2025-11-12T09:54:14+00:00 2024-12-31 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2024-01-01 351082578 Interra Credit Union INTE 5745342506 PO BOX 727 GOSHEN IN 465270727 AMY SINK PRESIDENT/CEO 5745342506 2025-11-12 true Lauren Denton P01571860 2604604000 2025-11-12 2024 2025-03-06 01:10:19Z AMY SINK PO BOX 727 GOSHEN IN 465270727 110651659 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 0 381 13 585186 318911 0 0 89436671 101348902 5299257 9302757 0 0 94735928 110651659 249328 307968 20269960 36227481 30791077 33339257 0 0 0 38106368 36493550 89416733 106368256 5319195 4283403 1789697665 1889737584 204476604 173048972 1585221061 1716688612 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 46,097 IN THE AMOUNT OF $1,566,549,089 AND NUMBER OF MEMBERS SERVED FOR SAVINGS WAS 88,149 IN THE AMOUNT OF $1,567,900,659. 0 false false 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 false false false false true true false false false true 28590 0 true 381 true true true false false false false false false 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 false X JAMES HENNING 5745342506 300 W LINCOLN AVENUE GOSHEN IN 46526 BRUCE STAHLY DIRECTOR 1.0 0.0 X 18000 0 0 CARL STOLTZFUS TREASURER 1.0 0.0 X 20000 0 0 CARMEN SNIDER DIRECTOR 1.0 0.0 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 0 0 0 GINA LEICHTY DIRECTOR 1.0 0.0 X 18000 0 0 JODY SPATARO ASSOCIATE DIRECTOR 1.0 0.0 X 0 0 0 LAURI NAFZIGER ASSOCIATE DIRECTOR 1.0 0.0 X 9000 0 0 MICHELLE ADAMS SUPERVISORY COMMITTEE 1.0 0.0 X 6000 0 0 RANDY ZIMMERLY SECRETARY 1.0 0.0 X 20000 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 VICE CHAIRMAN 1.0 0.0 X 20000 0 0 AMY SINK PRESIDENT / CEO 40.0 0.0 X 982192 0 503650 ANDY MARSHALL EVP COO 40.0 0.0 X 453958 0 123479 DAVID BIRKY CSO 40.0 0.0 X 304905 0 84354 JIM HENNING CFO 40.0 0.0 X 332711 0 103208 PHIL WIENS CLO 40.0 0.0 X 307612 0 90269 DAVID DEKKER HEAD OF CONSUMER SERVICES 40.0 0.0 X 212192 0 26744 JOEL RICHARD CHIEF MEMBER EXPERIENCE OFFICER 40.0 0.0 X 220819 0 22676 JOHN POTTER HEAD OF MORTGAGE SERVICES (LEFT 11/19) 40.0 0.0 X 240435 0 28436 LAURA MILLER HEAD OF HUMAN RESOURCES (LEFT 11/22) 40.0 0.0 X 438121 0 26177 MICHAEL BLOSSER HEAD OF COMMERCIAL SERVICES 40.0 0.0 X 235092 0 11081 ANGELA PLETCHER HEAD OF ENTERPRISE RISK MGMT 40.0 0.0 X 193668 0 24547 DANIEL CARROLL HEAD OF CREDIT ADMINISTRATION 40.0 0.0 X 211367 0 22357 JASON GOLDEN AGRIBUSINESS LENDER IV 40.0 0.0 X 190413 0 23631 JENNIFER KLEIN HEAD OF FINANCE & DEPOSIT OPERATIONS (LEFT 7/10) 40.0 0.0 X 213303 0 9687 RANDY LEHMAN MANAGER OF COMMERCIAL LENDING 40.0 0.0 X 192647 0 18902 4900435 0 1119198 58 false true false PSCU Financial Services Valera 560 Carillon Parkway St Petersburg FL 33716 Credit / Debit Card Products 3581666 Aunalytics 460 Stull Street Suite 200 South Bend IN 46601 Bus. Info Services 1344187 Lumin Digital 3001 Bishop Dr Suite 110 San Ramon CA 94583 Web Services / Programming 1241616 CDW Direct LLC PO Box 75723 Chicago IL 606755723 Computer Hardware / Software 680129 CU Posh Technologies 33 Arch Street Ste 1700 Boston MA 02110 Web / Voice Services / Programming 648442 19 0 INTEREST ON LOANS 522130 82411969 82411969 FEE INCOME 522130 17563316 16979497 583819 OTHER INCOME 522130 1373617 1372250 1367 0 0 0 0 101348902 8724901 8724901 0 0 577856 0 577856 577856 577856 0 0 0 0 0 0 110651659 110066473 585186 0 307968 36227481 4160588 23055662 1019500 3356155 1747352 143496 