KOSCIUSKO COUNTY — The 85th annual meeting of Interra Credit Union was held March 20 in Goshen. Election results and a report of operations that showed a second consecutive year of double digit growth highlighted the session.
Culminating a two week member voting period, those casting ballots elected two fellow members to the board of directors and one to the supervisory committee. Elected to the board for a three-year term were Vince Beasley, Syracuse, and incumbent board member Loren Eash of Goshen. Susan Cripe, Syracuse, was elected to the supervisory committee.
The 2016 annual report was presented, reflecting significant growth in all areas of Interra’s operations. Membership growth was up more than 10 percent, now serving more than 70,000 members; loan growth, 22 percent, and share growth, 14.5 percent. Assets topped $900 million for the first time in 2016, ending the year at $918 million, representing a 13 percent increase.
As Interra celebrates its 85th anniversary, members were reminded of how it started. “The credit union was founded in February, 1932, with seven members investing $19.50,” Tim Yoder, chairman, said.
Amy Sink, CEO, reported that, with strategic objectives in place, Interra’s growth continues, offering more people the opportunity to experience the credit union difference. The field of membership has expanded to 11 Indiana counties.
“With the opening of two new offices in Etna Green and Ligonier last year, we are serving members at 16 offices in six of those counties,” Sink said. She also reported to the membership that enhanced online banking platforms, together with online account opening and loan application processes, have been put in place to meet member needs and enhance service delivery.