2021-11-15T16:11:37-06:00 2020-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2020-01-01 350885381 Centra Credit Union % THOMAS BLAIR CENT 8123140242 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 DAVID MANN CFO 8123769771 2021-11-15 true DAVID MANN 999009999 MICHAEL J SUMMERS P00838533 3173834000 2021-11-15 2 2020 2022-09-23 18:48:47Z RICK SILVERS 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 83289744 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. 11 5 460 13 417725 0 0 0 82833136 79941049 661971 3348695 0 0 83495107 83289744 0 0 0 0 21563033 23967982 0 0 0 48341687 47526817 69904720 71494799 13590387 11794945 1559069587 1826992749 1350493207 1604076640 208576380 222916109 STATE CHARTERED AND FEDERALLY INSURED CREDIT UNION WHICH GRANTS CONSUMER LOANS INCLUDING CREDIT CARDS, LEASE FINANCING 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 24391 0 true 460 true true true false false false false false false false X 11 5 false false false false true true false true true false true true false true true true true true true false false IN X THOMAS BLAIR 8123140242 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 X RICK SILVERS CEO 45.0 0.0 X 608247 0 38693 DAVID MANN CHIEF FINANCE OFFICER 45.0 0.0 X 303732 0 16506 PATRICIA KNORR CHIEF EXPERIENCE OFFICER 45.0 0.0 X 270485 0 25982 CHRISTOPHER BOTTORFF S.I. REGIONAL PRESIDENT & CEO 45.0 0.0 X 258443 0 31574 BRAD DAVIS CHIEF CREDIT OFFICER 45.0 0.0 X 255836 0 24531 PAUL ADRIAN CHIEF INFORMATION OFFICER 45.0 0.0 X 239518 0 19298 MARGARET ALLISON MORTGAGE LOAN ORIGINATOR 42.0 0.0 X 197696 0 14048 TOM LANNAN AVP MORTGAGE SALES 45.0 0.0 X 184268 0 23259 DOUGLAS SHARKEY SVP MORTGAGE 45.0 0.0 X 178780 0 22535 KARL KISSINGER SVP BUSINESS SERVICES 45.0 0.0 X 154326 0 25712 MELISSA JEWELL SVP TEAM MEMBER EXPERIENCE 45.0 0.0 X 155643 0 16265 MARY STROH BOARD CHAIR 1.83 0.0 X 13200 0 0 JIM BICKEL VICE CHAIR 1.44 0.0 X 11100 0 0 KESAVAN VENUGOPAL SECRETARY/TREASURER 1.85 0.0 X 10475 0 0 LORETTA BURD DIRECTOR 1.73 0.0 X 10475 0 0 DONALD JACKSON DIRECTOR 1.81 0.0 X 10225 0 0 RANDY PROFFITT DIRECTOR 1.73 0.0 X 10225 0 0 BRIAN MCBROOM DIRECTOR 1.65 0.0 X 9600 0 0 JOSEPH BROWN DIRECTOR 1.9 0.0 X 9145 0 0 ALAN DEGNER DIRECTOR 1.52 0.0 X 5600 0 0 AMBER FISCHVOGT DIRECTOR 1.45 0.0 X 5600 0 0 KEVINA SCHUMAKER DIRECTOR 1.83 0.0 X 4000 0 0 2906619 0 258403 35 false true false FORCE CONSTRUCTION 2564 CALIFORNIA ST COLUMBUS IN 47201 CONSTRUCTION 7430376 FISERV PO BOX 934057 ATLANTA GA 31193 SOFTWARE 4010710 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT PROCESSOR 1167230 PRESIDIO NETWORKED SOLUTIONS GROUP PO BOX 677638 DALLAS TX 75267 DATA PROCESSING 1098269 QSI INC 107 SCHULER DRIVE BARDSTOWN KY 40004 STORAGE 1025023 11 0 INTEREST - LOANS 522100 52322118 52322118 SERVICE & MEMBER FEES 522100 8940594 8522869 417725 INT-INVEST SECURITIES 523000 3550997 3550997 CREDIT CARD INCOME 522200 8524709 8524709 INSURANCE COMMISSIONS 524113 3768797 3768797 2833834 2833834 79941049 0 0 0 3348695 3348695 3348695 3348695 0 0 0 0 0 0 0 0 0 0 83289744 82872019 417725 X 0 0 0 0 2192490 0 15070398 488044 5146852 1070198 0 124342 223385 0 0 0 0 381342 2072857 6399954 0 3738541 5817 0 168000 10807347 0 3121685 443657 BAD DEBT EXPENSE 4318829 OUTSIDE SERVICES 2588960 LOAN SERVICING EXPENSE 3315520 COLLECTIONS 1092167 8724414 71494799 13560707 18471112 80983243 162156335 0 0 0 0 5142420 10860248 0 0 1221050542 1308864473 0 0 0 0 57154627 17606240 29152713 39548387 0 0 181954578 