2025-05-09T13:50:14-07:00 2024-12-31 990 2024-01-01 820217065 IDAHO CENTRAL CREDIT UNION IDAH 2084783300 PO Box 2469 Pocatello ID 83206 Brian Berrett Chief Financial Officer 2084783300 2025-05-09 1 2024 2025-03-06 01:10:19Z Brenda Worrell PO Box 2469 Pocatello ID 83206 739145782 0 X www.iccu.com X 1940 ID Credit Union providing financial products and services to members. 7 7 2337 10 0 0 0 0 605779479 739145782 0 0 0 0 605779479 739145782 0 0 255337023 340575139 149440921 169702855 0 0 0 105446928 115528711 510224872 625806705 95554607 113339077 10999807401 12120188554 396274526 686011716 10603532875 11434176838 Credit Union providing financial services to members. 0 0 625806705 739145780 Idaho Central serves 671,689 members through 59 locations. We provide a full range of financial products and services to our members. We pool member funds and loan them to members. All expenses are either related to having funds available to lend or operating costs. We provided loans to 276,868 of our members. Total loans outstanding at the end of the year were $10,511,463,089. All 671,689 of our members participate in our deposit products. During the year we spent $280,705,934 in interest expense to have funds available to lend to members. 0 0 0 625806705 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 2337 1 0 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Idaho Central Credit Union 2084783300 PO Box 2469 Pocatello ID 83206 Brenda Worrell Chief Executive Officer 60 0 X 2095015 0 194087 Brian Berrett Chief Financial Officer 60 0 X 694832 0 225385 Mark Willden Chief Information Officer 60 0 X 675262 0 217913 Kent Oram Former Chief Executive Officer 0 0 X 837338 0 17705 Michael Watson Chief Marketing Officer 60 0 X 669280 0 159695 Corey Dahle Chief Experience Officer 60 0 X 699451 0 45165 Edward Tierney Chief Lending Officer 60 0 X 624507 0 40908 Dave Rusk Mortgage Loan Officer 60 0 X 654297 0 10323 Jared Olson Mortgage Loan Officer 60 0 X 633567 0 10294 Aric Alcantara Mortgage Loan Officer 60 0 X 543120 0 10344 Christopher Helbling Mortgage Loan Officer 60 0 X 480073 0 10307 Sean Palmer Mortgage Loan Officer 60 0 X 443374 0 11318 Debbie Brady Chairman 5 0 X 0 0 0 Russ McCoy Board Member 5 0 X 0 0 0 Troy Neu Board Member 5 0 X 0 0 0 Jonathon Hunt Board Member 5 0 X 0 0 0 Judy Harveston Board Member 5 0 X 0 0 0 Cindy Watson Board Member 5 0 X 0 0 0 Jace Katseanes Board Member 5 0 X 0 0 0 9050116 0 953444 225 1 1 0 0 0 Interest on Loans to Members 522130 562196806 562196806 0 0 Other Member Income 522130 86249474 86249474 0 0 Income from Member Fees and Charges 522130 55790973 55790973 0 0 Investment Income 522100 34908529 34908529 0 0 0 0 0 0 739145782 0 0 0 0 0 739145782 739145782 0 0 340575139 7008351 119854852 5371013 27795268 9673371 214832 1249000 1729079 24269467 12105945 27443024 8826864 5475102 1540716 18663433 13107846 720350 Miscellaneous Expenses 183053 625806705 0 0 0 61467843 86121786 608019149 615816420 9614945 9873551 9463167744 10444952649 56379611 76551787 494981417 52244614 397596514 442736803 140551107 171209099 263010488 272926459 10999807401 12120188554 179088403 172599211 171438791 463877219 45747332 49535286 396274526 686011716 X 9773880982 10481587360 0 0 829651893 952589478 10603532875 11434176838 10999807401 12120188554 X 113339077 0 0 0 0 717304886 X 0 0 0 193685196 0 193685196 240515310 0 20570992 219944318 4347007 0 3543044 803963 56433904 0 28130578 28303326 0 0 0 0 442736803 Other Liabilities 49535286 49535286 X X X 1 1 X X X X X 0 1 0 Kent Oram Former Chief Executive Officer 330054 0 0 0 507284 0 0 0 17705 0 855043 0 0 0 Brenda Worrell Chief Executive