Crane Credit Union: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: Crane Credit Union (EIN 35-0978599)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-05-14
IRS object ID: 202121349349302667
Schema version: 2020v4.0
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 I
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-05-14T10:38:17-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	9600 Brownsboro Road Suite 400	AddressLine1Txt
City	Louisville	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	402411122	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	350978599	EIN

Business Name BusinessName

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

Field	Value	IRS element (for citing)
Business Name Control	CRAN	BusinessNameControlTxt
Phone	8128637115	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 W Gate Drive	AddressLine1Txt
City	Odon	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47562	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Tim Lukomski	PersonNm
Person Title	CFO	PersonTitleTxt
Signature	2021-05-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Tim	PersonFirstNm
Person Last	Lukomski	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Kim Scifres	PreparerPersonNm
PTIN	P01316095	PTIN
Phone	5023263996	PhoneNum

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Kevin Sparks	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 W Gate Drive	AddressLine1Txt
City	Odon	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47562	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$60,267,682	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CRANECU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1955	FormationYr
Legal Domicile State	IN	LegalDomicileStateCd
Activity Or Mission	PROMOTE THRIFT, PROVIDE CREDIT AT COMPETITIVE RATES, AND PROVIDE FINANCIAL SERVICES TO MEMBERS.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	199	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$224,808	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$37,822	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$29,167,951	PYProgramServiceRevenueAmt
CY Program Service Revenue	$28,612,241	CYProgramServiceRevenueAmt
PY Investment Income	$2,232,452	PYInvestmentIncomeAmt
CY Investment Income	$3,210,940	CYInvestmentIncomeAmt
PY Other Revenue	$445,889	PYOtherRevenueAmt
CY Other Revenue	$425,566	CYOtherRevenueAmt
PY Total Revenue	$31,846,292	PYTotalRevenueAmt
CY Total Revenue	$32,248,747	CYTotalRevenueAmt
PY Grants And Similar Paid	$11,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$13,200	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$8,470,911	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$8,999,020	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$16,512,366	PYOtherExpensesAmt
CY Other Expenses	$16,851,508	CYOtherExpensesAmt
PY Total Expenses	$24,994,277	PYTotalExpensesAmt
CY Total Expenses	$25,863,728	CYTotalExpensesAmt
PY Revenues Less Expenses	$6,852,015	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$6,385,019	CYRevenuesLessExpensesAmt
Total Assets BOY	$618,553,934	TotalAssetsBOYAmt
Total Assets EOY	$853,062,698	TotalAssetsEOYAmt
Total Liabilities BOY	$530,832,248	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$756,909,887	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$87,721,686	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$96,152,811	NetAssetsOrFundBalancesEOYAmt
Mission	COOPERATIVELY PROMOTE MEMBER THRIFT BY PROVIDING FINANCIAL SERVICES AND BENEFITS FOR OUR MEMBERSHIP.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	DURING THE YEAR THE CREDIT UNION GRANTED 13,221 LOANS TOTALING $245,803,644. IN ADDITION, 7,507 NEW MEMBERSHIPS WERE OPENED. OVERALL THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO OVER 57,200 MEMBERS. Effective November 30, 2020, the Credit Union acquired 100 percent of the assets and liabilities of Community State Bank of Southwestern Indiana (Community State Bank). The acquisition adds locations in the Indiana cities of Cynthiana, Mt. Vernon, Poseyville and Evansville as well as financial institution expertise, which will allow Crane Credit Union to better serve the financial needs of its current members.	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	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	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	Yes (true)	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	8155	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	199	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	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	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	Yes (true)	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	Yes (true)	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
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	TIM LUKOMSKI	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8128637000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 W GATE DRIVE	AddressLine1Txt
City	ODON	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47562	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
BRUCE W CUMMINGS
TREASURER	4.0	Yes (X)	Yes (X)	$17,850	$0	$0
DALE L PADGETT JR
VICE CHAIRMAN	4.0	Yes (X)	Yes (X)	$19,950	$0	$0
DAVID H FRYE
SECRETARY	4.0	Yes (X)	Yes (X)	$15,950	$0	$0
GARY E GRAY JR
CHAIRMAN	4.0	Yes (X)	Yes (X)	$17,850	$0	$0
DOUGLAS R RANARD
SUPERVISORY	4.0	Yes (X)		$22,400	$0	$0
JEFFREY L SCHAFER
DIRECTOR	4.0	Yes (X)		$17,950	$0	$0
JOHN D PREBLE
SUPERVISORY	4.0	Yes (X)		$9,700	$0	$0
KENNETH R GREENWELL
DIRECTOR	4.0	Yes (X)		$16,550	$0	$0
PATRICIA HERNDON
DIRECTOR	4.0	Yes (X)		$16,850	$0	$0
QUENTIN D HAYS
SUPERVISORY	4.0	Yes (X)		$19,830	$0	$0
GARY MICHEL WIGGINGTON
VP IT	40.0		Yes (X)	$96,390	$0	$36,411
KEVIN SPARKS
CHIEF EXECUTIVE OFFICER, PRESIDENT	40.0		Yes (X)	$211,257	$0	$30,121
TIM LUKOMSKI
CHIEF FINANCIAL OFFICER	40.0		Yes (X)	$127,956	$0	$40,856
BRYAN MYERS
COO	40.0			$126,343	$0	$39,681	Yes (X)
GREG BATEMAN
VP of HR	40.0			$100,378	$0	$25,190	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$837,204	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$172,259	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	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	Address Line2ContractorAddress/USAddress/AddressLine2Txt
ELECTRONIC STRATEGIES INC
8050 CASTLEWAY DR	INDIANAPOLIS	IN	46250	IT CONSULTING	$788,712
JACK HENRY AND ASSOCIATES
663 W HIGHWAY 60	MONETT	MO	65708	CORE BANKING SYSTEM	$650,813
QSI
107 Schuler Dr	Bardstown	KY	40004	ATM	$405,996
ACCESS SOFTEK
727 ALSTON WAY	Berkley	CA	94710	ELECTRONIC BANKING	$283,828
PERFORMANCE TRUST CAPITAL PARTNERS LLC
500 W MADISON ST	Chicago	IL	60661	INVESTMENT BANKING, BROKERAGE AND ALM SERVICES	$283,378	SUITE 500

