2022-08-16T15:09:18-05:00 2021-12-31 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2021-01-01 351082578 INTERRA CREDIT UNION % JAMES HENNING INTE 5745342506 PO BOX 727 GOSHEN IN 465270727 JAMES HENNING SVP AND CFO 5745342506 2022-11-15 true JAMES HENNING 999009999 Lauren R Denton P01571860 2604604000 3 2021 2022-09-23 18:48:47Z AMY SINK PO BOX 727 GOSHEN IN 465270727 68430398 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 3 400 14 528117 253442 0 0 62902048 63413414 4750537 5016984 0 0 67652585 68430398 10000 145119 5404148 3571485 26351421 29313897 0 0 0 26885492 23086414 58651061 56116915 9001524 12313483 1400460265 1620181637 57268418 60101952 1343191847 1560079685 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 47,703 IN THE AMOUNT OF $1,123,484,262 AND NUMBER OF MEMBERS SERVED FOR SAVINGS WAS 87,201 IN THE AMOUNT OF $1,419,107,825. 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 false false true 33695 0 true 400 true true true false false false false false false false X 7 3 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 966472 0 459746 ANDY MARSHALL EVP COO 40.0 0.0 X 474799 0 125003 JIM HENNING CFO 40.0 0.0 X 338265 0 92370 DAVID BIRKY CSO 40.0 0.0 X 335935 0 91315 PHIL WIENS CLO 40.0 0.0 X 302719 0 89567 JOHN POTTER SVP - MORTGAGE SERVICES 40.0 0.0 X 264956 0 26348 LAURA MILLER SVP - HUMAN RESOURCES 40.0 0.0 X 216393 0 25262 ALEXANDRIA HAYFORD MORTGAGE LOAN OFFICER 40.0 0.0 X 211182 0 26477 TYLER RENSBERGER LEAD FINANCIAL ADVISOR 40.0 0.0 X 212813 0 18564 DARRIN MCLAUGHLIN SVP - TECHNOLOGY 40.0 0.0 X 214410 0 14961 TIMOTHY YODER CHAIRMAN 1.0 0.0 X 24000 0 0 BRUCE STAHLY VICE CHAIRMAN 1.0 0.0 X 12000 0 0 CARL STOLTZFUS TREASURER 1.0 0.0 X 12000 0 0 VINCENT BEASLEY SECRETARY 1.0 0.0 X 12000 0 0 DAVID EBY DIRECTOR 1.0 0.0 X 6000 0 0 GINA LEICHTY DIRECTOR 1.0 0.0 X 6000 0 0 CARMEN SNIDER DIRECTOR 1.0 0.0 X 6000 0 0 RANDALL ZIMMERLY ASSOCIATE DIRECTOR 1.0 0.0 X 4000 0 0 DARIN SHORT SUPERVISORY COMMITTEE 1.0 0.0 X 4000 0 0 MICHELLE ADAMS SUPERVISORY COMMITTEE 1.0 0.0 X 4000 0 0 SUSAN CRIPE SUPERVISORY COMMITTEE 1.0 0.0 X 4000 0 0 JODY SPATARO ASSOCIATE DIRECTOR 1.0 0.0 X 3334 0 0 LORI NAFZIGER ASSOCIATE DIRECTOR 1.0 0.0 X 3334 0 0 DOUG NISLEY ASSOCIATE DIRECTOR 1.0 0.0 X 3334 0 0 3641946 0 969613 43 false true false PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT/DEBIT CARD PR 4280668 JACK HENRY AND ASSOCIATES PO BOX 503328 ST LOUIS MO 631503328 COMPUTER SOFTWARE 1125104 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 WEB SERVICES/PROGRAM 645658 D J CONSTRUCTION CO INC 3414 ELKHART ROAD GOSHEN IN 46526 MAINTENANCE/CONSTRUC 1286753 AUNALYTICS 460 STULL STREET SUITE 200 SOUTH BEND IN 46601 BUS INFO SERVICES 1005092 24 0 INTEREST ON LOANS 522130 45761828 45761828 FEE INCOME 522130 15622943 15128372 494571 OTHER INCOME 522130 2028643 1995097 33546 63413414 1804342 1804342 0 0 0 0 0 0 3212642 3212642 3212642 3212642 0 0 0 0 0 