2023-05-15T10:25:06-05:00 2022-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-01-01 350885381 CENTRA CREDIT UNION % SAMANTHA STIGDON CENT 8123140273 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 SARAH STAIR VP of ACCOUNTING 8123769771 2023-05-15 true SARAH STAIR 999009999 MICHAEL J SUMMERS P00838533 3173834000 2 2022 2023-04-26 12:10:37Z RICK SILVERS 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 98960156 false X WWW.CENTRA.ORG X 1997 IN STATE CHARTERED AND FEDERALLY INSURED CREDIT UNION WHICH GRANTS CONSUMER LOANS INCLUDING CREDIT CARDS, MORTGAGE LOANS, AND BUSINESS LOANS TO ITS MEMBERS. 9 1 494 0 404305 0 0 0 85681947 93694103 2756122 5266053 0 0 88438069 98960156 0 0 0 0 26267967 28269184 0 0 0 45198302 55847987 71466269 84117171 16971800 14842985 1964165275 2045720209 1730164457 1829709487 234000818 216010722 STATE CHARTERED AND FEDERALLY INSURED CREDIT UNION WHICH GRANTS CONSUMER LOANS INCLUDING CREDIT CARDS AND OPEN-END CREDIT, MORTGAGE LOANS AND BUSINESS LOANS TO ITS MEMBERS. false false CREDIT UNION PROGRAMS. ALL ACTIVITIES ARE STATE CHARTERED CREDIT UNION ACTIVITIES WHICH ARE EXEMPT UNDER SECTION 501(C)(14) false false false false false false true false true true false false true false false true false false false false false false false false false false false true false false false true false false false false false false false false true false false false true 85880 0 true 494 true true true false false false false false false false X 9 1 false false false false true true false true true false true true false true true true true true true false false IN X SAMANTHA STIGDON 8123140273 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 X RICK SILVERS CEO 45.0 0.0 X 698712 0 41803 DAVID MANN CHIEF FINANCIAL OFFICER 45.0 0.0 X 331248 0 19142 PATRICIA KNORR CHIEF DEVELOPMENT OFFICER 45.0 0.0 X 286085 0 26727 BRAD DAVIS CHIEF GROWTH OFFICER 45.0 0.0 X 273027 0 24781 PAUL ADRIAN CHIEF INFORMATION OFFICER 45.0 0.0 X 258831 0 19979 CHRISTOPHER BOTTORFF S.I. REGIONAL PRESIDENT & CSO 45.0 0.0 X 245261 0 17804 DOUG SHARKEY SVP Mortgage Loan Delivery 45.0 0.0 X 183825 0 22178 KARL KISSINGER SVP BUSINESS SERVICES 45.0 0.0 X 167515 0 27273 MELISSA JEWELL SVP TEAM MEMBER EXPERIENCE 45.0 0.0 X 163782 0 16215 ROBERT FISCHVOGT PRESIDENT FINANCIAL SERVICES 45.0 0.0 X 142565 0 21061 JOHN FINNEY VP RETAIL 45.0 0.0 X 132415 0 24942 JIM BICKEL BOARD CHAIR 1.33 0.0 X 14784 0 0 DONALD JACKSON VICE CHAIR 2.02 0.0 X 12432 0 0 MARY STROH DIRECTOR 2.12 0.0 X 12432 0 0 RANDY PROFITT DIRECTOR 2.0 0.0 X 12432 0 0 BRIAN MCBROOM DIRECTOR 2.12 0.0 X 10752 0 0 JOSEPH BROWN SECRETARY/TREASURER 2.06 0.0 X 10752 0 0 KESAVAN VENUGOPAL DIRECTOR 1.64 0.0 X 10752 0 0 KEVINA SCHUMAKER DIRECTOR 1.87 0.0 X 10752 0 0 WHITNEY AMUCHASTE GUI DIRECTOR 2.16 0.0 X 7168 0 0 LORETTE BURD DIRECTOR 1.1 0.0 X 3584 0 0 2989106 0 261905 36 false true false FISERV PO BOX 934057 ATLANTA GA 31193 