Crane Credit Union: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: Crane Credit Union (EIN 35-0978599)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-14
IRS object ID: 202533189349313603
Schema version: 2024v5.1
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	2025-11-14T15:59:45+00:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	440160260	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	820 Massachusetts Ave Suite 1370	AddressLine1Txt
City	Indianapolis	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46204	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	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	8128637125	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	ALVIN LECHER	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	8128637125	PhoneNum
Signature	2025-11-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Michael Summers	PreparerPersonNm
PTIN	P00838533	PTIN
Phone	3173834000	PhoneNum
Preparation	2025-11-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ALVIN LECHER	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	$63,536,663	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	We build life-long relationships by supporting financial needs, dreams, and possibilities.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	0	VotingMembersIndependentCnt
Total Employee	231	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$220,753	TotalGrossUBIAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$45,159,273	PYProgramServiceRevenueAmt
CY Program Service Revenue	$52,675,299	CYProgramServiceRevenueAmt
PY Investment Income	$6,495,053	PYInvestmentIncomeAmt
CY Investment Income	$8,942,902	CYInvestmentIncomeAmt
PY Other Revenue	$186,114	PYOtherRevenueAmt
CY Other Revenue	$152,794	CYOtherRevenueAmt
PY Total Revenue	$51,840,440	PYTotalRevenueAmt
CY Total Revenue	$61,770,995	CYTotalRevenueAmt
PY Grants And Similar Paid	$20,400	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$31,500	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$14,074,654	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$15,741,075	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$26,981,487	PYOtherExpensesAmt
CY Other Expenses	$33,792,751	CYOtherExpensesAmt
PY Total Expenses	$41,076,541	PYTotalExpensesAmt
CY Total Expenses	$49,565,326	CYTotalExpensesAmt
PY Revenues Less Expenses	$10,763,899	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$12,205,669	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,044,861,009	TotalAssetsBOYAmt
Total Assets EOY	$1,047,751,007	TotalAssetsEOYAmt
Total Liabilities BOY	$946,633,146	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$934,893,379	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$98,227,863	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$112,857,628	NetAssetsOrFundBalancesEOYAmt
Mission	We build life-long relationships by supporting financial needs, dreams, and possibilities.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	During the year, the Credit Union granted 11,160 new loans totaling $312,052,962. In addition, total membership increased by 155 members. Overall, the Credit Union provides financial services to 68,097 members.	Desc
Total Program Service Expenses	$0	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
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
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
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
Transaction With Control Ent	false	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	10500	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	231	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	0	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
Written Policy Or Procedure	false	WrittenPolicyOrProcedureInd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ALVIN LECHER	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 (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	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	0.0	Yes (X)	Yes (X)	$28,050	$0	$0
Dale L Padgett Jr
Vice Chairman	4.0	0.0	Yes (X)	Yes (X)	$27,700	$0	$0
David H Frye
Secretary	4.0	0.0	Yes (X)	Yes (X)	$27,750	$0	$0
Gary E Gray Jr
Chairman	4.0	0.0	Yes (X)	Yes (X)	$25,500	$0	$0
Kenneth R Greenwell
Board Member	4.0	0.0	Yes (X)	Yes (X)	$27,550	$0	$0
Douglas R Ranard
Supervisory	4.0	0.0	Yes (X)		$12,800	$0	$0
Jeffery Lee Schafer
Director	4.0	0.0	Yes (X)		$24,700	$0	$0
Patricia Herndon
Director	4.0	0.0	Yes (X)		$24,250	$0	$0
Quentin D Hays
Supervisory	4.0	0.0	Yes (X)		$11,500	$0	$0
Susan E Jones
Supervisory	4.0	0.0	Yes (X)		$9,700	$0	$0
Alvin Lecher
Chief Financial Officer	40.0	0.0		Yes (X)	$210,802	$0	$29,975
Bryan Myers
Chief Operating Officer	40.0	0.0		Yes (X)	$189,424	$0	$27,963
Gary Michael Wiggington
Chief Technology Officer	40.0	0.0		Yes (X)	$174,565	$0	$30,323
Kevin Sparks
CEO/President	40.0	0.0		Yes (X)	$322,307	$0	$37,052
Danielle Combs
VP of Risk Management	40.0	0.0			$120,588	$0	$9,727	Yes (X)
Dennis Ryan Lee
VP of Operations	40.0	0.0			$124,228	$0	$25,573	Yes (X)
Jeremy Vehslage
VP of Lending	40.0	0.0			$130,461	$0	$19,515	Yes (X)
Richard Harris
IT Manager	40.0	0.0			$114,954	$0	$19,870	Yes (X)
Stacy Lengacher
VP of Operations	40.0	0.0			$123,617	$0	$14,891	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,730,446	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$214,889	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	20	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
QSI Inc
107 Schuler Dr	Bardstown	KY	40004	ATM	$1,073,019
Electronic Strategies Inc
8050 Castleway Dr	Indianapolis	IN	46250	IT Consulting	$1,050,672
Jack Henry & Associates
663 W Highway 60	Monett	MO	65708	Core banking system	$923,457
Access Softek Inc
727 Alston Way	Berkley	CA	94710	Electronic banking	$543,938
CDW Direct LLC
200 N Milwaukee Ave	Vernon Hills	IL	600611577	IT Hardware	$263,958

