Dec, 31, 2023 — POCATELLO SIMPLOT CREDIT UNION is a federally insured state chartered credit union headquartered in POCATELLO, ID with 2 branch locations and about $54.93 million in total assets. Opened 69 years ago in 1955, POCATELLO SIMPLOT CREDIT UNION has about 6,037 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POCATELLO SIMPLOT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1880 Garrett Way POCATELLO, ID 83201-5113 |
| Phone: | (208) 234-5360 |
| Fax: | (208) 235-5649 |
| Website: | https://www.simplotcu.com |
| Branches: | 2 branch locations |
| Members: | 6,037 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63405 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,927,074 |
| CEO/Manager: | Amy Wellard |
| Chairperson: | Rick Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,304,229 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,202,488 |
| Unsecured Loans | 2,608,313 |
| Other Loans | 27,249,103 |
| TOTAL LOANS | 40,059,904 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -168,149 |
| Land And Building | 1,187,282 |
| Other Fixed Assets | 87,606 |
| NCUSIF Deposit | 469,560 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,927,074 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 41,903 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 246,801 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,177,974 |
| Regular shares | 28,078,394 |
| All Other Shares & Deposits | 11,579,112 |
| TOTAL SHARES & DEPOSITS | 43,835,479 |
| TOTAL LIABILITIES | 44,124,183 |
| Regular Reserve | 0 |
| Other Reserves | 1,605,166 |
| Undivided Earnings | 9,197,725 |
| TOTAL EQUITY | 10,802,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,927,074 |
| INCOME & EXPENSE | |
| Loan Income | 2,250,564 |
| Investment Income | 407,502 |
| Other Income | 80,435 |
| Total Employee Compensation & Benefits | 861,547 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,312,900 |
| Non-operating Income & (Expense) | -544,309 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 101,146 |
| Cost of Funds | 294,669 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -262,059 |
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