Dec, 31, 2023 — POTLATCH NO 1 CREDIT UNION is a federally insured state chartered credit union headquartered in LEWISTON, ID with 29 branch locations and about $2.19 billion in total assets. Opened 86 years ago in 1938, POTLATCH NO 1 CREDIT UNION has about 127,211 members and employs 423 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POTLATCH NO 1 CREDIT UNION |
|---|---|
| Address: (Main Office) | 1025 WARNER AVE LEWISTON, ID 83501 |
| Phone: | (208) 746-8900 |
| Fax: | (208) 746-1269 |
| Website: | https://www.p1fcu.org |
| Branches: | 29 branch locations |
| Members: | 127,211 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68700 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,189,917,058 |
| CEO/Manager: | CHRIS LOSETH |
| Chairperson: | Tod Dickeson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 95,740,682 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 336,000 |
| Real Estate Loans | 707,546,249 |
| Unsecured Loans | 83,562,111 |
| Other Loans | 1,007,641,854 |
| TOTAL LOANS | 1,798,750,214 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,689,460 |
| Land And Building | 30,682,864 |
| Other Fixed Assets | 11,748,114 |
| NCUSIF Deposit | 16,784,435 |
| All Other Assets | 834,799 |
| TOTAL ASSETS | 2,189,917,058 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,740 |
| Notes & Interest Payable | 138,333,742 |
| Accounts Payable & Other Liabilities | 20,510,350 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 19,000,000 |
| Share Drafts | 406,265,840 |
| Regular shares | 477,428,566 |
| All Other Shares & Deposits | 998,525,646 |
| TOTAL SHARES & DEPOSITS | 1,882,220,051 |
| TOTAL LIABILITIES | 2,060,076,883 |
| Regular Reserve | 0 |
| Other Reserves | -25,947,107 |
| Undivided Earnings | 155,787,282 |
| TOTAL EQUITY | 129,840,175 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,189,917,058 |
| INCOME & EXPENSE | |
| Loan Income | 84,394,071 |
| Investment Income | 21,868,188 |
| Other Income | 9,586,123 |
| Total Employee Compensation & Benefits | 42,145,286 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,857,841 |
| Non-operating Income & (Expense) | 5,692,062 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,714,694 |
| Cost of Funds | 50,133,651 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,929,777 |
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