Civic Intelligence

Tlcu Financial

990 • Fiscal year 2021 • EIN 35-0932142

Jan 01, 2021 to Dec 31, 2021 • Filed on May 11, 2022

P O Box 804Mishawaka, IN 46546-0804

(574) 255-3193

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.87x

Higher debt load relative to assets than 24% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

48th percentile

22.15x

Higher debt load relative to revenue than 48% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2021

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$98,905

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2021

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

16%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$51,688,709

Up $6,217,309 (+14%) from 2020

Net Assets

Up

$6,976,653

Up $387,942 (+5.9%) from 2020

Liabilities

Up

$44,712,056

Up $5,829,367 (+15%) from 2020

Revenue

Up

$2,018,780

Up $282,939 (+16%) from 2020

Expenses

Up

$1,630,838

Up $150,002 (+10%) from 2020

Net Income

Up

$387,942

Up $132,937 (+52%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $33,094,544Liabilities 2010: $130,787Net Assets 2010: $32,963,7572010Assets 2011: $33,210,345Liabilities 2011: $28,229,668Net Assets 2011: $4,980,6772011Assets 2012: $34,641,208Liabilities 2012: $29,607,241Net Assets 2012: $5,033,9672012Assets 2013: $33,583,081Liabilities 2013: $28,493,144Net Assets 2013: $5,089,9372013Assets 2014: $33,675,618Liabilities 2014: $28,294,465Net Assets 2014: $5,381,1532014Assets 2015: $35,995,965Liabilities 2015: $30,558,518Net Assets 2015: $5,437,4472015Assets 2016: $35,392,848Liabilities 2016: $29,684,372Net Assets 2016: $5,708,4762016Assets 2017: $35,801,188Liabilities 2017: $30,414,175Net Assets 2017: $5,387,0132017Assets 2018: $36,502,041Liabilities 2018: $30,515,819Net Assets 2018: $5,986,2222018Assets 2019: $37,172,415Liabilities 2019: $30,838,710Net Assets 2019: $6,333,7052019Assets 2020: $45,471,400Liabilities 2020: $38,882,689Net Assets 2020: $6,588,7112020Assets 2021: $51,688,709Liabilities 2021: $44,712,056Net Assets 2021: $6,976,6532021Assets 2022: $53,743,752Liabilities 2022: $46,382,907Net Assets 2022: $7,360,8452022Assets 2023: $52,982,586Liabilities 2023: $45,124,857Net Assets 2023: $7,857,7292023Assets 2024: $53,103,297Liabilities 2024: $44,566,826Net Assets 2024: $8,536,4712024

Highlighted filing

2021

Assets$51,688,709
Liabilities$44,712,056
Net Assets$6,976,653

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2010: $1,922,9612010Expenses 2011: $1,608,9682011Expenses 2012: $1,508,3692012Revenue 2013: $1,500,738Expenses 2013: $1,322,802Net Income 2013: $177,9362013Revenue 2014: $1,416,413Expenses 2014: $1,278,068Net Income 2014: $138,3452014Revenue 2015: $1,399,282Expenses 2015: $1,240,831Net Income 2015: $158,4512015Revenue 2016: $1,386,993Expenses 2016: $1,262,435Net Income 2016: $124,5582016Revenue 2017: $1,395,498Expenses 2017: $1,248,960Net Income 2017: $146,5382017Revenue 2018: $1,609,302Expenses 2018: $1,339,500Net Income 2018: $269,8022018Revenue 2019: $1,769,863Expenses 2019: $1,422,382Net Income 2019: $347,4812019Revenue 2020: $1,735,841Expenses 2020: $1,480,836Net Income 2020: $255,0052020Revenue 2021: $2,018,780Expenses 2021: $1,630,838Net Income 2021: $387,9422021Revenue 2022: $1,985,113Expenses 2022: $1,600,921Net Income 2022: $384,1922022Revenue 2023: $2,457,342Expenses 2023: $1,940,962Net Income 2023: $516,3802023Revenue 2024: $2,900,629Expenses 2024: $2,221,887Net Income 2024: $678,7422024