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	18	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 ON LOANS	522130	$22,193,148	$22,193,148
INTERCHANGE ON INCOME	522130	$4,162,825	$4,162,825
SERVICE CHARGES & FEES	522130	$1,202,694	$1,105,395	$97,299
LOAN FEES AND CHARGES	522130	$562,126	$562,126
OTHER NON-INTEREST INCOME	522130	$491,448	$466,725	$24,723

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

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)
Total Program Service Revenue	$28,612,241	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,895,127	TotalRevenueColumnAmt
Unrelated Business Revenue	-$2	UnrelatedBusinessRevenueAmt
Exclusion	$1,895,129	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$80,998	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$54,801	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$26,197	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$26,197	TotalRevenueColumnAmt
Exclusion	$26,197	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$28,739,569	SecuritiesAmt
Other	$540,378	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$27,341,362	SecuritiesAmt
Other	$622,772	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$1,398,207	SecuritiesAmt
Other	-$82,394	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,315,813	TotalRevenueColumnAmt
Exclusion	$1,315,813	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LIFE INSURANCE CSV	522100	$296,581	$296,581
SHARED BRANCHING	522130	$102,788		$102,788

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	$399,369	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$32,248,747	TotalRevenueColumnAmt
Related Or Exempt Func Income	$28,786,800	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$224,808	UnrelatedBusinessRevenueAmt
Exclusion	$3,237,139	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$13,200	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$843,373	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$5,921,501	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$412,147	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,333,592	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$488,407	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$449,968	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$93,042	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,887,142	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$776,153	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$449,222	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$143,392	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,292,210	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$65,681	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,384,147	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,924,618	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$166,596	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
LOAN SERVICING EXPENSE	$2,127,835
DATA PROCESSING FEES	$1,931,917
PROVISION FOR LOAN LOSS	$1,066,080
EDUCATION AND PROMOTION	$500,579

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$592,926	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$25,863,728	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,627,129	BOYAmt
EOY	$7,977,958	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$50,737,060	BOYAmt
EOY	$115,705,111	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,352,135	BOYAmt
EOY	$1,920,832	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$204,165	BOYAmt
EOY	$159,433	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$218,646	BOYAmt
EOY	$630,757	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

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

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$465,731,256	BOYAmt
EOY	$525,412,436	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$431,712	BOYAmt
EOY	$540,970	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$29,725,434	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$17,569,806	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$9,912,430	BOYAmt
EOY	$12,155,628	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$66,124,218	BOYAmt
EOY	$161,808,588	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

