Crane Credit Union: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: Crane Credit Union (EIN 35-0978599)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-05-19
IRS object ID: 202031409349301143
Schema version: 2019v5.0
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	2020-05-19T13:00:57-05:00	ReturnTs
Tax Period End	2019-12-31	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	225 West Wacker Drive Suite 2600	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	606061224	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-01-01	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	KEVIN SPARKS	PersonNm
Person Title	CEO	PersonTitleTxt
Signature	2020-05-19	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Nicole Bencik	PreparerPersonNm
PTIN	P00756195	PTIN
Phone	3128997000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2020-11-19 02:30:22Z	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	$55,296,469	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	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	177	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$234,434	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$29,451	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$25,675,811	PYProgramServiceRevenueAmt
CY Program Service Revenue	$29,167,951	CYProgramServiceRevenueAmt
PY Investment Income	$2,447,478	PYInvestmentIncomeAmt
CY Investment Income	$2,232,452	CYInvestmentIncomeAmt
PY Other Revenue	$430,511	PYOtherRevenueAmt
CY Other Revenue	$445,889	CYOtherRevenueAmt
PY Total Revenue	$28,553,800	PYTotalRevenueAmt
CY Total Revenue	$31,846,292	CYTotalRevenueAmt
PY Grants And Similar Paid	$11,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$11,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$8,434,247	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$8,470,911	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$13,744,632	PYOtherExpensesAmt
CY Other Expenses	$16,512,366	CYOtherExpensesAmt
PY Total Expenses	$22,189,879	PYTotalExpensesAmt
CY Total Expenses	$24,994,277	CYTotalExpensesAmt
PY Revenues Less Expenses	$6,363,921	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$6,852,015	CYRevenuesLessExpensesAmt
Total Assets BOY	$587,731,675	TotalAssetsBOYAmt
Total Assets EOY	$618,553,934	TotalAssetsEOYAmt
Total Liabilities BOY	$507,558,334	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$530,832,248	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$80,173,341	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$87,721,686	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 14,377 LOANS TOTALING $199,703,029. IN ADDITION, 6,233 NEW MEMBERSHIPS WERE OPENED. OVERALL THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO OVER 52,800 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	8553	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	177	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	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	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 (11 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
DALE L PADGETT JR
VICE CHAIRMAN	4.0	Yes (X)	Yes (X)	$21,725	$0	$0
GARY E GRAY JR
CHAIRMAN	4.0	Yes (X)	Yes (X)	$20,275	$0	$0
BRUCE W CUMMINGS
TREASURER	4.0	Yes (X)	Yes (X)	$19,425	$0	$0
DAVID H FRYE
SECRETARY	4.0	Yes (X)	Yes (X)	$18,350	$0	$0
KENNETH R GREENWELL
DIRECTOR	4.0	Yes (X)		$22,075	$0	$0
JEFFREY L SCHAFER
DIRECTOR	4.0	Yes (X)		$19,950	$0	$0
PATRICIA HERNDON
DIRECTOR	4.0	Yes (X)		$16,250	$0	$0
KEVIN SPARKS
CHIEF EXECUTIVE OFFICER, PRESIDENT	40.0		Yes (X)	$206,922	$0	$51,503
TIM LUKOMSKI
CHIEF FINANCIAL OFFICER	40.0		Yes (X)	$133,047	$0	$50,279
PAUL VOGLER
CORPORATE ATTORNEY	40.0			$135,374	$0	$10,677	Yes (X)
BRYAN MYERS
COO	40.0			$114,523	$0	$41,567	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$727,916	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$154,026	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
DEI INCORPORATED
1550 Kemper Meadow Drive	Cincinnati	OH	45240	Building Design Services	$570,104
JACK HENRY AND ASSOCIATES
663 W HIGHWAY 60	MONETT	MO	65708	CORE BANKING SYSTEM	$374,819
ACCESS SOFTEK
727 ALSTON WAY	BERKELEY	CA	94710	ELECTRONIC BANKING	$262,157
QSI
107 Schuler Dr	Bardstown	KY	40004	ATM	$255,146
WINDSTREAM
4001 N RODNEY PARHAM RD	LITTLE ROCK	AR	72212	COMMUNICATION PROVIDER	$210,323

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	9	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	$22,733,858	$22,733,858
INTERCHANGE ON INCOME	522130	$3,975,929	$3,975,929
SERVICE CHARGES & FEES	522130	$1,480,868	$1,394,158	$86,710
OTHER NON-INTEREST INCOME	522130	$591,867	$565,705	$26,162
LOAN FEES AND CHARGES	522130	$385,429	$385,429

