Dec, 31, 2023 — TLC COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ADRIAN, MI with 7 branch locations and about $715.76 million in total assets. Opened 68 years ago in 1956, TLC COMMUNITY CREDIT UNION has about 55,192 members and employs 124 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TLC COMMUNITY CREDIT UNION |
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Address: (Main Office) | 3030 S Adrian Hwy ADRIAN, MI 49221 |
Phone: | (517) 263-9120 |
Fax: | (517) 263-7145 |
Website: | https://www.tlccu.org |
Branches: | 7 branch locations |
Members: | 55,192 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60509 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $715,763,418 |
CEO/Manager: | Jeffery E Brehmer |
Chairperson: | Mark Spohr |
ASSETS: | $ Amount |
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Cash & Equivalents | 39,137,098 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 195,840,495 |
Unsecured Loans | 23,979,974 |
Other Loans | 134,688,506 |
TOTAL LOANS | 354,662,187 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,069,535 |
Land And Building | 7,322,617 |
Other Fixed Assets | 2,752,297 |
NCUSIF Deposit | 5,987,487 |
All Other Assets | 0 |
TOTAL ASSETS | 715,763,418 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 116,826 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,209,101 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 80,382,878 |
Regular shares | 337,560,522 |
All Other Shares & Deposits | 217,881,029 |
TOTAL SHARES & DEPOSITS | 635,824,429 |
TOTAL LIABILITIES | 641,150,356 |
Regular Reserve | 0 |
Other Reserves | -37,666,530 |
Undivided Earnings | 112,279,592 |
TOTAL EQUITY | 74,613,062 |
TOTAL LIABILITIES, SHARES, & EQUITY | 715,763,418 |
INCOME & EXPENSE | |
Loan Income | 15,796,678 |
Investment Income | 9,057,042 |
Other Income | 4,014,567 |
Total Employee Compensation & Benefits | 9,717,832 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,335,021 |
Non-operating Income & (Expense) | -2,363,399 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 346,158 |
Cost of Funds | 5,334,682 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,778,693 |
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