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

Investments Program Related InvestmentsProgramRelatedGrp

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

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$4,650,545	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$18,215,183	BOYAmt
EOY	$22,100,440	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$618,553,934	BOYAmt
EOY	$853,062,698	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,201,481	BOYAmt
EOY	$4,484,498	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$600,085	BOYAmt
EOY	$807,677	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$19,000,000	BOYAmt
EOY	$32,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$508,030,682	BOYAmt
EOY	$719,617,712	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$530,832,248	BOYAmt
EOY	$756,909,887	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	$87,721,686	BOYAmt
EOY	$96,152,811	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$87,721,686	BOYAmt
EOY	$96,152,811	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$618,553,934	BOYAmt
EOY	$853,062,698	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$6,385,019	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$2,046,106	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	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	$2,639,521	OtherCostOrOtherBasisAmt
Book Value	$2,639,521	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,807,496	OtherCostOrOtherBasisAmt
Depreciation	$7,797,170	DepreciationAmt
Book Value	$7,010,326	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$320,186	OtherCostOrOtherBasisAmt
Depreciation	$320,186	DepreciationAmt
Book Value	$0	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$11,958,231	OtherCostOrOtherBasisAmt
Depreciation	$9,452,450	DepreciationAmt
Book Value	$2,505,781	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$12,155,628	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARES	Desc
Amt	$719,617,712	Amt

Field	Value	IRS element (for citing)
Total Liability	$719,617,712	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule D, Part IV, Line 2b Explanation of escrow agreement

THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR PROPERTY TAXES AND INSURANCE FOR MEMBER LOANS.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Credit Union is state chartered and federally tax-exempt under Internal Revenue Code 501(c)(14), except to the extent of unrelated business income. Unrelated business income is insignificant and no tax provision has been made in the accompanying consolidated financial statements. The Credit Union's wholly owned subsidiaries are disregarded entities for tax purposes and are therefore not subject to federal income tax. The Credit Union may recognize a liability for unrecognized tax benefits from uncertain tax positions. Unrecognized tax benefits represent the differences between a tax position taken or expected to be taken in a tax return and the benefit recognized and measured in the consolidated financial statements. Interest and penalties related to unrecognized tax benefits are classified as income tax expense. The Credit Union had no unrecognized tax benefits at December 31, 2020 and 2019.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	11	RecipientCnt
Cash Grant	$13,200	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	SCHOLARSHIP FINALISTS WILL BE CHOSEN BY A SCHOLARSHIP COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. APPLICANTS WILL BE JUDGED ON THE FOLLOWING: APPLICATION 30%, ACADEMIC PROFILE 10%, ESSAY 60%.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Survey	Yes (X)	CompensationSurveyInd
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 (3 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
KEVIN SPARKS
CHIEF EXECUTIVE OFFICER, PRESIDENT	$190,705	$0	$20,000	$0	$552	$0	$29,143	$0	$978	$0	$241,378	$0	$0	$0
TIM LUKOMSKI
CHIEF FINANCIAL OFFICER	$120,165	$0	$7,551	$0	$240	$0	$19,294	$0	$21,562	$0	$168,812	$0	$0	$0
BRYAN MYERS
COO	$118,510	$0	$7,600	$0	$233	$0	$24,751	$0	$14,930	$0	$166,024	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule J, Part I, Line 1a Travel for companions

AIRFARE FOR BOARD MEMBERS' SPOUSES IS PAID BY THE CREDIT UNION. SPOUSES' MEALS ARE PAID FOR FOR ANY CREDIT UNION EMPLOYEE OR BOARD MEMBER ON OFFICIAL CREDIT UNION BUSINESS. THESE EXPENSES WERE NOT INCLUDED IN TAXABLE INCOME TO THE BOARD MEMBER.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

Crane Credit Union (CCU) provides a supplemental nonqualified retirement plan to executive level employees. The organization makes annual contributions to the plan. The deposits are owned by CCU and are tax-deferred until a distributions are made. Distributions are made every five years for all executives that are still actively employed on the distribution date. CONTRIBUTIONS TO THE PLAN FOR 2020 ARE AS FOLLOWS: KEVIN SPARKS, PRESIDENT - $16,007 TIM LUKOMSKI, CFO - $10,408 Bryan Myers, COO - $14,262 Gary Michel Wiggington, VP IT - $6,340 Greg Bateman, VP of HR - $9,000

