2022-09-15T07:44:45-07:00 2021-12-31 990 2021-01-01 350987917 INDIANA UNIVERSITY CREDIT UNION INDI 8128557823 PO Box 368 Bloomington IN 474020368 Chris Hawk SVP & Chief Financial Officer 8128557823 2022-09-15 1 11 0 AAL2 2021 2023-04-26 12:10:37Z Bryan W Price 105 E Winslow Rd Bloomington IN 47401 50961193 0 X www.iucu.org X 1956 IN State chartered credit union 11 11 237 16 16178 0 0 0 45881921 48739397 2905812 2205618 6530 16178 48794263 50961193 30545 55778 0 0 16079837 16015135 0 0 0 21608080 19614989 37718462 35685902 11075801 15275291 1349340515 1518070335 60150897 59877209 1289189618 1458193126 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14). 0 0 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14). 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 19380 0 1 237 1 1 1 0 0 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 0 X Chris Hawk 8128557823 105 E Winslow Rd Bloomington IN 47401 Bryan W Price President and CEO 40 0 X 557838 0 66695 Andrew Allard SVP, Chief Operating Officer 40 0 X 264940 0 51653 Julie Ragsdale SVP, Chief Administrative Officer 40 0 X 237803 0 48939 Chris Hawk SVP, CFO 40 0 X 203438 0 45698 Sarah Rogers SVP Business Services 40 0 X 207428 0 37013 Teddie Gambler SVP Information Technology 40 0 X 176164 0 34249 David Sipes SVP Marketing and Business Development 40 0 X 173680 0 33766 Anthony Rastall VP Business Services 40 0 X 139593 0 39282 Karen Wisley VP Information Systems 40 0 X 120308 0 37443 Amy Doan VP Business Services 40 0 X 127624 0 29508 Trish Ierino VP Sales and Service 40 0 X 122383 0 30660 Lori Forrester VP Member Service Support 40 0 X 120570 0 30422 Kim Milford Board Chair 4 0 X 1250 0 0 Dennis Cromwell Board Vice Chair 2 0 X 0 0 0 Andrea Mobley Board Secretary 2 0 X 0 0 0 Scott Smart Board Treasurer 2 0 X 0 0 0 Jon Barada Board Past Chair 2 0 X 0 0 0 Nandini Gupta Director 2 0 X 0 0 0 Brad Heim Director 2 0 X 0 0 0 Dana Henke Director 2 0 X 0 0 0 Neil Powell Director 2 0 X 0 0 0 Doris Sims Director 2 0 X 0 0 0 Veda Walcott Director 2 0 X 0 0 0 2453019 0 485328 25 0 1 0 NCR Corportation PO Box 740641 Los Angeles CA 90074 online banking, mobile tech 1154406 Jack Henry & Assoc 663 W Hwy 60 Monett MO 65708 core credit union OS 860549 Bloomington Ford 2200 S Walnut St Bloomington IN 47403 indirect loan origination 320054 Convergint Technologies 7812 Redsky Dr Cincinnati OH 45249 maintenance for ATMs/DVR/alarms 307477 Equips 3470 N 127th St Brookfield WI 53005 equipment maintenance 276934 25 0 0 0 0 0 0 0 0 Loan interest income 522130 35124308 35124308 0 0 Debit and credit card interchange inc 522130 6813963 6813963 0 0 Overdraft and return fee income 522130 2094605 2094605 0 0 Business owned life insurance 522130 925156 925156 0 0 Account transfer fees 522130 426177 426177 0 0 3355188 3355188 0 0 48739397 2198988 2198988 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6630 0 0 0 6630 6630 6630 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16178 0 16178 0 16178 50961193 50945015 16178 0 55778 0 0 0 2140554 0 9875560 862888 2288054 848079 0 16021 303484 0 0 0 0 1167005 1202024 3700488 0 937754 81072 0 155967 4135987 0 1661004 163261 ATM debit and credit card exp 3171013 State financial institutions tax 505700 Statement processing 391798 Provision for loan losses 384085 1638326 35685902 0 0 0 8787173 7073740 92566526 155183695 0 0 4625177 3820626 667520 805623 0 0 920002794 968530839 0 1685964 1852602 38250402 19851341 18819500 18399061 255170240 313410229 3804200 3804200 0 0 0 0 43211421 45189720 1349340515 1518070335 4177808 3145857 0 0 0 0 0 0 0 0 0 0 50000000 50000000 0 0 5973089 6731352 60150897 59877209 X 1126331589 1283536402 56121921 61208415 106736108 113448309 1289189618 1458193126 1349340515 1518070335 X 15275291 -2092413 0 0 0 155820630 X 0 1 X 1 0 0 3763457 3763457 0 20390860 9723663 10667197 0 690672 487392 203280 0 13405413 9640286 3765127 0 0 0 0 18399061 0 Accrued salary and benefit expense 4137342 Other liabilities 2594010 6731352 X 50961193 0 0 0 0 0 50961193 0 0 0 50961193 35685902 0 0 0 0 0 35685902 0 0 0 35685902 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. 