2020-11-15T10:11:31-06:00 2019-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-01-01 350885381 Centra Credit Union % ALVIN G LECHER CENT 8123769771 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 DAVID MANN CFO 8123769771 2020-11-15 true MICHAEL J SUMMERS P00838533 3173834000 2020-11-15 167.68.126.162 43033020203205000015 2020-11-15 P FFE40E3CCC58A84EF90C7B105D7A65E9E65BACF5 E43C2FEF5D838BC286DC3B96AF984EDC8464B4B8 2019 2021-04-22 16:20:28Z RICK SILVERS 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 83495107 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 4 465 13 360370 -16014 0 0 74021859 82833136 522221 661971 0 0 74544080 83495107 0 0 0 0 19407031 21563033 0 0 0 41593462 48341687 61000493 69904720 13543587 13590387 1468696851 1559069587 1277521035 1350493207 191175816 208576380 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 23465 0 true 465 true true true false false false false false false false X 9 4 false false false false true true false true true false true true false true true true true true true false false IN X ALVIN G LECHER 8123769771 3801 TUPELO DRIVE PO BOX 789 COLUMBUS IN 47202 X RICK SILVERS CEO 45.0 0.0 X 514533 0 63091 DAVID MANN CHIEF FINANCE OFFICER 45.0 0.0 X 263189 0 16494 PATRICIA KNORR CHIEF EXPERIENCE OFFICER 45.0 0.0 X 238133 0 25256 CHRISTOPHER BOTTORFF SOUTH REGION PRESIDENT AND CSO 45.0 0.0 X 228708 0 30735 BRAD DAVIS CHIEF CREDIT OFFICER 45.0 0.0 X 225488 0 21862 PAUL ADRIAN CHIEF INFORMATION OFFICER 45.0 0.0 X 216495 0 18501 DOUGLAS SHARKEY SVP MORTGAGE 45.0 0.0 X 161386 0 21636 KARL KISSINGER SVP BUSINESS SERVICES 45.0 0.0 X 140632 0 24578 MELISSA JEWELL SVP TEAM MEMBER EXPERIENCE 45.0 0.0 X 136896 0 14716 ALVIN LECHER VP ACCOUNTING 45.0 0.0 X 126366 0 24169 MARGARET ALLISON MORTGAGE LOAN ORIGINATOR 45.0 0.0 X 136408 0 13544 BRIAN MCBROOM SECRETARY/TREASURER 3.63 0.0 X 14441 0 0 MARY STROH BOARD CHAIR 3.67 0.0 X 13200 0 0 JIM BICKEL VICE CHAIR 2.71 0.0 X 11100 0 0 LORETTA BURD BOARD MEMBER 3.44 0.0 X 11100 0 0 KESAVAN VENUGOPAL BOARD MEMBER 3.23 0.0 X 11100 0 0 ALAN DEGNER BOARD MEMBER 2.36 0.0 X 9600 0 0 AMBER FISCHVOGT BOARD MEMBER 2.96 0.0 X 9600 0 0 DONALD JACKSON BOARD MEMBER 3.38 0.0 X 9600 0 0 RANDY PROFFITT BOARD MEMBER 3.55 0.0 X 9600 0 0 2487575 0 274582 25 false true false FORCE CONSTRUCTION COMPANY INC 990 N NATIONAL ROAD COLUMBUS IN 47201 OUTSIDE SERVICES 8458828 FISERV 2307 DIRECTORS ROW INDIANAPOLIS IN 46241 OUTSIDE SERVICES 3880788 QSI INC 107 SCHULER DRIVE BARDSTOWN KY 40004 OUTSIDE SERVICES 1826784 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY SAINT PETERSBURG FL 33716 OUTSIDE SERVICES 1163113 ATT INC 208 S AKARD STREET DALLAS TX 75202 OUTSIDE SERVICES 803124 11 0 INTEREST - LOANS 522100 53508149 53508149 SERVICE & MEMBER FEES 522100 10770592 10410222 360370 INT-INVEST SECURITIES 523000 4874530 4874530 CREDIT CARD INCOME 522200 7865853 7865853 INSURANCE COMMISSIONS 524113 2600938 2600938 3213074 3213074 82833136 0 0 0 0 0 0 661971 661971 661971 661971 0 0 0 0 0 0 0 0 0 0 83495107 83134737 360370 X 0 0 0 0 2144848 0 13933957 405186 3968338 1110704 0 1568545 238988 0 0 0 0 676310 1956795 5104815 0 3928088 134672 0 264408 13841609 0 2813719 393947 BAD DEBT EXPENSE 3946196 OUTSIDE SERVICES 2407851 LOAN SERVICING EXPENSE 2633914 COLLECTIONS 868029 7563801 69904720 10190723 13560707 76169613 80983243 