SOFTWARE 5102767 QSI INC 107 SCHULER DRIVE BARDSTOWN KY 40004 STORAGE 1393598 KOETTER CONSTRUCTION INC 7393 PETE ANDRES ROAD FLOYDS KNOBS IN 47119 CONSTRUCTION 912858 MASTERCARD 100 MANHATTANVILLE ROAD PURCHASE NY 10577 CREDIT PROCESSOR 1747285 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT PROCESSOR 1162477 47 0 INTEREST - LOANS 522100 65069121 65069121 SERVICE & MEMBER FEES 522100 10486272 10081967 404305 CREDIT CARD INCOME 522200 10176401 10176401 INSURANCE COMMISSIONS 524113 2095313 2095313 INT BEARING DEPOSITS 522100 1148056 1148056 4718940 4718940 93694103 4653302 4653302 0 0 0 0 0 0 612751 612751 612751 612751 0 0 0 0 0 0 0 0 0 0 98960156 98555851 404305 0 0 0 0 2349240 0 19465063 535710 4646681 1272490 0 87946 275930 0 0 0 0 968062 2024386 4769200 0 4496457 16690 0 253106 10109400 0 3362373 465213 BAD DEBT EXPENSE 9529955 COLLECTIONS 1042224 LOAN SERVICING EXPENSE 3126926 OUTSIDE SERVICES 3588786 11731333 84117171 19110702 21423824 114881440 85700402 0 0 0 0 11641287 10604226 0 0 1423218917 1596769559 0 0 0 0 65398392 22785067 42616352 42613325 0 0 319505472 251000325 0 0 0 0 33191105 37608548 1964165275 2045720209 0 0 0 0 0 0 0 0 1941933 2164132 0 0 0 0 0 0 1728222524 1827545355 1730164457 1829709487 X 0 0 0 0 234000818 216010722 234000818 216010722 1964165275 2045720209 14842985 -32833081 0 X false true X true false false true X 3810738 3810738 37118488 10422893 26695595 2372184 1584649 787535 20401918 10777525 9624393 1695064 1695064 42613325 AVAILABLE FOR SALE SECURITIES 247209210 F HELD TO MATURITY SECURITIES 3791115 C 251000325 0 MEMBERS' DEPOSITS 1716586033 FHLB ADVANCES 79000000 OTHER LIABILITIES 31959322 1827545355 45531607 -32833081 -32833081 78364688 20595468 20595468 98960156 63521703 63521703 20595468 20595468 84117171 SCHEDULE D, PART IV, LINE 2B ESCROW ACCOUNT: CENTRA CREDIT UNION ACTS AS A THIRD PARTY TRUSTEE THAT RECEIVES AND DISBURSES FUNDS TO PAY OBLIGATIONS OF ACCOUNT HOLDERS. SCHEDULE D, PART X, LINE 2 ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI & XII, LINE 4B OTHER ADJUSTMENTS: INTEREST EXPENSE 10,276,120 LOAN LOSSES 10,319,348 TOTAL ADJUSTMENT $ 20,595,468 X false true X false true false BRAD DAVIS CHIEF GROWTH OFFICER 211785 0 52241 0 9001 0 8078 0 16703 0 297808 0 0 0 CHRISTOPHER BOTTORFF S.I. REGIONAL PRESIDENT & CSO 183575 0 52534 0 9152 0 4342 0 13462 0 263065 0 0 0 DAVID MANN CHIEF FINANCIAL OFFICER 259289 0 61770 0 10189 0 7468 0 11674 0 350390 0 0 0 PATRICIA KNORR CHIEF DEVELOPMENT OFFICER 221579 0 54974 0 9532 0 6847 0 19880 0 312812 0 0 0 PAUL ADRIAN CHIEF INFORMATION OFFICER 201631 0 48647 0 8553 0 7552 0 12427 0 278810 0 0 0 RICK SILVERS CEO 539181 0 150381 0 9150 0 9150 0 32653 0 740515 0 0 0 DOUG SHARKEY SVP Mortgage Loan Delivery 157763 0 26062 0 0 0 4835 0 17343 0 206003 0 0 0 JOHN FINNEY VP RETAIL 118139 0 14276 0 0 0 4061 0 20881 0 157357 0 0 0 KARL KISSINGER SVP BUSINESS SERVICES 139953 0 27562 0 0 0 4500 