Officer 1378803 0 704834 0 11378 0 136302 0 57785 0 2289102 0 0 0 Brian Berrett Chief Financial Officer 573264 0 108685 0 12882 0 185774 0 39611 0 920216 0 0 0 Mark Willden Chief Information Officer 554158 0 105568 0 15535 0 185085 0 32828 0 893174 0 0 0 Edward Tierney Chief Lending Officer 539953 0 76655 0 7899 0 9464 0 31444 0 665415 0 0 0 Corey Dahle Chief Experience Officer 578795 0 109790 0 10866 0 8573 0 36592 0 744616 0 0 0 Michael Watson Chief Marketing Officer 445371 0 214541 0 9368 0 137508 0 34327 0 841115 0 0 0 Dave Rusk Mortgage Loan Officer 0 0 654205 0 92 0 8298 0 10323 0 672918 0 0 0 Jared Olson Mortgage Loan Officer 0 0 633553 0 15 0 8191 0 10294 0 652053 0 0 0 Aric Alcantara Mortgage Loan Officer 0 0 543113 0 6 0 8330 0 10344 0 561793 0 0 0 Christopher Helbling Mortgage Loan Officer 0 0 480065 0 7 0 8191 0 10307 0 498570 0 0 0 Sean Palmer Mortgage Loan Officer 0 0 443168 0 206 0 8457 0 11318 0 463149 0 0 0 Schedule J, Part I, Line 1a Idaho Central provides certain key employees first class air, travel for companions, and health or social club dues. Schedule J, Part I, Line 4 Idaho Central deposited funds into a life insurance policy on the participants' life, and subject to the policy generating sufficient values, the participant can borrow from the policy. At death, the organization recovers its premiums plus interest plus additional key-person insurance proceeds. Kent Oram Former CEO Funds Purchase Split Dollar Life Insurance X 23500000 24362572 0 1 1 Shelli Bardsley Former Chief Administrative Officer Funds Purchase Split Dollar Life Insurance X 2600000 3284692 0 1 1 Brenda Worrell Chief Executive Officer Funds Purchase Split Dollar Life Insurance X 21300000 22098793 0 1 1 Brian Berrett Chief Financial Officer Funds Purchase Split Dollar Life Insurance X 5450000 5808041 0 1 1 Edward Tierney Chief Lending Officer Funds Purchase Split Dollar Life Insurance X 3900000 4498458 0 1 1 Mark Willden Chief Information Officer Funds Purchase Split Dollar Life Insurance X 7550000 7631271 0 1 1 Corey Dahle Chief Experience Officer Funds Purchase Split Dollar Life Insurance X 2950000 3219342 0 1 1 Michael Watson Chief Marketing Officer Funds Purchase Split Dollar Life Insurance X 4000000 3991170 0 1 1 74894339 Form 990, Part VI, Section A, Line 6 Idaho Central is a member owned, not for profit credit union. Form 990, Part VI, Section B, Line 11b The Chief Financial Officer (also a CPA) prepares the 990. It is then submitted to the Chief Executive Officer (also a CPA) prior to filing. Form 990, Part VI, Section B, Line 12c We consistently monitor and enforce compliance with the conflict of interest policy. It also covers Board Members, key staff, and family members. A review is performed at least annually. In addition, auditors and examiners review accounts held by the aforementioned persons. Form 990, Part VI, Section B, Line 15 Annually, the Board of Directors reviews salary surveys of similar sized institutions and sets the salary of the Chief Executive Officer according to that and how Idaho Central is performing. The Chief Executive Officer sets the salary of all other employees of the Credit Union. Each employee receives an annual salary review. Form 990, Part VI, Section C, Line 19 The financial statements are published in the branch offices and are available upon request. Other documents may also be made available upon request. Form 990, Part XI, Line 9 The change in deposits is $707,706,378. The change in merger equity via a merger is $1,275,056. The change in Insurance Services equity is $370,437. The change in Other Comprehensive Income is $7,953,015.