2020-06-22T13:39:05-05:00 2019-12-31 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2019-01-01 351082578 INTERRA CREDIT UNION % JAMES HENNING INTE 5745342506 PO BOX 727 GOSHEN IN 465270727 JAMES HENNING SVP AND CFO 5745342506 2020-07-15 true Gwyn M Eastom P00637617 2604604000 167.68.126.162 35027420201745000004 2020-06-22 P C9F2138D12F7D343057C8214CDBDB0735A7DCED9 6C4A1F9DDD47D1BFABFCFCF90FE76731372FB7CD 2019 2020-11-06 18:47:13Z AMY SINK PO BOX 727 GOSHEN IN 465270727 66622794 false X WWW.INTERRACU.COM X 1932 IN COOPERATIVE FINANCIAL INSTITUTION WITH A MISSION TO BE OUR MEMBERS' MOST TRUSTED AND VALUED FINANCIAL RESOURCE. 7 6 361 12 368823 196829 0 0 56340216 63572089 2461956 2994570 0 0 58802172 66566659 0 0 6379896 8467076 20680126 21986975 0 0 0 23099645 24484943 50159667 54938994 8642505 11627665 1161804270 1204756193 127489663 63970126 1034314607 1140786067 COOPERATIVE FINANCIAL INSTITUTION WITH A MISSION TO BE OUR MEMBERS' MOST TRUSTED AND VALUED FINANCIAL RESOURCE. false false NUMBER OF MEMBERS SERVED FOR LOANS WAS 47,258 IN THE AMOUNT OF $1,025,544,571 AND NUMBER OF MEMBERS SERVED FOR SAVINGS WAS 82,380 IN THE AMOUNT OF $1,082,634,887. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 29842 0 true 361 true true true false false false false false false false X 7 6 false false false false true true true true true false true true true true true true true true true true true false X JAMES HENNING 5745342506 300 W LINCOLN AVENUE GOSHEN IN 46526 AMY SINK PRESIDENT/CEO 40.0 0.0 X 518887 0 469235 ANDY MARSHALL EVP COO 40.0 0.0 X 389520 0 119601 DAVID BIRKY EVP CSO 40.0 0.0 X 299913 0 99092 JIM HENNING SVP CFO 40.0 0.0 X 254538 0 47396 DAVID DEKKER SVP OF CONSUMER SERVICES 40.0 0.0 X 234474 0 31315 PHIL WIENS SVP CLO 40.0 0.0 X 201694 0 41039 LAURIE TATICH MORTGAGE LOAN ORIGINATOR 40.0 0.0 X 211967 0 27498 PEGGY GUYAS MORTGAGE LOAN ORIGINATOR 40.0 0.0 X 182238 0 29896 PEGGY MILTON MORTGAGE LOAN ORIGINATOR 40.0 0.0 X 184997 0 25050 MICHAEL BLOSSER SVP OF COMMERCIAL SERVICES 40.0 0.0 X 174006 0 16508 DANIEL CARROLL VICE PRESIDENT OF CREDIT ADMIN 40.0 0.0 X 160852 0 26441 REGINA CHAMPION MORTGAGE LOAN ORIGINATOR 40.0 0.0 X 154558 0 29775 DARRIN MCLAUGHLIN SVP OF TECHNOLOGY 40.0 0.0 X 151544 0 21193 TIMOTHY YODER CHAIRMAN 1.0 0.0 X 12150 0 0 BRUCE STAHLY VICE CHAIRMAN 1.0 0.0 X 8150 0 0 CARL STOLTZFUS TREASURER 1.0 0.0 X 8150 0 0 LOREN EASH SECRETARY 1.0 0.0 X 8150 0 0 VINCENT BEASLEY DIRECTOR 1.0 0.0 X 4150 0 0 GINA LEICHTY DIRECTOR 1.0 0.0 X 4150 0 0 DAVID EBY DIRECTOR 1.0 0.0 X 4000 0 0 CARMEN SNIDER ASSOCIATE DIRECTOR 1.0 0.0 X 2150 0 0 RANDALL ZIMMERLY ASSOCIATE DIRECTOR 1.0 0.0 X 2150 0 0 SUSAN CRIPE SUPERVISORY COMMITTEE 1.0 0.0 X 2150 0 0 DARIN SHORT SUPERVISORY