Tba Credit Union

Learn about this cause: 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)

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

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 not tax deductible.

Here 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) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katherinine Walker-Thelma (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Hamlyn (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Douglass (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.tbacu.com

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    TBA Credit Union has a significant impact on the community it serves in Traverse City, MI. By providing various deposit account options to its 17,449 members, the credit union plays a crucial role in helping individuals manage their finances and achieve their financial goals. Through its mission to serve the community and build trusted relationships, TBA Credit Union contributes to the financial well-being of its members and promotes financial literacy and stability in the region. This impact is reflected in the trust and support that the credit union has garnered among its members and the local community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    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
  • 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

    If you are a representative of Tba Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.