Interra Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351082578 ✦ Goshen, IN ✦ Designated as a 501(c)(14)

Overview

What is Interra Credit Union?

Interra Credit Union is a cooperative financial institution based in Goshen, Indiana. With a strong commitment to their members, they serve as a trusted and valued financial resource. As of the provided data, Interra Credit Union had 51,626 members utilizing loans in the amount of $1,371,025,155, and 91,640 members managing savings in the amount of $1,391,413,667. This financial institution employs a team of 391 individuals to support its operations.


Official website here: www.interracu.com

Is Interra Credit Union legitimate?

Interra Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Interra Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,796,954
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,620,779

For more financial information, click here


Official website here: www.interracu.com

What is the mission statement of Interra Credit Union?

Interra Credit Union operates as a cooperative financial institution, dedicated to being the most trusted and valued financial resource for its members. The mission of Interra Credit Union is to serve its members effectively in both loans and savings. In 2021, the credit union provided loans to 51,626 members, totaling $1,371,025,155, and served 91,640 members in savings, amounting to $1,391,413,667. This financial institution is committed to fostering a strong bond of trust and reliability with its members, positioning itself as their go-to financial partner.


Official website here: www.interracu.com

Who is the CEO of Interra Credit Union?

Amy Sink is the President/Ceo of Interra Credit Union. The CEO's salary of Interra Credit Union is $1,048,362 and their total compensation is $1,515,215.


Official website here: www.interracu.com

What is the revenue of Interra Credit Union?

Interra Credit Union's revenue in 2022 was $78,567,352.


Official website here: www.interracu.com

Who are the executives of Interra Credit Union and what are their salaries?

The average compensation at Interra Credit Union during 2022 was $62,449. There are 391 employees and 14 volunteers at Interra Credit Union.

Here are 24 key members and their salaries (Interra Credit Union's CEO's salary is $1,048,362 and their total compensation is $1,515,215):

    Amy Sink (President/Ceo)
  • Compensation: $1,048,362
  • Related: $0
  • Other: $466,853

    • Andy Marshall (Evp Coo)
  • Compensation: $535,776
  • Related: $0
  • Other: $140,743

    • Jim Henning (Cfo)
  • Compensation: $371,125
  • Related: $0
  • Other: $108,890

    • David Birky (Cso)
  • Compensation: $352,385
  • Related: $0
  • Other: $101,097

    • Phil Wiens (Clo)
  • Compensation: $330,113
  • Related: $0
  • Other: $95,228

    • John Potter (Svp - Mortgage Services)
  • Compensation: $245,768
  • Related: $0
  • Other: $28,850

    • Laura Miller (Svp - Human Resources)
  • Compensation: $230,031
  • Related: $0
  • Other: $28,980

    • Tyler Rensberger (Lead Financial Advisor)
  • Compensation: $231,289
  • Related: $0
  • Other: $23,226

    • Michael Blosser (Svp - Commercial Services)
  • Compensation: $239,372
  • Related: $0
  • Other: $8,925

    • Angela Pletcher (Svp - Enterprise Risk Mgmt)
  • Compensation: $213,345
  • Related: $0
  • Other: $22,863

    • Timothy Yoder (Chairman) [Trustee/Director]
  • Compensation: $30,000
  • Related: $0
  • Other: $0

    • Vincent Beasley (Secretary) [Trustee/Director]
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Carl Stoltzfus (Treasurer) [Trustee/Director]
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Bruce Stahly (Vice Chairman) [Trustee/Director]
  • Compensation: $20,000
  • Related: $0
  • Other: $0

    • Carmen Snider (Director)
  • Compensation: $18,000
  • Related: $0
  • Other: $0

    • Gina Liechty (Director)
  • Compensation: $18,000
  • Related: $0
  • Other: $0

    • Randall Zimmerly (Director)
  • Compensation: $9,000
  • Related: $0
  • Other: $0

    • Jody Spataro (Associate Director)
  • Compensation: $9,000
  • Related: $0
  • Other: $0

    • Lori Nafziger (Associate Director)
  • Compensation: $9,000
  • Related: $0
  • Other: $0

    • Doug Nisley (Associate Director)
  • Compensation: $9,000
  • Related: $0
  • Other: $0

    • David Eby (Director - Former)
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Darin Short (Supervisory Committee) [Trustee/Director]
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Susan Cripe (Supervisory Committee) [Trustee/Director]
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Michelle Adams (Supervisory Committee) [Trustee/Director]
  • Compensation: $6,000
  • Related: $0
  • Other: $0


  • Official website here: www.interracu.com

    Where can I find the form 990 for Interra Credit Union?

    The Interra Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.interracu.com

    Learn more at the official website: www.interracu.com

    Mission Statement of Interra Credit Union

    Interra Credit Union, a cooperative financial institution, is dedicated to being the most trusted and valued financial resource for its members. This mission drives the credit union to provide essential financial services with a member-centric approach.

    With a membership base of over 51,000 individuals, Interra Credit Union has extended loans worth approximately $1.37 billion. Simultaneously, it boasts a savings membership of over 91,000, managing assets totaling around $1.39 billion. Interra Credit Union's commitment to its members is reflected in these impressive figures, demonstrating its significant role in the financial lives of its clientele. By offering loans and savings opportunities, Interra Credit Union empowers its members to achieve their financial goals and build a stronger financial future.

    Impact

    This information is meant to be a general summary of Interra Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Interra Credit Union has a significant impact as a cooperative financial institution dedicated to being its members' most trusted and valued financial resource. With a commitment to providing quality financial services, Interra serves a large number of members for both loans and savings. In total, the credit union served 51,626 members for loans amounting to $1,371,025,155 and 91,640 members for savings totaling $1,391,413,667. Through its operations in Goshen, Indiana, Interra Credit Union fulfills its mission to support its members' financial well-being, embodying the values of a public benefit institution.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,769,764
  • Program Service Revenue: $74,797,588
  • Gross Receipts: $78,567,352

    • Assets and Liabilities:
  • Total Assets: $1,729,309,685
  • Total Liabilities: $207,727,355
  • Net Assets: $1,521,582,330
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $53,630,565

    FEE INCOME

    Revenue

    $16,715,708

    OTHER INCOME

    Revenue

    $4,451,315

    Organization Details

    Founding Year

    1932

    Principal Officer

    Amy Sink

    Main Address

    PO BOX 727, GOSHEN, IN, 465270727

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Interra Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.