2014-04-17T14:24:17-07:00 2013-12-31 990 2013-01-01 351082578 INTERRA CREDIT UNION INTE 5745342506 PO Box 727 Goshen IN 465270727 Rex Hochstedler CFO 5745342506 2014-04-17 2013 2015-11-30 17:44:51Z Rex Hochstedler PO Box 727 Goshen IN 465270727 58562846 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 7 216 10 49843 0 0 0 23498009 25308828 3749617 3284297 0 0 27247626 28593125 0 0 3701726 3150788 8985503 9931645 0 0 0 10194215 11109279 22881444 24191712 4366182 4401413 644419074 667471650 2846573 3201375 641572501 664270275 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 26,164 in the amount of $389,012,932 and number of members served for savings was 52,991 in the amount of $588,925,740. 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 1 0 0 0 0 0 0 0 0 0 1 0 0 1 17780 0 1 216 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 1 1 1 1 1 0 0 1 1 1 1 1 0 IN X Alan Zimmerman 5745342506 300 W Lincoln Ave Goshen IN 46526 David Myers Board Chairman 1 0 X 418 0 0 Kathy Brewton Vice Chairman 1 0 X 367 0 0 Linda Garber Secretary-Treasurer 1 0 X 418 0 0 Loren Eash Board Member 1 0 X 418 0 0 Russ Rupp Board Member 1 0 X 250 0 0 Tim Yoder Board Member 1 0 X 250 0 0 Carl Stoltzfus Board Member 1 0 X 250 0 0 Crystal Hooley Supervisory Chairman 0.2 0 X 130 0 0 Darin Short Supervisory Member 0.2 0 X 130 0 0 Tony Miller Supervisory Member 0.2 0 X 222 0 0 Amy Sink President / CEO 40 0 X 32783 0 1000 Andrew Gangwer Exec. Vice President 40 0 X 196042 0 25874 Sanford Miller VP of Branch Admin 40 0 X 129016 0 24306 Rex Hochstedler CFO 40 0 X 126477 0 24290 David Birky VP of Member Development 40 0 X 116303 0 19976 Steve Warner Board Chairman / Member 1 0 X 0 0 0 Jack A Sheets President/CEO 40 0 X 92004 0 11101 695478 0 106547 4 0 1 0 PSCU Financial Services 560 Carillon Parkway St Petersburg FL 33716 credit and debit card processing 1758209 Velocity Solutions Inc 1710 Dawson Street Wilmington NC 28403 card utilization program 361416 Jack Henry & Associates PO Box 503328 St Louis MO 631503328 computer equipment and software 319359 Datamail Services Inc 747 E Whitcomb Madison Heights MI 480711409 mailings to members 220399 John M Floyd & Associates 125 N Burnet Dr Baytown TX 77520 servicing of account offerings 257881 12 0 Interest on loans 522130 17417532 17417532 0 0 Fee Income 522130 6826585 6826585 0 0 Other Income 522130 1064711 1014868 49843 0 0 0 0 0 25308828 3097533 3097533 0 0 0 0 0 0 0 0 0 0 0 0 30114641 41844 29955057 14664 159584 27180 186764 186764 0 0 0 28593125 28543282 49843 0 0 0 0 3150788 695478 0 6942805 654652 1048981 589729 1282 180095 85200 0 0 0 0 847729 3591634 0 0 1163929 0 0 164339 0 0 1369454 562521 Loan Expenses 1455013 Provision for Loan Losses 609515 ATM/Debit Card Expense 1023502 55066 24191712 0 0 0 4256887 4630425 17929038 16834162 0 0 974222 1366170 0 0 0 0 348345716 389012932 66726 62685 742114 770681 29555154 11367889 18679335 18187265 236655161 217490189 442996 687750 13959877 16035999 0 0 2367002 2393392 644419074 667471650 2079893 2473855 0 0 0 0 0 0 0 0 0 0 0 0 0 0 766680 727520 2846573 3201375 X 563328021 588925740 29160697 30590354 49083783 44754181 641572501 664270275 644419074 667471650 X 4401413 -7301358 0 0 0 25597719 X 0 1 X 1 0 2204277 0 2204277 19094540 0 4965364 14129176 0 0 0 0 8256337 0 6402525 1853812 0 0 0 0 18187265 0 Clearing Accounts 727520 727520 X 27191598 0 0 0 0 0 27191598 0 1401527 1401527 28593125 22885675 0 0 0 0 0 22885675 0 1306037 1306037 24191712 Schedule D, Part X, Line 2 Income tax in the consolidated statements of income includes Indiana franchise tax. The Credit Union is exempt, by statute, from federal income taxes except for unrelated business income. Members Financial Management Center, Inc., however, is 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 2009. Schedule D, Part XI, Line 4b Financial statements are audited as of 3/31/13. This adjusts to the 12/31/13 figures. Schedule D, Part XII, Line 4b Financial statements are audited as of 3/31/13. This adjusts to the 12/31/13 figures. X X 1 1 X X X X X 0 0 0 Andrew Gangwer Exec. Vice President 196042 0 0 0 0 0 0 0 25874 0 221916 0 0 0 Sanford Miller VP of Branch Admin 129016 0 0 0 0 0 0 0 24306 0 153322 0 0 0 Rex Hochstedler CFO 126477 0 0 0 0 0 0 0 24290 0 150767 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. Board members and Executives Board Members and Executives Mortgages and other loans X 2137103 2137103 0 1 1 2137103 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 A, Line 9 Steve Warner was a Board Member / Chairperson until March 2013 - 17580 S.R. 4, Goshen IN 46528 Jack Sheets was President / CEO until March 2013 - 1419 McCormick Dr, Nappanee IN 46550 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 compensation committee 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 $25,597,719 Members Financial Management Center Inc PO Box 727 Goshen IN 465270727 351768194 sales of financial products IN Interra Credit Union C 43062 157694 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 Members Financial Management Center Inc o 19952 % of employee time spent