2011-08-02T14:35:06-07:00 2010-12-31 990 2010-01-01 351082578 INTERRA CREDIT UNION INTE 5745342506 PO Box 727 Goshen IN 465270727 Rex Hochstedler 5745342506 2011-06-10 2010 2016-03-07 17:11:31Z Rex Hochstedler PO Box 727 Goshen IN 465270727 48853227 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 7 199 10 31225 -5856 0 0 22561793 23012270 4214612 4099136 0 0 26776405 27111406 0 0 6836570 5746356 7952245 8878494 0 0 0 10984562 8792494 25773377 23417344 1003028 3694062 502232345 540695941 2144774 1926838 500087571 538769103 cooperative financial institution with a mission to be our members' most trusted and valued financial resource 0 0 0 0 0 number served for loans was 20,864 in the amount of $321,752,983 and number served for savings was 46,541 in the amount of $470,059,326 0 0 - 0 0 - 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 0 1 14886 0 1 199 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 IN X Erin Wilson 5745342506 300 W Lincoln Ave Goshen IN 46526 Steve Warner 1.0 X 0 0 0 Richard Snider 1 X 0 0 0 Kathy Brewton 1 X 0 0 0 Linda Garber 1 X 0 0 0 Loren Eash 1 X 0 0 0 David Myers 1 X 0 0 0 Russ Rupp 1.0 X 0 0 0 Darin Short 1 X 0 0 0 Crystal Hooley 0.2 X 0 0 0 Tony Miller 0.2 X 0 0 0 Jack A Sheets 40.0 X X X 219787 0 27340 Andrew Gangwer 40.0 X X 118462 0 16802 Sanford Miller 40.0 X X 103264 0 20380 Rex Hochstedler 40.0 X X 105121 0 20318 546634 0 84840 4 0 1 0 PSCU Financial Services 560 Carillon Parkway St Petersburg FL 33716 credit and debit card processin 1018789 Jack Henry & Associates PO Box 503328 St Louis MO 631503328 computer equipment and software 360762 Maple Tronics Computers Inc PO Box 136 Goshen IN 465270136 computer maintenance 250931 Datamail Services Inc 747 E Whitcomb Madison Heights MI 480711409 mailings to members 242640 Greenfield Landscape Services Inc 2523 Messick Dr Goshen IN 46526 landscaping and property maintenance 153738 6 0 interest on loans 522130 18219279 18219279 0 0 fee income 522130 4353733 4353733 0 0 other income 522130 439258 408033 31225 0 0 0 0 0 23012270 3648828 3648828 0 0 0 0 0 0 0 0 0 0 0 0 22132498 59631 21666809 75012 465689 -15381 450308 450308 0 0 0 27111406 27080181 31225 0 0 0 0 5746356 546634 6141805 0 598255 1098060 493740 130652 46081 103000 0 0 0 0 690041 2175928 0 0 1213421 0 0 120001 0 0 1199055 820116 loan expenses 743593 allowance for loan loss 759848 ATM/debit card expense 709349 misc expense 81409 23417344 0 0 0 5151610 5475824 20119755 31509872 0 0 179429 159978 0 0 0 0 314575912 321752983 48152 77093 331633 363979 27831059 8651401 19050825 19179658 103958356 145870005 30997000 9250000 5344884 4769345 0 0 2474789 2287204 502232345 540695941 1822669 1635882 322105 290956 2144774 1926838 X 435527979 470059326 25125105 26480675 39434487 42229102 500087571 538769103 502232345 540695941 X 3694062 34987470 X 0 1 1 X 0 2054277 0 2054277 18279133 0 3143248 15135885 0 0 0 0 7497649 0 5508153 1989496 0 0 0 0 19179658 0 clearing accounts 290956 290956 27111406 23417344 3694062 0 0 0 0 0 0 3694062 27101236 0 0 0 0 0 27101236 0 10170 10170 27111406 23249281 0 0 0 0 0 23249281 0 168063 168063 23417344 SchD_P10_S00_L02 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. Members Financial Management Center Inc., however, is subject to federal income taxes. The credit union and Members Financial Management 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 years before 2007. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Financial statements are audited as of 3/31/11. This adjusts to the 12/31/10 figures. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial statements are audited as of 3/31/11. This adjusts to the 12/31/10 figures. X X 1 1 X X X X 0 0 0 Jack A Sheets 219787 0 0 0 0 0 0 0 27340 0 247127 0 0 SchJ_P01_S00_L01a 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 executive staff X 2249913 2249913 0 1 1 2249913 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Interra Credit Union is owned by its members. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Board members and supervisory committee members are elected by the credit union's members. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b When required by state law or our by-laws, members do vote to approve decisions of the board of directors. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a Form 990 is reviewed by the credit union's CFO. A copy is provided to all board members prior to filing. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation committee reviews recommendations from an independent consultant and industry comparisions to determine appropriate compensation. F990_P06_S0C_L19 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. F990_P11_S00_L05 Form 990, Part XI, Line 5 increase in members' deposits $34,531,572 change in investment market value $455,898 Members Financial Management Center Inc PO Box 727 Goshen IN 465270727 351768194 sales of financial products IN Interra Credit Union C 55382 348626 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 Members Financial Management Center Inc n 11728 % of employee time spent