2021-05-10T08:04:38-07:00 2020-12-31 990 2020-01-01 350987917 INDIANA UNIVERSITY CREDIT UNION INDI 8128557823 PO Box 368 Bloomington IN 474020368 Chris Hawk SVP & Chief Financial Officer 8128557823 2021-05-10 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Bryan W Price 105 E Winslow Rd Bloomington IN 47401 48798321 0 X www.iucu.org X 1956 IN State chartered credit union 11 11 237 16 6530 0 0 0 45276311 45881921 3643507 2905812 29990 6530 48949808 48794263 106500 30545 0 0 14697509 16079837 0 0 0 23536642 21608080 38340651 37718462 10609157 11075801 1144998039 1349340515 38523678 60150897 1106474361 1289189618 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14). 0 0 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 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 20412 0 1 237 1 1 1 0 0 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 0 X Chris Hawk 8128557823 105 E Winslow Rd Bloomington IN 47401 Bryan W Price President and CEO 40 0 X 541689 0 66689 Andrew Allard SVP, Chief Operating Officer 40 0 X 256162 0 49992 Julie Ragsdale SVP, Chief Administrative Officer 40 0 X 229969 0 47373 Sarah Rogers SVP Business Services 40 0 X 200659 0 44273 Chris Hawk SVP, CFO 40 0 X 196652 0 44227 Teddie Gambler SVP Information Technology 40 0 X 170231 0 33158 David Sipes SVP Marketing and Business Development 40 0 X 168134 0 32689 Anthony Rastall VP Business Services 40 0 X 137067 0 38269 Karen Wisley VP Information Systems 40 0 X 117973 0 36350 Lori Forrester VP Member Service Support 40 0 X 120224 0 29796 Amy Doan VP Business Services 40 0 X 121647 0 28353 Georgeanna Sims VP Operations Manager 40 0 X 117931 0 29519 Jon Barada Board Chair 4 0 X X 1050 0 0 Doris Sims Director 0 0 X 752 0 0 Kim Milford Board Vice Chair 2 0 X X 749 0 0 Dennis Cromwell Board Secretary 2 0 X X 0 0 0 Bruce Jaffee Board Treasurer 2 0 X X 0 0 0 Brad Heim Board Past Chair 2 0 X X 0 0 0 Nandini Gupta Director 2 0 X 0 0 0 Andrea Mobley Director 2 0 X 0 0 0 Dana Palazzo Director 2 0 X 0 0 0 Larry Polley Director 2 0 X 0 0 0 Scott Smart Director 2 0 X 0 0 0 Emily Springston Director 2 0 X 0 0 0 2380889 0 480688 15 0 1 0 NCR Corportation PO Box 740641 Los Angeles CA 90074 online banking, mobile tech 1035692 Strauser Construction 453 S Clarizz Blvd Bloomington IN 47401 commercial construction 984715 Jack Henry & Assoc 663 W Hwy 60 Monett MO 65708 core credit union OS 779893 Town and Country Chrysler 2200 S Walnut St Bloomington IN 47403 indirect loan origination 307478 IU Sports Properties c/o Learfield Comm PO Box 843038 Kansas City MO 641843038 marketing 247598 25 0 0 0 0 0 0 0 0 Loan interest income 522130 34988717 34988717 0 0 Debit and credit card interchange inc 522130 5777040 5777040 0 0 Overdraft and return fee income 522130 2019538 2019538 0 0 Business owned life insurance 522130 857418 857418 0 0 Account transfer fees 522130 375292 375292 0 0 1863916 1863916 0 0 45881921 2496276 2496276 0 0 0 0 0 0 0 0 0 0 875 0 4058 0 -3183 0 -3183 0 -3183 0 0 409536 0 0 0 409536 409536 409536 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9713 0 9713 0 9713 48794263 48787733 6530 0 30545 0 0 0 2084448 0 9703249 882300 2575089 834751 0 46772 295379 0 0 0 0 1117237 1202876 3250627 0 855915 40046 0 84584 6685416 0 1481920 156244 ATM debit and credit card exp 3274583 Provision for loan losses 1187987 Statement processing 348503 State financial institutions tax 305100 1274891 37718462 0 0 0 8988131 8787173 120312124 92566526 0 0 5726593 4625177 1129552 667520 0 0 873880308 920002794 0 0 1646352 1685964 36950145 18130645 17841835 18819500 81345439 255170240 3624900 3804200 