Tba Credit Union

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

EIN: 381602298 ✦ Traverse city, MI ✦ Designated as a 501(c)(14)

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Overview

What is Tba Credit Union?

Tba Credit Union, located at 630 East Front Street, Traverse City, Michigan, 49686, is a member-driven financial institution. With a community focus, they offer various deposit account options, such as savings, checking, certificates, and more, to their 17,449 members. Their mission is to serve the community and establish trusting relationships. The organization, which employs 85 individuals, takes pride in providing essential financial services.


Official website here: www.tbacu.com

What do the Facebook reviews say about Tba Credit Union?

90% of 31 reviewers on Facebook recommend TBA Credit Union. Here's a summary of their reviews:

Many customers express strong satisfaction with their experiences, noting the outstanding service and competitive rates. One long-term member emphasized their commitment to the credit union, stating they've never considered switching to another institution due to the reliable service they receive.

Overall, the sentiments reflect a high level of trust and appreciation for TBA Credit Union, indicating that it effectively meets the needs of its members while fostering strong loyalty among its clientele.


This AI summary has been generated from reviews found on Facebook.

Is Tba Credit Union legitimate?

Tba Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tba 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: $1,076,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,681,688

For more financial information, click here


Official website here: www.tbacu.com

What is the mission statement of Tba Credit Union?

Tba Credit Union is committed to serving the community and building trusted relationships. The mission of the credit union revolves around this dedication to its members. By offering various deposit account types, the credit union aims to cater to the financial needs of its members. At the end of 2022, the credit union had 17,449 members. This institution goes beyond just financial services, striving to build a strong bond with each member it serves.


Official website here: www.tbacu.com

Who is the CEO of Tba Credit Union?

Karen Browne is the Ceo of Tba Credit Union. The CEO's salary of Tba Credit Union is $428,956 and their total compensation is $464,247.


Official website here: www.tbacu.com

What is the revenue of Tba Credit Union?

Tba Credit Union's revenue in 2022 was $12,556,006.


Official website here: www.tbacu.com

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

The average compensation at Tba Credit Union during 2022 was $44,213. There are 85 employees and 7 volunteers at Tba Credit Union.


Here are 13 key members and their salaries (Tba Credit Union's CEO's salary is $428,956 and their total compensation is $464,247):


Karen Browne (Ceo)
  • Compensation: $428,956
  • Related: $0
  • Other: $35,291
Christopher Milliron (Clo)
  • Compensation: $177,022
  • Related: $0
  • Other: $29,005
Robin Wybenga (Former Cfo)
  • Compensation: $173,625
  • Related: $0
  • Other: $14,273
Christie Dompierre (Coo)
  • Compensation: $109,780
  • Related: $0
  • Other: $21,198
Meghan Chenoweth (Cso)
  • Compensation: $104,654
  • Related: $0
  • Other: $9,062
Stacyann Smith (Cfo)
  • Compensation: $51,665
  • Related: $0
  • Other: $7,450
Adam Bevier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Brady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Seman (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherinine Walker-Thelma (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Hamlyn (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Douglass (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tbacu.com

Where can I find the form 990 for Tba Credit Union?

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


Official website here: www.tbacu.com

Learn more at the official website: www.tbacu.com

Mission Statement of Tba Credit Union

Tba Credit Union, with its mission to serve the community and build trusted relationships, is a financial institution dedicated to making a positive impact on its members' lives. By offering various deposit account types such as savings, checking, certificates, and others, Tba Credit Union empowers its members to save and manage their finances effectively. With a membership base of 17,449 individuals at the end of 2022, the credit union is a trusted financial partner for numerous families and individuals. Through its mission, Tba Credit Union fosters strong bonds with its members and reinforces the values of community and financial security. The credit union's commitment to serving its community goes beyond simple financial transactions, as it strives to create an inclusive and supportive environment for all its members. Tba Credit Union's dedication to building trusted relationships sets it apart as a reliable and trustworthy financial institution.

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Impact




October, 2024

Tba Credit Union makes a significant impact on the community by providing financial services that foster economic well-being and encourage responsible financial management. By offering a variety of deposit account types, such as savings, checking, and certificates, the credit union meets the diverse needs of its 17,449 members as of December 31, 2022.

Located in Traverse City, MI, Tba Credit Union is dedicated to building trusted relationships within the community. This commitment not only enhances financial literacy but also strengthens community ties, empowering individuals and families to achieve their financial goals. The focus on serving the community ensures that Tba Credit Union plays a vital role in promoting public benefit and enhancing the overall quality of life for its members.




This information is meant to be a general summary of Tba 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
$12,556,006 (2022)
Expenses
$9,525,692 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,093,766
  • Program Service Revenue: $11,375,342
  • Gross Receipts: $12,556,096

Assets and Liabilities:

  • Total Assets: $344,647,354
  • Total Liabilities: $301,785,227
  • Net Assets: $42,862,127

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Programs

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

FEE AND OTHER CHARGES

Revenue

$2,928,505

LOAN INTEREST

Revenue

$8,407,011

NON-MEMBER ATM FEES

Revenue

$18,758

NON-MEMBER SHARED BRANCHI

Revenue

-$475

UNRELATED INSURANCE INCOM

Revenue

$21,543

Organization Details

Founding Year

1955

Principal Officer

Karen Browne

Main Address

630 EAST FRONT STREET, TRAVERSE CITY, MI, 49686

NTEE Category

Code: W60 - Public benefit

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