Dec, 31, 2023 — IDAHO CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in CHUBBUCK, ID with 54 branch locations and about $11.00 billion in total assets. Opened 84 years ago in 1940, IDAHO CENTRAL CREDIT UNION has about 610,882 members and employs 1,829 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IDAHO CENTRAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4400 Central Way CHUBBUCK, ID 83202 |
| Phone: | (208) 239-3000 |
| Fax: | (208) 239-3049 |
| Website: | https://www.iccu.com |
| Branches: | 54 branch locations |
| Members: | 610,882 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63194 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $10,999,807,401 |
| CEO/Manager: | Brenda Worrell |
| Chairperson: | Troy Neu |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 654,474,564 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,887,419 |
| Real Estate Loans | 5,532,832,981 |
| Unsecured Loans | 429,797,301 |
| Other Loans | 3,543,660,868 |
| TOTAL LOANS | 9,506,291,151 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,010,826 |
| Land And Building | 371,884,694 |
| Other Fixed Assets | 25,711,821 |
| NCUSIF Deposit | 77,461,145 |
| All Other Assets | 542,134 |
| TOTAL ASSETS | 10,999,807,401 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 45,747,332 |
| Notes & Interest Payable | 91,438,791 |
| Accounts Payable & Other Liabilities | 179,088,403 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 80,000,000 |
| Share Drafts | 523,123,556 |
| Regular shares | 2,836,255,874 |
| All Other Shares & Deposits | 6,414,501,552 |
| TOTAL SHARES & DEPOSITS | 9,773,880,982 |
| TOTAL LIABILITIES | 10,170,155,508 |
| Regular Reserve | 0 |
| Other Reserves | -22,326,208 |
| Undivided Earnings | 851,978,101 |
| TOTAL EQUITY | 829,651,893 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,999,807,401 |
| INCOME & EXPENSE | |
| Loan Income | 431,299,173 |
| Investment Income | 22,291,003 |
| Other Income | 48,845,452 |
| Total Employee Compensation & Benefits | 149,440,920 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 112,201,787 |
| Non-operating Income & (Expense) | 1,337,627 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,556,379 |
| Cost of Funds | 211,025,785 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 95,554,607 |
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