Icon Credit Union
- Assets
- $0.0
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 136
- Location
- Boise, ID
- Founding
- Data as of
- 07/2020
- EIN
- 82-0209467
Organization Overview
Icon Credit Union is located in Boise, ID. As of 07/2020, Icon Credit Union employed 136 individuals. Icon 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 07/2020, Icon Credit Union generated $12.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $10.9m during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE FINANCIAL WELLBEING OF MEMBERS BY PROVIDING SERVICES AT COMPETITIVE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN SERVICES: THE CREDIT UNION PROVIDES A VARIETY OF LOAN PRODUCTS TO SATISFY THE MEMBER'S NEEDS INCLUDING MORTGAGES, CONSUMER LOANS, CREDIT CARDS AND SMALL BUSINESS LOANS. THE CREDIT UNION SERVICES 21,432 LOANS TOTALING $304,092,872.
DEPOSIT SERVICES: THE CREDIT UNION PROVIDES A WIDE ARRAY OF DEPOSIT SERVICES INCLUDING CHECKING, SAVINGS, MONEY MARKET, CDS, AND IRAS. WE SERVICE 29,248 MEMBERS WITH SAVINGS AND DEPOSIT SERVICE NEEDS. THE ACCOUNT BALANCES ARE $318,929,616
LOAN SERVICES: THE CREDIT UNION PROVIDES A VARIETY OF LOAN PRODUCTS TO SATISFY THE MEMBER'S NEEDS INCLUDING MORTGAGES, CONSUMER LOANS, CREDIT CARDS AND SMALL BUSINESS LOANS. THE CREDIT UNION SERVICES 21,432 LOANS TOTALING $304,092,872.
DEPOSIT SERVICES: THE CREDIT UNION PROVIDES A WIDE ARRAY OF DEPOSIT SERVICES INCLUDING CHECKING, SAVINGS, MONEY MARKET, CDS, AND IRAS. WE SERVICE 29,248 MEMBERS WITH SAVINGS AND DEPOSIT SERVICE NEEDS. THE ACCOUNT BALANCES ARE $318,929,616
LOAN SERVICES: THE CREDIT UNION PROVIDES A VARIETY OF LOAN PRODUCTS TO SATISFY THE MEMBER'S NEEDS INCLUDING MORTGAGES, CONSUMER LOANS, CREDIT CARDS AND SMALL BUSINESS LOANS. THE CREDIT UNION SERVICES 21,432 LOANS TOTALING $304,092,872.
DEPOSIT SERVICES: THE CREDIT UNION PROVIDES A WIDE ARRAY OF DEPOSIT SERVICES INCLUDING CHECKING, SAVINGS, MONEY MARKET, CDS, AND IRAS. WE SERVICE 29,248 MEMBERS WITH SAVINGS AND DEPOSIT SERVICE NEEDS. THE ACCOUNT BALANCES ARE $318,929,616
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Miller President/ceo (until 7/31/20) | Officer | 50 | $259,274 |
John Neil - Mortgage Loan Officer (until 7/31/20) | 50 | $200,405 | |
Dee Carter - Mortgage Sales Manager (until 7/31/20) | 50 | $197,083 | |
Justin Risner - Mortgage Loan Officer (until 7/31/20) | 50 | $191,339 | |
Robert Dumas - Mortgage Loan Officer (until 7/31/20) | 50 | $122,821 | |
Terri Lacoy - Accounting Supervisor (until 7/31/20) | Officer | 50 | $55,403 |
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 | $11,930,771 |
| Investment income | $181,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,093,387 |
| 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. | $389,860 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,241,196 |
| Pension plan accruals and contributions | $189,320 |
| Other employee benefits | $712,685 |
| Payroll taxes | $264,693 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,093 |
| Advertising and promotion | $189,561 |
| Office expenses | $1,048,956 |
| Information technology | $344,505 |
| Royalties | $0 |
| Occupancy | $163,531 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,193 |
| Interest | $19,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,709 |
| Insurance | $47,254 |
| All other expenses | $30,720 |
| Total functional expenses | $10,891,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Icon Credit Union has recieved totaling $21,125.
| Awarding Organization | Amount |
|---|---|
Northwest Credit Union Foundation Seatac, WA PURPOSE: CU DEVE/GRANTS | $21,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Cities Counseling And Consultation Kent, WA | $68,516,464 | $52,441,462 |
Clean Air California San Rafael, CA | $105,149 | $50,028,663 |
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |
Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Olympic Club San Francisco, CA | $139,553,098 | $52,824,082 |
Senior Housing Assistance Group Bellevue, WA | $19,510,014 | $47,584,757 |
Guide Dogs For The Blind Inc San Rafael, CA | $528,074,429 | $68,313,172 |
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Los Angeles County Museum Of Natural History Foundation Los Angeles, CA | $310,771,263 | $64,336,067 |
Denver Art Museum Inc Denver, CO | $201,676,348 | $57,180,332 |
Donor Alliance Inc Denver, CO | $111,360,306 | $58,379,517 |
Tmc Medical Network Tucson, AZ | $11,838,575 | $36,338,871 |