Jun, 30, 2024 — INTERRA CREDIT UNION is a non-federally insured state credit union headquartered in GOSHEN, IN with 16 branch locations and about $1.71 billion in total assets. Opened 93 years ago in 1932, INTERRA CREDIT UNION has about 91,040 members and employs 319 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: | 91,040 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,706,395,712 |
| CEO/Manager: | Amy Sink |
| Chairperson: | Tim Yoder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,808,149 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 520,180 |
| Real Estate Loans | 899,605,206 |
| Unsecured Loans | 41,738,147 |
| Other Loans | 405,078,149 |
| TOTAL LOANS | 1,346,421,502 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,451,385 |
| Land And Building | 19,196,675 |
| Other Fixed Assets | 3,557,790 |
| NCUSIF Deposit | 0 |
| All Other Assets | 129,956 |
| TOTAL ASSETS | 1,706,395,712 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 53,380 |
| Notes & Interest Payable | 77,565,007 |
| Accounts Payable & Other Liabilities | 22,480,217 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 627,652,997 |
| Regular shares | 478,733,247 |
| All Other Shares & Deposits | 374,278,018 |
| TOTAL SHARES & DEPOSITS | 1,480,664,262 |
| TOTAL LIABILITIES | 1,580,762,866 |
| Regular Reserve | 0 |
| Other Reserves | -28,429,833 |
| Undivided Earnings | 154,062,679 |
| TOTAL EQUITY | 125,632,846 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,706,395,712 |
| INCOME & EXPENSE | |
| Loan Income | 38,036,786 |
| Investment Income | 2,121,283 |
| Other Income | 6,787,110 |
| Total Employee Compensation & Benefits | 22,886,216 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,678,122 |
| Non-operating Income & (Expense) | -92,822 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,677,095 |
| Cost of Funds | 4,075,012 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,497,917 |
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