1 Dimension Mill 642 N Madison St Bloomington IN 47404 823745526 501(c)(3) 10000 0 Support for community-led and inspired office space for start-ups and small local companies. United Way of Monroe County 431 S College Ave Bloomington IN 47403 350985959 501(c)(3) 20000 0 To improve lives by the caring power of communities around the world to advance the common good. New Hope for Families PO Box 154 Bloomington IN 47402 275077191 501(c)(3) 10000 0 Solutions for children and families impacted by homelessness in our community. Monroe County Habitat for Humanity 213 E Kirkwood Ave Bloomington IN 47408 351753977 501(c)(3) 10000 0 To eliminate poverty housing by building decent, affordable homes in partnership with qualifying families. 4 0 Schedule I, Part I, Line 2 The Credit Union's charitable contributions are made to well established, known local charities. X 1 1 X X X X 0 0 0 Bryan W Price President and CEO 539169 0 18669 0 0 0 48500 0 18195 0 624533 0 0 0 Andrew Allard SVP, Chief Operating Officer 255090 0 9850 0 0 0 26808 0 24845 0 316593 0 0 0 Julie Ragsdale SVP, Chief Administrative Officer 228935 0 8868 0 0 0 24094 0 24845 0 286742 0 0 0 Chris Hawk SVP, CFO 195763 0 7675 0 0 0 20853 0 24845 0 249136 0 0 0 Teddie Gambler SVP Information Technology 169567 0 6597 0 0 0 17925 0 16324 0 210413 0 0 0 David Sipes SVP Marketing and Business Development 167261 0 6419 0 0 0 17442 0 16324 0 207446 0 0 0 Sarah Rogers SVP Business Services 199750 0 7678 0 0 0 20689 0 16324 0 244441 0 0 0 Anthony Rastall VP Business Services 134200 0 5393 0 0 0 14437 0 24845 0 178875 0 0 0 Amy Doan VP Business Services 122854 0 4770 0 0 0 13184 0 16324 0 157132 0 0 0 Karen Wisley VP Information Systems 115641 0 4667 0 0 0 12598 0 24845 0 157751 0 0 0 Trish Ierino VP Sales and Service 117776 0 4607 0 0 0 12465 0 18195 0 153043 0 0 0 Lori Forrester VP Member Service Support 115933 0 4637 0 0 0 12227 0 18195 0 150992 0 0 0 Schedule J, Part I, Line 1a The Credit Union pays for Board member companion travel within specified policy limits. Form 990, Part VI, Section A, Line 6 The Credit Union has member-owners based on membership requirements. Form 990, Part VI, Section A, Line 7a The Credit Union has a nomination and election process for selecting directors to the Board. The process is based on written Board policy. Form 990, Part VI, Section B, Line 11b The forms 990, 990T and supporting schedules are prepared by the Accounting Department and SVP & CFO. The forms are reviewed by the Credit Unions independent accounting firm, Credit Union CEO and management. The forms are presented to the Board for review and comment prior to submission. 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. If a conflict exists for a volunteer with a board vote, that volunteer will abstain from voting. Form 990, Part VI, Section B, Line 15 The Board of Directors is responsible for reviewing and establishing CEO compensation. The CEO and SVP, CAO establish officer and key employee salary levels. Recent national and regional bank and credit union salary surveys are reviewed by the Board, CEO, and SVP, CAO. The last compensation review took place December 2021. These surveys take into consideration total compensation, job duties, asset size, experience, tenure, education and geographic differentials. 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. Form 990, Part XI, Line 9 Net assets increased over 2020 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 CU IU Credit Union Investment Services Inc 105 E Winslow Rd Bloomington IN 47401 351958766 Member investment services IN Indiana University CU C 552764 442570 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 IU Credit Union Investment Services Inc a-iv 29400 Fair market value The Credit Union's application for extension of time to file our 990 was approved. Thank you. The extended due date is November 15, 2022.