Overview
What is Idaho Central Credit Union?
Idaho Central Credit Union, based in Pocatello, Idaho, is a financial institution dedicated to serving over 547,000 members through 48 locations. By pooling member funds, they offer a variety of financial products and services, making them a valuable resource for their community. Idaho Central Credit Union's operations consist primarily of lending member funds and managing associated expenses. In the previous year, they extended loans to approximately 226,000 members, with a total outstanding balance of $8.37 billion. Their membership base of 547,697 individuals actively engages with the credit union's deposit products. With a workforce of 2,071 employees, Idaho Central Credit Union remains committed to delivering essential financial services to its members.
Official website here: www.iccu.com
Is Idaho Central Credit Union legitimate?
Idaho Central Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Idaho Central 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: $7,595,545
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.iccu.com
What is the mission statement of Idaho Central Credit Union?
Idaho Central Credit Union is dedicated to offering financial services to its membership base. Their mission is geared towards making funds available for loans to their members. By pooling members' funds, they are able to extend financial assistance to a significant number of individuals. With a member base of over 500,000, they have extended loans to approximately 226,000 members, amassing a total of over 8 billion dollars in outstanding loans. Idaho Central Credit Union's members engage in various deposit products offered by the union. The organization incurs expenses related to having funds readily available for lending and operational costs, which amounted to $46.6 million in interest expense during the given year.
Official website here: www.iccu.com
Who is the CEO of Idaho Central Credit Union?
Kent Oram is the Chief Executive Officer of Idaho Central Credit Union. The CEO's salary of Idaho Central Credit Union is $1,919,743 and their total compensation is $1,997,369.
Official website here: www.iccu.com
What is the revenue of Idaho Central Credit Union?
Who are the executives of Idaho Central Credit Union and what are their salaries?
The average compensation at Idaho Central Credit Union during 2022 was $3,668. There are 2,071 employees and 10 volunteers at Idaho Central Credit Union.
Here are 20 key members and their salaries (Idaho Central Credit Union's CEO's salary is $1,919,743 and their total compensation is $1,997,369):
- Kent Oram (Chief Executive Officer)
- Shelli Bardsley (Chief Administrative Officer)
- Brenda Worrell (Chief Operating Officer)
- Brian Berrett (Chief Financial Officer)
- Mark Willden (Chief Information Officer)
- Anthony Eckman (Mortgage Loan Officer)
- Sean Palmer (Mortgage Loan Officer)
- David Rusk (Mortgage Loan Officer)
- Jared Olson (Mortgage Loan Officer)
- Natalie Chatfield (Mortgage Loan Officer)
- Edward Tierney (Chief Lending Officer)
- Corey Dahle (Chief Experience Officer)
- Michael Watson (Chief Marketing Officer)
- Debbie Brady (Board Member) [Trustee/Director]
- Russ Mccoy (Board Member) [Trustee/Director]
- Troy Neu (Chairman) [Trustee/Director]
- Jonathon Hunt (Board Member) [Trustee/Director]
- Judy Harveston (Board Member) [Trustee/Director]
- Cindy Watson (Board Member) [Trustee/Director]
- Jace Katseanes (Board Member) [Trustee/Director]
Official website here: www.iccu.com
Where can I find the form 990 for Idaho Central Credit Union?
The Idaho Central Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.iccu.com
Learn more at the official website: www.iccu.com
Mission Statement of Idaho Central Credit Union
Idaho Central Credit Union, a financial institution dedicated to its members, aims to offer a comprehensive range of financial products and services. With a membership base of over 547,000 individuals, the credit union pools together funds and extends loans to its members. All expenses, whether related to keeping funds accessible for lending or operating costs, are incurred with the intention of providing financial solutions to its member community.
In the previous year, Idaho Central Credit Union extended loans to approximately 226,000 of its members, amounting to a significant total of $8,374,477,327 in loans outstanding. The credit union's commitment to its members extends beyond just lending, as all 547,697 members are enrolled in deposit products. Idaho Central Credit Union shoulders the expense of $46,583,527 in interest to ensure the availability of funds for its members' borrowing needs. The credit union's mission remains focused on providing financial services to its members, ensuring their access to essential financial tools for their daily lives.
Impact
This information is meant to be a general summary of Idaho Central Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Idaho Central Credit Union's impact stems from its role as a financial institution that provides a wide range of financial products and services to its members. With a sizable membership base of 547,697 individuals across 48 locations, Idaho Central plays a crucial role in pooling member funds and providing loans to support the financial needs of its members.
Throughout the year, Idaho Central facilitated loans for 226,430 of its members, resulting in a total outstanding loan amount of $8,374,477,327. Additionally, all 547,697 members actively participated in deposit products offered by the credit union.
In sustaining its operations and fulfilling its mission of providing financial services to members, Idaho Central incurred expenses related to fund availability for lending and operational costs. Notably, during the year, the credit union spent $46,583,527 in interest expenses to ensure the availability of funds for lending purposes.
Overall, Idaho Central Credit Union's impact can be seen in its significant contribution to the financial well-being and advancement of its members, as well as its commitment to providing essential financial services to the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans to Members
Revenue
$279,325,425
Other Member Income
Revenue
$87,833,506
Income from Member Fees and Charges
Revenue
$38,935,353
Investment Income
Revenue
$244,038
Organization Details
Founding Year
1940
Phone
(208) 478-3300
Principal Officer
Kent Oram
Main Address
PO Box 2469, Pocatello, ID, 83206
Website
www.iccu.com
NTEE Category
Code: W60 - Public benefit
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