Dec, 31, 2023 — IDAHO UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in MERIDIAN, ID with 2 branch locations and about $64.59 million in total assets. Opened 46 years ago in 1978, IDAHO UNITED CREDIT UNION has about 5,675 members and employs 14 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 UNITED CREDIT UNION |
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Address: (Main Office) | 3103 E St Lukes St MERIDIAN, ID 83642 |
Phone: | (208) 388-2138 |
Fax: | (208) 388-6930 |
Website: | https://www.idahounited.org |
Branches: | 2 branch locations |
Members: | 5,675 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68361 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $64,593,935 |
CEO/Manager: | Nick McGhee |
Chairperson: | Richard L Hahn |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,569,603 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,294,520 |
Unsecured Loans | 1,903,891 |
Other Loans | 25,163,850 |
TOTAL LOANS | 54,529,960 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,338 |
Land And Building | 783,645 |
Other Fixed Assets | 204,056 |
NCUSIF Deposit | 475,391 |
All Other Assets | 0 |
TOTAL ASSETS | 64,593,935 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 137,310 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 767,279 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,708,157 |
Regular shares | 25,128,998 |
All Other Shares & Deposits | 20,627,211 |
TOTAL SHARES & DEPOSITS | 58,464,367 |
TOTAL LIABILITIES | 59,368,956 |
Regular Reserve | 0 |
Other Reserves | 1,060,130 |
Undivided Earnings | 4,164,849 |
TOTAL EQUITY | 5,224,979 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,593,935 |
INCOME & EXPENSE | |
Loan Income | 2,843,450 |
Investment Income | 263,023 |
Other Income | 311,983 |
Total Employee Compensation & Benefits | 1,090,706 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 760,644 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,000 |
Cost of Funds | 723,331 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 750,775 |
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» See also Statement of Financial Condition