DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND (EIN 35-0885381)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-05-13
IRS object ID: 202441349349305234
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-13T13:35:20+00:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	440160260	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	FORVIS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	201 N Illinois Street Suite 700	AddressLine1Txt
City	Indianapolis	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46204	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	350885381	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Centra Credit Union	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CENT	BusinessNameControlTxt
Phone	8123140273	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3801 TUPELO DRIVE PO BOX 789	AddressLine1Txt
City	COLUMBUS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47201	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Sarah Stair	PersonNm
Person Title	VP Accounting	PersonTitleTxt
Phone	8123140282	PhoneNum
Signature	2024-05-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Sarah	PersonFirstNm
Person Last	Stair	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Michael J Summers	PreparerPersonNm
PTIN	P00838533	PTIN
Phone	3173834000	PhoneNum
Preparation	2024-05-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RICK SILVERS	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3801 TUPELO DRIVE PO BOX 789	AddressLine1Txt
City	COLUMBUS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47201	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$125,422,457	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CENTRA.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1997	FormationYr
Legal Domicile State	IN	LegalDomicileStateCd
Activity Or Mission	STATE CHARTERED AND FEDERALLY INSURED CREDIT UNION WHICH GRANTS CONSUMER LOANS INCLUDING CREDIT CARDS, MORTGAGE LOANS, AND BUSINESS LOANS TO ITS MEMBERS.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	0	VotingMembersIndependentCnt
Total Employee	495	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$387,775	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$93,694,103	PYProgramServiceRevenueAmt
CY Program Service Revenue	$119,281,464	CYProgramServiceRevenueAmt
PY Investment Income	$5,266,053	PYInvestmentIncomeAmt
CY Investment Income	$6,140,993	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$98,960,156	PYTotalRevenueAmt
CY Total Revenue	$125,422,457	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$28,269,184	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$30,707,986	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$55,847,987	PYOtherExpensesAmt
CY Other Expenses	$85,536,139	CYOtherExpensesAmt
PY Total Expenses	$84,117,171	PYTotalExpensesAmt
CY Total Expenses	$116,244,125	CYTotalExpensesAmt
PY Revenues Less Expenses	$14,842,985	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$9,178,332	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,045,720,209	TotalAssetsBOYAmt
Total Assets EOY	$2,076,967,433	TotalAssetsEOYAmt
Total Liabilities BOY	$1,829,709,487	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,856,835,053	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$216,010,722	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$220,132,380	NetAssetsOrFundBalancesEOYAmt
Mission	STATE CHARTERED AND FEDERALLY INSURED CREDIT UNION WHICH GRANTS CONSUMER LOANS INCLUDING CREDIT CARDS AND OPEN-END CREDIT, MORTGAGE LOANS AND BUSINESS LOANS TO ITS MEMBERS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	CREDIT UNION PROGRAMS. ALL ACTIVITIES ARE STATE CHARTERED CREDIT UNION ACTIVITIES WHICH ARE EXEMPT UNDER SECTION 501(C)(14)	Desc
Total Program Service Expenses	$0	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	124341	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	495	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	0	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	Yes (true)	LocalChaptersInd
Policies Reference Chapters	Yes (true)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SAMANTHA STIGDON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8123140273	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3801 TUPELO DRIVE PO BOX 789	AddressLine1Txt
City	COLUMBUS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47201	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
Chip Orben
DIRECTOR	2.0	Yes (X)	$11,312	$0	$0
DONALD JACKSON
VICE CHAIR	2.0	Yes (X)	$11,312	$0	$0
JIM BICKEL
BOARD CHAIR	1.3	Yes (X)	$14,784	$0	$0
JOSEPH BROWN
SECRETARY/TREASURER	2.1	Yes (X)	$10,752	$0	$0
KESAVAN VENUGOPAL
DIRECTOR	1.6	Yes (X)	$10,752	$0	$0
KEVINA SCHUMAKER
DIRECTOR	1.9	Yes (X)	$10,752	$0	$0
MARY STROH
DIRECTOR	2.1	Yes (X)	$12,432	$0	$0
RANDY PROFITT
DIRECTOR	2.0	Yes (X)	$12,432	$0	$0
BRAD DAVIS
CHIEF GROWTH OFFICER	45.0		$272,924	$0	$28,245	Yes (X)
DAVID MANN
CHIEF FINANCIAL OFFICER	45.0		$346,049	$0	$22,759	Yes (X)
PATRICIA KNORR
CHIEF DEVELOPMENT OFFICER	45.0		$283,123	$0	$31,104	Yes (X)
PAUL ADRIAN
CHIEF INFORMATION OFFICER	45.0		$252,455	$0	$17,341	Yes (X)
RICK SILVERS
CEO	45.0		$688,817	$0	$46,091	Yes (X)
Swaminathan Seetharaman
CHIEF EXPERIENCE OFFICER	45.0		$178,962	$0	$28,785	Yes (X)
Brent Parks
SVP TECHNOLOGY	45.0		$178,683	$0	$33,318		Yes (X)
Carl Fry
SVP FINANCE	45.0		$171,616	$0	$17,690		Yes (X)
DOUG SHARKEY
SVP MORTGAGE LOAN DELIVERY	45.0		$206,424	$0	$12,173		Yes (X)
KARL KISSINGER
SVP BUSINESS SERVICES	45.0		$189,208	$0	$41,971		Yes (X)
MELISSA JEWELL
SVP TEAM MEMBER EXPERIENCE	45.0		$185,054	$0	$17,207		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,047,843	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$296,684	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	34	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
FISERV
PO BOX 934057	ATLANTA	GA	31193	SOFTWARE	$4,615,617
MASTERCARD
100 MANHATTANVILLE ROAD	PURCHASE	NY	10577	CREDIT PROCESSOR	$2,070,233
QSI INC
107 SCHULER DRIVE	BARDSTOWN	KY	40004	STORAGE	$1,751,164
PSCU FINANCIAL SERVICES
560 CARILLON PARKWAY	ST PETERSBURG	FL	33716	CREDIT PROCESSOR	$1,115,789
Converge One
10900 NESBITT AVE S	BLOOMINGTON	MN	55437	INTERNET TECHNOLOGY	$868,925

