2016-05-13T12:53:47-07:00 2015-12-31 990 2015-01-01 820217065 IDAHO CENTRAL CREDIT UNION IDAH 2084783300 PO Box 2469 Pocatello ID 83206 Brian Berrett Chief Financial Officer 2084783300 2016-05-13 2015 2016-12-15 16:53:06Z Kent Oram PO Box 2469 Pocatello ID 83206 116957009 0 X www.iccu.com X 1940 ID Credit Union providing financial products and services to members. 7 7 817 10 0 0 0 0 86638316 116957009 0 0 0 0 86638316 116957009 0 0 15183196 17891028 32989772 39884001 0 0 0 18526947 21412852 66699915 79187881 19938401 37769128 1853241094 2418391383 94915404 276536507 1758325690 2141854876 Credit Union providing financial services to members. 0 0 79187881 116957009 Idaho Central serves 216,063 members through 26 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 91,406 of our members. Total loans outstanding at the end of the year were $2,188,077,324. All 216,063 of our members participate in our deposit products. During the year we spent $13,932,363 in interest expense to have funds available to lend to members. 0 0 0 79187881 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 1 817 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 X 924157 0 72426 Brian Berrett Chief Financial Officer 60 X 320954 0 111002 Shelli Bardsley Executive Vice President 60 X 563545 0 40816 Brenda Worrell Executive Vice President 60 X 561203 0 50836 Mark Willden Chief Information Officer 60 X 322924 0 135610 Edward Tierney Vice President of Mortgage Lending 60 X 269678 0 55501 Corey Dahle Vice President of Consumer Lending 60 X 273755 0 18873 Ben Davidson Vice President of HR and Training 60 X 216591 0 17000 Collin Hunter Mortgage Loan Officer 40 X 404188 0 14241 Sean Palmer Mortgage Loan Officer 40 X 287501 0 10087 Lance Hendricks Mortgage Loan Officer 40 X 224879 0 14779 Mitch Rudder Mortgage Loan Officer 40 X 205396 0 15636 Amanda Myers Mortgage Loan Officer 40 X 198167 0 16905 4772938 0 573712 44 0 1 0 0 Interest on Loans to Members 522130 64851143 64851143 0 0 Other Member Income 522130 37861034 37861034 0 0 Income from Member Fees and Charges 522130 14034166 14034166 0 0 Investment Income 522130 210666 210666 0 0 0 0 0 0 116957009 0 0 0 0 0 116957009 116957009 0 0 17891028 3859515 27127349 2168197 4311333 2417607 22819 381371 262835 4389556 2715972 3921130 2429254 1650076 245306 646370 4522451 183914 Miscellaneous Expenses 41798 79187881 0 0 0 12232008 12660114 27914198 64704637 0 224607 830360 1696210646 2182149025 3571848 4368124 106337377 14760562 83033734 91576815 1016581 1001926 4805219 13263155 24232253 47837227 1853241094 2418391383 26075685 36237655 66136297 236937694 2703422 3361158 94915404 276536507 X 1599287395 1945927270 0 0 159038295 195927606 1758325690 2141854876 1853241094 2418391383 X 37769128 0 0 0 0 345760058 X 0 0 0 42611102 0 42611102 43600248 0 4840552 38759696 89396 0 83266 6130 20036631 0 9836744 10199887 0 0 0 0 91576815 Other Liabilities 3361158 3361158 X X X 1 1 X X X X 0 1 0 Kent Oram President 601357 0 308105 0 14695 0 26712 0 45714 0 996583 0 0 0 Brian Berrett Chief Financial Officer 266946 0 48810 0 5198 0 97523 0 13479 0 431956 0 0 0 Shelli Bardsley Executive Vice President 389860 0 164300 0 9385 0 20096 0 20720 0 604361 0 0 0 Brenda Worrell Executive Vice President 389860 0 164300 0 7043 0 28521 0 22315 0 612039 0 0 0 Mark Willden Chief Information Officer 269496 0 48810 0 4618 0 121671 0 13939 0 458534 0 0 0 Edward Tierney Vice President of Mortgage Lending 206764 0 60416 0 2498 0 41658 0 13843 0 325179 0 0 0 Corey Dahle Vice President of Consumer Lending 206814 0 64205 0 2736 0 5030 0 13843 0 292628 0 0 0 Ben Davidson Vice President of HR and Training 178407 0 36232 0 1952 0 4081 0 12919 0 233591 0 0 0 Collin Hunter Mortgage Loan Officer 0 0 404015 0 173 0 5093 0 9148 0 418429 0 0 0 Sean Palmer Mortgage Loan Officer 28838 0 258663 0 0 0 5422 0 4665 0 297588 0 0 0 Lance Hendricks Mortgage Loan Officer 50823 0 173408 0 648 0 4977 0 9802 0 239658 0 0 0 Mitch Rudder Mortgage Loan Officer 25589 0 179411 0 396 0 3418 0 12218 0 221032 0 0 0 Amanda Myers Mortgage Loan Officer 76627 0 121163 0 377 0 3782 0 13123 0 215072 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 2015 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 7662731 0 1 1 Shelli Bardsley Executive Vice President Fund purchase of cash value life insurance policies X 2600000 2656413 0 1 1 Brenda Worrell Executive Vice President Fund purchase of cash value life insurance policies X 2000000 2043395 0 1 1 Brian Berrett Chief Financial Officer Fund purchase of cash value life insurance policies X 1200000 1226037 0 1 1 Ed Tierney Vice President of Mortgage Lending Fund purchase of cash value life insurance policies X 2200000 2247734 0 1 1 15836310 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 $346,639,875. The change in Other Comprehensive Income is ($1,320,453). Equity acquired through merger of $440,636.