Dec, 31, 2023 — CONNECTIONS CREDIT UNION is a federally insured state chartered credit union headquartered in POCATELLO, ID with 11 branch locations and about $246.02 million in total assets. Opened 87 years ago in 1937, CONNECTIONS CREDIT UNION has about 19,740 members and employs 86 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CONNECTIONS CREDIT UNION |
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Address: (Main Office) | 1110 N 8th Ave POCATELLO, ID 83201 |
Phone: | (208) 233-5544 |
Fax: | |
Website: | https://www.connectidaho.org |
Branches: | 11 branch locations |
Members: | 19,740 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68257 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $246,018,216 |
CEO/Manager: | Brian Osberg |
Chairperson: | Roger Murphy |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,105,067 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 117,663,520 |
Unsecured Loans | 6,883,245 |
Other Loans | 75,681,147 |
TOTAL LOANS | 200,227,913 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -790,147 |
Land And Building | 15,042,290 |
Other Fixed Assets | 877,280 |
NCUSIF Deposit | 2,059,810 |
All Other Assets | 743,296 |
TOTAL ASSETS | 246,018,216 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 6,800,000 |
Accounts Payable & Other Liabilities | 2,098,496 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 47,336,863 |
Regular shares | 73,571,217 |
All Other Shares & Deposits | 97,622,548 |
TOTAL SHARES & DEPOSITS | 218,530,627 |
TOTAL LIABILITIES | 227,434,331 |
Regular Reserve | 0 |
Other Reserves | 5,584,315 |
Undivided Earnings | 12,999,570 |
TOTAL EQUITY | 18,583,885 |
TOTAL LIABILITIES, SHARES, & EQUITY | 246,018,216 |
INCOME & EXPENSE | |
Loan Income | 11,226,088 |
Investment Income | 417,305 |
Other Income | 1,758,315 |
Total Employee Compensation & Benefits | 5,921,825 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,427,745 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 878,331 |
Cost of Funds | 2,438,404 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,503,738 |
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