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	46	CntrctRcvdGreaterThan100KCnt
Total Contributions	$0	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST - LOANS	522100	$86,212,757	$86,212,757
SERVICE & MEMBER FEES	522100	$11,631,045	$11,243,270	$387,775
CREDIT CARD INCOME	522200	$10,874,592	$10,874,592
INSURANCE COMMISSIONS	524113	$2,651,222	$2,651,222
INT BEARING DEPOSITS	522100	$4,156,991	$4,156,991

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,754,857	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,754,857	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$119,281,464	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,980,389	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,980,389	RelatedOrExemptFuncIncomeAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$160,604	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$160,604	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$160,604	TotalRevenueColumnAmt
Related Or Exempt Func Income	$160,604	RelatedOrExemptFuncIncomeAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$125,422,457	TotalRevenueColumnAmt
Related Or Exempt Func Income	$125,034,682	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$387,775	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,321,423	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$22,977,681	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$666,730	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,137,820	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,604,332	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$132,440	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$281,618	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,174,018	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,224,571	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$5,674,358	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,603,776	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$24,347	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$287,154	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$30,056,562	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,886,614	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$381,355	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
BAD DEBT EXPENSE	$14,036,807
COLLECTIONS	$1,166,954
LOAN SERVICING EXPENSE	$3,142,384
OUTSIDE SERVICES	$3,966,111

