2019-05-14T17:02:48-05:00 2018-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2018-01-01 350978599 Crane Credit Union CRAN 8128637115 1 W GATE DRIVE ODON IN 47562 KEVIN SPARKS CEO 2019-05-14 true danielle tewes P01327423 3128997000 2018 2020-01-14 16:20:31Z KEVIN SPARKS 1 W GATE DRIVE ODON IN 47562 29011238 false X WWW.CRANECU.ORG X 1955 IN PROMOTE THRIFT, PROVIDE CREDIT AT COMPETITIVE RATES, AND PROVIDE FINANCIAL SERVICES TO MEMBERS. 10 10 165 0 114626 19729 0 22469326 25675811 2073022 2447478 252374 430511 24794722 28553800 11000 11000 0 8026697 8434247 0 0 11386581 13744632 19424278 22189879 5370444 6363921 554439656 587731675 480128276 507558334 74311380 80173341 COOPERATIVELY PROMOTE MEMBER THRIFT BY PROVIDING FINANCIAL SERVICES AND BENEFITS FOR OUR MEMBERSHIP. false false DURING THE YEAR THE CREDIT UNION GRANTED 15,186 LOANS TOTALING $214,546,248. IN ADDITION, 9,274 NEW MEMBERSHIPS WERE OPENED. OVERALL THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO OVER 49,700 MEMBERS. 0 false false false false false false true false true false false false true true false true false false false false false false false false false false true true false true false false false false false false false false true false false false true 10525 0 true 165 true true true false false false false false false false X 10 10 false false false false true true true true true false false true true true false false true false false false X TIM LUKOMSKI 8128637000 1 W GATE DRIVE ODON IN 47562 GARY E GRAY JR CHAIRMAN 4.0 X X 16125 0 0 DALE L PADGETT JR VICE CHAIRMAN 4.0 X X 17900 0 0 DAVID H FRYE SECRETARY 4.0 X X 16875 0 0 BRUCE W CUMMINGS TREASURER 4.0 X X 14275 0 0 KENNETH R GREENWELL DIRECTOR 4.0 X 18000 0 0 JEFFREY L SCHAFER DIRECTOR 4.0 X 16400 0 0 PATRICIA HERNDON DIRECTOR 4.0 X 13775 0 0 ROBERT DOWNS CHIEF EXECUTIVE OFFICER (RETIRED IN 2018) 40.0 X 271390 0 15613 KEVIN SPARKS PRESIDENT 40.0 X 170876 0 98802 TIM LUKOMSKI CHIEF FINANCIAL OFFICER 40.0 X 106621 0 72904 BRYAN MYERS COO 40.0 X 108607 0 15226 LINDA BROWN CHIEF OPERATIONS OFFICER (RETIRED IN 2018) 40.0 X 50225 0 10044 MICHEL GARY WIGGINGTON VP IT 40.0 X 87770 0 39322 PAUL VOGLER CORPORATE ATTORNEY 40.0 X 135730 0 11221 1044569 0 263132 5 false true false JACK HENRY AND ASSOCIATES 663 W HIGHWAY 60 MONETT MO 65708 CORE BANKING SYSTEM 274135 QSI 107 Schuler Dr Bardstown KY 40004 ATM 264676 CUNA MUTUAL GROUP PO BOX 2964 MILWAUKEE WI 72212 BOND 233367 WINDSTREAM 4001 N RODNEY PARHAM RD LITTLE ROCK AR 72212 COMMUNICATION PROVIDER 209556 ACCESS SOFTEK 727 ALSTON WAY BERKELEY CA 94710 ELECTRONIC BANKING 206164 8 0 INTEREST ON LOANS 522100 19509215 19509215 INTERCHANGE ON INCOME 522100 3629764 3629764 SERVICE CHARGES & FESS 522100 1553397 1464232 89165 OTHER NON-INTEREST INCOME 522100 660143 634682 25461 LOAN FEES AND CHARGES 522100 323292 323292 0 0 0 0 25675811 2493496 2493496 94537 35473 59064 0 59064 59064 375947 421965 0 -46018 -46018 -46018 LIFE