2016-08-12T08:20:49-07:00 2015-12-31 990 2015-01-01 351082578 INTERRA CREDIT UNION INTE 5745342506 PO Box 727 Goshen IN 465270727 Rex Hochstedler CFO 5745342506 2016-08-12 2015 2016-12-15 16:53:06Z Rex Hochstedler PO Box 727 Goshen IN 465270727 128387717 0 X www.interracu.com X 1932 IN cooperative financial institution with a mission to be our members' most trusted and valued financial resource 7 7 269 10 73047 0 0 0 27855947 34982068 3281078 2330948 0 0 31137025 37313016 0 0 3058871 3264550 11431502 13385760 0 0 0 12126981 15504290 26617354 32154600 4519671 5158416 720036886 803396066 3962948 4242632 716073938 799153434 cooperative financial institution with a mission to be our members' most trusted and valued financial resource 0 0 Number of members served for loans was 37,563 in the amount of $607,186,382 and number of members served for savings was 63,694 in the amount of $709,576,367. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 19453 0 1 269 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 1 1 1 1 1 0 X Alan Zimmerman 5745342506 300 W Lincoln Ave Goshen IN 46526 Kathy Brewton Board Chairman 2 0 X 358 0 0 Tim Yoder Board Vice-Chairman 1 0 X 358 0 0 Loren Eash Board Secretary / Treasurer 1 0 X 412 0 0 Carl Stoltzfus Board Assistant Secretary / Treasurer 1 0 X 1412 0 0 Linda Garber Board Member 1 0 X 412 0 0 Bruce Stahly Board Member 1 0 X 358 0 0 David Eby Board Member 1 0 X 358 0 0 Crystal Hooley Supervisory Chairman 0.20 0 X 158 0 0 Darin Short Supervisory Member 0.2 0 X 158 0 0 Tony Miller Supervisory Member 0.20 0 X 158 0 0 Amy Sink President / CEO 40 0 X 334064 0 86712 Andrew Gangwer Chief Administrative Officer 40 0 X 177647 0 23848 Rex Hochstedler Chief Financial Officer 40 0 X 169502 0 29408 David Birky Chief Strategy Officer 40 0 X 172751 0 24300 Phil Wiens Chief Operating Officer 40 0 X 142348 0 21804 Andy Marshall Chief Lending Officer 40 0 X 171285 0 23086 1171739 0 209158 9 0 1 0 PSCU Financial Services 560 Carillon Parkway St Petersburg FL 33716 credit and debit card processing 2023391 Velocity Solutions Inc 1710 Dawson Street Wilmington NC 28403 card utilization program 452498 DJ Construction Co Inc 3414 Elkhart Rd Goshen IN 46526 construction / remodeling 448737 John M Floyd & Associates 125 N Burnet Drive Baytown TX 77520 Service of account offerings 425000 Jack Henry & Associates PO Box 503328 St Louis MO 631503328 computer equipment and software 387847 21 0 Interest on Loans 522130 24553544 24553544 0 0 Fee Income 522130 8936302 8936302 0 0 Other Income 522130 1492222 1419175 73047 0 0 0 0 0 34982068 1927619 1927619 0 0 0 0 0 0 0 0 0 0 0 0 91320239 157791 91059443 15258 260796 142533 403329 403329 0 0 0 37313016 37239969 73047 0 0 0 0 3264550 1171739 0 9272531 818395 1383139 739956 84 269336 110175 0 0 0 0 878630 4983055 0 0 1218962 0 0 241137 0 0 1523437 143201 Loan Expenses 3078307 ALL - Provisions 1513064 ATM/Debit Card Expense 1252535 Miscellaneous 292367 32154600 0 0 0 5267759 6156496 8246400 41157278 0 0 1033400 1043712 0 0 0 0 465609757 607186382 63767 53547 1468093 3166057 32680268 12717578 19140613 19962690 199509397 99935973 717920 757514 16575924 21559399 0 0 2403856 2417018 720036886 803396066 3396541 3709417 0 0 0 0 0 0 0 0 0 0 0 0 0 0 566407 533215 3962948 4242632 X 632090935 709576367 32566160 36296747 51416843 53280320 716073938 799153434 720036886 803396066 X 5158416 435648 0 0 0 77485432 X 0 1 X 1 0 2431650 0 2431650 21558273 0 6275258 15283015 0 0 0 0 8690345 0 6442320 2248025 0 0 0 0 19962690 Clearing Accounts 533215 533215 X 32315560 0 0 0 0 0 32315560 0 4997456 4997456 37313016 28010875 0 0 0 0 0 28010875 0 4143725 4143725 32154600 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. 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 2012. Schedule D, Part XI, Line 4b Financial Statements are audited as of 3/31/15. This adjusts to the 12/31/15 figures. Schedule D, Part XII, Line 4b Financial statements are audited as of 3/31/15. This adjusts to the 12/31/15 figures. X X 1 1 X X X X X 0 1 0 Andy Marshall Chief Lending Officer 171285 0 0 0 0 0 0 0 23086 0 194371 0 0 0 Amy Sink President / CEO 334064 0 0 0 0 0 53303 0 33409 0 420776 0 0 0 Andrew Gangwer Chief Administrative Officer 177647 0 0 0 0 0 0 0 23848 0 201495 0 0 0 Rex Hochstedler Chief Financial Officer 169502 0 0 0 0 0 0 0 29408 0 198910 0 0 0 Phil Wiens Chief Operating Officer 142348 0 0 0 0 0 0 0 21804 0 164152 0 0 0 David Birky Chief Strategy Officer 172751 0 0 0 0 0 0 0 24300 0 197051 0 0 0 Schedule J, Part I, Line 1a The credit union pays for board member, board spouse, and employee business travel expenses and club dues per our written policy. Schedule J, Part I, Line 4 CEO has a nonqualified SERP plan that pays out upon retirement and has substantial risk of forfeiture. Form 990, Part VI, Section A, Line 6 Interra Credit Union is owned by its members Form 990, Part VI, Section A, Line 7a 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 by-laws, 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 CFO, a copy is provided to all board members for review prior to filing. Form 990, Part VI, Section B, Line 15 The board reviews recommendations from an independent consultant and industry comparisons to determine appropriate compensation. 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 are available upon request. Form 990, Part XI, Line 9 Increase in Members Deposits $77,485,432 Members Financial Management Center Inc PO Box 727 Goshen IN 465270727 351768194 sales of financial products IN Interra Credit Union C 35933 198688 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0