0 0 0 0 30502805 43211421 1144998039 1349340515 3455769 4177808 0 0 0 0 0 0 0 0 0 0 30000000 50000000 0 0 5067909 5973089 38523678 60150897 X 955717500 1126331589 51252821 56121921 99504040 106736108 1106474361 1289189618 1144998039 1349340515 X 11075801 1384182 0 0 0 170255274 X 0 1 X 1 0 0 3763457 3763457 0 20142364 8964391 11177973 0 758053 502686 255367 0 12286271 8663568 3622703 0 0 0 0 18819500 0 Accrued salary and benefit expense 3882073 Other liabilities 2091016 5973089 X 48794263 0 0 0 0 0 48794263 0 0 0 48794263 37718462 0 0 0 0 0 37718462 0 0 0 37718462 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. 1 Dimension Mill 642 N Madison St Bloomington IN 47404 823745526 501(c)(3) 10000 0 Support for Community-led and inspired office space for start-ups and small local companies. United Way of Monroe County 431 S College Ave Bloomington IN 47403 350985959 501(c)(3) 20000 0 To improve lives by the caring power of communities around the world to advance the common good. 2 0 Schedule I, Part I, Line 2 The Credit Union's charitable contributions are made to well established, known local charities. X 1 1 X X X X 0 0 0 Bryan W Price President and CEO 521227 0 20462 0 0 0 49071 0 17618 0 608378 0 0 0 Andrew Allard SVP, Chief Operating Officer 245264 0 10898 0 0 0 25902 0 24090 0 306154 0 0 0 Julie Ragsdale SVP, Chief Administrative Officer 220525 0 9444 0 0 0 23283 0 24090 0 277342 0 0 0 Chris Hawk SVP, CFO 188605 0 8047 0 0 0 20137 0 24090 0 240879 0 0 0 Teddie Gambler SVP Information Technology 162934 0 7297 0 0 0 17347 0 15811 0 203389 0 0 0 David Sipes SVP Marketing and Business Development 161033 0 7101 0 0 0 16878 0 15811 0 200823 0 0 0 Sarah Rogers SVP Business Services 192229 0 8430 0 0 0 20183 0 24090 0 244932 0 0 0 Anthony Rastall VP Business Services 131110 0 5957 0 0 0 14179 0 24090 0 175336 0 0 0 Amy Doan VP Business Services 116370 0 5277 0 0 0 12542 0 15811 0 150000 0 0 Karen Wisley VP Information Systems 105713 0 5033 0 0 0 12260 0 24090 0 147096 0 0 0 Lori Forrester VP Member Service Support 108046 0 4967 0 0 0 12178 0 17618 0 142809 0 0 0 Schedule J, Part I, Line 1a The Credit Union pays for Board member companion travel within specified policy limits. Form 990, Part VI, Section A, Line 6 The Credit Union has member-owners based on membership requirements. 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. Form 990, Part VI, Section B, Line 11b The forms 990, 990T and supporting schedules are prepared by the Accounting Department and SVP & CFO. The forms are reviewed by the Credit Unions independent accounting firm, Credit Union CEO and management. The forms are presented to the Board for review and comment prior to submission. 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. Form 990, Part VI, Section B, Line 15 The Board of Directors is responsible for reviewing and establishing CEO compensation. The CEO and SVP, 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 SVP, CAO. The last compensation review took place November 2020. These surveys take into consideration total compensation, job duties, asset size, experience, tenure, education and geographic differentials. 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. Form 990, Part XI, Line 9 Net assets increased over 2019 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 CU IU Credit Union Investment Services Inc 105 E Winslow Rd Bloomington IN 47401 351958766 Member investment services IN Indiana University CU C 447004 350694 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 IU Credit Union Investment Services Inc a-iv 29400 Fair market value