2017-05-11T13:40:03-07:00 2016-12-31 990 2016-01-01 820217065 IDAHO CENTRAL CREDIT UNION IDAH 2084783300 PO Box 2469 Pocatello ID 83206 Brian Berrett Chief Financial Officer 2084783300 2017-05-11 199.111.1.112 2016 2021-01-29 14:40:06Z Kent Oram PO Box 2469 Pocatello ID 83206 153783542 0 X www.iccu.com X 1940 ID Credit Union providing financial products and services to members. 7 7 979 12 0 0 0 0 116957009 153783542 0 0 0 0 116957009 153783542 0 0 17891028 27363368 39884001 49588410 0 0 0 21412852 25803339 79187881 102755117 37769128 51028425 2418391383 2810896842 276536507 90879308 2141854876 2720017534 Credit Union providing financial services to members. 0 0 102755117 0 153783542 Idaho Central serves 253,664 members through 29 locations in Idaho. 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 116,069 of our members. Total loans outstanding at the end of the year were $2,550,092,898. All 253,664 of our members participate in our deposit products. During the year we spent $18,141,897 in interest expense to have funds available to lend to members. 0 0 0 102755117 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 1 979 1 0 0 0 0 0 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 Debbie Brady Board Member 5 X 0 0 0 Russ McCoy Board Member 5 X 0 0 0 Troy Neu Board Member 5 X 0 0 0 Marv White Board Member 5 X 0 0 0 Judy Harveston Chairman 5 X 0 0 0 Cindy Watson Board Member 5 X 0 0 0 Dorothy Ricks Board Member 5 X 0 0 0 Kent Oram President 60 0 X 1175458 0 79139 Brian Berrett Chief Financial Officer 60 0 X 338446 0 120586 Shelli Bardsley Chief Administrative Officer 60 0 X 591105 0 54319 Brenda Worrell Chief Operating Officer 60 0 X 583134 0 66714 Mark Willden Chief Information Officer 60 0 X 339750 0 110278 Edward Tierney Chief Lending Officer 60 0 X 289739 0 24795 Corey Dahle Chief Experience Officer 60 0 X 285308 0 23109 Sean Palmer Mortgage Loan Officer 40 0 X 640226 0 11498 Collin Hunter Mortgage Loan Officer 40 0 X 355293 0 11792 Shelli Jones Mortgage Loan Officer 40 0 X 245627 0 9297 Gabe Crum Mortgage Loan Officer 40 0 X 245340 0 18317 Mitch Rudder Mortgage Loan Officer 40 0 X 234568 0 18562 5323994 0 548406 50 0 1 0 0 Interest on Loans to Members 522130 83934586 83934586 0 0 Other Member Income 522130 53447750 53447750 0 0 Income from Member Fees and Charges 522130 15981228 15981228 0 0 Investment Income 522130 419978 419978 0 0 0 0 0 0 153783542 0 0 0 0 0 153783542 153783542 0 0 27363368 4564151 33671030 2306529 6120924 2925776 27343 439857 253224 5780296 3291948 5024132 2720645 2228600 298378 757300 4757574 187239 Miscellaneous Expenses 36803 102755117 0 0 0 12660114 9096295 64704637 74261076 830360 1279152 2182149025 2540433815 4368124 12325251 127566279 17431760 91576815 110134519 1001926 0 13263155 3711157 47837227 59655577 2418391383 2810896842 36237655 67706020 236937694 18750000 3361158 4423288 276536507 90879308 X 1945927270 2473526584 0 0 195927606 246490950 2141854876 2720017534 2418391383 2810896842 X 51028425 0 0 0 0 527134233 X 0 0 0 55996078 0 55996078 50002435 0 5606444 44395991 89396 0 89396 0 21478370 0 11735920 9742450 0 0 0 0 110134519 Other Liabilities 4423288 4423288 X X X 1 1 X X X X 0 1 0 Kent Oram President 616224 0 348375 0 9000 0 210859 0 79139 0 1263597 0 0 0 Brian Berrett Chief Financial Officer 280735 0 51653 0 6058 0 100180 0 20406 0 459032 0 0 0 Shelli Bardsley Chief Administrative Officer 399517 0 180126 0 11462 0 20563 0 33756 0 645424 0 0 0 Brenda Worrell Chief Operating Officer 399517 0 172889 0 10728 0 31865 0 66714 0 681713 0 0 0 Mark Willden Chief Information Officer 283284 0 51655 0 4811 0 89055 0 110278 0 539083 0 0 0 Edward Tierney Chief Lending Officer 217419 0 68406 0 3914 0 6137 0 24795 0 320671 0 0 0 Corey Dahle Chief Experience Officer 217369 0 64691 0 3248 0 5957 0 23109 0 314374 0 0 0 Sean Palmer Mortgage Loan Officer 0 0 640045 0 181 0 5988 0 11498 0 657712 0 0 0 Collin Hunter Mortgage Loan Officer 0 0 355000 0 150 0 5956 0 11792 0 372898 0 0 0 Shelli Jones Mortgage Loan Officer 62766 0 179806 0 3055 0 4172 0 9297 0 259096 0 0 0 Gabe Crum Mortgage Loan Officer 32777 0 212388 0 175 0 4590 0 18317 0 268247 0 0 0 Mitch Rudder Mortgage Loan Officer 47350 0 186976 0 242 0 4818 0 18562 0 257948 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 Amounts expensed in 2016 are as follows: Kent Oram - $24,117 and Shelli Bardsley - $7,515. In addition, the organization deposited funds into a life insurance policy on the participant's life. During 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 President Fund purchase of cash value life insurance policies X 7500000 7848939 0 1 1 Shelli Bardsley Chief Administrative Officer Fund purchase of cash value life insurance policy X 2600000 2719900 0 1 1 Brenda Worrell Chief Operating Officer Fund purchase of cash value life insurance policy X 2000000 2092231 0 1 1 Brian Berrett Chief Financial Officer Fund purchase of cash value life insurance policy X 1200000 1255339 0 1 1 Edward Tierney Chief Lending Officer Fund purchase of cash value life insurance policy X 2200000 2301454 0 1 1 Corey Dahle Chief Experience Officer Fund purchase of cash value life insurance policy X 1200000 1216573 0 1 1 17434436 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 President for review prior to filing. Form 990, Part VI, Section B, Line 12c We consistently monitor and enforce compliance with the conflict of interest policy. It 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 President according to that and how Idaho Central is performing. The President sets the salary for 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 Change in deposits is $527,599,314. The change in Other comprehensive Income is ($465,081).