0 0 0 0 0 68430398 67902281 528117 145119 0 0 3571485 4837932 0 18625820 2045035 2345340 1459770 0 102213 164725 0 0 0 0 1206796 8826302 0 0 2050443 0 0 297437 514259 0 1967935 434608 LOAN EXPENSES 2961567 ALL - PROVISIONS 262471 ATM/DEBIT CARD EXPENSES 3498225 MISCELLANEOUS 799433 56116915 9036932 9874864 210096494 94114834 0 0 1986062 2469700 0 0 0 0 1054510179 1117079418 79398 117391 1508448 1722496 43176252 19526988 21260935 23649264 55691613 322370159 6307734 6676864 35952549 37422334 0 0 4029921 4684313 1400460265 1620181637 6247302 7600728 0 0 0 0 0 0 0 0 0 0 40000000 40000000 0 0 11021116 12501224 57268418 60101952 X 1210944911 1419350869 64930287 71000729 67316649 69728087 1343191847 1560079685 1400460265 1620181637 X 12313483 -3831605 208405960 X false true X true false 3595262 3595262 27185751 11001142 16184609 12395239 8525846 3869393 23649264 0 CLEARING ACCOUNTS 12501224 12501224 64598793 -3831605 -3831605 68430398 68430398 56116915 56116915 56116915 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 2018. true INTERRA CARES FOUNDATION 300 WEST LINCOLN AVENUE GOSHEN IN 46526 391383650 501(c)(3) 135119 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 AMY SINK PRESIDENT/CEO 492547 118236 355689 451647 8099 1426218 349689 ANDY MARSHALL EVP COO 347044 127755 106581 18422 599802 DAVID BIRKY CSO 269476 66459 77595 13720 427250 JIM HENNING CFO 271885 66380 73822 18548 430635 PHIL WIENS CLO 241423 61296 70348 19219 392286 ALEXANDRIA HAYFORD MORTGAGE LOAN OFFICER 56009 155173 7651 18826 237659 TYLER RENSBERGER LEAD FINANCIAL ADVISOR 24636 188177 4965 13599 231377 JOHN POTTER SVP - MORTGAGE SERVICES 183071 81885 7294 19054 291304 LAURA MILLER SVP - HUMAN RESOURCES 185317 31076 6514 18748 241655 DARRIN MCLAUGHLIN SVP - TECHNOLOGY 191092 23318 6797 8164 229371 SCHEDULE J, PART I, LINE 4C 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 2021, AMY SINK HAD A PAYOUT OF $349,689. IN 2021, CONTRIBUTIONS TO THE PLAN WERE AS FOLLOWS: AMY SINK $ 446,747 ANDY MARSHAL $ 96,781 DAVID BIRKY $ 68,423 JIM HENNING $ 69,354 PHIL WIENS $ 62,641 FORM 990, PART VI, SECTION A, LINE 1B TIMOTHY YODER, BRUCE STAHLY, CAROL STOLTZFUS AND VINCENT BEASLEY ARE CONSIDERED NON-INDEPENDENT MEMBERS OF THE BOARD DUE TO RECEIVING COMPENSATION IN EXCESS OF $10,000. 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 BELEIVES 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 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 B. LINE 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 INCREASE IN MEMBERS DEPOSITS $208,405,960 INTERRA CARES FOUNDATION 823816459 FINANCIAL EDU IN 501(c)(3) 7 false MEMBERS FINANCIAL MANAGEMENT CENTER INC PO BOX 727 GOSHEN IN 46527 FINANCIAL PRO IN INTERRA CU CORPORATION 534 243043 1.00000 true false true false false false false false false false false false false false false true false false false false INTERRA CARES FOUNDATION B 135119 ACTUAL EXPENSE