2013-11-11T13:08:34-07:00 2012-12-31 990 2012-01-01 350987917 INDIANA UNIVERSITY CREDIT UNION INDI 8128557823 PO Box 368 Bloomington IN 474020368 Chris Hawk 8128557823 2013-11-11 2012 2016-02-24 21:20:13Z Bryan Price 105 E Winslow Rd Bloomington IN 47401 29435857 0 X www.iucu.org X 1956 IN State chartered credit union 11 11 232 15 231835 -90116 0 0 17842272 17569070 3502851 3195713 8437563 8671074 29782686 29435857 0 0 0 0 11418760 11519540 0 0 0 13829541 12780145 25248301 24299685 4534385 5136172 682811931 726238204 8603029 8966099 674208902 717272105 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14) 0 0 0 0 29204022 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 9569 0 1 232 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 1 1 1 IN X Chris Hawk 8128557823 105 E Winslow Rd Bloomington IN 47401 John Whikehart 4 X 1512 0 0 Don Weaver 2 X 0 0 0 Doris Sims 2 X 0 0 0 Bruce Jaffee 2 X 0 0 0 Sue Talbot 2 X 1094 0 0 PA Mack Jr 2 X 0 0 0 Larry Polley 2 X 0 0 0 Scott Smart 2 X 0 0 0 Emily Springston 2 X 0 0 0 Kerry Thomson 2 X 0 0 0 Tim Thrasher 2 X 1421 0 0 Bryan W Price 40 X 352515 0 57272 Andrew Allard 40 X 186977 0 40698 Julie Ragsdale 40 X 158152 0 37822 Mark Weigle 40 X 145510 0 29046 David Sipes 40 X 118906 0 33889 Chris Hawk 40 X 117586 0 33863 John Miller 40 X 139922 0 30005 Sarah Rogers 40 X 38898 0 2252 1262493 0 264847 7 0 1 0 Jack Henry & Associates Inc A/R PO Box 609 Monett MO 65708 core operating software 1971974 Fidelity National Information Services PO Box 18012 Ashburn VA 20146 online banking service 574807 Xpress Data Inc 10983 Via Frontear San Diego CA 92127 member account statement service 424078 Fiserv 75 Remittance DR-Suite 6974 Chicago IL 60675 core operating software 386060 Diebold PO Box 643543 Pittsburgh PA 152643543 ATM service and security 302931 17 0 Loan interest income 522130 17569070 17569070 0 0 0 0 0 0 17569070 2720355 2720355 0 0 0 0 0 0 0 0 0 0 4200 0 0 0 4200 0 4200 0 4200 0 0 475358 0 0 0 475358 475358 475358 0 0 Debit and Visa interch inc 522130 3687932 3687932 0 0 Overdraft and return fee income 522130 3187616 3187616 0 0 Account transfer fees 522130 429633 429633 0 0 1361693 1134058 227635 0 8666874 29435857 29204022 231835 0 0 0 0 0 1527340 0 6964860 645016 1754045 628279 0 84715 156185 0 0 0 0 665416 1261990 1754409 0 919324 120342 0 47577 1819372 0 987504 98945 ATM debit and Visa card exp 2048161 Corporate CU stabilization exp 580785 Provision for loan losses 519309 Statement processing 316873 1399238 24299685 0 0 0 6200140 5909418 61663236 75448851 0 0 2410664 2097329 1118807 1083321 0 0 364332788 418656682 0 0 587634 377147 24000981 11847898 10423086 12153083 226791581 201182792 2421700 2672500 0 0 0 0 6862295 6657081 682811931 726238204 1071932 2204902 0 0 0 0 0 0 0 0 0 0 2850716 2838038 0 4680381 3923159 8603029 8966099 X 589045466 626131494 22186956 24940716 62976480 66199895 674208902 717272105 682811931 726238204 X 5136172 3440283 0 0 0 34486748 X 0 1 X 1 0 2605957 0 2605957 11375399 0 5887664 5487735 1286298 0 927824 358474 8733327 0 5032410 3700917 0 0 0 0 12153083 0 Accrued salary and benefit expense 2659520 Other liabilities 1263639 3923159 X 29359332 0 0 0 0 0 29359332 0 76525 76525 29435857 24223160 0 0 0 0 0 24223160 0 76525 76525 24299685 SchD_P10_S00_L02 Schedule D, Part X, Line 2 Management has evaluated our income tax positions under the guidance included in ASC740. Based on our review, management has not identified any material, uncertain tax positions to be recorded or disclosed in the financial statements. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Inter-company fees and expenses paid on behalf of the Credit Union's wholly-owned CUSO totaling $76,525 were eliminated in the 2012 audited financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Inter-company fees and expenses paid on behalf of the Credit Union's wholly-owned CUSO totaling $76,525 were eliminated in the 2012 audited financial statements. X 1 1 X X X X 0 0 0 Bryan W Price 340961 0 11554 0 0 0 35598 0 21674 0 409787 0 0 0 Andrew Allard 180779 0 6198 0 0 0 19024 0 21674 0 227675 0 0 0 Julie Ragsdale 152908 0 5244 0 0 0 16148 0 21674 0 195974 0 0 0 Mark Weigle 140713 0 4797 0 0 0 14796 0 14250 0 174556 0 0 0 David Sipes 114867 0 4039 0 0 0 12215 0 21674 0 152795 0 0 0 Chris Hawk 113564 0 4022 0 0 0 12189 0 21674 0 151449 0 0 0 John Miller 135222 0 4700 0 0 0 14114 0 15891 0 169927 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The Credit Union pays for Board member companion travel within specified policy limits. Loans to Directors and Executives Loans to Directors and Executives X 1495730 1083321 0 1 1 1083321 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The Credit Union has member-owners based on membership requirements. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The Credit Union has a nomination and election process for selecting directors to the Board. The process is based on written Board policy. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The forms 990, 990T and supporting schedules are prepared by the Accounting Department and VP of Finance. The forms are reviewed by the Credit Union's external audit partner, Credit Union CEO and management. The forms are presented to the Board for review and comment prior to submission. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All parties are required to report a conflict as soon as a conflict arises and we seek an annual signed acknowledgement of these policies from all parties. Each policy contains examples of potential conflicts. If the volunteer or staff members are unsure whether a conflict exists, they are directed to the appropriate resource for guidance. If a conflict exists for a volunteer with a board vote, that volunteer will abstain from voting. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board of Directors is responsible for reviewing and establishing CEO compensation. The CEO and VP, CAO establish officer and key employee salary levels. Recent national and regional bank and credit union salary surveys are reviewed by the Board, CEO, and VP, CAO. These surveys take into consideration total compensation, job duties, asset size, experience, tenure, education and geographic differentials. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Financial statements are posted in branch locations and quarterly Credit Union call reports are available on the NCUA website. Governing documents and conflict of interest policies are available upon request. F990_P11_S00_L09 Form 990, Part XI, Line 9 Net assets increased over 2011 as Credit Union members increased their deposits which were subsequently invested or lent to other Credit Union members. IU Credit Union Business Services LLC 105 E Winslow Rd Bloomington IN 47401 272005414 Small business lending IN 0 100000 Indiana University Credit Union IU Credit Union Investment Services Inc 105 E Winslow Rd Bloomington IN 47401 351958766 Member investment services IN Indiana University Credit Union S 5307 221085 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 The Credit Union's application for extension of time to file our 990 was approved. Thank you. The extended due date is November 15, 2013.