,254,573 |
| Unsecured Loans | 1,898,944 |
| Other Loans | 13,853,214 |
| TOTAL LOANS | 20,006,730 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,639 |
| Land And Building | 903,689 |
| Other Fixed Assets | 34,539 |
| NCUSIF Deposit | 450,548 |
| All Other Assets | 0 |
| TOTAL ASSETS | 52,987,827 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 281,178 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,277,465 |
| Regular shares | 32,055,616 |
| All Other Shares & Deposits | 4,515,839 |
| TOTAL SHARES & DEPOSITS | 44,848,920 |
| TOTAL LIABILITIES | 45,130,098 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,857,729 |
| TOTAL EQUITY | 7,857,729 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,987,827 |
| INCOME & EXPENSE | |
| Loan Income | 946,357 |
| Investment Income | 741,529 |
| Other Income | 318,844 |
| Total Employee Compensation & Benefits | 805,345 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 888,567 |
| Non-operating Income & (Expense) | 10,617 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 247,051 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 516,379 |
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