2024-11-11T13:20:12-07:00 2023-12-31 990 2023-01-01 350987917 INDIANA UNIVERSITY CREDIT UNION INDI 8128557823 PO Box 368 Bloomington IN 474020368 Chris Hawk SVP & Chief Financial Officer 8128557823 2024-11-11 1 2023 2024-10-15 13:58:12Z Bryan W Price 105 E Winslow Rd Bloomington IN 47401 74827152 0 X www.iucu.org X 1956 IN State chartered credit union 11 11 239 16 16898 0 0 0 52515579 66911316 4133002 7898938 44663 16898 56693244 74827152 42682 43000 0 0 17716600 19257798 0 0 0 23079295 43582232 40838577 62883030 15854667 11944122 1565475253 1671616966 94181845 167252425 1471293408 1504364541 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14). 0 0 Credit union programs. All activities are state chartered credit union activities which are exempt under section 501(c)(14). 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 27307 0 1 239 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 0 0 1 1 1 0 X Chris Hawk 8128557823 105 E Winslow Rd Bloomington IN 47401 Bryan W Price President and CEO 40 0 X 744849 0 79701 Andrew Allard SVP, Chief Operating Officer 40 0 X 309757 0 64388 Chris Hawk SVP, CFO 40 0 X 278133 0 61476 Julie Ragsdale SVP, Chief Administrative Officer 40 0 X 284116 0 52697 Sarah Rogers SVP Business Services 40 0 X 234361 0 56752 David Sipes SVP Chief Marketing Officer 40 0 X 214852 0 43093 Teddie Gambler SVP Chief Information Officer 40 0 X 212757 0 35118 Anthony Rastall VP Business Services 40 0 X 159013 0 49577 Amy Doan VP Business Services 40 0 X 155541 0 37595 Trish Ierino VP Sales and Service 40 0 X 141648 0 38539 Lori Forrester VP Member Service Support 40 0 X 140262 0 38379 Scott Trilling VP Business Services 40 0 X 167704 0 8094 Neil Powell Board Treasurer 2 0 X 1907 0 0 Doris Sims Board Chair 4.00 0 X 1686 0 0 Brad Heim Board Vice Chair 2 0 X 1439 0 0 Scott Smart Director 2 0 X 1346 0 0 Shatoyia Moss Director 2 0 X 1054 0 0 Jon Barada Board Secretary 2 0 X 0 0 0 Dennis Cromwell Board Past Chair 2 0 X 0 0 0 Kim Milford Director 2 0 X 0 0 0 Veda Walcott Director 2 0 X 0 0 0 Denvil Duncan Director 2 0 X 0 0 0 Andrea Mobley Director 2 0 X 0 0 0 3050425 0 565409 18 0 1 0 Jack Henry & Assoc 663 W Hwy 60 Monett MO 65708 core credit union OS 1416101 NCR VOYIX Corportation PO Box 740641 Los Angeles CA 90074 online banking, mobile tech 1276867 IU Sports Properties c/o Learfield Comm Inc PO Box 843038 Kansas City MO 641843038 Sponsorship and advertising 348697 CUNA Mutual Group PO Box 4653 Carol Stream IL 60197 Credit Union bond insurance and advocacy 342147 Strauser Construction 453 S Clarizz Blvd Bloomington IN 47401 Credit Union building construction 322340 39 0 0 0 0 0 0 0 0 Loan interest income 522130 54437181 54437181 0 0 Debit and credit card interchange income 522130 7044588 7044588 0 0 Overdraft and return fee income 522130 2414675 2414675 0 0 Corporate life insurance income 522130 896653 896653 0 0 Account transfer fees 522130 442620 442620 0 0 1675599 1675599 0 0 66911316 7898938 7898938 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16898 0 16898 0 16898 74827152 74810254 16898 0 43000 0 0 0 2679482 0 11947234 1020233 2585494 1025355 0 46682 345070 0 0 0 0 1374366 1345851 4491925 0 916622 208793 0 157679 24948147 0 1670353 188080 ATM debit and credit card exp 3798558 Provision for credit losses 1432940 Statement processing 397171 State financial institutions tax 198700 2061295 62883030 0 0 0 6666152 6841349 72341059 104842746 0 0 5290359 4806630 1153620 1317846 0 0 1134584411 1259117985 0 0 2304019 1885437 35636934 17709818 17650949 17927116 273654233 246553178 4725000 5175000 0 0 0 0 47105451 23149679 1565475253 1671616966 4115824 3378292 0 0 0 0 0 0 0 0 0 0 80000000 150000000 0 0 10066021 13874133 94181845 167252425 X 1297874238 1312842416 66862447 74329689 106556723 117192436 1471293408 1504364541 1565475253 1671616966 X 11944122 -10300894 0 0 0 31427905 X 0 1 X 1 0 0 3763457 3763457 0 19313697 9513444 9800253 0 628651 522454 106197 0 11931129 7673920 4257209 0 0 0 0 17927116 0 Accrued salary and benefit expense 5021701 Other liabilities 8852432 13874133 X 74827152 0 0 0 0 0 74827152 0 0 0 74827152 62883030 0 0 0 0 0 62883030 0 0 0 62883030 Schedule D, Part X, Line 2 Management has evaluated our income tax positions under the guidance included in ASC740. Based on our review, management has not identified any material, uncertain tax positions to be recorded or disclosed in the financial statements. 