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	21	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	$42,494,792	$42,494,792
INTERCHANGE ON INCOME	522130	$6,326,081	$6,326,081
SERVICE CHARGES & FEES	522130	$1,795,161	$1,687,102	$108,059
LOAN FEES & CHARGES	522130	$1,012,431	$1,012,431
OTHER NON-INTEREST INCOME	522130	$1,046,834	$1,046,834

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	$52,675,299	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,138,798	TotalRevenueColumnAmt
Exclusion	$9,138,798	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$75,020	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$55,603	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$19,417	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$19,417	TotalRevenueColumnAmt
Exclusion	$19,417	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$1,514,169	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$1,710,065	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$195,896	SecuritiesAmt
Other	$0	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$195,896	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$195,896	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SHARED BRANCHING	522130	$112,694	$112,694
LIFE INSURANCE CSV	522100	$20,683		$20,683

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	$133,377	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$61,770,995	TotalRevenueColumnAmt
Related Or Exempt Func Income	$52,392,027	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$220,753	UnrelatedBusinessRevenueAmt
Exclusion	$9,158,215	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$31,500	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$897,098	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$12,657,200	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$139,408	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$81,630	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,965,739	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$36,246	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$163,012	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,986,023	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$980,795	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$984,826	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$165,013	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,010,880	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$138,814	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$15,499,500	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$3,135,749	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$274,554	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
DATA PROCESSING FEES	$3,575,352
PROVISION FOR LOAN LOSS	$2,362,840
LOAN SERVICING EXPENSE	$393,850
EDUCATION AND PROMOTION	$548,422

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,536,875	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$49,565,326	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$8,209,639	BOYAmt
EOY	$9,201,959	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$87,419,190	BOYAmt
EOY	$70,177,225	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,907,839	BOYAmt
EOY	$3,367,114	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$56,209	BOYAmt
EOY	$74,653	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$2,248,808	BOYAmt
EOY	$2,162,798	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	$739,116,973	BOYAmt
EOY	$771,340,342	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$991,434	BOYAmt
EOY	$881,750	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$41,767,167	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$29,485,659	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$11,735,134	BOYAmt
EOY	$12,281,508	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$164,749,128	BOYAmt
EOY	$152,672,137	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	$9,915,869	BOYAmt
EOY	$9,915,869	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$17,510,786	BOYAmt
EOY	$15,675,652	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,044,861,009	BOYAmt
EOY	$1,047,751,007	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$7,306,819	BOYAmt
EOY	$5,850,033	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$1,028,563	BOYAmt
EOY	$1,165,010	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$126,077,948	BOYAmt
EOY	$75,053,964	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$812,219,816	BOYAmt
EOY	$852,824,372	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$946,633,146	BOYAmt
EOY	$934,893,379	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	$98,227,863	BOYAmt
EOY	$112,857,628	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$98,227,863	BOYAmt
EOY	$112,857,628	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,044,861,009	BOYAmt
EOY	$1,047,751,007	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$12,205,669	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$2,424,096	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
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	$2,813,799	OtherCostOrOtherBasisAmt
Book Value	$2,813,799	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$17,202,933	OtherCostOrOtherBasisAmt
Depreciation	$10,972,142	DepreciationAmt
Book Value	$6,230,791	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	$21,430,249	OtherCostOrOtherBasisAmt
Depreciation	$18,193,331	DepreciationAmt
Book Value	$3,236,918	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$12,281,508	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
Federal Income Taxes
MEMBERS' SHARES	$852,824,372

Field	Value	IRS element (for citing)
Total Liability	$852,824,372	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Other Revenue	$0	OtherRevenueAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$0	RevenueSubtotalAmt
Other Revenues Not Included	$0	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$0	TotalRevenuePerForm990Amt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$0	ExpensesSubtotalAmt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$0	TotalExpensesPerForm990Amt

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 ON DECEMBER 31, 2024, AND 2023.

