Tlc Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381524325 ✦ Adrian, MI ✦ Designated as a 501(c)(14)

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Overview

What is Tlc Community Credit Union?

Tlc Community Credit Union is a Michigan-based financial institution that caters to 54,698 member-owners, offering various accounts including savings, share drafts, club, money market, business, individual retirement, and certificates of deposit. Their mission is deeply rooted in the philosophy of "people helping people," providing opportunities for financial security and well-being. With a team of 159 employees, they aim to be the primary provider of financial services to their members and their families.


Official website here: www.tlccu.org

Is Tlc Community Credit Union legitimate?

Tlc Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tlc Community Credit Union 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: $713,822
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,340,735

For more financial information, click here


Official website here: www.tlccu.org

What is the mission statement of Tlc Community Credit Union?

Tlc Community Credit Union is committed to the philosophy of people helping people. Their mission is to be the primary financial services provider for their member-owners and their families, offering them opportunities to achieve financial security and well-being. The credit union caters to 54,698 members, providing them with various account options including savings, checking, club, money market, business, individual retirement, and certificates of deposit, totaling 99,864. By prioritizing the financial needs of their members, Tlc Community Credit Union strives to build a strong, supportive community.


Official website here: www.tlccu.org

Who is the CEO of Tlc Community Credit Union?

Jeff Brehmer is the Chairperson of Tlc Community Credit Union. The CEO's salary of Tlc Community Credit Union is $384,640 and their total compensation is $455,206.


Official website here: www.tlccu.org

What is the revenue of Tlc Community Credit Union?

Tlc Community Credit Union's revenue in 2022 was $27,618,251.


Official website here: www.tlccu.org

Who are the executives of Tlc Community Credit Union and what are their salaries?

The average compensation at Tlc Community Credit Union during 2022 was $44,368. There are 159 employees and 11 volunteers at Tlc Community Credit Union.


Here are 13 key members and their salaries (Tlc Community Credit Union's CEO's salary is $384,640 and their total compensation is $455,206):


Mark Spohr (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Lane (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Bevier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Egli (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Murphy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Bruggeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Francis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Brehmer (Evp-Cfo)
  • Compensation: $208,611
  • Related: $0
  • Other: $50,005
Randall Smith (Ceo)
  • Compensation: $384,640
  • Related: $0
  • Other: $70,566
Michael Zarnecki (Svp-Operations)
  • Compensation: $112,926
  • Related: $0
  • Other: $25,392
Paul Corazzol (Svp It)
  • Compensation: $148,305
  • Related: $0
  • Other: $42,703
Lorie Easton (Svp Consumer Lending)
  • Compensation: $148,095
  • Related: $0
  • Other: $18,426
Alycia Nichols (Evp Operations & Lending)
  • Compensation: $145,597
  • Related: $0
  • Other: $42,008


Official website here: www.tlccu.org

Where can I find the form 990 for Tlc Community Credit Union?

Tlc Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tlccu.org

Learn more at the official website: www.tlccu.org

Mission Statement of Tlc Community Credit Union

Tlc Community Credit Union, with a mission to promote the philosophy of people helping people, strives to be the primary financial services provider for its member-owners and their families. By offering a range of accounts including savings, share drafts, club, money market, business, individual retirement, and certificates of deposit, the credit union aims to help its 54,698 members achieve financial security and well-being. Tlc Community Credit Union's dedication to its members is evident in its commitment to providing them with valuable financial services and opportunities. The organization's ultimate goal is to make a positive impact on the lives of its members by offering them a pathway to financial stability.

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Impact




October, 2024

Tlc Community Credit Union significantly impacts its members by providing essential financial services to a diverse membership base of 54,698 individuals in Adrian, MI. The credit union facilitates a range of savings and investment options, including share drafts, club accounts, money market accounts, business accounts, individual retirement accounts, and certificates of deposit. This expansive offering totals over $99,864, empowering members to manage their finances effectively.

By promoting the philosophy of "people helping people," Tlc Community Credit Union strives to be the foremost provider of financial services within the community, ensuring accessibility and support for financial security and well-being. Their focus on member-centric services fosters a sense of trust and collaboration, encouraging financial literacy and stability among families and businesses alike. Through these efforts, Tlc Community Credit Union contributes to the overall economic health and resilience of its community.




This information is meant to be a general summary of Tlc Community Credit Union. 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.

Revenue
$27,618,251 (2022)
Expenses
$19,570,980 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,847,334
  • Program Service Revenue: $21,767,103
  • Gross Receipts: $27,771,198

Assets and Liabilities:

  • Total Assets: $686,921,237
  • Total Liabilities: $624,812,253
  • Net Assets: $62,108,984

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST INCOME

Revenue

$12,760,786

FEE AND OTHER INCOME

Revenue

$8,932,588

FINANCE AND INSURANCE

Revenue

$73,729

Organization Details

Founding Year

1956

Principal Officer

Jeff Brehmer

Main Address

3030 S ADRIAN HWY, ADRIAN, MI, 49221

NTEE Category

Code: W60 - Public benefit

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