Highlighted filing

2021

Revenue$2,018,780
Expenses$1,630,838
Net Income$387,942
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 11, 2022
Return Version
2021v4.1
Gross Receipts
$2,018,780
Mission and Program Overview

Mission

DEPOSIT/LENDING

Deposit/lending providing loans and savings to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$24,532,100$26,839,100▲ $2,307,000
Other Notes and Loans Receivable, Net$13,606,032$17,462,559▲ $3,856,527
Rtn Earn Endowment Incm Other Fnds$6,588,711$6,976,653▲ $387,942
Savings and Temporary Cash Investments$2,432,096$2,604,096▲ $172,000
Land, Buildings, and Equipment, Net$1,177,318$1,023,923▼ $153,395
Cash and Non-Interest-Bearing Accounts$820,154$865,067▲ $44,913
Receivables From Officers Etc$436,318$303,075▼ $133,243
Accounts Receivable$80,009$71,599▼ $8,410
Prepaid Expenses and Deferred Charges$69,648$67,087▼ $2,561
Total Assets$45,471,400$51,688,709▲ $6,217,309
Other Assets Total$2,317,725$2,452,203▲ $134,478
Liabilities
Other Liabilities$38,578,853$44,310,329▲ $5,731,476
Accounts Payable and Accrued Expenses$303,836$401,727▲ $97,891
Total Liabilities$38,882,689$44,712,056▲ $5,829,367
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,588,711$6,976,653▲ $387,942
Total Liabilities and Net Assets / Fund Balance$45,471,400$51,688,709▲ $6,217,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$898,511$564,222$1,462,733
Equipment$44,662$138,547$183,209
Land$80,750-$80,750
Investment Program Related Org$2,400,000--
Other Assets Org$330,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kendra FlecknerPresident/CEOFT$77,466$21,439$98,905
Nancy SherkVP LendingFT$61,708$7,207$68,915
Carol SmithVP AccoutingFT$62,032$3,294$65,326

Board Members and Trustees

NameTitle
Deric EggelstonChairman
Victor KaszniaVice Chairman
Constantine IantriaBoard Member
James LeeperBoard Member
Janet DonathTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$665,222
Investment Income
$431,994
Other Revenue
$921,564
Change in Net Assets
$387,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$908,818
Salaries, Compensation, and Employee Benefits$722,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$398,306$0$0$398,306
Office Expenses$242,091$0$0$242,091
Current Officers, Directors, Trustees, and Key Employees$233,146$0$0$233,146
Occupancy$110,592$0$0$110,592
Interest$71,294$0$0$71,294
Advertising$44,612$0$0$44,612
Payroll Taxes$41,308$0$0$41,308
Fees for Services Other$40,437$0$0$40,437
Other Employee Benefits$39,236$0$0$39,236
Information Technology$28,627$0$0$28,627
Travel$22,866$0$0$22,866
All Other Expenses$12,662$0$0$12,662
Pension Plan Contributions$10,024$0$0$10,024
Other Expenses$6,817$0$0$6,817
Fees for Service Investment Mgmnt Fees$4,019$0$0$4,019
Conferences and Meetings$729$0$0$729
Total Functional Expenses$1,630,838$0$0$1,630,838
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$436,318$303,075▼ $133,243
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$44,310,329
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 9

Deric eggleston 403 w 4th st mishawaka in 46544

Form 990, Part VI, Line 9

Victor kasznia 4012 harrison creek ct mishiwaka in 46544

Form 990, Part VI, Line 9

Janet donath 29424 follmer st. Niles mi 49120

Form 990, Part VI, Line 9

James leeper 192 oakmont dr bremen in 46506

Form 990, Part VI, Line 9

Constantine iantria 5202 greenleaf ln south bend in 46619

Filing and Contact Details

Filer

Filer Name
Tlcu Financial
EIN
35-0932142
Phone
5742553193
Address
P O BOX 804, MISHAWAKA, IN 46546-0804

