Dec, 31, 2023 — IDAHO STATE UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in POCATELLO, ID with 6 branch locations and about $335.30 million in total assets. Opened 72 years ago in 1952, IDAHO STATE UNIVERSITY FEDERAL CREDIT UNION has about 27,493 members and employs 77 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 STATE UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 275 S 5th Ave POCATELLO, ID 83201 |
| Phone: | (208) 235-7100 |
| Fax: | (208) 233-1729 |
| Website: | https://www.lookoutcu.com |
| Branches: | 6 branch locations |
| Members: | 27,493 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7776 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $335,299,495 |
| CEO/Manager: | Doug Chambers |
| Chairperson: | Renee Spurgeon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,947,500 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,956 |
| Real Estate Loans | 119,998,457 |
| Unsecured Loans | 16,383,346 |
| Other Loans | 99,225,321 |
| TOTAL LOANS | 235,607,124 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,051,021 |
| Land And Building | 8,673,395 |
| Other Fixed Assets | 699,971 |
| NCUSIF Deposit | 2,569,793 |
| All Other Assets | 119,918 |
| TOTAL ASSETS | 335,299,495 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 54,250,000 |
| Accounts Payable & Other Liabilities | 396,252 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 92,619,853 |
| Regular shares | 94,404,330 |
| All Other Shares & Deposits | 78,745,102 |
| TOTAL SHARES & DEPOSITS | 265,769,283 |
| TOTAL LIABILITIES | 320,415,535 |
| Regular Reserve | 0 |
| Other Reserves | 1,640,270 |
| Undivided Earnings | 13,243,690 |
| TOTAL EQUITY | 14,883,960 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 335,299,495 |
| INCOME & EXPENSE | |
| Loan Income | 12,817,446 |
| Investment Income | 1,458,865 |
| Other Income | 4,413,239 |
| Total Employee Compensation & Benefits | 7,008,448 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,361,412 |
| Non-operating Income & (Expense) | -27,868 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,053,142 |
| Cost of Funds | 4,744,794 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,810,847 |
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