COMMITTEE 1.0 0.0 X 2000 0 0 MICHELLE ADAMS SUPERVISORY COMMITTEE 1.0 0.0 X 2000 0 0 3178538 0 984039 32 false true false PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT/DEBIT CARD PR 3107741 JACK HENRY AND ASSOCIATES PO BOX 503328 ST LOUIS MO 631503328 COMPUTER SOFTWARE 975361 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 WEB SERVICES/PROGRAM 830349 D J CONSTRUCTION CO INC 3414 ELKHART ROAD GOSHEN IN 46526 MAINTENANCE/CONSTRUC 617700 MICROINTEGRATION 460 STULL STREET SUITE 200 SOUTH BEND IN 46601 DATA CENTER 463198 25 0 INTEREST ON LOANS 522130 49263926 49263926 FEE INCOME 522130 12942814 12573991 368823 OTHER INCOME 522130 1365349 1365349 63572089 2056992 2056992 0 0 0 0 0 993713 56135 -56135 993713 937578 937578 0 0 0 0 0 0 0 0 0 0 66566659 66197836 368823 0 0 0 8467076 3178537 0 14452004 1415524 1706394 1234516 0 97997 95784 0 0 0 0 964677 7015927 0 0 1782686 0 0 503543 1828520 0 1839321 352808 LOAN EXPENSES 2809222 ALL - PROVISIONS 3922169 ATM/DEBIT CARD EXPENSES 2378957 MISCELLANEOUS 893332 54938994 0 0 0 7575175 8448352 52824284 74046943 0 0 1665069 1709521 0 0 0 0 980793216 1018628571 110065 90781 1147621 1143662 37140453 17243109 20644991 19897344 50157241 43554030 6156675 6188188 36914068 26883415 0 0 3815865 4165386 1161804270 1204756193 5132555 4620209 0 0 0 0 0 0 0 0 0 0 117000000 50000000 0 0 5357108 9349917 127489663 63970126 X 923853713 1017967965 51418301 58108827 59042593 64709275 1034314607 1140786067 1161804270 1204756193 X 11627665 729547 94114248 X false true X true false 2629165 2629165 23969469 9495978 14473491 10541819 7747131 2794688 19897344 0 CLEARING ACCOUNTS 9349917 9349917 67240071 673412 673412 66566659 66566659 54938994 54938994 54938994 SCHEDULE D, PART X, LINE 2 INCOME TAX IN THE CONSOLIDATED STATEMENTS OF INCOME INCLUDE INDIANA FRANCHISE TAX. THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME TAX. MEMBERS FINANCIAL MANAGEMENT CENTER INC. IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION AND MEMBERS FINANCIAL MANAGEMENT CENTER, 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 CALENDAR YEARS BEFORE 2015. X X X X false true false AMY SINK PRESIDENT/CEO 434927 0 77360 0 6600 0 462655 0 6580 0 988122 0 ANDY MARSHALL EVP COO 291718 0 96652 0 1150 0 104024 0 15577 0 509121 0 DAVID BIRKY EVP CSO 249017 0 50296 0 600 0 87527 0 11565 0 399005 0 JIM HENNING SVP CFO 215465 0 38473 0 600 0 38962 0 8434 0 301934 0 PHIL WIENS SVP CLO 174693 0 26401 0 600 0 25341 0 15698 0 242733 0 LAURIE TATICH MORTGAGE LOAN ORIGINATOR 20651 0 190716 0 600 0 21362 0 6136 0 239465 0 PEGGY MILTON MORTGAGE LOAN ORIGINATOR 87482 0 96915 0 600 0 18899 0 6151 0 210047 0 PEGGY GUYAS MORTGAGE LOAN ORIGINATOR 67923 0 113815 0 500 0 18219 0 11677 0 