260565 0 1350045 8348961 2007219 384050 7608496 1843281 418196 ATM CARD EXPENSES 4318842 ALL - PROVISIONS 3909174 MISCELLANEOUS 2686915 LOAN EXPENSES 3214310 0 106368256 27860148 23128622 75730331 43783014 2649762 3114274 0 0 1391782341 1554646425 158980 155055 3010286 3681048 42194378 20494539 22472418 21699839 219458798 212929839 15683572 12100205 22216902 5347158 8674127 9152105 1789697665 1889737584 7552810 9688827 0 185000000 151000000 11923794 12360145 204476604 173048972 X 1445661771 1568146399 88380310 99480941 51178980 49061272 1585221061 1716688612 1789697665 1889737584 X 4283403 4699530 122484618 X false true true false 3520762 3520762 27798114 12536789 15261325 10875502 7957750 2917752 21699839 Federal Income Taxes CLEARING ACCOUNTS 12360145 12360145 115351189 4699530 0 4699530 110651659 0 0 110651659 106368256 0 0 106368256 0 0 106368256 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 2021. true INTERRA CARES FOUNDATION 300 W LINCOLN AVE GOSHEN IN 46526 823816459 501(C)(3) 285468 SUPPORT NATIONAL CREDIT UNION FOUNDATION 5710 MINERAL POINT ROAD MADISON WI 53705 391383650 501(C)(3) 22500 SUPPORT 2 0 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 true true false AMY SINK PRESIDENT / CEO 632503 0 0 0 349689 0 487055 0 16595 0 1485842 0 349689 0 ANDY MARSHALL EVP COO 453958 0 0 0 0 0 101055 0 22424 0 577437 0 0 0 DAVID BIRKY CSO 304905 0 0 0 0 0 69981 0 14373 0 389259 0 0 0 JIM HENNING CFO 332711 0 0 0 0 0 77479 0 25729 0 435919 0 0 0 PHIL WIENS CLO 307612 0 0 0 0 0 69585 0 20684 0 397881 0 0 0 DAVID DEKKER HEAD OF CONSUMER SERVICES 212192 0 0 0 0 0 6778 0 19966 0 238936 0 0 0 JOHN POTTER HEAD OF MORTGAGE SERVICES (LEFT 11/19) 179101 0 61334 0 0 0 6519 0 21917 0 268871 0 0 0 LAURA MILLER HEAD OF HUMAN RESOURCES (LEFT 11/22) 222756 0 25043 0 190322 0 6384 0 19793 0 464298 0 0 0 MICHAEL BLOSSER HEAD OF COMMERCIAL SERVICES 235092 0 0 0 0 0 8181 0 2900 0 246173 0 0 0 JOEL RICHARD CHIEF MEMBER EXPERIENCE OFFICER 220819 0 0 0 0 0 7974 0 14702 0 243495 0 0 0 DANIEL CARROLL HEAD OF CREDIT ADMINISTRATION 211367 0 0 0 0 0 6713 0 15644 0 233724 0 0 0 ANGELA PLETCHER HEAD OF ENTERPRISE RISK MGMT 193668 0 0 0 0 0 6938 0 17609 0 218215 0 0 0 JENNIFER KLEIN HEAD OF FINANCE & DEPOSIT OPERATIONS (LEFT 7/10) 113234 0 0 0 100069 0 3976 0 5711 0 222990 0 0 0 JASON GOLDEN AGRIBUSINESS LENDER IV 157691 0 32722 0 0 0 5851 0 17780 0 214044 0 0 0 RANDY LEHMAN MANAGER OF COMMERCIAL LENDING 164712 0 27935 0 0 0 4599 0 14303 0 211549 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment LAURA MILLER - SEVERANCE PAYMENT OF $190,322 JENNIFER KLEIN - SEVERANCE PAYMENT OF $100,069 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 2024, PAYOUTS FROM THE PLAN WERE AS FOLLOWS: AMY SINK $ 349,689 IN 2024, CONTRIBUTIONS TO THE PLAN WERE AS FOLLOWS: AMY SINK $ 477,255 ANDY MARSHALL $ 91,255 DAVID BIRKY $ 60,181 JIM HENNING $ 67,679 PHIL WIENS $ 62,154 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 2023 - 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 MEMBER DEPOSITS - XXX-XX-XXXX; Total - XXX-XX-XXXX; INTERRA CARES FOUNDATION 300 W LINCOLN AVE GOSHEN IN 46526 823816459 FINANCIAL EDUCATION IN 501(c)(3) 7 NA false MEMBERS FINANCIAL MANAGEMENT CENTER INC PO BOX 727 GOSHEN IN 46527 351768194 FINANCIAL PRO IN INTERRA CU C Corporation 1019 245740 1.00 true false true false false false false false false false false false false false false true false false false false