Dec, 31, 2023 — SNAKE RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in TWIN FALLS, ID with 1 branch location and about $11.35 million in total assets. Opened 71 years ago in 1953, SNAKE RIVER FEDERAL CREDIT UNION has about 1,300 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SNAKE RIVER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2361 Orchard Dr E TWIN FALLS, ID 83301-7987 |
| Phone: | (208) 734-8671 |
| Fax: | (208) 735-1057 |
| Website: | https://snakeriverfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,300 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8749 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,346,206 |
| CEO/Manager: | Tracey A ODonnell |
| Chairperson: | Jill A Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,264,504 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,864,903 |
| Other Loans | 7,815,021 |
| TOTAL LOANS | 9,679,924 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,846 |
| Land And Building | 229,636 |
| Other Fixed Assets | 107,452 |
| NCUSIF Deposit | 100,268 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,346,206 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 99,534 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,354 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,597,617 |
| Regular shares | 4,047,642 |
| All Other Shares & Deposits | 3,904,286 |
| TOTAL SHARES & DEPOSITS | 9,549,545 |
| TOTAL LIABILITIES | 9,653,433 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,692,773 |
| TOTAL EQUITY | 1,692,773 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,346,206 |
| INCOME & EXPENSE | |
| Loan Income | 540,601 |
| Investment Income | 24,709 |
| Other Income | 168,507 |
| Total Employee Compensation & Benefits | 199,327 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 287,531 |
| Non-operating Income & (Expense) | 2,292 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,564 |
| Cost of Funds | 108,770 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 90,917 |
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