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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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» See also Statement of Financial Condition