EIN 38-1602298

Credit Unions Chartered in the State of Michigan - 508 TBA Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
85
City
Traverse City
Year formed
1955
Most recent tax filings
2023-12-01
Description
To provide financial services to member owners with a common bond.
Related structure
Credit Unions Chartered in the State of Michigan - 508 TBA Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Tba Credit Union; Credit Unions Chartered in the State of Michigan
Total revenues
$17,795,248
2023
Total expenses
$12,527,027
2023
Total assets
$346,552,080
2023
Num. employees
85
2023

Program areas at Credit Unions Chartered in the State of Michigan - 508 TBA Credit Union

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2023 was 19,137
Offer automated teller machines, debit cards, money orders, safe deposit boxes, bill payment, travelers checks, digital wallet-apple, google pay, samsung pay and various insurance programs.
The Credit Union provides a variety of loans to members including real estate, Credit card, vehicle and other. The total number of loans outstanding at 12/31/2023 was 12,663.

Personnel at Credit Unions Chartered in the State of Michigan - 508 TBA Credit Union

NameTitleCompensation
Karen BrowneChief Executive Officer$306,282
Christie DompierreChief Operating Officer$109,780
Robin WybengaFormer Chief Financial Officer$173,625
Stacyann SmithChief Financial Officer$143,908
Abby SmithDirector$108,018
...and 3 more key personnel

Financials for Credit Unions Chartered in the State of Michigan - 508 TBA Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$14,740,325
Investment income and dividends$1,543,105
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$52,760
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,459,058
Total revenues$17,795,248

Form 990s for Credit Unions Chartered in the State of Michigan - 508 TBA Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-08990View PDF
2022-122023-05-09990View PDF
2021-122022-05-15990View PDF
2020-122021-04-23990View PDF
2019-122021-06-07990View PDF
...and 9 more Form 990s
Data update history
July 11, 2024
Used new vendors
Identified 1 new vendor, including
November 23, 2023
Updated personnel
Identified 1 new personnel
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
630 E Front St
Traverse City, MI 49686
County
Grand Traverse County, MI
Website URL
tbacu.com/ 
Phone
(231) 946-7090
IRS details
EIN
38-1602298
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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