Signing Officer

Name
Carol Smith
Title
V.p. of Accounting
Phone
5742553193
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Smith
Formed
1997
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
18
Volunteers
8

Preparer

Firm
Homer Wilson & Co Ltd
Address
900 RIDGE ROAD SUITE S, MUNSTER, IN 46321-1727
Preparer
Ray Suoranta
Phone
2198364930
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Members of the credit union are considered shareholders

Pt VI, Line 7A

Members of the credit union elect the board of directors at their annual meeting

Pt VI, Line 11B

The 990 is reviewed at the april board meeting, prior to filing

Pt VI, Line 12C

Employees and directors sign bank bribery policy annually, which includes conflict of interest policy

Pt VI, Line 15A

The ceo/president compensation is reviewed and set by the board of directors

Pt VI, Line 15B

Compensation of other employees is reviewed and set by the ceo

Pt VI, Line 19

The financial statements are posted in the branch office, on their website, and available upon request

Pt XI

ROUNDING.

Raw XML AppendixShowing 400 of 622 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/Desc0FEES & CHARGES
IRS990/OtherRevenueMiscGrp/Desc1MISC OPERATING
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IRS990/PYTotalRevenueAmt01735841
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0436318
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0303075
IRS990/ReconcilationRevenueExpnssAmt0387942
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06588711
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06976653
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt02604096
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0898511
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0564222
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01462733
IRS990ScheduleD/EquipmentGrp/BookValueAmt044662
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0138547
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0183209
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt024439000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1100
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt22400000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CUCI CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ALLOYA CERTIFICATES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt035510
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31634238
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4383854
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5-36399
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6330000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PSCU INVESTMENT/FUNDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PSCU PREFUNDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PSCU PREFUNDING VISA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3COLI CUNA MUTUAL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NCUSIF CAPITALIZATION FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6CU ANSWERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044310329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02452203
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11873
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt215143
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt310014
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt54132
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt636997
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt71477
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt818625
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt921215
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt102086
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt113387
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt124280
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt131003
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt142217
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt15168472
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt163539
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt175965
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt181046
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd13true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd17true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd18true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd9false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd11false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd12false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd13false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd14false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd15false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd16false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd17false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd18false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$53.1$44.6$8.54$2.90$2.22$0.68
2023Detailed filing. Detailed filing data is available for this year.$53.0$45.1$7.86$2.46$1.94$0.52
2022Detailed filing. Detailed filing data is available for this year.$53.7$46.4$7.36$1.99$1.60$0.38
2021Detailed filing. Detailed filing data is available for this year.$51.7$44.7$6.98$2.02$1.63$0.39
2020Detailed filing. Detailed filing data is available for this year.$45.5$38.9$6.59$1.74$1.48$0.26
2019Detailed filing. Detailed filing data is available for this year.$37.2$30.8$6.33$1.77$1.42$0.35
2018Detailed filing. Detailed filing data is available for this year.$36.5$30.5$5.99$1.61$1.34$0.27
2017Detailed filing. Detailed filing data is available for this year.$35.8$30.4$5.39$1.40$1.25$0.15
2016Detailed filing. Detailed filing data is available for this year.$35.4$29.7$5.71$1.39$1.26$0.12
2015Detailed filing. Detailed filing data is available for this year.$36.0$30.6$5.44$1.40$1.24$0.16
2014Detailed filing. Detailed filing data is available for this year.$33.7$28.3$5.38$1.42$1.28$0.14
2013Detailed filing. Detailed filing data is available for this year.$33.6$28.5$5.09$1.50$1.32$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$29.6$5.03$1.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$28.2$4.98$1.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.1$0.13$33.0$1.92