2024-11-15T07:36:44+00:00 2023-12-31 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2023-01-01 351082578 Interra Credit Union INTE 5745342506 PO BOX 727 GOSHEN IN 465270727 AMY SINK PRESIDENT/CEO 5745342506 2024-11-15 true Lauren Denton P01571860 2604604000 2024-11-15 2023 2024-10-15 13:58:12Z AMY SINK PO BOX 727 GOSHEN IN 465270727 94735928 false X WWW.INTERRACU.COM X 1932 IN COOPERATIVE FINANCIAL INSTITUTION WITH A MISSION TO BE OUR MEMBERS' MOST TRUSTED AND VALUED FINANCIAL RESOURCE. 7 0 382 13 571681 314256 0 0 74797588 89436671 3769764 5299257 0 0 78567352 94735928 234995 249328 5615581 20269960 30977779 30791077 0 0 0 28582432 38106368 65410787 89416733 13156565 5319195 1729309685 1789697665 207727355 204476604 1521582330 1585221061 COOPERATIVE FINANCIAL INSTITUTION WITH A MISSION TO BE OUR MEMBERS' MOST TRUSTED AND VALUED FINANCIAL RESOURCE. false false NUMBER OF MEMBERS SERVED FOR LOANS WAS 46,356 IN THE AMOUNT OF $1,404,968,273 AND NUMBER OF MEMBERS SERVED FOR SAVINGS WAS 90,157 IN THE AMOUNT OF $1,445,417,051. 0 false false false false false false false false true false false false true false false true false false false false false false false false false true false true false false false false false false false false false false false true true false false true 27492 0 true 382 true true true false false false false false true false X 7 0 false false false false true true true true true false true true true true true true true true true true false X JAMES HENNING 5745342506 300 W LINCOLN AVENUE GOSHEN IN 46526 BRUCE STAHLY VICE CHAIRMAN 1.0 1.0 X 20000 0 0 CARL STOLTZFUS TREASURER 1.0 0.0 X 20000 0 0 CARMEN SNIDER DIRECTOR 1.0 1.0 X 18000 0 0 DARIN SHORT SUPERVISORY COMMITTEE 1.0 0.0 X 6000 0 0 DOUG NISLEY ASSOCIATE DIRECTOR 1.0 0.0 X 9000 0 0 GINA LEICHTY DIRECTOR 1.0 1.0 X 18000 0 0 JODI SPATARO ASSOCIATE DIRECTOR 1.0 1.0 X 9000 0 0 LAURI NAFZIGER ASSOCIATE DIRECTOR 1.0 1.0 X 9000 0 0 MICHELLE ADAMS SUPERVISORY COMMITTEE 1.0 0.0 X 6000 0 0 RANDY ZIMMERLY DIRECTOR 1.0 0.0 X 18000 0 0 SUSAN CRIPE SUPERVISORY COMMITTEE 1.0 0.0 X 6000 0 0 TIM YODER CHAIRMAN 1.0 0.0 X 30000 0 0 VINCE BEASLEY SECRETARY 1.0 0.0 X 20000 0 0 AMY SINK PRESIDENT/CEO 40.0 0.0 X 1089772 0 481174 ANDY MARSHALL EVP COO 40.0 0.0 X 999625 0 147251 DAVID BIRKY CSO 40.0 1.0 X 336497 0 104232 JIM HENNING CFO 40.0 0.0 X 365879 0 112265 PHIL WIENS CLO 40.0 0.0 X 516663 0 101111 DAVID DEKKER HEAD OF CONSUMER SERVICES 40.0 0.0 X 226418 0 28002 JAMES KIRK SENIOR FINANCIAL ADVISOR 40.0 0.0 X 223350 0 8792 JOEL RICHARD CHIEF MEMBER EXPERIENCE OFFICER 40.0 0.0 X 231738 0 23188 LAURA MILLER HEAD OF HUMAN RESOURCES 40.0 0.0 X 217847 0 27779 MICHAEL BLOSSER HEAD OF COMMERCIAL SERVICES 40.0 0.0 X 249798 0 10038 4646587 0 1043832 45 false true false PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT/DEBIT CARD PRODUCTS 4167793 AUNALYTICS 460 STULL STREET SUITE 200 SOUTH BEND IN 46601 BUS INFO