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$15,497,070	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$116,244,125	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$21,423,824	BOYAmt
EOY	$14,457,424	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$85,700,402	BOYAmt
EOY	$148,294,692	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$10,604,226	BOYAmt
EOY	$10,795,623	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,596,769,559	BOYAmt
EOY	$1,598,511,662	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$69,446,432	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$25,097,907	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$42,613,325	BOYAmt
EOY	$44,348,525	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$251,000,325	BOYAmt
EOY	$222,288,288	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$37,608,548	BOYAmt
EOY	$38,271,219	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,045,720,209	BOYAmt
EOY	$2,076,967,433	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$2,164,132	BOYAmt
EOY	$2,324,283	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,827,545,355	BOYAmt
EOY	$1,854,510,770	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,829,709,487	BOYAmt
EOY	$1,856,835,053	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$216,010,722	BOYAmt
EOY	$220,132,380	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$216,010,722	BOYAmt
EOY	$220,132,380	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,045,720,209	BOYAmt
EOY	$2,076,967,433	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$9,178,332	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$1,903,362	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$6,960,036	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,749,071	OtherCostOrOtherBasisAmt
Book Value	$3,749,071	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$40,293,784	OtherCostOrOtherBasisAmt
Depreciation	$10,708,456	DepreciationAmt
Book Value	$29,585,328	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,781,922	OtherCostOrOtherBasisAmt
Depreciation	$1,775,859	DepreciationAmt
Book Value	$1,006,063	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$22,198,353	OtherCostOrOtherBasisAmt
Depreciation	$12,613,592	DepreciationAmt
Book Value	$9,584,761	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$423,302	OtherCostOrOtherBasisAmt
Book Value	$423,302	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$44,348,525	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
AVAILABLE FOR SALE SECURITIES	$219,698,513	F
HELD TO MATURITY SECURITIES	$2,589,775	C

Field	Value	IRS element (for citing)
Total Book Value Securities	$222,288,288	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
MEMBERS' DEPOSITS	$1,754,738,353
FHLB ADVANCES	$66,000,000
OTHER LIABILITIES	$33,772,417

Field	Value	IRS element (for citing)
Total Liability	$1,854,510,770	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$80,766,999	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$1,903,362	NetUnrealizedGainsInvstAmt
Other Revenue	$0	OtherRevenueAmt
Revenue Not Reported	$1,903,362	RevenueNotReportedAmt
Revenue Subtotal	$78,863,637	RevenueSubtotalAmt
Other Revenues Not Included	$46,558,820	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$46,558,820	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$125,422,457	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$69,685,305	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$69,685,305	ExpensesSubtotalAmt
Other Expenses Not Included	$46,558,820	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$46,558,820	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$116,244,125	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part X, Line 2 ASC 740 DISCLOSURE:	MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
Schedule D, Part IV, Line 2b Explanation of escrow agreement	ESCROW ACCOUNT: CENTRA CREDIT UNION ACTS AS A THIRD PARTY TRUSTEE THAT RECEIVES AND DISBURSES FUNDS TO PAY OBLIGATIONS OF ACCOUNT HOLDERS.
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Interest Expense - 31638715 Loan Losses - 14920105
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	Interest Expense - 31638715 Loan Losses - 14920105

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	false	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RICK SILVERS
CEO	$579,354	$0	$100,463	$0	$9,000	$0	$9,900	$0	$36,191	$0	$734,908	$0	$0	$0
DAVID MANN
CHIEF FINANCIAL OFFICER	$305,815	$0	$40,234	$0	$0	$0	$8,266	$0	$14,493	$0	$368,808	$0	$0	$0
PATRICIA KNORR
CHIEF DEVELOPMENT OFFICER	$247,732	$0	$35,391	$0	$0	$0	$7,432	$0	$23,672	$0	$314,227	$0	$0	$0
BRAD DAVIS
CHIEF GROWTH OFFICER	$239,253	$0	$33,671	$0	$0	$0	$8,188	$0	$20,057	$0	$301,169	$0	$0	$0
PAUL ADRIAN
CHIEF INFORMATION OFFICER	$220,897	$0	$31,558	$0	$0	$0	$6,627	$0	$10,714	$0	$269,796	$0	$0	$0
Swaminathan Seetharaman
CHIEF EXPERIENCE OFFICER	$178,962	$0	$0	$0	$0	$0	$3,525	$0	$25,260	$0	$207,747	$0	$0	$0
KARL KISSINGER
SVP BUSINESS SERVICES	$169,619	$0	$19,589	$0	$0	$0	$5,102	$0	$36,869	$0	$231,179	$0	$0	$0
DOUG SHARKEY
SVP MORTGAGE LOAN DELIVERY	$182,135	$0	$24,289	$0	$0	$0	$5,478	$0	$6,695	$0	$218,597	$0	$0	$0
MELISSA JEWELL
SVP TEAM MEMBER EXPERIENCE	$163,950	$0	$21,104	$0	$0	$0	$4,932	$0	$12,275	$0	$202,261	$0	$0	$0
Brent Parks
SVP TECHNOLOGY	$170,743	$0	$7,940	$0	$0	$0	$2,680	$0	$30,638	$0	$212,001	$0	$0	$0
Carl Fry
SVP FINANCE	$154,341	$0	$17,275	$0	$0	$0	$5,148	$0	$12,542	$0	$189,306	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a Health or social club dues or initiation fees	CENTRA CREDIT UNION DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF THE EXPENSES DESCRIBED IN 1A. HOWEVER, THE ORGANIZATION DID REQUIRE SUBSTANTIATION PRIOR TO REIMBURSING THE EXPENSES INCURRED. RICK SILVERS RECEIVED CLUB DUES AND THAT WAS TREATED AS TAXABLE INCOME.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	PARTICIPATION IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CENTRA CREDIT UNION PARTICIPATES IN A 457(F) PLAN. TODD CHECK PARTICIPATED AND NO FUNDS WERE ADDED IN 2023. IN ADDITION THE INDIVIDUALS LISTED BELOW ALSO PARTICIPATE IN SPLIT DOLLAR LIFE INSURANCE PLANS: - BRAD DAVIS - PARTICIA KNORR - DAVID MANN - NORB ADRIAN - RICK SILVERS

