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
What are the reviews and ratings of this charity?
Interra Credit Union is not currently rated on Charity Navigator. The absence of a rating indicates that either the necessary financial and accountability information is not available or that it cannot be evaluated due to its specific nonprofit status. Charity Navigator typically requires a 501(c)(3) designation for a full assessment, which Interra Credit Union does not hold as it falls under a different classification.
Without revenue, expense, or salary data, the transparency of Interra Credit Union cannot be assessed, limiting the organization's complete evaluation. This lack of data should not be viewed as inherently negative but rather a gap in available information that restricts comprehensive analysis on platforms like Charity Navigator.
As there are no GreatNonprofits user reviews available, public sentiment about Interra Credit Union cannot be captured in this summary. An absence of user feedback means potential donors or interested parties will need to seek out other sources of insight regarding the organization's community impact and stakeholder experiences.
This AI summary has been generated from information found on Charity Navigator.
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 tax deductible.
Heare 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):
- Compensation: $1,048,362
- Related: $0
- Other: $466,853
- Compensation: $535,776
- Related: $0
- Other: $140,743
- Compensation: $371,125
- Related: $0
- Other: $108,890
- Compensation: $352,385
- Related: $0
- Other: $101,097
- Compensation: $330,113
- Related: $0
- Other: $95,228
- Compensation: $245,768
- Related: $0
- Other: $28,850
- Compensation: $230,031
- Related: $0
- Other: $28,980
- Compensation: $231,289
- Related: $0
- Other: $23,226
- Compensation: $239,372
- Related: $0
- Other: $8,925
- Compensation: $213,345
- Related: $0
- Other: $22,863
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
Official website here: www.interracu.com
Where can I find the form 990 for Interra Credit Union?
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.
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Impact
October, 2024
Interra Credit Union plays a significant role in the financial well-being of its community in Goshen, Indiana. With a mission centered on being the most trusted and valued financial resource for its members, the credit union serves a substantial number of individuals by providing critical financial services.
In terms of impact, Interra Credit Union has extended loans to 51,626 members, totaling over $1.37 billion, enabling many to achieve their financial goals—whether that’s purchasing homes, funding education, or starting businesses. Additionally, the credit union supports savings for 91,640 members, amassing nearly $1.39 billion in savings accounts. This robust engagement not only helps individuals and families secure their financial futures but also enhances the overall economic stability of the region.
By prioritizing the financial needs of its members, Interra fosters a cooperative approach that builds trust and community spirit, demonstrating a profound commitment to public benefit and economic empowerment.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(574) 534-2506Principal Officer
Amy Sink
Main Address
PO BOX 727, GOSHEN, IN, 465270727
Website
www.interracu.comNTEE Category
Code: W60 - Public benefit
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