0 22773 0 194788 0 0 0 MELISSA JEWELL SVP TEAM MEMBER EXPERIENCE 138203 0 25579 0 0 0 4197 0 12018 0 179997 0 0 0 ROBERT FISCHVOGT PRESIDENT FINANCIAL SERVICES 125137 0 17428 0 0 0 4299 0 16762 0 163626 0 0 0 SCHEDULE J, PART I, LINE 1 REIMBURSEMENT OF EXPENSES: CENTRA CREDIT UNION DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF THE EXPENSES DESCRIBED IN 1A. HOWEVER, THE ORGANIZATION DID REQUIRE SUBSTANTIATION PRIOR TO REIMBURSING THE EXPENSES INCURRED. RICK SILVERS RECEIVED CLUB DUES AND THAT WAS TREATED AS TAXABLE INCOME. SCHEDULE J, PART I, LINE 4B PARTICIPATION IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CENTRA CREDIT UNION PARTICIPATES IN A 457(F) PLAN. RICK SILVERS PARTICIPATED AND HAD FUNDS ADDED IN 2022. IN ADDITION THE INDIVIDUALS LISTED BELOW ALSO PARTICIPATE IN SPLIT DOLLAR LIFE INSURANCE PLANS: - BRAD DAVIS - PARTICIA KNORR - DAVID MANN - NORB ADRIAN - RICK SILVERS BRAD DAVIS CHIEF GROWTH OFFICER SPLIT DOLLAR LIFE IN X 725000 771633 false true true PATRICIA KNORR CHIEF EXPERIENCE OFFICER SPLIT DOLLAR LIFE IN X 1600000 1702914 false true true DAVID MANN CHIEF FINANCE OFFICER SPLIT DOLLAR LIFE IN X 1850000 1968994 false true true NORB ADRIAN CHIEF INFORMATION OFFICER SPLIT DOLLAR LIFE IN X 1900000 2002685 false true true RICK SILVERS CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE IN X 4000000 4158000 false true true 10604226 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS: EVERY MEMBER OF THE CREDIT UNION HAVING PURCHASED ONE OR MORE SHARES OF STOCK IS A STOCKHOLDER. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS OF THE GOVERNING BODY: ELIGIBLE MEMBERS RECEIVE ONE VOTE TO ELECT BY MAJORITY THE DIRECTORS OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990: THE FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING THE RETURN. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: CONFLICT OF INTEREST POLICIES ARE SIGNED ANNUALLY BY EACH BOARD MEMBER AND OFFICER OF THE ORGANIZATION AND REVIEWED. IF A BOARD MEMBER HAS A CONFLICT THEY RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING IN THAT AREA. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF COMPENSATION: PAY INCREASES TO TOP MANAGEMENT ARE APPROVED AS PART OF THE ANNUAL REVIEW PROCESS WHERE CENTRA COMPARES CHANGES AGAINST MARKET DATA WHERE AVAILABLE. THIS IS ULTIMATELY APPROVED BY THE BOARD COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:INTERNAL CFS APPRAISALS TOTAL EXPENSES:712044 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FRANCHISE TAXES PAID TOTAL EXPENSES:242731 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ASSOCIATION DUES TOTAL EXPENSES:92923 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:10683635 CENTRA FINANCIAL SERVICES LLC 501 WASHINGTON ST COLUMBUS IN 47201 352157620 BANKING IN 2763511 9341809 Centra CU CFS TITLE LLC 501 WASHINGTON ST COLUMBUS IN 47201 843390715 TITLE SERVICE IN 1047004 3003770 CENTRA CU