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (14 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
TIM LUKOMSKI
CFO	PRIMARY RESIDENCE	Yes (X)	$160,800	$149,300	false	false	Yes (true)
TIM LUKOMSKI
CFO	RV	Yes (X)	$56,307	$48,992	false	false	Yes (true)
TIM LUKOMSKI
CFO	HOME EQUITY	Yes (X)	$5,000	$4,947	false	false	Yes (true)
TIM LUKOMSKI
CFO	personal loan	Yes (X)	$7,000	$5,552	false	false	Yes (true)
Bryan Myers
COO	Primary Residence	Yes (X)	$132,450	$124,881	false	false	Yes (true)
Mike Wiggington
VP of IT	Auto	Yes (X)	$2,800	$450	false	false	Yes (true)
Mike Wiggington
VP of IT	Primary Residence	Yes (X)	$170,000	$142,134	false	false	Yes (true)
Mike Wiggington
VP of IT	Home Equity	Yes (X)	$30,000	$8,750	false	false	Yes (true)
Mike Wiggington
VP of IT	Auto	Yes (X)	$61,000	$61,000	false	false	Yes (true)
Greg Batemen
VP of HR	Auto	Yes (X)	$28,151	$20,559	false	false	Yes (true)
Greg Batemen
VP of HR	Auto	Yes (X)	$29,816	$28,069	false	false	Yes (true)
Greg Batemen
VP of HR	Home Equity	Yes (X)	$15,000	$5,357	false	false	Yes (true)
Jeffrey Schafer
Board Member	Auto	Yes (X)	$25,000	$14,086	false	false	Yes (true)
Jeffrey Schafer
Board Member	Home Equity	Yes (X)	$95,409	$16,680	false	false	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$630,757	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES	The President/CEO determines the compensation of the other employee(s) of the organization. Compensation is reviewed annually.
Form 990, Part VI, Line 8b AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY	As authorized by the Act, the board appoints an executive committee of not fewer than three directors to serve at its pleasure, to act for it with respect to the board's specifically delegated functions. When making delegations to the executive committee, the board must be specific with regard to the committee's authority and limitations related to the particular delegation. The board may also authorize any of the following to approve membership applications under conditions the board and these bylaws may prescribe: an executive committee; a membership officer(s) appointed by the board from the membership, other than a board member paid as an officer; the financial officer; any assistant to the paid officer of the board or to the financial officer; or any loan officer. No executive committee member or membership officer may be compensated as such.
Form 990, Part VI, Line 6 Classes of members or stockholders	THE CREDIT UNION HAS MEMBERS.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body	EACH MEMBER IS ENTITLED TO ONE VOTE ON ALL MATTERS BROUGHT TO VOTE AT THE ANNUAL MEETING.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders	MEMBERSHIP VOTE IS REQUIRED FOR MERGERS AND CHARTER CONVERSIONS.
Form 990, Part VI, Line 11b Review of form 990 by governing body	FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM, THEN REVIEWED BY THE CREDIT UNION'S CFO AND PRESIDENT prior to filing with the IRS.
Form 990, Part VI, Line 12c Conflict of interest policy	The organization's officers, directors, and all employees are required to annually disclose any actual or potential conflicts of interest they may have with the organization. If there is a known conflict, that individual is restricted from performing transactions on certain accounts. If a conflict arises with a board member, the respective board member will abstain from any related discussion, vote, or similar action on the matter.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	The board of directors reviews and approves the president/CEO's compensation annually. Human Resources uses a system called Compease to gather data from other institutions to determine the President/CEO's compensation based on a range from comparable organizations. This process is documented in board minutes.
Form 990, Part VI, Line 19 Required documents available to the public	THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED QUARTERLY IN CREDIT UNION BRANCHES.

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
CRANE TITLE LLC
1 W GATE DRIVE	ODON	IN	47562	271534978	LEGAL SERVICES AND TITLE WORK	IN	$0	$0	CRANE CREDIT UNION
CRANE FCU PROPERTIES
1 W GATE DRIVE	ODON	IN	47562	271537278	PROPERTY MANAGEMENT	IN	$0	$0	CRANE CREDIT UNION