2018-05-01T17:49:37-07:00 2017-12-31 990 2017-01-01 820217065 IDAHO CENTRAL CREDIT UNION IDAH 2084783300 PO Box 2469 Pocatello ID 83206 Brian Berrett Chief Financial Officer 2084783300 2018-05-01 2017 2022-09-23 18:48:47Z Kent Oram PO Box 2469 Pocatello ID 83206 181730327 0 X www.iccu.com X 1940 ID Credit Union providing financial products and services to members. 7 7 1158 12 0 0 0 0 153783542 181730327 0 0 0 0 153783542 181730327 0 0 27363368 38179462 49588410 60237828 0 0 0 25803339 31951126 102755117 130368416 51028425 51361911 2810896842 3538145826 90879308 344826876 2720017534 3193318950 Credit Union providing financial services to members. 0 0 130368416 0 181730326 Idaho Central serves 298,350 members through 32 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 142,211 of our members. Total loans outstanding at the end of the year were $3,245,544,009. All 298,350 of our members participate in our deposit products. During the year we spent $23,053,739 in interest expense to have funds available to lend to members. 0 0 0 130368416 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 1158 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 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 Marv White Board Member 5 0 X 0 0 0 Judy Harveston Chairman 5 0 X 0 0 0 Cindy Watson Board Member 5 0 X 0 0 0 Dorothy Ricks Board Member 5 0 X 0 0 0 Kent Oram Chief Executive Officer 60 0 X 1110963 0 72839 Brian Berrett Chief Financial Officer 60 0 X 408814 0 115336 Shelli Bardsley Chief Administrative Officer 60 0 X 677160 0 44061 Brenda Worrell Chief Operating Officer 60 0 X 670126 0 74669 Mark Willden Chief Information Officer 60 0 X 409064 0 168456 Edward Tierney Chief Lending Officer 60 0 X 408536 0 69520 Corey Dahle Chief Experience Officer 60 0 X 392301 0 59678 Ben Davidson Vice President of Human Resources 60 0 X 269475 0 21500 Amanda Meyers Vice President of Mortgage Lending 60 0 X 255919 0 20653 Sean Palmer Mortgage Loan Officer 40 0 X 707735 0 7236 Gabe Crum Mortgage Loan Officer 40 0 X 396888 0 12898 Chris Helbling Mortgage Loan Officer 40 0 X 282557 0 10200 5989538 0 677046 55 0 1 0 0 0 Interest on Loans to Members 522130 108124528 108124528 0 0 Other Member Income 522130 53489779 53489779 0 0 Income from Member Fees and Charges 522130 19709179 19709179 0 0 Investment Income 522130 406841 406841 0 0 0 0 0 0 181730327 0 0 0 0 0 181730327 181730327 0 0 38179462 4538259 42233414 2416223 7428537 3621395 26412 587624 385957 6547134 3462782 6899954 3246912 3489150 360656 1510662 5124004 267147 Miscellaneous Expenses 42732 130368416 0 0 0 9096295 3107148 74261076 59845208 1279152 1378130 2540433815 3230295285 12325251 19082239 162440622 21824319 110134519 140616303 0 0 3711157 13724257 59655577 70097256 2810896842 3538145826 67706020 82790268 18750000 256953656 4423288 5082952 90879308 344826876 X 2473526584 2895555152 0 0 246490950 297763798 2720017534 3193318950 2810896842 3538145826 X 51361911 0 0 0 0 421939505 X 0 0 0 77413848 0 77413848 57355167 0 6481395 50873772 89396 0 89396 0 27582211 0 15253528 12328683 0 0 0 0 140616303 Other Liabilities 5082952 5082952 X X X 1 1 X X X X 0 1 0 Kent Oram Chief Executive Officer 654724 0 373349 0 82890 0 0 0 72839 0 1183802 0 0 0 Brian Berrett Chief Financial Officer 298400 0 104316 0 6098 0 98118 0 17218 0 524150 0 0 0 Shelli Bardsley Chief Administrative Officer 424425 0 238803 0 13932 0 22150 0 21911 0 721221 0 0 0 Brenda Worrell Chief Operating Officer 424426 0 234894 0 10806 0 38177 0 36492 0 744795 0 0 0 Mark Willden Chief Information Officer 301001 0 104316 0 3447 0 150920 0 117536 0 677220 0 0 0 Edward Tierney Chief Lending Officer 271895 0 127393 0 9248 0 52012 0 17508 0 478056 0 0 0 Corey Dahle Chief Experience Officer 271035 0 117990 0 3276 0 43218 0 16460 0 451979 0 0 0 Ben Davidson Vice President of Human Resources 197436 0 69211 0 2828 0 5438 0 16062 0 290975 0 0 0 Amanda Meyers Vice President of Mortgage Lending 190528 0 63240 0 2151 0 6186 0 14467 0 276572 0 0 0 Sean Palmer Mortgage Loan Officer 0 0 707540 0 195 0 4662 0 2574 0 714971 0 0 0 Gabe Crum Mortgage Loan Officer 3768 0 392953 0 167 0 5829 0 7069 0 409786 0 0 0 Chris Helbling Mortgage Loan Officer 21620 0 260928 0 9 0 2223 0 7977 0 292757 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 2017 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 Chief Executive Officer Fund Purchase Split Dollar Life Insurance X 7500000 8038098 0 1 1 Shelli Bardsley Chief Administrative Officer Fund Purchase Split Dollar Life Insurance X 2600000 2785450 0 1 1 Brenda Worrell Chief Operating Officer Fund Purchase Split Dollar Life Insurance X 2000000 2142654 0 1 1 Brian Berrett Chief Financial Officer Fund Purchase Split Dollar Life Insurance X 1200000 1285592 0 1 1 Edward Tierney Chief Lending Officer Fund Purchase Split Dollar Life Insurance X 2200000 2356919 0 1 1 Corey Dahle Chief Experience Officer Fund Purchase Split Dollar Life Insurance X 1200000 1243824 0 1 1 17852537 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 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 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 Change in deposits is $422,028,568. The change in Other Comprehensive Income is ($89,063).