Schedule I IRS990ScheduleI

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	21	RecipientCnt
Cash Grant	$31,500	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 (4 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
CEO/President	$269,276	$0	$25,000	$0	$28,031	$0	$30,500	$0	$6,552	$0	$359,359	$0	$0	$0
Alvin Lecher
Chief Financial Officer	$180,323	$0	$9,583	$0	$20,896	$0	$23,000	$0	$6,975	$0	$240,777	$0	$0	$0
Bryan Myers
Chief Operating Officer	$159,564	$0	$8,865	$0	$20,995	$0	$19,082	$0	$8,881	$0	$217,387	$0	$0	$0
Gary Michael Wiggington
Chief Technology Officer	$149,325	$0	$7,936	$0	$17,304	$0	$19,893	$0	$10,430	$0	$204,888	$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 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 457(F) 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 2024 ARE AS FOLLOWS: KEVIN SPARKS, PRESIDENT - $14,800 GARY MICHEL WIGGINTON, VP IT - $8,203 DANIELLE COMBS, VP RISK MANAGEMENT - $17,806 JEREMY VEHSLAGE, VP OF MEMBER EXPERIENCE - $22,044 MARISSA LYNCH, AVP OF HR - $14,124 ALVIN LECHER, CFO - $42,600 BRYAN MYERS, COO - $19,831

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (17 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
MIKE WIGGINGTON
VP OF IT	PRIMARY RESIDENCE	Yes (X)	$170,000	$123,881	false	false	Yes (true)
BRYAN MYERS
CHIEF OPERATING OFFICER	AUTO	Yes (X)	$29,000	$3,295	false	false	Yes (true)
BRYAN MYERS
CHIEF OPERATING OFFICER	PRIMARY RESIDENCE	Yes (X)	$132,450	$81,895	false	false	Yes (true)
DEREK WOLFE
EXECUTIVE	PRIMARY RESIDENCE	Yes (X)	$240,000	$178,685	false	false	Yes (true)
DANIELLE COMBS
EXECUTIVE	AUTO	Yes (X)	$40,072	$21,249	false	false	Yes (true)
DANIELLE COMBS
EXECUTIVE	PRIMARY RESIDENCE	Yes (X)	$224,000	$175,336	false	false	Yes (true)
KEVIN SPARKS
CHIEF EXECUTIVE OFFICER	PRIMARY RESIDENCE	Yes (X)	$323,874	$322,722	false	false	Yes (true)
KEVIN SPARKS
CHIEF EXECUTIVE OFFICER	AUTO	Yes (X)	$26,937	$20,919	false	false	Yes (true)
JEREMY VEHSLAGE
EXECUTIVE	AUTO	Yes (X)	$67,861	$53,425	false	false	Yes (true)
JEREMY VEHSLAGE
EXECUTIVE	PRIMARY RESIDENCE	Yes (X)	$492,500	$460,386	false	false	Yes (true)
JEREMY VEHSLAGE
EXECUTIVE	HELOC	Yes (X)	$28,364	$23,425	false	false	Yes (true)
RYAN LEE
EXECUTIVE	AUTO	Yes (X)	$30,700	$8,960	false	false	Yes (true)
RYAN LEE
EXECUTIVE	PRIMARY RESIDENCE	Yes (X)	$133,000	$65,099	false	false	Yes (true)
DAVID FRYE
BOARD MEMBER	PRIMARY RESIDENCE	Yes (X)	$160,000	$42,614	false	false	Yes (true)
QUENTIN HAYS
BOARD MEMBER	PRIMARY RESIDENCE	Yes (X)	$384,000	$380,887	false	false	Yes (true)
QUENTIN HAYS
BOARD MEMBER	SECONDARY RESIDENCE	Yes (X)	$133,799	$44,731	false	false	Yes (true)
SUSAN JONES
BOARD MEMBER	PRIMARY RESIDENCE	Yes (X)	$156,000	$155,289	false	false	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$2,162,798	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.
Form 990, Part VI, Line 8B Governing Body and Management	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 15B Governance, Management and Disclosure: Policies	THE PRESIDENT/CEO DETERMINES THE COMPENSATION OF THE OTHER EMPLOYEE(S) OF THE ORGANIZATION. COMPENSATION IS REVIEWED ANNUALLY.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CRANE FCU PROPERTIES	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)
EIN	271537278	EIN
Primary Activities	PROPERTY MANAGEMENT	PrimaryActivitiesTxt
Legal Domicile State	IN	LegalDomicileStateCd
Total Income	$70,620	TotalIncomeAmt
End Of Year Assets	$1,153,657	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CRANE CU	BusinessNameLine1Txt