2014-09-02T19:00:09-05:00 2013-12-31 CROWE HORWATH LLP 3815 RIVER CROSSING PARKWAY SUITE 300 INDIANAPOLIS IN 462400977 990 2013-01-01 350884006 VIA CREDIT UNION VIAC 7656746631 4505 S Adams St Marion IN 46953 LORI FIENE CFO 2014-09-02 true Rachel Spurlock P00520729 3175698989 2013 2015-11-30 17:44:51Z JOHN MCINTYRE 4505 S Adams St Marion IN 46953 12358097 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. 11 10 92 13 0 0 0 0 10539371 10539862 2135478 1784230 35899 34005 12710748 12358097 6000 6000 0 0 4084280 4176764 0 0 0 6628782 6356418 10719062 10539182 1991686 1818915 286587795 298327172 254182943 264103404 32404852 34223768 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 TRADITIONAL FOR-PROFIT BANKING SYSTEM. THE CREDIT UNION RECEIVES DEPOSITS FROM AND MAKES LOANS TO ITS MEMBERS PRIMARILY LOCATED IN THE INDIANA COUNTIES OF BLACKFORD, GRANT, 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, 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 AND CREDIT CARD LOANS AT COMPETITIVE LOAN RATES, FLEXIBLE TERMS AND AUTOMATIC PAYMENT OPTIONS. THE CREDIT UNION'S SUPPORTING ORGANIZATION, VIA FINANCIAL GROUP, SELLS NONDEPOSIT INVESTMENT AND INSURANCE PRODUCTS TO CREDIT UNION MEMBERS AND OTHERS FROM ITS MARION, INDIANA OFFICE. false false false false false false false false false true false false false true true 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 false true 8874 0 true 92 true true true false false false false false X 11 10 false false true 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 CLYDE THORNELL CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 FRANCES PACK SECRETARY OF THE BOARD 1.00 X X 0 0 0 JOHN MCINTYRE CEO 44.00 X X 181459 0 33880 VERLIS SLUSHER VICE CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 DELEANE SOLOMAN BOARD MEMBER 1.00 X 0 0 0 GREG MAURER BOARD MEMBER 1.00 X 0 0 0 HERB MORGAN BOARD MEMBER 1.00 X 0 0 0 JACK SHAFFNER BOARD MEMBER 1.00 X 0 0 0 JOHN LIGHTLE BOARD MEMBER 1.00 X 0 0 0 ROGER ROTH BOARD MEMBER 1.00 X 0 0 0 TIMOTHY MITCHENER BOARD MEMBER 1.00 X 0 0 0 LORI FIENE CFO 43.00 X 81176 0 24256 262635 0 58136 1 false true false ANTHEM BLUE CROSS AND BLUE SHIELD PO BOX 105113 ATLANTA GA 303485113 INSURANCE 484783 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SYMITAR IN HOUSE COMPUTER SERVICE 322660 APPRAISER VENDOR LLC 3195 W FAIRVIEW RD SUITE C GREENWOOD IN 46142 LOAN APPRAISALS 119805 3 0 INTEREST ON LOANS 522100 7246365 7246365 SERVICE CHARGES AND FEES 522100 1892361 1892361 INTERCHANGE INCOME 522100 1024139 1024139 INSURANCE AND INVESTMENT PRODUCTS INCOME 524298 376997 376997 0 0 0 0 0 10539862 1784230 1784230 0 0 815 815 0 815 815 0 0 0 0 0 0 0 0 0 33190 33190 0 0 33190 12358097 10573052 0 1785045 6000 0 320771 0 2912019 234559 477401 232014 2598 39600 0 45771 0 354776 561985 228155 500638 69698 1824907 528731 97231 PROVISION FOR LOAN LOSS 530544 NCUSIF PREMIUM ASSESSMENT 197543 LOAN SERVICING & COLLECTION 626479 NETWORK FEES 442234 305528 10539182 0 0 0 2766548 3755761 13751493 21440939 0 0 0 0 121939246 132802015 570698 453819 12167216 5688139 6646534 6479077 137782261 130250924 0 0 0 0 172723 122836 2958292 3021801 286587795 298327172 1804903 1774088 0 0 252378040 262329316 254182943 264103404 X 32404852 34223768 32404852 34223768 286587795 298327172 1818915 0 X false true X true false 1222631 1222631 6874826 2423841 4450985 0 4069759 3264298 805461 0 6479077 0 MEMBERS' DEPOSITS 262329316 262329316 X Schedule D, Part X, Line 2, FIN 48 (ASC 740) footnote THE CREDIT UNION IS STATE CHARTERED AND IS SUBJECT TO STATE FRANCHISE TAX. THE FRANCHISE TAX RATE IS 8.5% BASED ON NET INCOME LESS TRANSFERS TO RESTRICTED RETAINED EARNINGS FOR THE YEAR. THERE WAS $87,805 AND $180,954 OF TAX EXPENSE INCLUDED IN OTHER EXPENSE ON THE INCOME STATEMENT FOR THE PERIOD ENDED DECEMBER 31, 2013 AND 2012, RESPECTIVELY. THE CREDIT UNION IS EXEMPT FROM FEDERAL INCOME TAX, BUT IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON CERTAIN TAXABLE INCOME FROM ACTIVITIES DEEMED UNRELATED TO THE CREDIT UNION'S NON-TAXABLE STATUS. UNRELATED BUSINESS INCOME TAX WAS $0 FOR THE PERIODS ENDED DECEMBER 31, 2013 AND 2012. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE EFFECT OF ADOPTING THIS NEW GUIDANCE WAS NOT SIGNIFICANT TO THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. true SCHOLARSHIPS 6 6000 0 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. 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 X X false false false JOHN MCINTYRE CEO 181159 0 300 0 0 0 16380 0 17500 0 215339 0 0 0 Form 990, Part VI, Sec A, Line 4, Significant changes to organizational documents ADDED 7 NEW COUNTIES TO FIELD OF MEMBERSHIP Form 990, Part VI, Sec A, Line 6, Classes of members or stockholders VIA CREDIT UNION HAS ONE CLASS OF MEMBERS. 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, Sec A, 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, Sec A, 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, Sec B, 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, Sec B, 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 ANY BOARD MEMBER DISCLOSES A CONFLICT, THAT PERSON WOULD BE EXCUSED FROM ANY DELIBERATIONS AND DECISIONS MADE. Form 990, Part VI, Sec B, Line 15a, Process to establish compensation of top management official THE PERSONNEL COMMITTEE, COMPRISED OF BOARD MEMBERS, DETERMINES THE COMPENSATION FOR OFFICERS. 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 2013. Form 990, Part VI, Sec B, 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 2013. Form 990, Part VI, Sec C, 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 CREDIT UNION IN 356463 186816 VIA CREDIT UNION