EVERWISE CREDIT UNION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- EVERWISE CREDIT UNION (EIN 35-0702986)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-13
- IRS object ID
- 201323189349302067
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T16:26:39-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 440160260 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 N Illinois Street | AddressLine1 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350702986 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Teachers Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TEAC | NameControl |
| Phone | 5742328012 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 South Main Street | AddressLine1 |
| City | South Bend | City |
| State | IN | State |
| ZIP Code | 46601 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Paul Marsh | Name |
| Title | Chief Executive Officer | Title |
| Phone | 8003333828 | Phone |
| Date Signed | 2013-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Doug Born | Name |
| PTIN | P00137263 | PTIN |
| Phone | 3173833760 | Phone |
| Date Prepared | 2013-11-13 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Paul Marsh | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 South Main St | AddressLine1 |
| City | South Bend | City |
| State | IN | State |
| ZIP Code | 46601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 120605409 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.tcunet.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1931 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | State Chartered Credit Union | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 853 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 6031801 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -45002 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 121905097 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 115223657 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1882698 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3687218 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 691492 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1105980 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 124479287 | TotalRevenuePriorYear |
| Total Revenue Current Year | 120016855 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 41391573 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 44828264 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 71947480 | OtherExpensePriorYear |
| Other Expenses Current Year | 63926411 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 113339053 | TotalExpensesPriorYear |
| Total Expenses Current Year | 108754675 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 11140234 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 11262180 | RevenuesLessExpensesCY |
| Total Assets BOY | 2159963450 | TotalAssetsBOY |
| Total Assets EOY | 2349535058 | TotalAssetsEOY |
| Total Liabilities BOY | 1983708648 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2157825338 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 176254802 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 191709720 | NetAssetsOrFundBalancesEOY |
| Mission Description | State Chartered Credit Union | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 0 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | Revenue |
| Description | In 2012, Teachers Credit Union continued to provide a superior member experience by offering competitive deposit rates and making sensible loans to membership. Despite a slow economic recovery, two additional locations were added by merger allowing members a greater choice in products and services. ATM upgrades in 2012 offer membership easier access to their accounts and additional flexibility in their financial needs. Teachers Credit Union continues to increase products and services for the benefits of its members. | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 0 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 86206 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 853 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Paul Marsh | NamePerson |
| Telephone Number | 5742328012 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 S Main Street | AddressLine1 |
| City | South Bend | City |
| State | IN | State |
| ZIP Code | 466011805 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Vince Henderson | ||||||||
| Board Member | 5 | X | 27381 | 0 | 0 | |||
| Shirley Golichowski | ||||||||
| Board Member | 5 | X | 26050 | 0 | 0 | |||
| Thea Kelly | ||||||||
| Board Member | 5 | X | 24250 | 0 | 0 | |||
| William Hojnacki | ||||||||
| Vice-Chairman | 5 | X | 30034 | 0 | 0 | |||
| Roger Thornton | ||||||||
| Secretary | 5 | X | 25150 | 0 | 0 | |||
| John Myers | ||||||||
| Board Member | 5 | X | 28302 | 0 | 0 | |||
| Alfred Bias | ||||||||
| Board Member | 5 | X | 67004 | 0 | 0 | |||
| David Sage | ||||||||
| Chairman | 5.00 | X | 35912 | 0 | 0 | |||
| Jim Dubois | ||||||||
| Board Member | 5 | X | 21517 | 0 | 0 | |||
| Diane Maas | ||||||||
| Board Member | 5 | X | 8869 | 0 | 0 | |||
| Karol Griffin | ||||||||
| Sr VP Branch Operations | 45 | 218006 | 0 | 32207 | X | |||
| David Dodge | ||||||||
| Chief Lending Officer | 45 | 287677 | 0 | 54771 | X | |||
| Valerie Miller | ||||||||
| VP General Counsel | 45 | 286798 | 0 | 54084 | X | |||
| Amy Sink | ||||||||
| Sr. VP and CFO | 45 | 299717 | 0 | 36027 | X | |||
| Paul Marsh | ||||||||
| CEO | 45 | 542784 | 0 | 44783 | X | |||
| Greg Danner | ||||||||
| Sr. VP Affiliated Business | 45 | 226225 | 0 | 36032 | X | |||
| Waylon Peterson | ||||||||
| Sr VP Investments - Trust | 45 | 266664 | 0 | 28114 | X | |||
| Jeneen Crane | ||||||||
| Assistant Vice President TCU Investment Services | 45 | 201318 | 0 | 15346 | X | |||
| Randall Tarter | ||||||||
| Financial Planner | 45 | 167659 | 0 | 12216 | X | |||
| Panayotis Xouris | ||||||||
| Agent TCU Insurance | 45 | 191456 | 0 | 46848 | X | |||
