2023-11-14T08:42:46-06:00 2022-12-31 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-01-01 351082578 INTERRA CREDIT UNION % JAMES HENNING INTE 5745342506 PO BOX 727 GOSHEN IN 465270727 JAMES HENNING CFO 5745342506 2023-11-15 true JAMES HENNING 999009999 Lauren R Denton P01571860 2604604000 2 2022 2023-04-26 12:10:37Z AMY SINK PO BOX 727 GOSHEN IN 465270727 78567352 false X WWW.INTERRACU.COM X 1932 IN COOPERATIVE FINANCIAL INSTITUTION WITH A MISSION TO BE OUR MEMBERS' MOST TRUSTED AND VALUED FINANCIAL RESOURCE. 7 7 391 14 655482 351297 0 0 63413414 74797588 5016984 3769764 0 0 68430398 78567352 145119 234995 3571485 5615581 29313897 30977779 0 0 0 23086414 28582432 56116915 65410787 12313483 13156565 1620181637 1729309685 60101952 207727355 1560079685 1521582330 COOPERATIVE FINANCIAL INSTITUTION WITH A MISSION TO BE OUR MEMBERS' MOST TRUSTED AND VALUED FINANCIAL RESOURCE. false false NUMBER OF MEMBERS SERVED FOR LOANS WAS 51,626 IN THE AMOUNT OF $1,371,025,155 AND NUMBER OF MEMBERS SERVED FOR SAVINGS WAS 91,640 IN THE AMOUNT OF $1,391,413,667. false false false false false false false false false true false false false true false false true false false false false false false false false false true false true false false false false false false false false false false false true true false false true 30312 0 true 391 true true true false false false false false true false X 7 7 false false false false true true true true true false true true true true true true true true true true false IN X JAMES HENNING 5745342506 300 W LINCOLN AVENUE GOSHEN IN 46526 AMY SINK PRESIDENT/CEO 40.0 0.0 X 1048362 0 466853 ANDY MARSHALL EVP COO 40.0 0.0 X 535776 0 140743 JIM HENNING CFO 40.0 0.0 X 371125 0 108890 DAVID BIRKY CSO 40.0 1.0 X 352385 0 101097 PHIL WIENS CLO 40.0 0.0 X 330113 0 95228 JOHN POTTER SVP - MORTGAGE SERVICES 40.0 0.0 X 245768 0 28850 LAURA MILLER SVP - HUMAN RESOURCES 40.0 0.0 X 230031 0 28980 TYLER RENSBERGER LEAD FINANCIAL ADVISOR 40.0 0.0 X 231289 0 23226 MICHAEL BLOSSER SVP - COMMERCIAL SERVICES 40.0 0.0 X 239372 0 8925 ANGELA PLETCHER SVP - ENTERPRISE RISK MGMT 40.0 0.0 X 213345 0 22863 TIMOTHY YODER CHAIRMAN 1.0 0.0 X 30000 0 0 VINCENT BEASLEY SECRETARY 1.0 0.0 X 20000 0 0 CARL STOLTZFUS TREASURER 1.0 0.0 X 20000 0 0 BRUCE STAHLY VICE CHAIRMAN 1.0 1.0 X 20000 0 0 CARMEN SNIDER DIRECTOR 1.0 1.0 X 18000 0 0 GINA LIECHTY DIRECTOR 1.0 1.0 X 18000 0 0 RANDALL ZIMMERLY DIRECTOR 1.0 0.0 X 9000 0 0 JODY SPATARO ASSOCIATE DIRECTOR 1.0 1.0 X 9000 0 0 LORI NAFZIGER ASSOCIATE DIRECTOR 1.0 1.0 X 9000 0 0 DOUG NISLEY ASSOCIATE DIRECTOR 1.0 0.0 X 9000 0 0 DAVID EBY DIRECTOR - FORMER 1.0 0.0 X 6000 0 0 DARIN SHORT SUPERVISORY COMMITTEE 1.0 0.0 X 6000 0 0 SUSAN CRIPE SUPERVISORY COMMITTEE 1.0 0.0 X 6000 0 0 MICHELLE ADAMS SUPERVISORY COMMITTEE 1.0 