Overview
What is Tlcu Financial?
Tlcu Financial is a nonprofit organization, specifically a deposit and lending institution, situated in Mishawaka, Indiana. With a postal address at PO Box 804, they serve their members by providing financial assistance through loans and savings. As per the information provided, they have managed to support 2,094 loan accounts totaling $20,196,203 and 8,221 savings accounts amounting to $46,027,082. The organization operates with a team of 19 dedicated individuals.
Official website here: www.tlcufinancial.org
Is Tlcu Financial legitimate?
Tlcu Financial is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tlcu Financial submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $139,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $474,840
For more financial information, click here
Official website here: www.tlcufinancial.org
What is the mission statement of Tlcu Financial?
Tlcu Financial is dedicated to serving its members by offering deposit and lending services. Its primary mission is to provide loans and savings options to its members. As of the provided data, Tlcu Financial has managed 2,094 loan accounts totaling $20,196,203 and 8,221 savings accounts with a combined value of $46,027,082. This financial institution aims to support its members' financial needs through its lending and savings services.
Official website here: www.tlcufinancial.org
Who is the CEO of Tlcu Financial?
Carol Smith is the Chairman of Tlcu Financial. The CEO's salary of Tlcu Financial is $80,961 and their total compensation is $99,242.
Official website here: www.tlcufinancial.org
What is the revenue of Tlcu Financial?
Tlcu Financial's revenue in 2022 was $1,985,113.
Official website here: www.tlcufinancial.org
Who are the executives of Tlcu Financial and what are their salaries?
The average compensation at Tlcu Financial during 2022 was $32,337. There are 19 employees and 8 volunteers at Tlcu Financial.
Here are 7 key members and their salaries (Tlcu Financial's CEO's salary is $80,961 and their total compensation is $99,242):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $37,937
- Related: $0
- Other: $2,379
- Compensation: $80,961
- Related: $0
- Other: $18,281
Official website here: www.tlcufinancial.org
Where can I find the form 990 for Tlcu Financial?
Tlcu Financial's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tlcufinancial.org
Learn more at the official website: www.tlcufinancial.org
Mission Statement of Tlcu Financial
Tlcu Financial, as depicted in the provided information, is an organization primarily focused on deposit and lending activities. Their mission, in simple terms, is to offer loans and savings services to their members. By providing loans, Tlcu Financial empowers its members to meet their financial needs, while the savings aspect allows them to accumulate funds for future use. According to the data, Tlcu Financial has successfully facilitated 2,094 loan accounts totaling $20,196,203, and managed 8,221 savings accounts amounting to $46,027,082. This indicates that the organization is effectively meeting the financial needs of its members, providing them with both borrowing and savings options.
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Impact
October, 2024
Tlcu Financial has made a significant impact in the Mishawaka community by providing essential financial services that support its members in achieving their economic goals. With a focus on deposit and lending activities, Tlcu Financial has facilitated access to crucial financial resources, offering a total of 2,094 accounts that have received loans amounting to $20,196,203. This support enables individuals and families to address various financial needs, from home purchases to education expenses and personal investments.
In addition to loans, Tlcu Financial has also promoted savings among its members, with 8,221 accounts holding a total of $46,027,082. This emphasis on savings fosters financial stability and encourages prudent financial management within the community.
Overall, Tlcu Financial's operations contribute significantly to the local economy by promoting financial inclusion, providing members with the means to invest in their futures, and enhancing the overall economic well-being of Mishawaka residents.
This information is meant to be a general summary of Tlcu Financial. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $426,659
- Program Service Revenue: $772,175
- Gross Receipts: $1,985,113
Assets and Liabilities:
- Total Assets: $53,743,752
- Total Liabilities: $46,382,907
- Net Assets: $7,360,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$772,175
Organization Details
Founding Year
1997
Phone
(574) 255-3193Principal Officer
Carol Smith
Main Address
P O BOX 804, MISHAWAKA, IN, 465460804
Website
www.tlcufinancial.orgNTEE Category
Code: W60 - Public benefit
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