| Jim Unrue | ||||||||
| President TCU Insurance Agency | 45 | 174755 | 0 | 9462 | X | |||
| Daniel Woodhouse | ||||||||
| Financial Planner | 45 | 206557 | 0 | 18380 | X | |||
| Jay Miller | ||||||||
| Director of Facilities | 45 | 149591 | 0 | 36705 | X | |||
| William Schlundt | ||||||||
| Board Member | 0 | 90000 | 0 | 0 | X | |||
| Jeanette Moeller | ||||||||
| Board Member | 0 | 45000 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3648676 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 424975 | TotalOtherCompensation |
| Number Individuals GT100 K | 30 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Fiserv Output Solutions | |||||
| 75 Remittance Drive Suite 90 | Chicago | IL | 60675 | Statement Processing | 1026126 |
| Intuit Financial Services | |||||
| PO Box 515306 | Los Angeles | CA | 90051 | Internet Banking | 1386689 |
| Diebold Supply | |||||
| 5995 Mayfair Rd | North Canton | OH | 44720 | ATM Equipment | 916192 |
| Verizon | |||||
| 500 Technology Drive Suite 870 | Weldon Springs | MO | 63304 | Phone and Data Line Carrier | 880869 |
| CDW Direct LLC | |||||
| 300 N Milwaukee Ave | Vernon Hills | IL | 60061 | Information Technology Equipment | 2349829 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 68 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Loan Interest Income | 522130 | 79882908 | 79882908 | 0 | $0 |
| Fee Income | 522110 | 15949014 | 14854297 | 1094717 | $0 |
| Other Operating Income | 525990 | 19391735 | 15024968 | 4366767 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 115223657 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4346815 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4346815 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1082454 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 588554 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 493900 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 493900 | TotalRevenueColumn |
| Related Or Exempt Function Income | 535663 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -41763 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -51144 | Securities |
| Other | -608453 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -51144 | Securities |
| Other | -608453 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -659597 | TotalRevenueColumn |
| Related Or Exempt Function Income | -659597 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Management Fees | 541200 | 22200 | 0 | 22200 | $0 |
| Shared Branching | 561439 | 589880 | 0 | 589880 | $0 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 612080 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 120016855 | TotalRevenueColumn |
| Related Or Exempt Function Income | 113985054 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 6031801 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3874078 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27348125 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3154854 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8020642 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2430565 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 327379 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 310480 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5280 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1376334 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3915140 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3520345 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5205583 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4363621 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 254655 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 929824 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19552578 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 194655 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5545318 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 650834 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Provision for Loan Losses | 4639425 |
| Equipment Expenses | 37819 |
| CU Service Department/Loan Servicing | 11954366 |
| Other Expenses | 1142775 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108754675 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34911824 | BOY |
| EOY | 40123872 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 242842456 | BOY |
| EOY | 182800174 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5418136 | BOY |
| EOY | 5815167 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3028622 | BOY |
| EOY | 890204 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1634466551 | BOY |
| EOY | 1766686084 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 185337 | BOY |
| EOY | 202960 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16734533 | BOY |
| EOY | 23125153 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 103951218 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 47866097 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54779005 | BOY |
| EOY | 56085121 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107612716 | BOY |
| EOY | 213687167 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32086378 | BOY |
| EOY | 33538125 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6995301 | BOY |
| EOY | 6644732 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20902591 | BOY |
| EOY | 19936299 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2159963450 | BOY |
| EOY | 2349535058 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9121190 | BOY |
| EOY | 8802955 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 139450110 | BOY |
| EOY | 126817579 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1835137348 | BOY |
| EOY | 2022204804 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1983708648 | BOY |
| EOY | 2157825338 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176254802 | BOY |
| EOY | 191709720 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176254802 | BOY |
