2012-11-07T12:36:29-07:00 2011-12-31 990 2011-01-01 350987917 INDIANA UNIVERSITY CREDIT UNION INDI 8128557823 PO Box 368 Bloomington IN 474020368 Chris Hawk 8128557823 2012-11-07 2011 2016-02-24 21:20:13Z Bryan Price 105 E Winslow Rd Bloomington IN 47401 29782686 0 X www.iucu.org X 1956 IN State chartered credit union 11 11 236 16 236785 -73587 0 0 18880488 17842272 3830044 3502851 7505117 8437563 30215649 29782686 0 0 0 0 10798265 11418760 0 0 0 15715465 13829541 26513730 25248301 3701919 4534385 631755855 682811931 7238973 8603029 624516882 674208902 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14) 0 0 0 0 29545901 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 0 1 11574 0 1 236 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 Sue Talbot 4 X 1517 0 0 John Whikehart 2 X 0 0 0 Larry Polley 2 X 0 0 0 Tim Thrasher 2 X 980 0 0 Hannah Buxbaum 2 X 0 0 0 Bruce Jaffee 2 X 0 0 0 PA Mack Jr 2 X 0 0 0 Doris Sims 2 X 0 0 0 Scott Smart 2 X 0 0 0 Yolanda Trevino 2 X 0 0 0 Don Weaver 2 X 1385 0 0 Bryan W Price 40 X 321195 0 50386 Andrew Allard 40 X 171022 0 35343 Julie Ragsdale 40 X 144162 0 32663 Mark Weigle 40 X 132902 0 30853 David Sipes 40 X 110327 0 29277 Chris Hawk 40 X 108742 0 29230 John Miller 40 X 129702 0 31134 1121934 0 238886 7 0 1 0 Xpress Data Inc 10983 Via Frontear San Diego CA 92127 member account statement service 424209 Fiserv 75 Remittance DR-Suite 6974 Chicago IL 60675 core credit union operating software 360847 Diebold PO Box 643543 Pittsburgh PA 152643543 ATM service and security 289212 Fidelity National Information Services PO Box 18012 Ashburn VA 20146 online banking service 254526 Baugh Enterprises Inc 1611 S Rogers St Bloomington IN 47403 printing and promotional materials 197646 11 0 Loan interest income 522130 17842272 17842272 0 0 17842272 3017123 3017123 0 0 0 0 0 0 0 0 0 0 4200 0 0 0 4200 0 4200 0 4200 0 0 485728 0 0 0 485728 485728 485728 0 0 Debit and Visa interch inc 522130 3414663 3414663 0 0 Overdraft and return fee inc 522130 3204498 3204498 0 0 Account transfer fees 522130 412212 412212 0 0 1401990 1169405 232585 0 8433363 29782686 29545901 236785 0 0 0 0 0 1360820 0 6839245 603913 2003541 611241 0 86352 157174 0 0 0 0 678212 1251339 1420369 0 991412 130960 0 123949 2724267 0 917815 75021 ATM debit and Visa card exp 1787841 Corporate CU stabilization exp 1406270 Provision for loan losses 331763 Other real estate owned exp 329758 1417039 25248301 0 0 0 6380711 6200140 61291834 61663236 0 0 2368467 2410664 403015 1118807 0 0 350602446 364332788 0 0 465002 587634 22868729 12445643 10240941 10423086 191506726 226791581 1851000 2421700 0 0 0 0 6645713 6862295 631755855 682811931 569072 1071932 0 0 0 0 0 0 0 0 0 0 2862511 2850716 0 0 3807390 4680381 7238973 8603029 X 545002560 589045466 19489023 22186956 60025299 62976480 624516882 674208902 631755855 682811931 X 4534385 45157635 X 0 1 1 X 0 2516071 0 2516071 11216540 0 5668309 5548231 1291756 0 875675 416081 7844362 0 5901659 1942703 0 0 0 0 10423086 0 Accrued salary and benefit expense 2402604 Other liabilities 2277777 4680381 29782686 25248301 4534385 0 0 0 0 0 0 4534385 29710677 0 0 0 0 0 29710677 0 72009 72009 29782686 25176292 0 0 0 0 0 25176292 0 72009 72009 25248301 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_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 $72,009 were eliminated in the 2011 audited financial statements. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Inter-company fees and expenses paid on behalf of the Credit Union's wholly-owned CUSO totaling $72,009 were eliminated in the 2011 audited financial statements. X 1 1 X X X X 0 0 0 Bryan W Price 321195 0 0 0 0 0 32454 0 17932 0 371581 0 0 0 Andrew Allard 171022 0 0 0 0 0 17411 0 17932 0 206365 0 0 0 Julie Ragsdale 144162 0 0 0 0 0 14731 0 17932 0 176825 0 0 0 Mark Weigle 132902 0 0 0 0 0 13474 0 17379 0 163755 0 0 0 John Miller 129702 0 0 0 0 0 13202 0 17932 0 160836 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 X 1496597 1118507 0 1 1 1118507 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. This 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_L05 Form 990, Part XI, Line 5 Net assets increased over 2010 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 3906 210649 1 1 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, 2012.