212134 0 DANIEL CARROLL VICE PRESIDENT OF CREDIT ADMIN 148266 0 11986 0 600 0 14896 0 11545 0 187293 0 REGINA CHAMPION MORTGAGE LOAN ORIGINATOR 20206 0 133752 0 600 0 16236 0 13539 0 184333 0 DAVID DEKKER SVP OF CONSUMER SERVICES 152817 0 81057 0 600 0 22824 0 8491 0 265789 0 MICHAEL BLOSSER SVP OF COMMERCIAL SERVICES 153248 0 20158 0 600 0 15760 0 748 0 190514 0 DARRIN MCLAUGHLIN SVP OF TECHNOLOGY 142360 0 8584 0 600 0 14935 0 6258 0 172737 0 SCHEDULE J, PART I, LINE 4B THE PRESIDENT/CEO, CHIEF OPERATING OFFICER, AND CHIEF STRATEGY OFFICER PARTICIPATE IN A NONQUALIFIED SERP PLAN THAT PAYS OUT UPON RETIREMENT AND HAS SUBSTANTIAL RISK OF FORFEITURE. CONTRIBUTIONS TO THE PLAN ARE REPORTED AS THEY ARE ACCRUED. IN 2019, CONTRIBUTIONS TO THE PLAN WERE AS FOLLOWS: AMY SINK $434,400 ANDY MARSHALL $74,624 DAVID BIRKEY $61,196 FORM 990, PART VI, SECTION A, LINE 1B TIMOTHY YODER IS CONSIDERED A NON-INDEPENDENT MEMBER OF THE BOARD DUE TO RECEIVING COMPENSATION IN EXCESS OF $10,000. FORM 990, PART VI, SECTION A, LINE 6 INTERRA CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A INTERRA CREDIT UNION IS OWNED BY ITS MEMBERS. BOARD MEMBERS AND SUPERVISORY COMMITTEE MEMBERS ARE ELECTED BY THE CREDIT UNION'S MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B WHEN REQUIRED BY STATE LAWS AND OUR BYLAWS, MEMBERS DO VOTE TO APPROVE DECISIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CREDIT UNION'S CHIEF FINANCIAL OFFICER AND A COPY IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM TO BE COMPLETED BY THE BOARD OF DIRECTORS AND REVIEWED DURING AN ANNUAL MEETING WITH THE BOARD AND GOVERNANCE COMMITTEE. ANY ARRANGEMENT THAT PLACES A BOARD MEMBERS' INTEREST ABOVE THOSE OF INTERRA IS IMPERMISSIBLE. IF A MAJORITY OF THE BOARD BELEIVES THERE IS A CONFLICT, THE CHAIR WILL REQUEST THE BOARD MEMBER TO RECUSE HIM OR HERSELF FROM THE DISCUSSION AND DECISION OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS COMPENSATION RECOMMENDATIONS ANNUALLY FROM AN INDEPENDENT CONSULTANT AND INDUSTRY COMPARISONS TO DETERMINE APPROPRIATE COMPENSATION FOR THE CEO AND OTHER OFFICERS. FORM 990, PART VI, SECTION B, LINE 15B JANUARY 2020 - THE BOARD REVIEWS COMPENSATION RECOMMENDATIONS ANNUALLY FROM AN INDEPENDENT CONSULTANT AND INDUSTRY COMPARISONS TO DETERMINE APPROPRIATE COMPENSATION FOR THE CEO AND OTHER OFFICERS. 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 SUCH AS THE 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERS DEPOSITS $94,114,248 MEMBERS FINANCIAL MANAGEMENT CENTER INC PO BOX 727 GOSHEN IN 46527 FINANCIAL PRODUCT IN INTERRA CU CORPORATION 606 241904 1.00000 true false false false false false false false false false false false false false false true false false false false