| EOY | 191709720 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2159963450 | BOY |
| EOY | 2349535058 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 11262180 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 744384 | ReconciliationUnrealizedInvest |
| Reconcilation Donated Services | 0 | ReconcilationDonatedServices |
| Reconcilation Invest Expenses | 0 | ReconcilationInvestExpenses |
| Reconcilation Prior Adjustment | 0 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 3448354 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Both | X | FinancialStatementBoth |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 10422828 | OtherCostOrOtherBasis |
| Book Value | 10422828 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 45516770 | OtherCostOrOtherBasis |
| Depreciation | 15042101 | Depreciation |
| Book Value | 30474669 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 2636506 | OtherCostOrOtherBasis |
| Depreciation | 2106051 | Depreciation |
| Book Value | 530455 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 45375114 | OtherCostOrOtherBasis |
| Depreciation | 30717945 | Depreciation |
| Book Value | 14657169 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 56085121 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Cashier Checks Outstanding | $6,418,535 |
| Other Liabilities | $4,301,674 |
| Member Shares | $2,011,484,595 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2022204804 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 120637558 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 760312 | OtherRevenues |
| Revenue Not Rptd F990 | 760312 | RevenueNotRptdF990 |
| Revenue Subtotal | 119877246 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 139609 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 139609 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 120016855 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 109375378 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 760312 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 760312 | ExpensesNotRptdF990 |
| Expenses Subtotal | 108615066 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 139609 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 139609 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 108754675 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P10_S00_L02 | Schedule D, Part X, Line 2 | Management has evaluated their income tax positions under guidance included in ASC740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. |
| SchD_P11_S00_L02d | Schedule D, Part XI, Line 2d | The amortization of merger deposits are classified as an expense recovery ($171,758), while the audited financial statements include the line item as income. Rental expenses are moved to reduce income by ($588,554) in the net rental income classification. |
| SchD_P11_S00_L04b | Schedule D, Part XI, Line 4b | CUSO administration fees, which includes TCU Insurance Agency, and rental expenses for CUSO buildings is included in expenses on form 990, but are moved for audited finanical reporting purposes that total $139,609. |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | The amortization of merger deposits are classified as an expense recovery ($171,758), while the audited financial statements include the line item as income. Rental expenses are moved to reduce income by ($588,554) to calculate net rental income. |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | CUSO administration fees, which includes TCU Insurance Agency, and rental expenses for CUSO buildings is included in the expenses on form 990, but are moved for audited financial reporting purposes and total ($139,609). |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (15 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jeneen Crane | ||||||||||||||
| Assistant Vice President TCU Investment Services | 57288 | 0 | 144017 | 0 | 12 | 0 | 4735 | 0 | 4142 | 0 | 210194 | 0 | 0 | 0 |
| Greg Danner | ||||||||||||||
| Sr. VP Affiliated Business | 149506 | 0 | 76419 | 0 | 300 | 0 | 4724 | 0 | 8723 | 0 | 239672 | 0 | 0 | 0 |
| David Dodge | ||||||||||||||
| Chief Lending Officer | 190835 | 0 | 94585 | 0 | 2257 | 0 | 1171 | 0 | 5441 | 0 | 294289 | 0 | 0 | 0 |
| Karol Griffin | ||||||||||||||
| Sr VP Branch Operations | 109032 | 0 | 108646 | 0 | 328 | 0 | 2884 | 0 | 8613 | 0 | 229503 | 0 | 0 | 0 |
| Paul Marsh | ||||||||||||||
| CEO | 409706 | 0 | 123611 | 0 | 9467 | 0 | 6177 | 0 | 9465 | 0 | 558426 | 0 | 0 | 0 |
| Valerie Miller | ||||||||||||||
| VP General Counsel | 189966 | 0 | 96081 | 0 | 751 | 0 | 4745 | 0 | 3638 | 0 | 295181 | 0 | 0 | 0 |
| Waylon Peterson | ||||||||||||||
| Sr VP Investments - Trust | 141430 | 0 | 125118 | 0 | 116 | 0 | 6809 | 0 | 9428 | 0 | 282901 | 0 | 0 | 0 |
| Amy Sink | ||||||||||||||
| Sr. VP and CFO | 193842 | 0 | 105599 | 0 | 276 | 0 | 5130 | 0 | 7757 | 0 | 312604 | 0 | 0 | 0 |
| Randall Tarter | ||||||||||||||
| Financial Planner | 37320 | 0 | 130339 | 0 | 0 | 0 | 3586 | 0 | 3616 | 0 | 174861 | 0 | 0 | 0 |
| Jim Unrue | ||||||||||||||
| President TCU Insurance Agency | 144368 | 0 | 29607 | 0 | 779 | 0 | 4457 | 0 | 5738 | 0 | 184949 | 0 | 0 | 0 |
| Daniel Woodhouse | ||||||||||||||
| Financial Planner | 32582 | 0 | 173976 | 0 | 0 | 0 | 5271 | 0 | 8354 | 0 | 220183 | 0 | 0 | 0 |
| Panayotis Xouris | ||||||||||||||
| Agent TCU Insurance | 43428 | 0 | 144217 | 0 | 3810 | 0 | 4405 | 0 | 10172 | 0 | 206032 | 0 | 0 | 0 |
| William Schlundt | ||||||||||||||
| Board Member | 0 | 0 | 0 | 0 | 90000 | 0 | 0 | 0 | 0 | 0 | 90000 | 0 | 0 | 0 |
| Jeanette Moeller | ||||||||||||||
| Board Member | 0 | 0 | 0 | 0 | 45000 | 0 | 0 | 0 | 0 | 0 | 45000 | 0 | 0 | 0 |
| Jay Miller | ||||||||||||||
