2024-11-15T14:22:34-06:00 2023-12-31 931743146 Eifel Rambo Advisory Group Ltd 20635 Abbey Woods Ct Suite 301 Frankfort IL 60423 990 2023-01-01 350873966 Members Source Credit Union MEMB 2197654141 8580 Virginia Street Merrillville IN 46410 James Falls CEO 2197654141 2024-11-15 1 0 Matt Beckley P00331163 7086282365 2023 2024-10-15 13:58:12Z James Falls 8580 Virginia Street Merrillville IN 46410 3882700 0 X www.ms-cu.com X 1935 IN Credit Union is a not-for-profit, member-owned financial institution, we work hard to ensure the credit union philosophy of people helping people. We offer a full line of products and services. 10 10 32 0 0 0 0 0 3105579 3027429 621241 847990 0 0 3726820 3875419 0 0 0 0 1249501 1303774 0 0 0 1648819 2095955 2898320 3399729 828500 475690 93824009 90277336 82871041 78848678 10952968 11428658 Credit Union is a not-for-profit, member-owned financial institution, we work hard to ensure the credit union philosophy of people helping people. We offer a full line of products and services. 0 0 3399729 To promote thrift & provide low cost loans among members. This is accomplished on a co-operative basis for the mutual benefit of those in their field of membership. 3399729 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1300 0 1 32 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 1 0 X Lisa Marie Chiarella 2196482206 8580 Virginia Street Merrillville IN 464106235 Jeff Perz Chairman 1.00 X X 0 0 0 Barry Weiss Vice Chairman 1.00 X X 0 0 0 Cecelia Larguara Secretary 1.00 X X 0 0 0 Donald Bowman Director 1.00 X 0 0 0 Joanne Durkel Director 1.00 X 0 0 0 Ronald Harper Director 1.00 X 0 0 0 Tom Pysh Treasurer 1.00 X X 0 0 0 Jason Harrigan Director 1.00 X 0 0 0 Mitch Hershberger Director 1.00 X 0 0 0 James Falls CEO 40.00 X 114505 0 35328 114505 0 35328 1 0 0 0 0 Interest income on loa 522100 2175902 2175902 Fee income 522100 439419 439419 Miscellaneous operatin 522100 412108 412108 3027429 855271 855271 7281 -7281 -7281 -7281 3875419 3020148 0 855271 149833 149833 913331 913331 60618 60618 97948 97948 82044 82044 5985 5985 296345 296345 67139 67139 392391 392391 51360 51360 107327 107327 37074 37074 9120 9120 476130 476130 140511 140511 44169 44169 Provision for loan loss 232289 232289 Sharedraft & ATM expens 189448 189448 Other operating expense 26886 26886 Association dues 19781 19781 3399729 3399729 0 0 714430 457728 32444069 33693852 46237492 48978177 1276810 2745084 963401 1889977 1781683 10223171 3886004 1038060 1479892 93824009 90277336 588329 525786 1598958 0 80683754 78322892 82871041 78848678 X 0 0 0 0 10952968 11428658 10952968 11428658 93824009 90277336 475690 0 X 0 0 0 111917 111917 2280459 705389 1575070 352708 258012 94696 1781683 Member shares 78322892 78322892 Form 990, Part VI, Section A, line 6 Each member of the Credit Union that maintains the minimum balance in their account is a shareholder. Form 990, Part VI, Section A, line 7a Members elect the Board of Directors at their annual meeting. Form 990, Part VI, Section B, line 11b The form 990 is provided via discussion at a Board meeting. Form 990, Part VI, Section B, line 12c A conflict of interest statement is included with the Oath of Officers which is signed by all volunteers annually. Form 990, Part VI, Section B, line 15 Credit Union uses CUNA trade salary survey for the executive salaries and reviews management recommendations for other increases. Form 990, Part VI, Section C, line 19 Documents are available upon written request.