Connections Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820202675 ✦ Pocatello, ID ✦ Designated as a 501(c)(14)

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Overview

What is Connections Credit Union?

Connections Credit Union is a nonprofit organization dedicated to enhancing the financial wellbeing of approximately 20,000 members. Their primary activities involve offering loans and deposit services, aiming to improve their members' financial standing. The credit union provides dividends on member deposits and ensures fair compensation for its employees through salaries and benefits. In essence, Connections Credit Union seeks to foster financial stability and prosperity among its members.


Official website here: www.connectidaho.org

Is Connections Credit Union legitimate?

Connections Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Connections 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: $535,112
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,838,981

For more financial information, click here


Official website here: www.connectidaho.org

What is the mission statement of Connections Credit Union?

Connections Credit Union is committed to enhancing the financial well-being of its over 20,000 members. This is achieved through the provision of both loans and savings services. The credit union's mission is to promote financial stability for its members, as evident in its offerings of dividends on member deposits and its employment of staff who receive salaries and benefits. By offering these financial services, Connections Credit Union aims to contribute positively to the financial well-being of its members.


Official website here: www.connectidaho.org

Who is the CEO of Connections Credit Union?

Brian Osberg is the President/Ceo of Connections Credit Union. The CEO's salary of Connections Credit Union is $182,276 and their total compensation is $182,276.


Official website here: www.connectidaho.org

What is the revenue of Connections Credit Union?

Connections Credit Union's revenue in 2022 was $11,518,730.


Official website here: www.connectidaho.org

Who are the executives of Connections Credit Union and what are their salaries?

The average compensation at Connections Credit Union during 2022 was $39,764. There are 110 employees and 9 volunteers at Connections Credit Union.


Here are 16 key members and their salaries (Connections Credit Union's CEO's salary is $182,276 and their total compensation is $182,276):


Brian Osberg (President/Ceo)
  • Compensation: $182,276
  • Related: $0
  • Other: $0
Brian Singleton (Investment Advisor)
  • Compensation: $148,486
  • Related: $0
  • Other: $0
Michael Torres (Mortgage Consultant)
  • Compensation: $130,671
  • Related: $0
  • Other: $0
Jamie Simmons (Evp)
  • Compensation: $128,981
  • Related: $0
  • Other: $0
Shannon Lord (Coo)
  • Compensation: $126,300
  • Related: $0
  • Other: $0
Stephanie Tocher (Vp Lending)
  • Compensation: $120,540
  • Related: $0
  • Other: $0
Tami Lewis (Mortgage Underwriter)
  • Compensation: $105,319
  • Related: $0
  • Other: $0
Sheila Ericksen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Murphy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Lloyd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Nelson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quentin Howard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amber Christensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Young (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodd Eggleston (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlotte Blair (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.connectidaho.org

Where can I find the form 990 for Connections Credit Union?

Connections Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.connectidaho.org

Learn more at the official website: www.connectidaho.org

Mission Statement of Connections Credit Union

Connections Credit Union, a financial institution serving over 20,000 members, is committed to promoting their financial well-being. The organization's mission is to achieve this by offering a range of loans and savings services. By providing these financial tools, Connections Credit Union aims to enhance the financial stability and prosperity of its members. Beyond offering financial products, the credit union also ensures its employees receive salaries and benefits, demonstrating a holistic approach to its members' financial well-being.

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Impact




October, 2024

Connections Credit Union significantly impacts the financial well-being of over 20,000 members in Pocatello, Idaho, by offering a range of loans and deposit services. Through its dedication to promoting financial security, the credit union provides competitive dividends on member deposits, which encourages savings and wealth accumulation. Additionally, its various loan products help members meet their financial needs, whether for personal use, education, or business purposes. The credit union's focus on member benefits, including salaries and benefits for its employees, further reflects its commitment to fostering a supportive financial environment. Overall, Connections Credit Union plays a vital role in enhancing the economic stability and quality of life for its members and the broader community.




This information is meant to be a general summary of Connections 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.

Revenue
$11,518,730 (2022)
Expenses
$10,159,170 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $11,518,730
  • Gross Receipts: $11,518,730

Assets and Liabilities:

  • Total Assets: $249,677,721
  • Total Liabilities: $231,996,321
  • Net Assets: $17,681,400

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Loan income

Revenue

$8,715,926

Investment income

Revenue

$291,138

Fee income

Revenue

$1,931,479

Misc. income

Revenue

$559,856

Unrelated business income

Revenue

$20,331

Organization Details

Founding Year

1937

Principal Officer

Brian Osberg

Main Address

1150 n 8th ave, pocatello, ID, 83201

NTEE Category

Code: W60 - Public benefit

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