2017-10-03T11:00:31-05:00 2016-12-31 350921680 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 3 00 Post Office Box 40977 Indianapolis IN 462400977 990 2016-01-01 350884006 Via Credit Union VIAC 7656746631 4505 S Adams St Marion IN 46953 Lori Fiene CFO 2017-09-29 true Rachel Spurlock P00520729 3175698989 2016 2021-01-29 14:40:06Z David Abernathy 4505 S Adams St Marion IN 46953 12665991 false X www.viacu.org X 1936 IN To serve the financially-related needs of our diverse membership while maintaining a sound, member-owned association. 10 9 85 12 418893 116718 0 10867178 11041766 1407785 1602427 22026 21798 12296989 12665991 4000 6000 0 4274294 4470820 0 0 5828818 6134400 10107112 10611220 2189877 2054771 313904688 323402288 275552658 282995487 38352030 40406801 X To serve the financially-related needs of our diverse membership while maintaining a sound, member-owned association. The credit Union returns the profits to its members in the form of lower loan rates, higher savings rates and free or low cost services. The credit union brings financial services to people who are unable to obtain them elsewhere or as a valuable alternative to the traditions for-profit banking system. The credit union receives deposit from and makes loans to its members primarily located in the Indiana counties of Blackford, Grant, Delaware, Madison and Miami. The majority of its loans are collateralized by specific items, including consumer assets, residential real estate, and member share balances. false false VIA CREDIT UNION OFFERS SEVERAL DIFFERENT SAVINGS ACCOUNTS. MEMBERSHIP SHARES ARE REQUIRED FOR MEMBERSHIP; SECONDARY SHARES CAN BE NAMED DIFFERENTLY FOR BUDGETING PURPOSES AND CHRISTMAS CLUB ACCOUNTS. VIA CREDIT UNION ALSO OFFERS MONEY MARKET AND PREMIER MONEY MARKET SHARE ACCOUNTS AND SEVERAL DIFFERENT TERMS OF SHARE CERTIFICATES. VIA CREDIT UNION OFFERS FREE CHECKING, REQUIRES NO MINIMUM BALANCE AND OFFERS UNLIMITED CHECK WRITING. MEMBERS ARE ABLE TO MANAGE THE CHECKING ACCOUNT THROUGH "VIA CONNECT," OUR INTERNET BANKING, VIA MOBILE OR VIAVOICE, OUR AUTOMATED TELEPHONE SERVICE. "VIA BILL PAY" ALLOWS YOU TO PAY YOUR BILLS ON LINE FOR FREE. THE CREDIT UNION OFFERS NEW AND USED AUTO LOANS, HOME EQUITY LOANS, UNSECURED LOANS, MORTGAGES, BUSINESS AND CREDIT CARD LOANS AT COMPETITIVE LOAN RATES, FLEXIBLE TERMS AND AUTOMATIC PAYMENT OPTIONS. THE CREDIT UNION'S WHOLLY OWNED SUBSIDIARY, VIA FINANCIAL GROUP, SELLS NONDEPOSIT INVESTMENT AND INSURANCE PRODUCTS TO CREDIT UNION MEMBERS AND OTHERS FROM ITS MARION, INDIANA OFFICE. 0 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 false true true false false false false false false false false false false true false false false true 8575 0 true 85 true true true false false false false false X 10 9 false false false false true true true true true false true true true true true true true true true true false IN X Lori Fiene 7656746631 4505 SOUTH ADAMS ST Marion IN 46953 John Lightle Board Chairman 1.0 X X 0 0 0 Clyde Thornell Vice Chairman 1.0 X X 0 0 0 David Abernathy CEO/TREASURER OF THE BOARD 46.0 X X 162569 0 22417 Frances Pack Secretary of the Board 1.0 X X 0 0 0 Verlis Slusher Board member 1.0 X 0 0 0 Roger Roth Board Member 1.0 X 0 0 0 Greg Maurer Board Member 1.0 X 0 0 0 Jack Shaffner Board Member 1.0 X 0 0 0 Timothy Mitchener Board Member 1.0 X 0 0 0 Deleane Soloman Board Member 1.0 X 0 0 0 Lori Fiene CFO 45.0 X 85541 0 21046 248110 0 43463 1 false true false JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SYMITAR IN HOUSE COMPUTER SERVICE 227772 APPRAISER VENDOR LLC 3195 W FAIRVIEW RD SUITE C GREENWOOD IN 46142 LOAN APPRAISALS 141755 2 0 Interest on Loans 522100 7585364 7585364 services charges and fees 522100 1793108 1713043 80065 INTERCHANGE INCOME 522100 1173308 1173308 insurance and investment products income 524298 489986 151158 338828 0 0 0 0 11041766 1602427 1602427 0 0 0 0 OTHER REVENUE 522100 21798 21798 0 0 0 0 21798 12665991 10644671 418893 1602427 6000 291572 0 0 0 2956152 253760 727297 242039 6232 38550 43060 0 0 0 0 212172 791346 303222 511416 118366 1298398 28079 515445 215313 Provision for loan loss 458100 NETWORK FEES 549398 loan servicing & collection 781746 TAX ON UNRELATED BUSINESS INCOME 36916 226641 0 0 0 10611220 0 0 0 3288494 3242021 33865880 28985230 0 0 0 154245112 183419709 