2022-11-10T14:44:05-06:00 2021-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2021-01-01 350885381 Centra Credit Union % SAMANTHA STIGDON CENT 8123140273 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 DAVID MANN CFO 8123769771 2022-11-15 true DAVID MANN 999009999 MICHAEL J SUMMERS P00838533 3173834000 2022-11-15 3 2021 2022-09-23 18:48:47Z RICK SILVERS 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 88438069 false X WWW.CENTRA.ORG X 1997 IN STATE CHARTERED AND FEDERALLY INSURED CREDIT UNION WHICH GRANTS CONSUMER LOANS INCLUDING CREDIT CARDS, MORTGAGE LOANS, AND BUSINESS LOANS TO ITS MEMBERS. 9 5 480 0 418210 81200 0 0 79941049 85681947 3348695 2756122 0 0 83289744 88438069 0 0 0 0 23967982 26267967 0 0 0 47526817 45198302 71494799 71466269 11794945 16971800 1826992749 1964165275 1604076640 1730164457 222916109 234000818 STATE CHARTERED AND FEDERALLY INSURED CREDIT UNION WHICH GRANTS CONSUMER LOANS INCLUDING CREDIT CARDS, LEASE FINANCING AND OPEN-END CREDIT, MORTGAGE LOANS AND BUSINESS LOANS TO ITS MEMBERS. false false CREDIT UNION PROGRAMS. ALL ACTIVITIES ARE STATE CHARTERED CREDIT UNION ACTIVITIES WHICH ARE EXEMPT UNDER SECTION 501(C)(14) false false true false false false true false true true false false true false false true false false false false false false false false false false false true false false false true false false false false false false false false true false false false true 67268 0 true 480 true true true false false false false false false false X 9 5 false false false false true true false true true false true true false true true true true true true false false IN X SAMANTHA STIGDON 8123140273 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 X RICK SILVERS CEO 45.0 0.0 X 658531 0 39830 DAVID MANN CHIEF FINANCIAL OFFICER 45.0 0.0 X 313332 0 18046 PATRICIA KNORR CHIEF EXPERIENCE OFFICER 45.0 0.0 X 275432 0 27688 CHRISTOPHER BOTTORFF S.I. REGIONAL PRESIDENT & CSO 45.0 0.0 X 265488 0 33971 BRAD DAVIS CHIEF CREDIT OFFICER 45.0 0.0 X 262845 0 24628 PAUL ADRIAN CHIEF INFORMATION OFFICER 45.0 0.0 X 248202 0 19457 MARGARET DE LA ROSA MORTGAGE LOAN ORIGINATOR 40.0 0.0 X 185801 0 15049 DOUGLAS SHARKEY SVP MORTGAGE 45.0 0.0 X 177582 0 22477 AMANDA JOHNSON MORTGAGE LOAN ORIGINATOR 44.0 0.0 X 179681 0 6523 KARL KISSINGER SVP BUSINESS SERVICES 45.0 0.0 X 157318 0 27300 THOMAS LANNAN AVP MORTGAGE SALES 45.0 0.0 X 158151 0 19557 JIM BICKEL BOARD CHAIR 2.75 0.0 X 12500 0 0 MARY STROH DIRECTOR 1.85 0.0 X 11800 0 0 DONALD JACKSON VICE CHAIR 1.94 0.0 X 11100 0 0 RANDY PROFFITT DIRECTOR 2.63 0.0 X 11100 0 0 BRIAN MCBROOM SECRETARY/TREASURER 2.96 0.0 X 9600 0 0 LORETTA BURD DIRECTOR 2.46 0.0 X 9600 0 0 JOSEPH BROWN DIRECTOR 2.52 0.0 X 9600 0 0 KEVINA SCHUMAKER DIRECTOR 2.29 0.0 X 9600 0 0 KESAVAN VENUGOPAL DIRECTOR 2.58 0.0 X 9600 0 0 2976863 0 254526 35 false true false FISERV PO BOX 934057 ATLANTA GA 31193 SOFTWARE 4355157 QSI INC 107 SCHULER DRIVE BARDSTOWN KY 40004 STORAGE 2229276 FORCE CONSTRUCTION 990 NORTH NATIONAL ROAD COLUMBUS IN 47201 CONSTRUCTION 2208190 MASTERCARD 100 MANHATTANVILLE ROAD PURCHASE NY 10577 CREDIT PROCESSOR 1662920 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT PROCESSOR 1417617 58 0 INTEREST - LOANS 522100 54292516 54292516 SERVICE & MEMBER FEES 522100 9263391 8845181 418210 INT-INVEST SECURITIES 523000 4243848 4243848 CREDIT CARD INCOME 522200 10013711 10013711 INSURANCE COMMISSIONS 524113 4360707 4360707 3507774 3507774 85681947 0 0 0 0 0 0 0 2756122 2756122 2756122 2756122 0 0 0 0 0 0 0 0 0 0 88438069 88019859 418210 X 0 0 0 0 2281950 0 17206099 504554 4823324 1452040 0 37957 267197 0 0 0 0 872323 1852014 5557375 0 4239639 7108 0 186816 10584532 0 3440433 516043 BAD DEBT EXPENSE 549340 OUTSIDE SERVICES 3256318 LOAN SERVICING EXPENSE 3225057 COLLECTIONS 1285756 9320394 71466269 18471112 19110702 162156335 114881440 0 0 0 0 10860248 11641287 0 0 1308864473 1423218917 0 0 0 0 62045429 19429077 39548387 42616352 0 0 252157573 319505472 0 0 0 0 34934621 33191105 1826992749 1964165275 0 0 0 0 0 0 0 0 1800408 1941933 0 0 0 0 0 0 1602276232 1728222524 1604076640 1730164457 X 0 0 0 0 222916109 234000818 222916109 234000818 1826992749 1964165275 X 16971800 -5801708 -85383 X false true X true false 7500 7500 7500 