connections credit union
- Assets
- $238.5m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 104
- Location
- pocatello, ID
- Founding
- Data as of
- 12/2021
- EIN
- 82-0202675
Organization Overview
connections credit union is located in pocatello, ID. As of 12/2021, connections credit union employed 104 individuals. connections credit union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, connections credit union generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $9.1m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE WELL BEING OF OVER 20000 MEMBERS BY PROVIDING LOANS AND DEPOSITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVIDENDS ON MEMBER DEPOSITS
SALARIES AND BENEFITS
OFFICE EXPENSES
OTHER EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Torres Mortgage Consultant | 40 | $226,158 | |
Brian Osberg President/ceo | Officer | 40 | $152,756 |
Brian Singleton Investment Advisor | 40 | $145,547 | |
Tami Lewis Mortgage Underwriter | 40 | $121,333 | |
Shannon Lord COO | Officer | 40 | $107,327 |
Stephanie Tocher VP Lending | Officer | 40 | $106,251 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,042,602 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,042,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $528,531 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,317,831 |
| Pension plan accruals and contributions | $116,058 |
| Other employee benefits | $589,610 |
| Payroll taxes | $302,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,616 |
| Fees for services: Accounting | $34,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,088 |
| Advertising and promotion | $443,289 |
| Office expenses | $558,895 |
| Information technology | $498,217 |
| Royalties | $0 |
| Occupancy | $415,010 |
| Travel | $50,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,890 |
| Interest | $973,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,975 |
| Insurance | $86,224 |
| All other expenses | $0 |
| Total functional expenses | $9,099,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,990,174 |
| Savings and temporary cash investments | $39,426,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $154,866,199 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,362,926 |
| Net Land, buildings, and equipment | $15,210,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,491,055 |
| Intangible assets | $0 |
| Other assets | $4,134,076 |
| Total assets | $238,481,581 |
| Accounts payable and accrued expenses | $482,747 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $221,676,994 |
| Total liabilities | $222,159,741 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,321,840 |
| Total liabilities and net assets/fund balances | $238,481,581 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that connections credit union has recieved totaling $78,753.
| Awarding Organization | Amount |
|---|---|
Northwest Credit Union Foundation Seatac, WA PURPOSE: RURAL ACCESS PLANNING GRANT | $57,000 |
Northwest Credit Union Foundation Seatac, WA PURPOSE: EMERGENCY LOAN/WORKER RELIEF PROGRAM | $21,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Translational Pulmonary And Immunology Research Center Long Beach, CA | $5,349,856 | $21,502,717 |
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Eleven Counties Cement Masons Vacation Savings Plan Arcadia, CA | $5,589,566 | $20,011,615 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Education Training And Research Associates Scotts Valley, CA | $15,485,603 | $19,032,847 |
Community Action Of Skagit County Mount Vernon, WA | $8,445,889 | $20,193,339 |
Berkeley Food And Housing Project Berkeley, CA | $7,900,684 | $21,326,193 |