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Corporate Governance
Built on Trust
As a member-owned credit union, accountability isn't just good business—it's part of who we are. Explore the policies, leadership and governance that help keep Interra transparent, responsible and focused on serving our members.
Governance and accountability.
Corporate Governance
As members of a financial cooperative, Interra Credit Union members have a direct voice in the democratic control process by electing the board of directors and the supervisory committee. Using the 'one member, one vote' principle, each memberÂą has the same voice in elections, one vote, regardless of the amount of money deposited into or borrowed from the credit union. The elected members are committed to upholding the credit union's principles and acting in the best interests of Interra members. After all, they are members that live and work in the communities served by the credit union, ensuring the ability to offer a truly local perspective and control.
Annual Reports
Every year, Interra Credit Union publishes an annual report, documenting the credit union's financial performance. For your review, the last three reports are available below. To review annual meeting minutes, you may send a request to msg@interracu.com.
Statement of Commitment to Members
As a member-owned, not-for-profit financial cooperative, Interra Credit Union's commitment is to its members. Our members' needs drive the menu of products and services the credit union offers. The members' needs are always top priority at Interra—it is our mission to be our members' most trusted and valued financial resource.
Âą Only the primary member on an account may vote. Joint members, while a part of the credit union, are not given voting privileges.
Board of Directors
Seven members serve on the Interra board of directors, each elected for three-year terms. As the governing body of the credit union, the board of directors meets monthly to review operations, establish policy, and expand the vision of the credit union.
Associate Director
Serving two-year terms, the Associate Directors are nonvoting members, while having the opportunity to learn about the credit union and the governance work of the Board of Directors.
Supervisory Committee
Three members serve on the supervisory committee, each elected for three-year terms. The committee's responsibilities include selecting the audit firm to perform periodic internal audits, to conduct an annual audit and the biennial audit of each member's account. In addition, they are responsible for supervising the acts of the board of directors, loan committee, and officers.
Refer-A-Friend
Good Things Are Better Shared.
Love banking with Interra? Refer your friends and family and help them discover the benefits of being an Interra member, too.Â
The Door's Always Open
Whether you have questions, need guidance or are ready to take the next step, we're here to help. Schedule a time that works for you, and we'll be ready to welcome you.