632007 580717 12787275 7451307 5727627 5335968 112359865 98012667 0 0 46410 19451 3739293 3806525 313904688 323402288 1687478 2500375 273865180 280495112 275552658 282995487 X 38352030 40406801 38352030 40406801 313904688 323402288 2054771 0 X false true X true false 1190766 1190766 6889522 3164170 3725352 4266277 3897348 368929 440710 389789 50921 5335968 Members' Deposits 280495112 280495112 true SCHOLARSHIPS 6 6000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. To be eligible for a scholarship, a student must be a graduating high school senior, been a member of the Via Credit Union for at least one year and have a B average. In order for a scholarship recipient to receive the funds, he/she must provide a class schedule. A check is then made payable to the individual and the university they are attending, therefore both parties must endorse the check. The organization has a scholarship committee made up of one management team member, one board member and three at large members. The committee reviewed the applications and chose the 6 recipients. X true true X X false false false David Abernathy CEO/TREASURER OF THE BOARD 162569 0 0 0 0 0 14727 0 7690 0 184986 0 0 0 Schedule J, Part I, Line 1a Travel for companions Airfare paid for spouse of a board member attending credit union conference. Funds were not treated as compensation Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) THE CREDIT UNION'S WHOLLY OWNED SUBSIDIARY, VIA FINANCIAL GROUP, SELLS NONDEPOSIT INVESTMENT AND INSURANCE PRODUCTS TO CREDIT UNION MEMBERS AND OTHERS FROM ITS MARION, INDIANA OFFICE. Form 990, Part VI, Line 6 Classes of members or stockholders Via Credit Union has one class of members (depositors). Anyone living or working in Grant, Blackford, Madison, Miami,Wells,Tipton, Howard, Wabash, Delaware, Hunington or Hamilton County in Indiana can join Via Credit Union. Family members of current members and anyone living in the same household with a member are eligible for membership. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Via Credit Union is a member-owned credit union where each member has a vote. The members elect the governing body of the organization each year at the annual meeting. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The members must approve any changes to the articles of incorporation or bylaws. Form 990, Part VI, Line 11b Review of form 990 by governing body Upon completion of the Form 990, the return is reviewed in detail by management. In addition, each member of the governing body receives a copy of the final Form 990 before it is filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Each officer, key employee and board member signs a conflict of interest policy annually. The CEO receives and reviews all Conflict of Interest forms. The CEO's conflict of interest form is reviewed by the board president. If it is determined a conflict of interest exists, restrictions are imposed on persons with a conflict. For example, if any board member discloses a conflict, that person would be excused from any deliberations and decisions made. Form 990, Part VI, Line 15a Process to establish compensation of top management official The personnel committee, comprised of board members, determines the compensation for the CEO. Human resources receives a survey from an independent consultant and this survey is used to determine compensation. Deliberation and Record of the discussion is in the committee minutes and the process was last undertaken in 2016. Form 990, Part VI, Line 15b Process to establish compensation of other employees The personnel committee, comprised of board members, determines the compensation for the officers and key employees. Human resources receives a survey from an independent consultant and this survey is used to determine compensation. Record of the discussion is in the committee minutes and the process was last undertaken in 2016. Form 990, Part VI, Line 19 Required documents available to the public The financial statements are posted each month in the lobby of each branch. In addition, the governing documents, conflict of interest policy, and financial statements are available upon request. VIA FINANCIAL GROUP LLC 4505 S ADAMS STREET MARION IN 46953 351722168 Investment and Insurance Sales IN 338828 447666 VIA CREDIT UNION