Idaho United Credit Union
- Assets
- $48.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 24
- Location
- Boise, ID
- Founding
- Data as of
- 12/2021
- EIN
- 82-0343410
Organization Overview
Idaho United Credit Union is located in Boise, ID. As of 12/2021, Idaho United Credit Union employed 24 individuals. Idaho United 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, Idaho United Credit Union generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 0.5% 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
TO OPERATE WITHOUT PROFIT AND TO PROVIDE RESERVE FUNDS FOR LOANS TO MEMBERS AT REASONABLE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE FINANCIAL WELL-BEING AND THRIFT OF 5,241 MEMBERS BY PROVIDING LOAN AND SAVING SERVICES AT COMPETITIVE RATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Skeen President/ceo | Officer | 40 | $107,798 |
Richard Hahn Chairperson | OfficerTrustee | 0.5 | $0 |
Ronald Meyers Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Mike Polito Treasurer | OfficerTrustee | 0.5 | $0 |
Melody Sanford Secretary | OfficerTrustee | 0.5 | $0 |
Camille Cegnar Board Member | Trustee | 0.5 | $0 |
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 | $2,299,101 |
| Investment income | $11,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,306,698 |
| 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. | $267,522 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,427 |
| Pension plan accruals and contributions | $16,953 |
| Other employee benefits | $11,342 |
| Payroll taxes | $56,706 |
| 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 | $25,350 |
| Advertising and promotion | $18,431 |
| Office expenses | $293,248 |
| Information technology | $38,138 |
| Royalties | $0 |
| Occupancy | $51,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,940 |
| Insurance | $0 |
| All other expenses | $39,983 |
| Total functional expenses | $1,705,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,026,754 |
| Savings and temporary cash investments | $7,112,737 |
| 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 | $37,863,546 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,854 |
| Net Land, buildings, and equipment | $970,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,434,963 |
| Total assets | $48,454,365 |
| Accounts payable and accrued expenses | $1,103,941 |
| 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 | $43,606,505 |
| Total liabilities | $44,710,446 |
| 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 | $3,743,919 |
| Total liabilities and net assets/fund balances | $48,454,365 |
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