252157573 0 0 0 0 27225384 34934621 1559069587 1826992749 0 0 0 0 0 0 0 0 1707775 1800408 0 0 0 0 0 0 1348785432 1602276232 1350493207 1604076640 X 0 0 0 0 208576380 222916109 208576380 222916109 1559069587 1826992749 X 11794945 2809722 -264938 X false true X true false false true X 3963765 3963765 33164992 9472999 23691993 2524615 1589982 934633 16924336 6543259 10381077 576919 576919 39548387 AVAILABLE FOR SALE SECURITIES 240630461 F HELD TO MATURITY SECURITIES 11527112 C 252157573 0 MEMBERS' DEPOSITS 1525846966 FHLB ADVANCES 57000000 OTHER LIABILITIES 19429266 1602276232 70445809 2809722 2809722 67636087 15653657 15653657 83289744 55841142 55841142 15653657 15653657 71494799 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 FIN 48 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 11,004,113 LOAN LOSSES 4,649,544 TOTAL ADJUSTMENT $ 15,653,657 X false true X false true false RICK SILVERS CEO 474677 0 126278 0 7292 0 8550 0 30143 0 646940 0 0 0 DAVID MANN CHIEF FINANCE OFFICER 245098 0 58634 0 0 0 6004 0 10502 0 320238 0 0 0 PATRICIA KNORR CHIEF EXPERIENCE OFFICER 216247 0 54238 0 0 0 6664 0 19318 0 296467 0 0 0 CHRISTOPHER BOTTORFF S.I. REGIONAL PRESIDENT & CEO 207340 0 51103 0 0 0 6323 0 25251 0 290017 0 0 0 PAUL ADRIAN CHIEF INFORMATION OFFICER 195328 0 44190 0 0 0 7188 0 12110 0 258816 0 0 0 BRAD DAVIS CHIEF CREDIT OFFICER 204918 0 50918 0 0 0 7815 0 16716 0 280367 0 0 0 TOM LANNAN AVP MORTGAGE SALES 70582 0 113686 0 0 0 6823 0 16436 0 207527 0 0 0 MARGARET ALLISON MORTGAGE LOAN ORIGINATOR 38133 0 159563 0 0 0 5649 0 8399 0 211744 0 0 0 DOUGLAS SHARKEY SVP MORTGAGE 149314 0 29466 0 0 0 5631 0 16904 0 201315 0 0 0 KARL KISSINGER SVP BUSINESS SERVICES 130968 0 23358 0 0 0 5214 0 20498 0 180038 0 0 0 MELISSA JEWELL SVP TEAM MEMBER EXPERIENCE 130309 0 25334 0 0 0 4951 0 11314 0 171908 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 2020. IN ADDITION THE INDIVIDUALS LISTED BELOW ALSO PARTICIPATE IN SPLIT DOLLAR LIFE INSURANCE PLANS: - CHRISTOPHER BOTTORFF - BRAD DAVIS - PARTICIA KNORR - DAVID MANN - NORB ADRIAN - RICK SILVERS CHRISTOPHER BOTTORFF SOUTH REGION PRESIDENT AND CEO SPLIT DOLLAR LIFE IN X 1175000 1129410 false true true BRAD DAVIS CHIEF CREDIT OFFICER SPLIT DOLLAR LIFE IN X 725000 696870 false true true PATRICIA KNORR CHIEF EXPERIENCE OFFICER SPLIT DOLLAR LIFE IN X 1600000 1537920 false true true DAVID MANN CHIEF FINANCE OFFICER SPLIT DOLLAR LIFE IN X 1850000 1778220 false true true NORB ADRIAN CHIEF INFORMATION OFFICER X 1900000 1826280 false true true RICK SILVERS CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE IN X 4000000 3891548 false true true 10860248 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 SHAREHOLDER. 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 VICE PRESIDENT OF ACCOUNTING 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 WHICH IS 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 XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: RECLASS ADJUSTMENT FOR REALIZED LOSSES ON AFS SECURITIES $(264,938) FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:INTERNAL CFS APPRAISALS TOTAL EXPENSES:874501 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FRANCHISE TAXES PAID TOTAL EXPENSES:219929 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ASSOCIATION DUES TOTAL EXPENSES:100626 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:7529358 CENTRA FINANCIAL SERVICES LLC 501 WASHINGTON ST COLUMBUS IN 47202 BANKING IN 3477380 11180447 CENTRA CU