| Director of Facilities | 67261 | 0 | 1748 | 0 | 80582 | 0 | 3755 | 0 | 3768 | 0 | 157114 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L01a | Schedule J, Part I, Line 1a | When traveling for the corporate annual meeting and conferences spousal expenses are covered for executive management. A portion of country club dues are also paid for annually for members of executive management. Any personal use is considered taxable and is reimbursed by the employee to the organization. |
| SchJ_P01_S00_L03 | Schedule J, Part I, Line 3 | The organization uses an independent consulting agency for the compensation of executive management. There is a written contract that includes the terms and agreements of the CEO salary and that agreement is then approved by the board of directors. |
| SchJ_P01_S00_L04 | Schedule J, Part I, Line 4 | A 457 (f) is in place for David Dodge, there were no contributions that took place in 2012. A severance package was presented to the Director of Facilities (Jay Miller) for $80,341. |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TCU Board and Management | NamePerson |
| Relationship With Organization | TCU Board and Management | RelationshipWithOrganization |
| Purpose Of Loan | Mortgage/Auto/Personal | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $1,241,848 | OriginalPrincipalAmount |
| Balance Due | 890204 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 890204 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0A_L06 | Form 990, Part VI, Section A, Line 6 | All members are considered equal based on membership and have one vote based on voting requirements. |
| F990_P06_S0A_L07a | Form 990, Part VI, Section A, Line 7a | Board Members are elected based on the policy of the credit union and the board of directors. |
| F990_P06_S0B_L11b | Form 990, Part VI, Section B, Line 11b | The 990 information is gathered and prepared within the Corporate Accounting Department. The return is then compiled using an external accounting firm. The return is reviewed by the Chief Financial Officer, the Vice President of Accounting and Finance, and the Controller prior to going to the board of directors for approval. Any changes to the tax return or the instructions to the form 990 from the previous year are brought to the attention of the board of directors for review. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | Teachers Credit Union reviews the conflict of interest policy annually with all members of the Board of Directors, Senior Executive Management, Vice Presidents, and Assistant Vice Presidents. All persons in these job classifications are required to complete a disclosure form with regard to accounts held, active loans, and any additional outside occupations. These documents are submitted for review to the Director of Administration. Policy includes steps to avoid conflict of interest and if changes occur regarding potential conflicts of interest, it is the responsibility of the director, committee member, or employee to report such changes to the proper channel. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | Annually there is an independent consulting agency that is used to calculate and compare management's compensation. The compensation for the Chief Executive Officer is compiled by an independent consulting agency and a written contract is used stating term and salary. The CEO salary is then approved by the Board of Directors. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | The governing documents of the credit union are available upon request. Financial statements are available to membership in the annual report that is published in the first quarter each year, or upon request. Each year management of the credit union reviews the conflict of interest policy and it is available upon request. |
| F990_P07_S0A_L01a | Form 990, Part VII, Section A, Line 1a | Compensation for former board members is related to final retirement payment for services provided while on the board. |
| F990_P11_S00_L09 | Form 990, Part XI, Line 9 | In 2012, Teachers Credit Union merged with L.C. Schools Employees Credit Union. The transaction added additional equity of $3,300,000 to the credit union. Membership fees are added to equity for every membership account that is opened during the year as ownership within the organization. This is not treated as income and accounted for an increase of $148,354. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| TCU Agency LLC | |||||||||
| 110 South Main St | South Bend | IN | 46601 | 300012071 | Insurance Agency | IN | 4276590 | 8257412 | Teachers Credit Union |
| TCU Lending Agency LLC | |||||||||
| 110 South Main St | South Bend | IN | 46601 | 010867566 | Indirect Lending Agency for Autos | IN | 735024 | 3210964 | Teachers Credit Union |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TCU Foundation | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 South Main St | AddressLine1 |
| City | South Bend | City |
| State | IN | State |
| ZIP Code | 46601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351939838 | EIN |
| Primary Activities | Funding of community involvement for credit union | PrimaryActivities |
| Legal Domicile State | IN | LegalDomicileState |
| Exempt Code Section | Private Foundation | ExemptCodeSection |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Teachers Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TCU Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | b | TransactionType |
| Amount Involved | 86794 | AmountInvolved |
| Method Of Amt Determination | Amount transferred at year end is based on membership count and total contributions made to community organizations throughout the plan year. | MethodOfAmtDetermination |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchR_P05_S00_L01b | Identifier |
| Return Reference | Schedule R, Part V, Line 1b | ReturnReference |
| Explanation | Amount transferred at year end is based on membership count and total contributions made to community organzations throughout the plan year. | Explanation |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Extensions for 990 were filed timely. | Explanation |
Comments