2011-11-10T12:55:24-07:00 2010-12-31 990 2010-01-01 350987917 INDIANA UNIVERSITY CREDIT UNION INDI 8128557823 105 E Winslow Rd Bloomington IN 47401 Chris Hawk 8128557823 2011-11-10 2010 2016-02-24 21:20:13Z Bryan W Price 105 E Winslow Rd Bloomington IN 47401 30215649 0 X www.iucu.org X State chartered Credit Union not for profit 1956 IN State chartered credit union 11 11 231 16 238509 -33984 0 0 20348510 18880488 5045653 3830044 9862652 7505117 35256815 30215649 0 0 0 0 10583773 10798265 0 0 0 20745432 15715465 31329205 26513730 3927610 3701919 620055799 631755855 7914614 7238973 612141185 624516882 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14) ($0 program service expense) 0 0 0 0 29977140 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14) ($0 program service expense) 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12978 0 1 231 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 1 1 1 IN X Chris Hawk 8128557823 105 E Winslow Rd Bloomington IN 47401 X William Hicks 4 X 0 0 0 Sue Talbot 2 X 1103 0 0 Larry Polley 2 X 0 0 0 John Whikehart 2 X 0 0 0 Hannah Buxbaum 2 X 0 0 0 Bruce Jaffee 2 X 0 0 0 PA Mack Jr 2 X 0 0 0 Scott Smart 2 X 0 0 0 Tim Thrasher 2 X 1637 0 0 Yolanda Trevino 2 X 0 0 0 Don Weaver 2 X 0 0 0 Bryan W Price 40 X 311430 0 46249 Andrew Allard 40 X 166055 0 31555 Julie Ragsdale 40 X 138541 0 28804 Mark Weigle 40 X 129224 0 29486 David Sipes 40 X 107144 0 25664 Chris Hawk 40 X 99847 0 25035 John Miller 40 X 124994 0 27449 1079975 0 214242 7 0 1 0 Fiserv 75 Remittance DR-Suite 6974 Chicago IL 60675 core credit union operating software 426721 Fidelity National Information Services PO Box 18012 Ashburn VA 20146 online banking service 251398 Diebold PO Box 643543 Pittsburgh PA 152643543 ATM service and security 213425 Baugh Enterprises Inc 1611 S Rogers St Bloomington IN 47403 printing and promotional materials 187164 Xpress Data Inc 10983 Via Frontear San Diego CA 92127 member account statement service 127380 12 0 Loan interest income 522130 18880488 18880488 0 0 0 0 0 0 18880488 3212836 3212836 0 0 0 0 0 0 0 0 0 0 4200 0 0 0 4200 0 4200 0 4200 0 0 617208 0 0 0 617208 617208 617208 0 0 Overdraft and return fee inc 522130 3299960 3299960 0 0 Debit and Visa interch inc 522130 2449192 2449192 0 0 Account transfer fees 522130 243515 243515 0 0 1508250 1273941 234309 0 7500917 30215649 29977140 238509 0 0 0 0 0 1294217 0 6471662 618525 1828434 585427 0 51650 130702 0 0 0 0 654083 1240356 1325099 0 977709 95654 0 96893 4542623 0 954211 77400 Provision for loan losses 1216206 ATM debit and Visa card exp 956701 Corporate CU stabilization exp 712487 Corp CU capital impairment 701816 NCUSIF premium exp 658389 1323486 26513730 0 0 0 6015275 6380711 79984403 61291834 0 0 2502207 2368467 729335 403015 0 0 355499480 350602446 0 0 925860 465002 21974740 11733799 10329163 10240941 156226511 191506726 1647600 1851000 6195965 6645713 620055799 631755855 1331412 569072 2873488 2862511 3709714 3807390 7914614 7238973 X 536916431 545002560 16928935 19489023 58295819 60025299 612141185 624516882 620055799 631755855 X 3701919 8673778 X 0 1 1 X 0 116 0 0 116 116 0 ICUPAC PO Box 503406 Indianapolis IN 46250 352034543 116 0 SchC_P1A_S00_L01 Schedule C, Part I-A, Line 1 The Credit Union purchases Coins of America from the Indiana Credit Union League. The fundraising efforts are then used to lobby on behalf of credit unions within the state. 1915745 0 1915745 10966059 0 5355290 5610769 1285034 0 813378 471656 7807902 0 5565131 2242771 0 0 0 0 10240941 0 Accrued salary and benefit expense 1949320 Other liabilities 1858070 3807390 30215649 26513730 3701919 0 0 0 0 0 0 3701919 30144393 0 0 0 0 0 30144393 0 71256 71256 30215649 26442474 0 0 0 0 0 26442474 0 71256 71256 26513730 SchD_P10_S00_L02 Schedule D, Part X, Line 2 Management has evaluated our income tax positions under the guidance included in ASC740. Based on our review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Inter-company fees and expenses paid on behalf of the Credit Union's wholly-owned CUSO totaling $71,256 were eliminated in the 2010 audited financial statements. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Inter-company fees and expenses paid on behalf of the Credit Union's wholly-owned CUSO totaling $71,256 were eliminated in the 2010 audited financial statements. X 1 1 X X X X 0 0 0 Bryan W Price 311430 0 0 0 0 0 31627 0 14622 0 357679 0 0 0 Andrew Allard 166055 0 0 0 0 0 16933 0 14622 0 197610 0 0 0 Julie Ragsdale 138541 0 0 0 0 0 14182 0 14622 0 167345 0 0 0 Mark Weigle 129224 0 0 0 0 0 13186 0 16299 0 158709 0 0 0 John Miller 124994 0 0 0 0 0 12827 0 14622 0 152443 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The Credit Union pays for Board member companion travel within specified policy limits. Loans to directors and executives representing multiple loans X 711373 403015 0 1 1 403015 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The Credit Union has member-owners based on membership requirements. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The Credit Union has a nomination and election process for selecting directors to the Board. This process is based on written Board policy. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The forms 990, 990T and supporting schedules are prepared by the Accounting department and VP of Finance. The forms are reviewed by the Credit Union's external audit partner, Credit Union CEO and management. The forms are presented to the Board for review and comment prior to beign filed with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All parties are required to report a conflict as soon as a conflict arises and we seek an annual signed acknowledgement of these policies from all parties. Each policy contains examples of potential conflicts. If the volunteer or staff members are unsure whether a conflict exists, they are directed to the appropriate resource for guidance. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board of Directors is responsible for reviewing and establishing CEO compensation. The CEO and VP, CAO establish officer and key employee salary levels. Recent national and regional bank and credit union salary surveys are reviewed, discussed and documented by the Board, CEO, and VP, CAO. These surveys take into consideration total compensation,job duties, asset size, experience, tenure, education, and geographic differentials. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Financial statements are posted in branch locations and quarterly Credit Union call reports are available on the NCUA website. Governing documents and conflict of interest policies are available upon request. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Two Credit Union directors had reportable compensation (column D) due to exceeding the $600 annual IRS 1099 threshold. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net assets increased over 2009 as Credit Union members increased their deposits which were subsequently invested or lent to other Credit Union members. IU Credit Union Business Services LLC 105 E Winslow Rd Bloomington IN 47401 272005414 Small business lending IN 0 100000 Indiana University Credit Union IU Credit Union Investment Services Inc 105 E Winslow Rd Bloomington IN 47401 351958766 Member investment services IN Indiana University Credit Union S -5225 206498 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 The Credit Union's application for extension of time to file the 990 was approved. Thank you. The extended due date is November 15, 2011.