0.0 X 6000 0 0 3983566 0 1025655 44 false true false PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT/DEBIT CARD PR 4310571 JACK HENRY AND ASSOCIATES 663 W HWY 60 MONETT MO 65708 COMPUTER SOFTWARE 1310369 LUMIN DIGITAL 3001 BISHOP DR SUITE 110 SAN RAMON CA 94583 WEB SERVICES/PROGRAM 1255793 AUNALYTICS 460 STULL STREET SUITE 200 SOUTH BEND IN 46601 BUS INFO SERVICES 1194334 D J CONSTRUCTION CO INC 3414 ELKHART ROAD GOSHEN IN 46526 MAINTENANCE/CONSTRUC 1059121 27 0 INTEREST ON LOANS 522130 53630565 53630565 FEE INCOME 522130 16715708 16086904 628804 OTHER INCOME 522130 4451315 4424637 26678 74797588 3153473 3153473 0 0 0 0 0 0 0 616291 616291 616291 616291 0 0 0 0 0 0 0 0 0 0 78567352 77911870 655482 234995 0 0 5615581 4796954 0 19620779 1609050 3396870 1554126 0 74768 183135 0 0 0 0 1212865 9918630 0 0 2339069 0 0 344243 2100708 0 2124576 610818 LOAN EXPENSES 3051153 ALL - PROVISIONS 1839894 ATM/DEBIT CARD EXPENSES 3861645 MISCELLANEOUS 920928 65410787 9874864 25769427 94114834 15364345 0 0 2469700 2689557 0 0 0 0 1117079418 1359785614 117391 154062 1722496 2495660 41362985 18141469 23649264 23221516 322370159 242302868 6676864 12146979 37422334 38573912 0 0 4684313 6805745 1620181637 1729309685 7600728 9322059 0 0 0 0 0 0 0 0 0 0 40000000 184886505 0 0 12501224 13518791 60101952 207727355 X 1419350869 1391657176 71000729 78889031 69728087 51036123 1560079685 1521582330 1620181637 1729309685 X 13156565 -23960225 -27693695 X false true X true false 3565762 3565762 27032430 10935555 16096875 10764793 7205914 3558879 0 23221516 0 CLEARING ACCOUNTS 13518791 13518791 X 54607127 -23960225 -23960225 78567352 78567352 65410787 65410787 65410787 SCHEDULE D, PART X, LINE 2 INCOME TAX IN THE CONSOLIDATED STATEMENTS OF INCOME INCLUDE INDIANA FRANCHISE TAX. THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME TAX. MEMBERS FINANCIAL MANAGEMENT CENTER INC. IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION AND MEMBERS FINANCIAL MANAGEMENT CENTER, INC. FILE INCOME TAX RETURNS IN THE U.S. FEDERAL AND INDIANA JURISDICTIONS. WITH A FEW EXCEPTIONS, THEY ARE NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR CALENDAR YEARS BEFORE 2019. true INTERRA CARES FOUNDATION 300 WEST LINCOLN AVENUE GOSHEN IN 46526 823816459 501(C)(3) 224995 SUPPORT NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT ROAD MADISON WI 53705 391383650 501(C)(3) 10000 SUPPORT 2 SCHEDULE I, PART I, LINE 2 FUNDS WILL BE PROVIDED TO, AND FOR THE BENEFIT OF, INTERRA CARES FOUNDATION AND NATIONAL CREDIT UNION FOUNDATION. THE FUNDS ARE TO SUPPORT THE OPERATIONS OF THE FOUNDATIONS, AND IN TURN THE FOUNDATIONS DISBURSE FUNDS INTO THE COMMUNITY. X X X X false true false ANGELA PLETCHER SVP - ENTERPRISE RISK MGMT 177199 36146 6335 16528 236208 MICHAEL BLOSSER SVP - COMMERCIAL