Credit union · NCUA insured
TLCU Financial
Top CarrotA $59.9M credit union headquartered in Mishawaka, IN, with 3,890 members and 2 branches in Indiana. Best rates: CDs 4.07% and savings 0.85% APY.
TLCU Financial Carrot Score
Carrot ScoreTop Carrot
Higher than 93% of U.S. banks and credit unions
#2 of 22 in South Bend, IN-MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About TLCU Financial
Founded in 1953 as Taper Lock Employees Federal Credit Union for foundry workers of Dodge Manufacturing, TLCU Financial is a member-owned financial cooperative.
The credit union operates offices in Mishawaka and Bremen, Indiana, where it expanded after machinists relocated to Universal Bearings.
- Headquarters
- 1816 N Main St, Mishawaka, IN 46545-5616
- NCUA charter
- 68286
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone living or working in LaGrange County, Marshall County, Elkhart County, or St. Joseph County is eligible for membership.
Employers and groups
- Employees of listed Select Employee Groups in Mishawaka, Topeka, and Bremen qualify for membership.
Family and household
- Individuals who have a family member with an existing TLCU Financial account are eligible for membership.
Branches
2 branches in Indiana
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Indiana
2 branches
South Bend area · 1
- MishawakaMain office1816 N Main St, Mishawaka, IN 46545Directions
Plymouth area · 1
- Bremen1122 W Plymouth St, Bremen, IN 46506Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.01% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.45% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.17% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $39 | $59 | — |
- CapitalNet worth ratio16.01%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.45%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.17%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$39Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of TLCU Financial are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.