2019-06-25T09:44:21-05:00 2018-12-31 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2018-01-01 351082578 INTERRA CREDIT UNION % JAMES HENNING INTE 5745342506 PO BOX 727 GOSHEN IN 465270727 JAMES HENNING SVP & CFO 5745342506 2019-11-15 true Gwyn M Eastom P00637617 2604604000 167.68.126.162 35027420191765000000 2019-06-25 P B6216CF12129628A7FE598526BDE6CBBE5F2D5F5 F560D4A486E1B6265A73BA7576EDA83A4C287CC2 2018 2019-02-21 02:37:17Z AMY SINK PO BOX 727 GOSHEN IN 465270727 58802172 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 7 351 10 321322 192649 0 0 47422362 56340216 2001765 2461956 0 0 49424127 58802172 0 0 3710723 6379896 17700158 20680126 0 0 0 20483017 23099645 41893898 50159667 7530229 8642505 1049405307 1161804270 90198481 127489663 959206826 1034314607 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 46,286 IN THE AMOUNT OF $980,790,167 AND NUMBER OF MEMBERS SERVED FOR SAVINGS WAS 80,464 IN THE AMOUNT OF $923,608,665. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 24599 0 true 351 true true true false false false false false false false X 7 7 false false false false true true true true true false true true true true true true true true true true true false X JAMES HENNING 5745342506 300 W LINCOLN AVENUE GOSHEN IN 46526 TIM YODER BOARD CHAIRMAN 2.0 0.0 X 4075 0 0 BRUCE STAHLY BOARD VICE CHAIRMAN 1.0 0.0 X 4075 0 0 LOREN EASH BOARD SECRETARY 1.0 0.0 X 4075 0 0 CARL STOLTZFUS BOARD TREASURER 1.0 0.0 X 4509 0 0 VINCE BEASLEY BOARD MEMBER 1.0 0.0 X 2075 0 0 DAVID EBY BOARD MEMBER 1.0 0.0 X 2000 0 0 KATHY BREWTON BOARD MEMBER 1.0 0.0 X 2441 0 0 DARIN SHORT SUPERVISORY MEMBER 0.2 0.0 X 1367 0 0 MICHELLE ADAMS SUPERVISORY MEMBER 0.2 0.0 X 1516 0 0 SUSAN CRIPE SUPERVISORY MEMBER 0.2 0.0 X 1525 0 0 AMY SINK PRESIDENT/CEO 40.0 0.0 X 429248 0 440022 ANDY MARSHALL CHIEF OPERATING OFFICER 40.0 0.0 X 332382 0 80148 DAVID BIRKEY CHIEF STRATEGY OFFICER 40.0 0.0 X 265864 0 65393 JAMES HENNING CHIEF FINANCIAL OFFICER 40.0 0.0 X 209519 0 33538 PHIL WIENS CHIEF RETAIL OFFICER 40.0 0.0 X 187437 0 20911 DUANE WILCOXSON CHIEF INFORMATION OFFICER 40.0 0.0 X 191574 0 21362 PEGGY GUYAS MORTGAGE LOAN OFFICER 40.0 0.0 X 204065 0 17013 DAVID DEKKER SVP - CONSUMER SERVICES 40.0 0.0 X 188566 0 21509 STEPHANIE WELDY MORTGAGE LOAN OFFICER 40.0 0.0 X 182517 0 18000 ROBERT SPENCER VP OF MORTGAGES 40.0 0.0 X 182511 0 9493 PEGGY MILTON MORTGAGE LOAN OFFICER 40.0 0.0 X 158957 0 8873 2560298 0 736262 20 false true false PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT/DEBIT CARD PR 3172890 JACK HENRY AND ASSOCIATES PO BOX 503328 ST LOUIS MO 631503328 COMPUTER SOFTWARE&EQ 834990 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 WEB SERVICES/PROGRAM 767812 GREENFIELD LANDSCAPE SERVICES 2523 MESSICK DRIVE GOSHEN IN 46526 LAWNCARE AND LANDSCA 228978 BRAND INNOVATION GROUP 8902 AIRPORT DRIVE SUITE A FORT WAYNE IN 46809 MARKETING SERVICES 195500 26 0 INTEREST ON LOANS 522130 42451873 42451873 FEE INCOME 522130 12488782 12167460 321322 OTHER INCOME 522130 