Pocatello Simplot Credit Union

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

EIN: 826006059 ✦ Pocatello, ID ✦ Designated as a 501(c)(14)

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Overview

What is Pocatello Simplot Credit Union?

Pocatello Simplot Credit Union is a nonprofit organization dedicated to enhancing the financial well-being of its 2,058 members. Situated in Pocatello, Idaho, this credit union offers competitive loan and savings services to its members. The organization's mission is to honor the Simplot family's legacy by providing a exclusive financial home, offering personalized products and services aimed at ensuring the financial success of its members now and in the future. With a staff of 10 individuals, the credit union operates with the goal of promoting financial stability and prosperity within its membership.


Official website here: www.pocsimplotcu.com

Is Pocatello Simplot Credit Union legitimate?

Pocatello Simplot Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pocatello Simplot 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: $114,814
Professional Fundraising Fees: $0
Other Salaries and Wages: $292,262

For more financial information, click here


Official website here: www.pocsimplotcu.com

What is the mission statement of Pocatello Simplot Credit Union?

The mission of Pocatello Simplot Credit Union is centered around promoting the financial well-being of its members. By offering services at competitive rates, the credit union aims to support its 2,058 members financially, not just in the present, but also looking towards their future. This financial institution is committed to honoring the contributions of its members, who are associated with the Simplot company, by providing them with personalized financial products and services. The primary focus of Pocatello Simplot Credit Union is to ensure the financial success of its members.


Official website here: www.pocsimplotcu.com

Who is the CEO of Pocatello Simplot Credit Union?

Amy Wellard is the Chairman of Pocatello Simplot Credit Union. The CEO's salary of Pocatello Simplot Credit Union is $100,566 and their total compensation is $113,712.


Official website here: www.pocsimplotcu.com

What is the revenue of Pocatello Simplot Credit Union?

Pocatello Simplot Credit Union's revenue in 2022 was $1,411,407.


Official website here: www.pocsimplotcu.com

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

The average compensation at Pocatello Simplot Credit Union during 2022 was $40,708. There are 10 employees and 9 volunteers at Pocatello Simplot Credit Union.


Here are 6 key members and their salaries (Pocatello Simplot Credit Union's CEO's salary is $100,566 and their total compensation is $113,712):


Jay Powell (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristi Samuelson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Phillips (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Bailly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Perry Boren (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Wellard (President & Ceo)
  • Compensation: $100,566
  • Related: $0
  • Other: $13,146


Official website here: www.pocsimplotcu.com

Where can I find the form 990 for Pocatello Simplot Credit Union?

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


Official website here: www.pocsimplotcu.com

Learn more at the official website: www.pocsimplotcu.com

Mission Statement of Pocatello Simplot Credit Union

Pocatello Simplot Credit Union, a financial institution dedicated to its members, is committed to promoting their financial well-being. By operating with a mission that honors the men and women of Simplot, this credit union provides an exclusive financial home for its family members. It achieves this goal by offering personalized products and services at competitive rates, aiming to ensure the financial success of its members both today and in the future. In essence, Pocatello Simplot Credit Union is a financial institution that prioritizes the financial well-being of its 2,058 members, providing them with loan and savings services at competitive rates to help them achieve financial stability and success.

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Impact




October, 2024

Pocatello Simplot Credit Union has a significant impact on the financial well-being of its members, serving a community of 2,058 individuals. By offering competitive rates on loans and savings services, the Credit Union supports its members in achieving their financial goals. Its mission to provide an exclusive financial home for the families of Simplot employees reflects a commitment to personalized service and financial success. This focus not only promotes individual financial health but also contributes to the overall economic stability of the Pocatello area. Through its tailored products and services, the Credit Union enhances the quality of life for its members, ensuring their financial needs are met today and for the future.




This information is meant to be a general summary of Pocatello Simplot 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
$1,411,407 (2022)
Expenses
$947,622 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $142,223
  • Program Service Revenue: $1,269,184
  • Gross Receipts: $1,411,407

Assets and Liabilities:

  • Total Assets: $36,294,706
  • Total Liabilities: $28,526,944
  • Net Assets: $7,767,762

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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

$1,199,210

Share Draft and Debit

Revenue

$31,554

ATM Fees & Other Opera

Revenue

$18,698

Loan Interest & Fee In

Revenue

$10,942

CC Loan Service Income

Revenue

$8,780

Organization Details

Founding Year

1955

Principal Officer

Amy Wellard

Main Address

PO Box 2519, Pocatello, ID, 83206

NTEE Category

Code: W60 - Public benefit

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