false INDIANA CREDIT UNION PAC 5975 CASTLE CREEK PRKWY N DR INDIANAPOLIS IN 46250 237305600 7500 0 PART I-A, LINE 1 DESCRIPTION OF POLITICAL CAMPAIGN ACTIVITIES: CENTRA CREDIT UNION MADE A DISTRIBUTION IN THE AMOUNT OF $7,500 TO THE INDIANA CREDIT UNION POLITICAL ACTION COMMITTEE, A SECTION 527 ORGANIZATION. false true X 3810738 3810738 34420138 9478700 24941437 2270977 1415739 855239 18878887 8534638 10344249 2664689 2664689 42616352 AVAILABLE FOR SALE SECURITIES 312913157 F HELD TO MATURITY SECURITIES 6592315 C 319505472 0 MEMBERS' DEPOSITS 1674963601 FHLB ADVANCES 31000000 OTHER LIABILITIES 22258923 1728222524 70935977 -5801708 -5801708 76737685 11700384 11700384 88438069 59765885 59765885 11700384 11700384 71466269 SCHEDULE D, PART IV, LINE 2B 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 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 XI & XII, LINE 4B OTHER ADJUSTMENTS: INTEREST EXPENSE 10,802,490 LOAN LOSSES 897,894 TOTAL ADJUSTMENT $ 11,700,384 X false true X false true false RICK SILVERS CEO 513476 0 134305 0 10750 0 8315 0 31515 0 698361 0 0 0 DAVID MANN CHIEF FINANCIAL OFFICER 245250 0 58332 0 9750 0 7114 0 10932 0 331378 0 0 0 CHRISTOPHER BOTTORFF S.I. REGIONAL PRESIDENT & CSO 205034 0 51654 0 8800 0 7827 0 26144 0 299459 0 0 0 PAUL ADRIAN CHIEF INFORMATION OFFICER 192319 0 47619 0 8264 0 7242 0 12215 0 267659 0 0 0 PATRICIA KNORR CHIEF EXPERIENCE OFFICER 212519 0 53792 0 9121 0 8188 0 19500 0 303120 0 0 0 BRAD DAVIS CHIEF CREDIT OFFICER 203363 0 50869 0 8613 0 7769 0 16859 0 287473 0 0 0 DOUGLAS SHARKEY SVP MORTGAGE 148827 0 28755 0 0 0 5403 0 17074 0 200059 0 0 0 MARGARET DE LA ROSA MORTGAGE LOAN ORIGINATOR 35189 0 150612 0 0 0 6562 0 8487 0 200850 0 0 0 KARL KISSINGER SVP BUSINESS SERVICES 131003 0 26315 0 0 0 5946 0 21354 0 184618 0 0 0 AMANDA JOHNSON MORTGAGE LOAN ORIGINATOR 43747 0 135934 0 0 0 6108 0 415 0 186204 0 0 0 THOMAS LANNAN AVP MORTGAGE SALES 74548 0 83603 0 0 0 5921 0 13636 0 177708 0 0 0 SCHEDULE J, PART I, LINE 1 REIMBURSEMENT OF EXPENSES: 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 PARTICIPATION IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CENTRA CREDIT UNION PARTICIPATES IN A 457(F) PLAN. RICK SILVERS PARTICIPATED AND HAD FUNDS ADDED IN 2021. IN ADDITION THE INDIVIDUALS LISTED BELOW ALSO PARTICIPATE IN SPLIT DOLLAR LIFE INSURANCE PLANS: - CHRISTOPHER BOTTORFF - BRAD DAVIS - PARTICIA KNORR - DAVID MANN - NORB ADRIAN - RICK SILVERS CHRISTOPHER BOTTORFF SOUTH REGION PRESIDENT AND CEO SPLIT DOLLAR LIFE IN X 1175000 1224975 false true true BRAD DAVIS CHIEF CREDIT OFFICER SPLIT DOLLAR LIFE IN X 725000 755836 false true true PATRICIA KNORR CHIEF EXPERIENCE OFFICER SPLIT DOLLAR LIFE IN X 1600000 1668051 false true true DAVID MANN CHIEF FINANCE OFFICER SPLIT DOLLAR LIFE IN X 1850000 1928685 false true true NORB ADRIAN CHIEF INFORMATION OFFICER SPLIT DOLLAR LIFE IN X 1900000 1964765 false true true RICK SILVERS CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE IN X 4000000 4098975 false true true 11641287 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS: EVERY MEMBER OF THE CREDIT UNION HAVING PURCHASED ONE OR MORE SHARES OF STOCK IS A STOCKHOLDER. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS OF THE GOVERNING BODY: ELIGIBLE MEMBERS RECEIVE ONE VOTE TO ELECT BY MAJORITY THE DIRECTORS OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990: 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, SECTION B, 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, SECTION B, LINE 15A REVIEW OF COMPENSATION: PAY INCREASES TO TOP MANAGEMENT ARE APPROVED AS PART OF THE ANNUAL REVIEW PROCESS WHICH IS APPROVED BY THE BOARD COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: RECLASS ADJUSTMENT FOR REALIZED LOSSES ON AFS SECURITIES $(85,383) FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:INTERNAL CFS APPRAISALS TOTAL EXPENSES:839954 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FRANCHISE TAXES PAID TOTAL EXPENSES:424636 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ASSOCIATION DUES TOTAL EXPENSES:73868 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:7981936 CENTRA FINANCIAL SERVICES LLC 501 WASHINGTON ST COLUMBUS IN 47202 352157620 BANKING IN 3901874 10348700 CENTRA CU