Dec, 31, 2023 — INTERRA CREDIT UNION is a non-federally insured state credit union headquartered in GOSHEN, IN with 16 branch locations and about $1.79 billion in total assets. Opened 92 years ago in 1932, INTERRA CREDIT UNION has about 90,157 members and employs 326 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INTERRA CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 W Lincoln Ave GOSHEN, IN 46526 |
| Phone: | (574) 534-2506 |
| Fax: | |
| Website: | https://www.interracu.com |
| Branches: | 16 branch locations |
| Members: | 90,157 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 82794 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,790,304,788 |
| CEO/Manager: | Amy Sink |
| Chairperson: | Tim Yoder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 86,803,064 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 601,859 |
| Real Estate Loans | 1,035,883,905 |
| Unsecured Loans | 45,645,319 |
| Other Loans | 323,439,049 |
| TOTAL LOANS | 1,404,968,273 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,831,263 |
| Land And Building | 18,871,049 |
| Other Fixed Assets | 3,017,203 |
| NCUSIF Deposit | 0 |
| All Other Assets | 383,222 |
| TOTAL ASSETS | 1,790,304,788 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 866,077 |
| Notes & Interest Payable | 185,043,436 |
| Accounts Payable & Other Liabilities | 19,365,925 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 546,046,053 |
| Regular shares | 331,159,087 |
| All Other Shares & Deposits | 568,211,911 |
| TOTAL SHARES & DEPOSITS | 1,445,417,051 |
| TOTAL LIABILITIES | 1,650,698,734 |
| Regular Reserve | 0 |
| Other Reserves | -19,996,587 |
| Undivided Earnings | 159,602,641 |
| TOTAL EQUITY | 139,606,054 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,790,304,788 |
| INCOME & EXPENSE | |
| Loan Income | 69,571,929 |
| Investment Income | 5,119,112 |
| Other Income | 8,955,529 |
| Total Employee Compensation & Benefits | 30,422,929 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 25,190,632 |
| Non-operating Income & (Expense) | 46,659 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,062,267 |
| Cost of Funds | 29,916,582 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,320,406 |
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