1399561 1399561 56340216 1752236 1752236 0 0 0 0 0 709720 709720 709720 709720 0 0 0 0 0 0 0 0 0 0 58802172 58480850 321322 0 0 0 6379896 2133056 0 13990331 1174856 2255053 1126830 0 134528 201575 0 0 0 0 960089 6857413 0 0 1963523 0 0 425119 2075502 0 1846573 173093 LOAN EXPENSES 2961926 ALL - PROVISIONS 3058916 ATM/DEBIT CARD EXPENSES 2115527 MISCELLANEOUS 325861 50159667 0 0 0 6902457 7575175 35420381 52824284 0 0 1476773 1665069 0 0 0 0 867322458 980793216 142244 110065 1271081 1147621 36048924 15403933 20724524 20644991 71516029 50157241 5883586 6156675 35461502 36914068 0 0 3284272 3815865 1049405307 1161804270 4993778 5132555 0 0 0 0 0 0 0 0 0 0 80300000 117000000 0 0 4904703 5357108 90198481 127489663 X 857073280 923853713 45497808 51418301 56635738 59042593 959206826 1034314607 1049405307 1161804270 X 8642505 -249126 -56373 66770775 X false true X true false 2629165 2629165 22747983 8642036 14105947 10671776 6761897 3909879 20644991 0 CLEARING ACCOUNTS 5357108 5357108 58553046 -249126 -249126 58802172 58802172 50159667 50159667 50159667 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 2014. X true true X X X X true true false AMY SINK PRESIDENT/CEO 372632 0 56616 0 0 0 433182 0 6840 0 869270 0 ANDY MARSHALL CHIEF OPERATING OFFICER 271591 0 60791 0 0 0 63910 0 16238 0 412530 0 DAVID BIRKEY CHIEF STRATEGY OFFICER 229450 0 36414 0 0 0 53597 0 11796 0 331257 0 JAMES HENNING CHIEF FINANCIAL OFFICER 188087 0 21432 0 0 0 17300 0 16238 0 243057 0 PHIL WIENS CHIEF RETAIL OFFICER 161427 0 26010 0 0 0 4679 0 16232 0 208348 0 DUANE WILCOXSON CHIEF INFORMATION OFFICER 176965 0 14609 0 0 0 5124 0 16238 0 212936 0 PEGGY GUYAS MORTGAGE LOAN OFFICER 43253 0 160812 0 0 0 2184 0 14829 0 221078 0 DAVID DEKKER SVP - CONSUMER SERVICES 142257 0 46309 0 0 0 5065 0 16444 0 210075 0 STEPHANIE WELDY MORTGAGE LOAN OFFICER 32073 0 150444 0 0 0 1877 0 16123 0 200517 0 ROBERT SPENCER VP OF MORTGAGES 105843 0 62392 0 14276 0 3602 0 5891 0 192004 0 PEGGY MILTON MORTGAGE LOAN OFFICER 25522 0 133435 0 0 0 1845 0 7028 0 167830 0 SCHEDULE J, PART I, LINE 1A DIRECTORS ARE REIMBURSED FOR SPOUSAL TRAVEL WHICH IS REPORT ON 1099 MISCELLANEOUS. SCHEDULE J, PART I, LINE 4A ROBERT SPENCER RECEIVED SEVERANCE PAY IN THE AMOUNT OF $14,276. SCHEDULE J, PART I, LINE 4B THE PRESIDENT/CEO, CHIEF OPERATING OFFICER, AND CHIEF STRATEGY OFFICER PARTICIPATE IN A NONQUALIFIED SERP PLAN THAT PAYS OUT UPON RETIREMENT AND HAS SUBSTANTIAL RISK OF FORFEITURE. CONTRIBUTIONS TO THE PLAN ARE REPORTED AS THEY ARE ACCRUED. IN 2018, CONTRIBUTIONS TO THE PLAN WERE AS FOLLOWS: AMY SINK $425,513 ANDY MARSHALL $56,190 DAVID BIRKEY $47,106 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 & 15B 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 $66,770,775 MEMBERS FINANCIAL MANAGEMENT CENTER INC PO BOX 727 GOSHEN IN 46527 FINANCIAL PRODUCT IN INTERRA CU CORPORATION -22681 245048 1.00000 true false false false false false false false false false false false false false false true false false false false