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 tax deductible.
Heare 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?
Idaho Central Credit Union's revenue in 2022 was $406,338,322.
Official website here: www.iccu.com
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 2071 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):
- Compensation: $1,919,743
- Related: $0
- Other: $77,626
- Compensation: $1,643,293
- Related: $0
- Other: $34,380
- Compensation: $1,173,074
- Related: $0
- Other: $179,487
- Compensation: $584,196
- Related: $0
- Other: $191,436
- Compensation: $593,171
- Related: $0
- Other: $179,594
- Compensation: $743,867
- Related: $0
- Other: $26,001
- Compensation: $743,184
- Related: $0
- Other: $26,117
- Compensation: $731,675
- Related: $0
- Other: $26,045
- Compensation: $715,001
- Related: $0
- Other: $16,648
- Compensation: $654,289
- Related: $0
- Other: $26,157
- Compensation: $583,799
- Related: $0
- Other: $37,562
- Compensation: $580,590
- Related: $0
- Other: $34,225
- Compensation: $394,031
- Related: $0
- Other: $203,988
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iccu.com
Where can I find the form 990 for Idaho Central Credit Union?
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.
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Impact
October, 2024
Idaho Central Credit Union plays a significant role in enhancing the financial well-being of its members and the broader community. By serving 547,697 members across 48 locations, it offers a comprehensive suite of financial products and services designed to meet diverse needs.
A key aspect of its impact is the provision of loans, with 226,430 members receiving financial support, resulting in total outstanding loans of over $8.37 billion. This lending capacity not only fosters individual financial growth but also stimulates local economies, enabling members to invest in homes, vehicles, and businesses.
In addition to offering loans, Idaho Central ensures that every member can benefit from participating in deposit products, reinforcing a sense of community and shared financial responsibility. The credit union expended over $46 million in interest expenses to secure funds for lending, highlighting its commitment to providing accessible financing options while maintaining operational efficiency.
Ultimately, Idaho Central Credit Union's activities contribute to financial empowerment and have a lasting positive impact on the economic landscape of Pocatello, ID, and beyond.
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.
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.
- Program Service Revenue: $406,338,322
- Gross Receipts: $406,338,322
Assets and Liabilities:
- Total Assets: $9,744,390,843
- Total Liabilities: $988,171,731
- Net Assets: $8,756,219,112
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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) 478-3300Principal Officer
Kent Oram
Main Address
PO Box 2469, Pocatello, ID, 83206
Website
www.iccu.comNTEE Category
Code: W60 - Public benefit
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