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	$29,167,951	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,377,212	TotalRevenueColumnAmt
Exclusion	$2,377,212	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$100,659	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$49,125	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$51,534	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$51,534	TotalRevenueColumnAmt
Exclusion	$51,534	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$21,608,681	SecuritiesAmt
Other	$1,647,611	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$21,629,424	SecuritiesAmt
Other	$1,771,628	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$20,743	SecuritiesAmt
Other	-$124,017	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$144,760	TotalRevenueColumnAmt
Exclusion	-$144,760	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LIFE INSURANCE CSV	522100	$272,793	$272,793
SHARED BRANCHING	522130	$121,562		$121,562

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	$394,355	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$31,846,292	TotalRevenueColumnAmt
Related Or Exempt Func Income	$29,327,872	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$234,434	UnrelatedBusinessRevenueAmt
Exclusion	$2,283,986	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$11,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$579,801	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$5,805,552	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$423,425	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,207,004	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$455,129	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$37,169	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$101,739	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$950,860	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$798,742	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$440,298	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$144,836	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,386,986	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$84,298	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,066,404	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,692,209	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$211,479	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
LOAN SERVICING EXPENSE	$2,028,946
DATA PROCESSING FEES	$1,901,973
PROVISION FOR LOAN LOSS	$1,132,835
EDUCATION AND PROMOTION	$741,738

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$791,854	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$24,994,277	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,962,843	BOYAmt
EOY	$5,627,129	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$27,894,538	BOYAmt
EOY	$50,737,060	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,320,380	BOYAmt
EOY	$1,352,135	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$394,988	BOYAmt
EOY	$204,165	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$351,555	BOYAmt
EOY	$218,646	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$448,053,419	BOYAmt
EOY	$465,731,256	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$586,840	BOYAmt
EOY	$431,712	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$25,557,618	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$15,645,188	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$9,840,601	BOYAmt
EOY	$9,912,430	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$72,183,413	BOYAmt
EOY	$66,124,218	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

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$22,143,098	BOYAmt
EOY	$18,215,183	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$587,731,675	BOYAmt
EOY	$618,553,934	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,393,707	BOYAmt
EOY	$3,201,481	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$546,813	BOYAmt
EOY	$600,085	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	$43,500,000	BOYAmt
EOY	$19,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$460,117,814	BOYAmt
EOY	$508,030,682	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$507,558,334	BOYAmt
EOY	$530,832,248	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	$80,173,341	BOYAmt
EOY	$87,721,686	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$80,173,341	BOYAmt
EOY	$87,721,686	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$587,731,675	BOYAmt
EOY	$618,553,934	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$6,852,015	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$696,330	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	$2,493,074	OtherCostOrOtherBasisAmt
Book Value	$2,493,074	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$13,123,755	OtherCostOrOtherBasisAmt
Depreciation	$7,268,816	DepreciationAmt
Book Value	$5,854,939	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	$9,620,603	OtherCostOrOtherBasisAmt
Depreciation	$8,056,186	DepreciationAmt
Book Value	$1,564,417	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$9,912,430	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARES	Desc
Amt	$508,030,682	Amt

Field	Value	IRS element (for citing)
Total Liability	$508,030,682	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 TAX 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, 2019 and 2018.

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	$11,000	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
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	$173,180	$0	$7,000	$0	$26,742	$0	$29,392	$0	$22,111	$0	$258,425	$0	$26,190	$0
TIM LUKOMSKI
CHIEF FINANCIAL OFFICER	$111,934	$0	$3,956	$0	$17,157	$0	$19,675	$0	$30,604	$0	$183,326	$0	$16,925	$0
BRYAN MYERS
COO	$110,558	$0	$3,749	$0	$216	$0	$22,671	$0	$18,896	$0	$156,090	$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. Distributions from the plan for 2019 are as follows: KEVIN SPARKS, PRESIDENT - $26,190 TIM LUKOMSKI, CFO - $16,925 CONTRIBUTIONS TO THE PLAN FOR 2019 ARE AS FOLLOWS: KEVIN SPARKS, PRESIDENT - $14,349 TIM LUKOMSKI, CFO - $9,568 Bryan Myers, COO - $13,133

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (4 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	$157,217	false	false	Yes (true)
TIM LUKOMSKI
CFO	RV	Yes (X)	$56,307	$52,528	false	false	Yes (true)
TIM LUKOMSKI
CFO	HOME EQUITY	Yes (X)	$5,000	$4,999	false	false	Yes (true)
BRYAN MYERS
COO	AUTO	Yes (X)	$30,000	$3,902	false	false	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$218,646	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 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 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	$160,031	$0	CRANE CREDIT UNION
CRANE FCU PROPERTIES
1 W GATE DRIVE	ODON	IN	47562	271537278	PROPERTY MANAGEMENT	IN	$0	$0	CRANE CREDIT UNION