SERVICES 1348396 JACK HENRY AND ASSOCIATES 663 W HWY 60 MONETT MO 65708 COMPUTER SOFTWARE 1223096 LUMIN DIGITAL 3001 BISHOP DR SUITE 110 SAN RAMON CA 94583 WEB SERVICES/PROGRAMMING 1196740 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 606755723 COMPUTER HARDWARE/SOFTWARE 616245 31 0 INTEREST ON LOANS 522130 69614549 69614549 FEE INCOME 522130 17478909 16908607 570302 OTHER INCOME 522130 2343213 2341834 1379 0 0 0 0 89436671 5119112 5119112 0 0 180145 0 180145 180145 180145 0 0 0 0 0 94735928 94164247 571681 0 249328 20269960 4443469 21535300 1009777 2115201 1687330 136860 250800 0 1197237 8074407 2315609 400151 9647836 2045662 347145 ATM/DEBIT CARD EXPENSES 4172649 ALL - PROVISIONS 4062268 MISCELLANEOUS 2793479 LOAN EXPENSES 2662265 0 89416733 25769427 27860148 15364345 75730331 0 0 2689557 2649762 0 0 0 0 1359785614 1391782341 154062 158980 2495660 3010286 41526793 19054375 23221516 22472418 242302868 219458798 12146979 15683572 38573912 22216902 0 0 6805745 8674127 1729309685 1789697665 9322059 7552810 0 0 0 0 0 0 0 0 0 0 184886505 185000000 0 0 13518791 11923794 207727355 204476604 X 1391657176 1445661771 78889031 88380310 51036123 51178980 1521582330 1585221061 1729309685 1789697665 X 5319195 6996025 -2681086 54004597 X false true X true false 3520762 3520762 27130648 11663273 15467375 10875383 7391102 3484281 22472418 CLEARING ACCOUNTS 11923794 11923794 101731953 6996025 0 6996025 94735928 0 0 94735928 89416733 0 0 89416733 0 0 89416733 Schedule D, Part X, Line 2 INCOME TAX IN THE CONSOLIDATED STATEMENTS OF INCOME INCLUDE INDIANA FRANCHISE TAX. THE CREDIT UINON IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME TAX. MEMBERS FINANCIAL MANAGEMENT CENTER INC. IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION AND MEMBERS FINANCIAL MANAGEMENT CENTER, 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 CALENDAR YEARS BEFORE 2020. true INTERRA CARES FOUNDATION 300 W LINCOLN AVE GOSHEN IN 46526 823816459 501(C)(3) 226828 SUPPORT NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT ROAD MADISON WI 53705 391383650 501(C)(3) 22500 SUPPORT 2 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. FUNDS WILL BE PROVIDED TO, AND FOR THE BENEFIT OF, INTERRA CARES FOUNDATION AND NATIONAL CREDIT UNION FOUNDATION. THE FUNDS ARE TO SUPPORT THE OPERATIONS OF THE FOUNDATIONS, AND IN TURN THE FOUNDATIONS DISBURSE FUNDS INTO THE COMMUNITY. X X X X false true false AMY SINK PRESIDENT/CEO 600801 0 139282 0 349689 0 465539 0 15635 0 1570946 0 349689 0 ANDY MARSHALL EVP COO 409031 0 150119 0 440475 0 124806 0 22445 0 1146876 0 440475 0 JIM HENNING CFO 291368 0 74511 0 0 0 88233 0 24032 0 478144 0 0 0 DAVID BIRKY CSO 266320 0 70177 0 0 0 83002 0 21230 0 440729 0 0 0 PHIL WIENS CLO 262870 0 70902 0 182891 0 81154 0 19957 0 617774 0 182891 0 JOEL RICHARD CHIEF MEMBER EXPERIENCE OFFICER 201640 0 30098 0 0 0 7350 0 15838 0 254926 0 0 0 DAVID DEKKER HEAD OF CONSUMER