Idaho United Credit Union

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

EIN: 820343410 ✦ Boise, ID ✦ Designated as a 501(c)(14)

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Overview

What is Idaho United Credit Union?

Idaho United Credit Union is a member-centric, nonprofit financial institution located in Boise, Idaho. With a mission to promote financial well-being and thrift, they offer loan and savings services to their 5,468 members at competitive rates. Adhering to a not-for-profit philosophy, they aim to provide reserve funds for affordable loans. As a member-owned credit union, Idaho United is dedicated to operating in a progressive manner, ensuring they deliver essential financial services in a convenient and personalized manner. The organization employs a team of 21 individuals to uphold these values.


Official website here: www.idahounited.org

Is Idaho United Credit Union legitimate?

Idaho United Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Idaho United 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: $291,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $704,058

For more financial information, click here


Official website here: www.idahounited.org

What is the mission statement of Idaho United Credit Union?

Idaho United Credit Union, as a member-owned organization, operates without profit and maintains reserve funds to offer affordable loans to its 5,468 members at competitive rates. The credit union's mission is to promote financial well-being and thrift among its members, providing essential financial services in a convenient manner with a personal touch. By doing so, Idaho United Credit Union aims to contribute to the financial stability of its members. The credit union's activities are primarily focused on offering loan and savings services, ensuring its members have access to financial resources at reasonable rates.


Official website here: www.idahounited.org

Who is the CEO of Idaho United Credit Union?

Nick Mcghee is the President/Ceo (Until 11/2022) of Idaho United Credit Union. The CEO's salary of Idaho United Credit Union is $21,452 and their total compensation is $21,452.


Official website here: www.idahounited.org

What is the revenue of Idaho United Credit Union?

Idaho United Credit Union's revenue in 2022 was $2,772,421.


Official website here: www.idahounited.org

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

The average compensation at Idaho United Credit Union during 2022 was $47,403. There are 21 employees and 7 volunteers at Idaho United Credit Union.


Here are 9 key members and their salaries (Idaho United Credit Union's CEO's salary is $21,452 and their total compensation is $21,452):


Gary Skeen (President/Ceo (Until 11/2022))
  • Compensation: $115,085
  • Related: $0
  • Other: $152,862
Nick Mcghee (President/Ceo (From 11/2022))
  • Compensation: $21,452
  • Related: $0
  • Other: $0
Richard Hahn (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Meyers (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Polito (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melody Sanford (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Huszar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Camille Cegnar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brittany Nixon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.idahounited.org

Where can I find the form 990 for Idaho United Credit Union?

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


Official website here: www.idahounited.org

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

Mission Statement of Idaho United Credit Union

Idaho United Credit Union, as a member-owned institution, is dedicated to operating without profit and setting aside reserve funds for lending to its 5,468 members at affordable rates. This mission-driven credit union, recognized for its progressiveness, aims to provide essential financial services in a convenient manner, all while offering a personal touch. By offering loan and savings services at competitive rates, Idaho United Credit Union promotes the financial well-being and thrift of its members, ensuring they have access to the resources they need to manage their finances effectively.

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Impact




October, 2024

Idaho United Credit Union plays a vital role in the financial community by promoting the financial well-being of its 5,468 members through accessible loan and saving services. Located in Boise, Idaho, the credit union offers competitive rates that empower members to manage their finances more effectively and build savings. With a mission centered around providing essential financial services with a personal touch, Idaho United enhances the lives of its members by prioritizing their needs and promoting thrift. This member-owned institution fosters a sense of community and support, ensuring that individuals can achieve their financial goals while benefiting from the collective strength of their membership. Overall, Idaho United Credit Union significantly contributes to the economic health of its members and the broader community.




This information is meant to be a general summary of Idaho United 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
$2,772,421 (2022)
Expenses
$1,953,103 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $76,292
  • Program Service Revenue: $2,696,129
  • Gross Receipts: $2,783,170

Assets and Liabilities:

  • Total Assets: $55,583,381
  • Total Liabilities: $51,020,144
  • Net Assets: $4,563,237

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Programs

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

Interest on Loans

Revenue

$2,136,184

Fee & Interchange Inco

Revenue

$485,288

Service Contracts

Revenue

$55,482

Operating Income - Vis

Revenue

$19,175

Organization Details

Founding Year

1978

Principal Officer

Nick Mcghee

Main Address

PO Box 2268, Boise, ID, 83701

NTEE Category

Code: W60 - Public benefit

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