SERVICES 213093 26279 7279 1646 248297 TYLER RENSBERGER LEAD FINANCIAL ADVISOR 21734 209555 8344 14882 254515 LAURA MILLER SVP - HUMAN RESOURCES 204281 25750 7173 21807 259011 JOHN POTTER SVP - MORTGAGE SERVICES 165747 80021 6109 22741 274618 PHIL WIENS CLO 263024 67089 75447 19781 425341 JIM HENNING CFO 297737 73388 84865 24025 480015 DAVID BIRKY CSO 283645 68740 80051 21046 453482 ANDY MARSHALL EVP COO 396210 139566 118173 22570 676519 AMY SINK PRESIDENT/CEO 563197 129476 355689 451906 14947 1515215 349689 SCHEDULE J, PART I, LINE 4B THE PRESIDENT/CEO, CHIEF OPERATING OFFICER, CHIEF STRATEGY OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF LENDING OFFICER PARTICIPATE IN A NON QUALIFIED SERP PLAN THAT PAYS OUT UPON RETIREMENT AND HAS SUBSTANTIAL RISK OF FORFEITURE. CONTRIBUTIONS TO THE PLAN ARE REPORTED AS THEY ARE ACCRUED. IN 2022, AMY SINK HAD A PAYOUT OF $349,689. IN 2022, CONTRIBUTIONS TO THE PLAN WERE AS FOLLOWS: AMY SINK $ 446,307 ANDY MARSHALL $ 108,373 DAVID BIRKY $ 70,503 JIM HENNING $ 75,065 PHIL WIENS $ 66,827 FORM 990, PART VI, SECTION A. LINE 6 INTERRA CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A INTERRA CREDIT UNION IS OWNED BY ITS MEMBERS. BOARD MEMBERS AND SUPERVISORY COMMITTEE MEMBERS ARE ELECTED BY THE CREDIT UNION'S MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B WHEN REQUIRED BY STATE LAWS AND OUR BYLAWS, MEMBERS DO VOTE TO APPROVE DECISIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CREDIT UNION'S CHIEF FINANCIAL OFFICER AND A COPY IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM TO BE COMPLETED BY THE BOARD OF DIRECTORS AND REVIEWED DURING AN ANNUAL MEETING WITH THE BOARD AND GOVERNANCE COMMITTEE. ANY ARRANGEMENT THAT PLACES A BOARD MEMBERS' INTEREST ABOVE THOSE OF INTERRA IS IMPERMISSIBLE. IF A MAJORITY OF THE BOARD BELIEVES THERE IS A CONFLICT, THE CHAIR WILL REQUEST THE BOARD MEMBER TO RECUSE HIM OR HERSELF FROM THE DISCUSSION AND DECISION OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A & 15B JANUARY 2021 - THE BOARD REVIEWS COMPENSATION RECOMMENDATIONS ANNUALLY FROM AN INDEPENDENT CONSULTANT AND INDUSTRY COMPARISONS TO DETERMINE APPROPRIATE COMPENSATION FOR THE CEO AND OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND OUR ANNUAL REPORT ARE PROVIDED AT OUR ANNUAL MEMBERS' MEETING AND ON OUR WEBSITE. OTHER REPORTS SUCH AS THE 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 DECREASE IN MEMBERS DEPOSITS $27,693,695 INTERRA CARES FOUNDATION 300 W LINCOLN AVE GOSHEN IN 46526 823816459 FINANCIAL EDU IN 501(C)(3) 7 false MEMBERS FINANCIAL MANAGEMENT CENTER INC PO BOX 727 GOSHEN IN 46527 351768194 FINANCIAL PRO IN INTERRA CU CORPORATION 465 243508 1.00000 true false true false false false false false false false false false false false false true false false false false