1 New Hope for Families PO Box 154 Bloomington IN 47402 275077191 501(C)(3) 10000 0 Solutions for children and families impacted by homelessness in our community. Habitat for Humanity of Monroe County 213 E Kirkwood Ave Bloomington IN 47408 351753977 501(c)(3) 10000 0 To eliminate poverty housing by building decent, affordable homes in partnership with qualifying families. United Way of South Central Indiana 431 S College Ave Bloomington IN 47403 350985959 501(c)(3) 23000 0 To improve lives by the caring power of communities around the world to advance the common good. 3 0 Schedule I, Part I, Line 2 The Credit Union's charitable contributions are made to well established, known local charities. X 1 1 X X X X 0 0 0 Bryan W Price President and CEO 716292 0 28557 0 0 0 55500 0 24201 0 824550 0 0 0 Andrew Allard SVP, Chief Operating Officer 297067 0 12690 0 0 0 31206 0 33182 0 374145 0 0 0 Chris Hawk SVP, CFO 268218 0 9915 0 0 0 28293 0 33182 0 339608 0 0 0 Julie Ragsdale SVP, Chief Administrative Officer 273105 0 11011 0 0 0 28496 0 24201 0 336813 0 0 0 Sarah Rogers SVP Business Services 224530 0 9831 0 0 0 23570 0 33182 0 291113 0 0 0 David Sipes SVP Chief Marketing Officer 206557 0 8295 0 0 0 21435 0 21658 0 257945 0 0 0 Teddie Gambler SVP Chief Information Officer 204240 0 8517 0 0 0 21511 0 13607 0 247875 0 0 0 Scott Trilling VP Business Services 161489 0 9215 0 0 0 8094 0 0 0 178798 0 0 0 Anthony Rastall VP Business Services 152190 0 6823 0 0 0 16395 0 33182 0 208590 0 0 0 Amy Doan VP Business Services 148900 0 6641 0 0 0 15937 0 21658 0 193136 0 0 0 Trish Ierino VP Sales and Service 135716 0 5932 0 0 0 14338 0 24201 0 180187 0 0 0 Lori Forrester VP Member Service Support 134424 0 5838 0 0 0 14178 0 24201 0 178641 0 0 0 Schedule J, Part I, Line 1a The Credit Union pays for Board member companion travel within specified policy limits. Form 990, Part VI, Section A, Line 6 The Credit Union has member-owners based on membership requirements. Form 990, Part VI, Section A, Line 7a The Credit Union has a nomination and election process for selecting directors to the Board. The process is based on written Board policy. Form 990, Part VI, Section B, Line 11b The forms 990, 990T and supporting schedules are prepared by the Accounting Department and SVP & CFO. The forms are reviewed by the Credit Unions independent accounting firm, Credit Union CEO and management. The forms are presented to the Board for review and comment prior to submission. Form 990, Part VI, Section B, Line 12c All parties are required to report a conflict as soon as a conflict arises and we seek an annual signed acknowledgement of these policies from all parties. Each policy contains examples of potential conflicts. If the volunteer or staff members are unsure whether a conflict exists, they are directed to the appropriate resource for guidance. If a conflict exists for a volunteer with a board vote, that volunteer will abstain from voting. Form 990, Part VI, Section B, Line 15 The Board of Directors are responsible for reviewing and establishing CEO compensation. The CEO and SVP, CAO establish officer and key employee salary levels. Recent national and regional bank and credit union salary surveys are reviewed by the Board, CEO, and SVP, CAO. These surveys take into consideration total compensation, job duties, asset size, experience, tenure, education and geographic diversity. The last compensation review took place in November 2023 by the Board for the CEO and in September 2023 by the CEO for SVPs. Form 990, Part VI, Section C, Line 19 Financial statements are posted in branch locations and quarterly Credit Union call reports are available on the NCUA website. Governing documents and conflict of interest policies are available upon request. Form 990, Part XI, Line 9 Net assets increased over 2022 as Credit Union members increased their deposits which were subsequently invested or lent to other Credit Union members. IU Credit Union Business Services LLC 105 E Winslow Rd Bloomington IN 47401 272005414 Small business lending IN 0 100000 Indiana University CU IU Credit Union Investment Services Inc 105 E Winslow Rd Bloomington IN 47401 351958766 Member investment services IN Indiana University CU C 504423 261369 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 IU Credit Union Investment Services Inc a-iv 81000 Fair market value The Credit Union's application for extension of time to file our 990 was approved. Thank you. The extended due date is November 15, 2024.