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (5 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
Rick Silvers
CEO	Yes (X)	$4,000,000	$4,217,875	false	Yes (true)	Yes (true)
Dave Mann
Officer	Yes (X)	$1,850,000	$2,010,146	false	Yes (true)	Yes (true)
Brad Davis
Officer	Yes (X)	$725,000	$787,760	false	Yes (true)	Yes (true)
Patty Knorr
Officer	Yes (X)	$1,600,000	$1,738,505	false	Yes (true)	Yes (true)
Norb Adrian
Officer	Yes (X)	$1,900,000	$2,041,337	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$10,795,623	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 6 Classes of members or stockholders	EVERY MEMBER OF THE CREDIT UNION HAVING PURCHASED ONE OR MORE SHARES OF STOCK IS A STOCKHOLDER.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body	ELIGIBLE MEMBERS RECEIVE ONE VOTE TO ELECT BY MAJORITY THE DIRECTORS OF THE CREDIT UNION.
Form 990, Part VI, Line 11b Review of form 990 by governing body	THE FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING THE RETURN. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM.
Form 990, Part VI, Line 12c Conflict of interest policy	CONFLICT OF INTEREST POLICIES ARE SIGNED ANNUALLY BY EACH BOARD MEMBER AND OFFICER OF THE ORGANIZATION AND REVIEWED. IF A BOARD MEMBER HAS A CONFLICT THEY RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING IN THAT AREA.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	PAY INCREASES TO TOP MANAGEMENT ARE APPROVED AS PART OF THE ANNUAL REVIEW PROCESS WHERE CENTRA COMPARES CHANGES AGAINST MARKET DATA WHERE AVAILABLE. THIS IS ULTIMATELY APPROVED BY THE BOARD COMPENSATION COMMITTEE.
Form 990, Part VI, Line 19 Required documents available to the public	GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part VIII, Line 2f Other Program Service Revenue	- Total Revenue: 3754857, Related or Exempt Function Revenue: 3754857, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part IX, Line 11g Other Expenses	FRANCHISE TAXES PAID - Total Expense: 219531, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; ASSOCIATION DUES - Total Expense: 115974, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; MISCELLANEOUS - Total Expense: 15161565, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	CHANGE IN ACCOUNTING PRINCIPLE - -6960036;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
CENTRA FINANCIAL SERVICES LLC
501 WASHINGTON ST	COLUMBUS	IN	47201	352157620	BANKING	IN	$2,968,662	$11,376,514	CENTRA CU
CFS TITLE LLC
501 WASHINGTON ST	COLUMBUS	IN	47201	843390715	TITLE SERVICE	IN	$1,178,944	$2,535,478	CENTRA CU