Dec, 31, 2023 — TBA CREDIT UNION is a federally insured state chartered credit union headquartered in TRAVERSE CITY, MI with 2 branch locations and about $346.55 million in total assets. Opened 69 years ago in 1955, TBA CREDIT UNION has about 19,137 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TBA CREDIT UNION |
|---|---|
| Address: (Main Office) | 630 E Front St TRAVERSE CITY, MI 49686-2618 |
| Phone: | (231) 946-7090 |
| Fax: | (231) 932-5050 |
| Website: | https://www.tbacu.com |
| Branches: | 2 branch locations |
| Members: | 19,137 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61795 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $346,552,080 |
| CEO/Manager: | Karen E Browne |
| Chairperson: | David J Seman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,904,986 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 405,485 |
| Real Estate Loans | 91,067,216 |
| Unsecured Loans | 8,288,110 |
| Other Loans | 130,720,701 |
| TOTAL LOANS | 230,076,027 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,625,280 |
| Land And Building | 9,025,417 |
| Other Fixed Assets | 626,891 |
| NCUSIF Deposit | 2,845,583 |
| All Other Assets | 0 |
| TOTAL ASSETS | 346,552,080 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 345,531 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,522,816 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,382,043 |
| Regular shares | 111,971,667 |
| All Other Shares & Deposits | 123,462,642 |
| TOTAL SHARES & DEPOSITS | 297,816,352 |
| TOTAL LIABILITIES | 299,684,699 |
| Regular Reserve | 0 |
| Other Reserves | 1,446,599 |
| Undivided Earnings | 45,420,782 |
| TOTAL EQUITY | 46,867,381 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 346,552,080 |
| INCOME & EXPENSE | |
| Loan Income | 11,596,651 |
| Investment Income | 1,543,105 |
| Other Income | 1,364,225 |
| Total Employee Compensation & Benefits | 5,594,853 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,056,726 |
| Non-operating Income & (Expense) | 51,766 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 244,306 |
| Cost of Funds | 2,682,907 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,268,221 |
| ↑ Back to Top | |