Dec, 31, 2023 — EAST IDAHO CREDIT UNION is a federally insured state chartered credit union headquartered in IDAHO FALLS, ID with 13 branch locations and about $670.37 million in total assets. Opened 89 years ago in 1935, EAST IDAHO CREDIT UNION has about 48,935 members and employs 179 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EAST IDAHO CREDIT UNION |
|---|---|
| Address: (Main Office) | 865 S Woodruff Ave IDAHO FALLS, ID 83401-5296 |
| Phone: | (208) 523-9068 |
| Fax: | (208) 523-4755 |
| Website: | https://frontiercreditunion.com |
| Branches: | 13 branch locations |
| Members: | 48,935 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68376 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $670,374,741 |
| CEO/Manager: | Daniel Thurman |
| Chairperson: | Nathan Downey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,142,564 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 144,386,320 |
| Unsecured Loans | 25,296,409 |
| Other Loans | 365,587,013 |
| TOTAL LOANS | 535,269,741 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,102,749 |
| Land And Building | 26,980,185 |
| Other Fixed Assets | 2,813,902 |
| NCUSIF Deposit | 5,235,064 |
| All Other Assets | 542,744 |
| TOTAL ASSETS | 670,374,741 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 826,933 |
| Notes & Interest Payable | 49,971,697 |
| Accounts Payable & Other Liabilities | 9,623,676 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,000,000 |
| Share Drafts | 113,056,442 |
| Regular shares | 69,046,209 |
| All Other Shares & Deposits | 368,098,926 |
| TOTAL SHARES & DEPOSITS | 550,201,575 |
| TOTAL LIABILITIES | 620,623,881 |
| Regular Reserve | 0 |
| Other Reserves | 1,987,661 |
| Undivided Earnings | 47,763,199 |
| TOTAL EQUITY | 49,750,860 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 670,374,741 |
| INCOME & EXPENSE | |
| Loan Income | 28,763,505 |
| Investment Income | 1,596,048 |
| Other Income | 4,572,837 |
| Total Employee Compensation & Benefits | 14,097,337 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,144,085 |
| Non-operating Income & (Expense) | 1,349 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000,000 |
| Cost of Funds | 7,096,703 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,031,982 |
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