SERVICES 194239 0 32179 0 0 0 7328 0 20674 0 254420 0 0 0 LAURA MILLER HEAD OF HUMAN RESOURCES 187053 0 30794 0 0 0 6218 0 21561 0 245626 0 0 0 MICHAEL BLOSSER HEAD OF COMMERCIAL SERVICES 214522 0 35276 0 0 0 7875 0 2163 0 259836 0 0 0 JAMES KIRK SENIOR FINANCIAL ADVISOR 198475 0 24875 0 0 0 8683 0 109 0 232142 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE PRESIDENT/CEO, CHIEF OPERATING OFFICER, CHIEF STRATEGY OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF LENDING OFFICER PARTICIPATE IN A NON QUALIFIED SERP PLAN THAT PAYS OUT UPON RETIREMENT AND HAS SUBSTANTIAL RISK OF FORFEITURE. CONTRIBUTIONS TO THE PLAN ARE REPORTED AS THEY ARE ACCRUED. IN 2023, PAYOUTS FROM THE PLAN WERE AS FOLLOWS: AMY SINK $ 349,689 ANDY MARSHALL $ 440,475 PHIL WIENS $ 182,891 IN 2023, CONTRIBUTIONS TO THE PLAN WERE AS FOLLOWS: AMY SINK $ 459,625 ANDY MARSHALL $ 115,006 DAVID BIRKY $ 73,202 JIM HENNING $ 78,433 PHIL WIENS $ 73,239 Form 990, Part VI, Line 6 Classes of members or stockholders INTERRA CREDIT UNION IS OWNED BY ITS MEMBERS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body INTERRA CREDIT UNION IS OWNED BY ITS MEMBERS. BOARD MEMBERS AND SUPERVISORY COMMITTEE MEMBERS ARE ELECTED BY THE CREDIT UNION'S MEMBERS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders WHEN REQUIRED BY STATE LAWS AND OUR BYLAWS, MEMBERS DO VOTE TO APPROVE DECISIONS OF THE BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS REVIEWED BY THE CREDIT UNION'S CHIEF FINANCIAL OFFICER AND A COPY IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION REQUIRES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM TO BE COMPLETED BY THE BOARD OF DIRECTORS AND REVIEWED DURING AN ANNUAL MEETING WITH THE BOARD AND GOVERNANCE COMMITTEE. ANY ARRANGEMENT THAT PLACES A BOARD MEMBERS' INTEREST ABOVE THOSE OF INTERRA IS IMPERMISSIBLE. IF A MAJORITY OF THE BOARD BELIEVES THERE IS A CONFLICT, THE CHAIR WILL REQUEST THE BOARD MEMBER TO RECUSE HIM OR HERSELF FROM THE DISCUSSION AND DECISION OF THE CONFLICT. Form 990, Part VI, Line 15b Process to establish compensation of other employees JANUARY 2021 - THE BOARD REVIEWS COMPENSATION RECOMMENDATIONS ANNUALLY FROM AN INDEPENDENT CONSULTANT AND INDUSTRY COMPARISONS TO DETERMINE APPROPRIATE COMPENSATION FOR THE CEO AND OTHER OFFICERS. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS AND OUR ANNUAL REPORT ARE PROVIDED AT OUR ANNUAL MEMBERS' MEETING AND ON OUR WEBSITE. OTHER REPORTS SUCH AS THE 990 ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances INCREASE IN MEMBERS DEPOSITS - 54004597; INTERRA CARES FOUNDATION 300 W LINCOLN AVE GOSHEN IN 46526 823816459 FINANCIAL EDU IN 501(c)(3) 7 NA false MEMBERS FINANCIAL MANAGEMENT CENTER INC PO BOX 727 GOSHEN GOSHEN IN 46527 351768194 FINANCIAL PRO IN INTERRA CU C Corporation 1213 244721 1.00 true false true false false false false false false false false false false false false true false false false false