0 0 0 0 0 5142420 0 0 1112862780 1221050542 0 0 0 0 45958582 16805869 19761258 29152713 0 0 226568435 181954578 0 0 0 0 23144042 27225384 1468696851 1559069587 0 0 0 0 0 0 0 0 1554889 1707775 0 0 0 0 0 0 1275966146 1348785432 1277521035 1350493207 X 0 0 0 0 191175816 208576380 191175816 208576380 1468696851 1559069587 X 13590387 3894483 -84306 X false true X true false 6500 6500 6500 false INDIANA CREDIT UNION PAC 5975 CASTLE CREEK PRKWY N DR INDIANAPOLIS IN 46250 237305600 6500 0 PART I-A, LINE 1 DESCRIPTION OF POLITICAL CAMPAIGN ACTIVITIES: CENTRA CREDIT UNION MADE A DISTRIBUTION IN THE AMOUNT OF $6,500 TO THE INDIANA CREDIT UNION POLITICAL ACTION COMMITTEE, A SECTION 527 ORGANIZATION. false true X 3313999 3313999 15497629 9994541 5503089 2552864 1417951 1134914 12826537 5393377 7433158 11767553 11767553 29152713 AVAILABLE FOR SALE SECURITIES 163085753 F HELD TO MATURITY SECURITIES 18868825 C 181954578 0 MEMBERS' DEPOSITS 1290525970 FHLB ADVANCES 43000000 OTHER LIABILITIES 15259462 1348785432 68943342 3894483 3894483 65048859 18446248 18446248 83495107 51458472 51458472 18446248 18446248 69904720 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 FIN 48 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 13,990,040 LOAN LOSSES 4,456,208 TOTAL ADJUSTMENT $ 18,446,248 X false true X false true false RICK SILVERS CEO 429798 0 79995 0 4740 0 33400 0 29691 0 577624 0 0 0 PAUL ADRIAN CHIEF INFORMATION OFFICER 182027 0 34468 0 0 0 6498 0 12003 0 234996 0 0 0 DAVID MANN CHIEF FINANCE OFFICER 222128 0 41061 0 0 0 6148 0 10346 0 279683 0 0 0 PATRICIA KNORR CHIEF EXPERIENCE OFFICER 199720 0 38413 0 0 0 6152 0 19104 0 263389 0 0 0 BRAD DAVIS CHIEF CREDIT OFFICER 189215 0 36273 0 0 0 5777 0 16085 0 247350 0 0 0 CHRISTOPHER BOTTORFF SOUTH REGION PRESIDENT AND CSO 191825 0 36883 0 0 0 5861 0 24874 0 259443 0 0 0 ALVIN LECHER VP ACCOUNTING 112328 0 14038 0 0 0 4084 0 20085 0 150535 0 0 0 DOUGLAS SHARKEY SVP MORTGAGE 138708 0 22678 0 0 0 4947 0 16689 0 183022 0 0 0 MELISSA JEWELL SVP TEAM MEMBER EXPERIENCE 119185 0 17711 0 0 0 3583 0 11133 0 151612 0 0 0 KARL KISSINGER SVP BUSINESS SERVICES 120359 0 20273 0 0 0 4463 0 20115 0 165210 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 COMPENSATION. 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 2019. CHRISTOPHER BOTTORFF SOUTH REGION PRESIDENT AND CEO SPLIT DOLLAR LIFE IN X 1175000 1129410 false true true BRAD DAVIS CHIEF CREDIT OFFICER SPLIT DOLLAR LIFE IN X 725000 696870 false true true PATRICIA KNORR CHIEF EXPERIENCE OFFICER SPLIT DOLLAR LIFE IN X 1600000 1537920 false true true DAVID MANN CHIEF FINANCE OFFICER SPLIT DOLLAR LIFE IN X 1850000 1778220 false true true 5142420 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 SHAREHOLDER. 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 VICE PRESIDENT OF ACCOUNTING 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 $(84,306) FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:INTERNAL CFS APPRAISALS TOTAL EXPENSES:636576 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FRANCHISE TAXES PAID TOTAL EXPENSES:333954 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ASSOCIATION DUES TOTAL EXPENSES:106710 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:6486561 CENTRA FINANCIAL SERVICES LLC 1430 NATIONAL ROAD COLUMBUS IN 47202 BANKING IN 1376487 7401750 CENTRA CU