2013-05-13T14:01:11-07:00 2012-12-31 990 2012-01-01 351082578 INTERRA CREDIT UNION INTE 5745342506 PO Box 727 Goshen IN 465270727 Rex Hochstedler 5745342506 2013-05-13 2012 2016-02-24 21:20:13Z Rex Hochstedler PO Box 727 Goshen IN 465270727 52355544 0 X www.interracu.com X 1932 IN cooperative financial institution with a mission to be our members' most trusted and valued financial resource 7 7 212 10 38755 0 0 0 22832464 23498009 3520358 3749617 0 0 26352822 27247626 0 0 4433046 3701726 8783488 8985503 0 0 0 8813095 10194215 22029629 22881444 4323193 4366182 576506487 644419074 1994071 2846573 574512416 641572501 cooperative financial institution with a mission to be our members' most trusted and valued financial resource 0 0 Number served for loans was 23,923 in the amount of $348,345,716 and number served for savings was 49,915 in the amount of $563,328,021. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 17596 0 1 212 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 1 1 1 1 1 0 IN X Alan Zimmerman 5745342506 300 W Lincoln Ave Goshen IN 46526 Steve Warner 1 0 X 1209 0 0 Kathy Brewton 1 0 X 1171 0 0 Linda Garber 1 0 X 1038 0 0 David Myers 1 0 X 960 0 0 Loren Eash 1 0 X 1003 0 0 Russ Rupp 1 0 X 972 0 0 Tim Yoder 1 0 X 815 0 0 Crystal Hooley 0.2 0 X 130 0 0 Darin Short 0.2 0 X 130 0 0 Tony Miller 0.2 0 X 130 0 0 Jack A Sheets 40 0 X 244761 0 31115 Andrew Gangwer 40 0 X 149529 0 20812 Sanford Miller 40 0 X 117346 0 22689 Rex Hochstedler 40 0 X 114563 0 22668 David Birky 40 0 X 109663 0 18938 743420 0 116222 5 0 1 0 PSCU Financial Services 560 Carillon Parkway St Petersburg FL 33716 credit and debit card processing 1557220 Velocity Solutions Inc 1710 Dawson Street Wilmington NC 28403 card utilization program 322494 Jack Henry & Associates PO Box 503328 St Louis MO 631503328 computer equipment and software 217567 Datamail Services Inc 747 E Whitcomb Madison Heights MI 480711409 mailings to members 207656 John M Floyd & Associates 125 N Burnet Dr Baytown TX 77520 servicing of account offerings 154032 7 0 Interest on loans 522130 17215065 17215065 0 0 Fee Income 522130 5607567 5607567 0 0 Other Income 522130 675377 636622 38755 0 0 0 0 0 23498009 3243572 3243572 0 0 0 0 0 0 0 0 0 0 0 0 25533816 80147 25088795 19123 445021 61024 506045 506045 0 0 0 27247626 27208871 38755 0 0 0 0 3701726 743420 6385007 621417 686735 548924 6403 95731 91000 828118 3229182 1062654 183904 1334686 592573 Loan Expenses 1039005 Allowance for Loan Losses 556242 ATM/Debit Card Expense 1067198 107519 22881444 0 0 0 3820630 4256887 22956371 17929038 0 0 131060 974222 0 0 0 0 327411213 348345716 65588 66726 458357 742114 29303088 10623753 18369611 18679335 193062866 236655161 1400000 442996 6455381 13959877 0 0 2375410 2367002 576506487 644419074 1776761 2079893 0 0 0 0 0 0 0 0 0 0 0 0 0 0 217310 766680 1994071 2846573 X 500950958 563328021 27798316 29160697 45763142 49083783 574512416 641572501 576506487 644419074 X 4366182 316840 0 0 0 62377063 X 0 1 X 1 0 2204277 0 2204277 18944309 0 4341376 14602933 0 0 0 0 8154502 0 6282377 1872125 0 0 0 0 18679335 0 Clearing Accounts 766680 766680 X 26664980 0 0 0 0 0 26664980 0 582646 582646 27247626 22174812 0 0 0 0 0 22174812 0 706632 706632 22881444 SchD_P10_S00_L02 Schedule D, Part X, Line 2 Income tax in the consolidated statements of income includes Indiana franchise tax. The credit union is exempt by statute from federal income taxes except for unrelated business income. Members Financial Managment Ceter Inc., however, is subject to federal and state income taxes. The credit union and Members Financial Management 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 years before 2008. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Financial statements are audited as of 3/31/12. This adjusts to the 12/31/12 figures. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Financial statements are audited as of 3/31/12. This adjusts to the 12/31/12 figures. X X 1 1 X X X X 0 0 0 Jack A Sheets 244761 0 0 0 0 0 0 0 31115 0 275876 0 0 0 Andrew Gangwer 149529 0 0 0 0 0 0 0 20812 0 170341 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The credit union pays for board member, board spouse, and employee business travel expenses and club dues per our written policy. Board members and executive staff Board members and executive staff Mortgages and agricultural loans X 2789569 2789569 0 1 1 2789569 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Interra Credit Union is owned by its members F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Board members and supervisory committee members are elected by the credit union's members. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b When required by state laws and our by-laws, members do vote to approve decisions of the board of directors. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the credit union's CFO. A copy is provided to all board members for review prior to filing. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation committee reviews recommendations from an independent consultant and industry comparisons to determine appropriate compensation. F990_P06_S0C_L19 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 are available upon request. F990_P11_S00_L09 Form 990, Part XI, Line 9 Increase in Members' deposits $62,377,063 Members Financial Management Center Inc PO Box 727 Goshen IN 465270727 351768194 sales of financial products IN Interra Credit Union C 37736 388556 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 Members Financial Management Center Inc f 250000 Dividends declared by board of Members Financial Management Center Inc Members Financial Management Center Inc o 19952 % of employee time spent