INSURANCE CSV 522100 259594 259594 SHARED BRANCHING 900099 111853 111853 0 0 0 0 371447 28553800 25932632 114626 2506542 11000 6170304 577263 1237912 448768 140588 101000 731565 0 0 0 764735 385463 166260 1289384 71304 2414482 1576885 264386 DATA PROCESSING FEES 1782442 LOAN SERVICING EXPENSE 1629143 PROVISION FOR LOAN LOSS 1104253 EDUCATION AND PROMOTION 658297 664445 0 0 0 22189879 0 0 0 4750553 4962843 27036362 27894538 1196401 1320380 464651 394988 0 0 351555 392762784 448053419 429416 586840 9840601 0 10428419 9840601 88641706 72183413 0 0 28729364 22143098 554439656 587731675 2966805 3393707 479571 546813 0 0 26500000 43500000 450181900 460117814 480128276 507558334 X 0 0 74311380 80173341 74311380 80173341 554439656 587731675 6363921 -501960 0 X false true X true false false true X 2493074 2493074 5755061 5755061 1592466 1592466 9840601 MEMBERS' SHARES 460117814 460117814 X 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. AN EXEMPT ORGANIZATION RETURN AND UNRELATED BUSINESS INCOME TAX RETURNS ARE FILED ANNUALLY WITH THE APPLICABLE FEDERAL AND STATE JURISDICTIONS. 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. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2018 AND 2017. true SCHOLARSHIPS 11 11000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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%. X true true X false true false ROBERT DOWNS CHIEF EXECUTIVE OFFICER (RETIRED IN 2018) 250452 0 20000 0 938 0 15613 0 0 0 287003 0 0 0 KEVIN SPARKS PRESIDENT 165086 0 5430 0 360 0 77820 0 20982 0 269678 0 0 0 TIM LUKOMSKI CHIEF FINANCIAL OFFICER 102793 0 3619 0 209 0 51922 0 20982 0 179525 0 0 0 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 SEVERAL MEMBERS OF EXECUTIVE MANAGEMENT PARTICIPATE IN A NON-QUALIFIED RETIREMENT PLAN. Distributions from the plan for 2018 are as follows: Robert Downs, CEO - $165,000 CONTRIBUTIONS TO THE PLAN FOR 2018 ARE AS FOLLOWS: KEVIN SPARKS, PRESIDENT - $63,615 TIM LUKOMSKI, CFO - $42,583 Bryan Myers, COO - $13,133 Michel Wiggington, VP IT - $10,525 TIM LUKOMSKI CFO PRIMARY RESIDENCE X 144900 131762 false false true TIM LUKOMSKI CFO RV X 56307 55707 false false true TIM LUKOMSKI CFO HOME EQUITY X 37500 37500 false false true BRYAN MYERS COO AUTO X 30000 11692 false false true BRYAN MYERS COO PRIMARY RESIDENCE X 156000 99076 false false true MIKE WIGGINGTON VP of IT AUTO X 19036 2999 false false true MIKE WIGGINGTON VP of IT PRIMARY RESIDENCE 170000 150349 false false true MIKE WIGGINGTON VP of IT HOME EQUITY X 30000 9486 false false true MIKE WIGGINGTON VP of IT UNSECURED X 5393 3333 false false true 501904 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. 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. CRANE TITLE LLC 1 W GATE DRIVE ODON IN 47562 271534978 LEGAL SERVICES AND TITLE WORK IN 54603 0 CRANE CREDIT UNION CRANE FCU PROPERTIES 1 W GATE DRIVE ODON IN 47562 271537278 PROPERTY MANAGEMENT IN 0 0 CRANE CREDIT UNION