Corporate Governance –
Democratic Member Control

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.

Also, the “one member, one vote” principle applies. That means that, as a member, no matter how much money you have deposited at the credit union or how much you have borrowed, you are entitled to one vote in the election process. (A member is the first-named person on the account. There may be joint owners, but only one member.)

Board of Directors

At Interra, seven members serve on the board of directors, each elected for three-year terms. The board of directors, the governing body of the credit union, meets monthly to review the credit union operations, establish policy, and set direction.


		Steve Warner Chairman of the Board Goshen Board member since 1989		Richard Snider Vice Chairman of the Board New Paris Board member since 1985		Kathy Brewton Secretary-Treasurer Goshen Board member since 1999


Linda Garber Assistant Secretary-Treasurer Middlebury Board member since 1998		David Myers Goshen Board member since 2007		Loren Eash Goshen Board member since 2008		Russ Rupp Wakarusa Board member since 2011

Supervisory Committee

Three volunteers serve on the supervisory committee, each also 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 to supervise the acts of the board of directors, loan committee and officers.


Darin Short, Chairman Goshen Committee member since 2003		Crystal Hooley Goshen Committee member since 2004		Tony Miller Goshen Committee member since 2006

Board and supervisory committee members serve on a voluntary basis. They are committed to upholding the credit union’s principles and acting in the best interests of Interra members. After all, they are members, too. Because they live and work in the communities served by the credit union, they are able to offer a truly local perspective and local control.

About Interra

Corporate Governance – Democratic Member Control

Board of Directors

Supervisory Committee

Corporate Governance –
Democratic Member Control