Skip to content
Nonprofiteer
← IDAHO CENTRAL CREDIT UNION

Form 990 for tax year 2025

Filed by IDAHO CENTRAL CREDIT UNION.

Totals

Total revenue
$866,451,980
Total expenses
$722,002,548
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$866,451,980
Investment income
$0
Other revenue
$0
Total assets, end of year
$14,759,060,354
Total liabilities, end of year
$944,431,100
Net assets or fund balances, end of year
$13,814,629,254
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$722,002,548

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Interest on Loans to Members

    total $681,742,809 · related or exempt $681,742,809 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Other Member Income

    total $82,719,494 · related or exempt $82,719,494 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Income from Member Fees and Charges

    total $62,928,977 · related or exempt $62,928,977 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Investment Income

    total $39,060,700 · related or exempt $39,060,700 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $396,782,185

  • 5 · Compensation of officers, directors and key employees

    total $7,743,012

  • 6 · Compensation of disqualified persons

    total $144,907,903

  • 8 · Pension plan contributions

    total $2,054,616

  • 9 · Other employee benefits

    total $31,402,906

  • 10 · Payroll taxes

    total $11,519,873

  • 11b · Fees: legal

    total $424,563

  • 11c · Fees: accounting

    total $1,412,000

  • 11g · Fees: other

    total $2,142,580

  • 12 · Advertising and promotion

    total $32,590,211

  • 13 · Office expenses

    total $13,403,180

  • 14 · Information technology

    total $31,429,171

  • 16 · Occupancy

    total $9,682,072

  • 17 · Travel

    total $5,421,742

  • 19 · Conferences, conventions and meetings

    total $1,951,038

  • 20 · Interest

    total $13,999,820

  • 22 · Depreciation, depletion and amortization

    total $14,092,010

  • 23 · Insurance

    total $893,892

  • 24a · Other expenses: Miscellaneous Expenses

    total $149,774

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,121,786 · end of year $96,839,375

  • 2 · Savings and temporary cash investments

    beginning of year $615,816,420 · end of year $848,663,124

  • 4 · Accounts receivable

    beginning of year $9,873,551 · end of year $11,615,283

  • 7 · Other notes and loans receivable

    beginning of year $10,444,952,649 · end of year $12,705,238,529

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,551,787 · end of year $94,652,835

  • 10a · Land, buildings and equipment: cost or other basis

    $555,960,518

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,723,505

  • 10c · Land, buildings and equipment, net

    beginning of year $442,736,803 · end of year $490,237,013

  • 13 · Investments: program-related

    beginning of year $171,209,099 · end of year $197,344,278

  • 15 · Other assets

    beginning of year $272,926,459 · end of year $314,469,917

  • 17 · Accounts payable and accrued expenses

    beginning of year $172,599,211 · end of year $180,785,298

  • 23 · Secured mortgages and notes payable

    beginning of year $463,877,219 · end of year $703,676,758

  • 25 · Other liabilities

    beginning of year $49,535,286 · end of year $59,969,044

  • 29 · Capital stock, trust principal or current funds

    beginning of year $10,481,587,360 · end of year $12,709,200,764

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $952,589,478 · end of year $1,105,428,490

Mission and programs · 2025

Mission

Credit Union providing financial services to members.

Activities or mission (Part I)

Credit Union providing financial products and services to members.

  • Idaho Central serves 769,306 members through 63 locations. We provide a full range of financial products and services to our members. We pool member funds and loan them to members. All expenses are either related to having funds available to lend or operating costs. We provided loans to 326,277 of our members. Total loans outstanding at the end of the year were $12,784,069,590. All 769,306 of our members participate in our deposit products. During the year we spent $315,665,988 in interest expense to have funds available to lend to members.

    Expenses $722,002,548 · Revenue $866,451,980

As filed on the 2025 return.

Listed in Part VII

  • Brenda Worrell

    Chief Executive Officer

    Total calculated
    $2,576,911
    From this org
    $2,469,323
    From related orgs
    $0
    Other
    $107,588
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,563,444
    Bonus
    $893,663
    Other
    $12,216
    Deferred
    $32,334
    Nontaxable benefits
    $75,254
    Filer's total
    $2,576,911

  • Mark Willden

    Chief Information Officer

    Total calculated
    $1,226,670
    From this org
    $994,995
    From related orgs
    $0
    Other
    $231,675
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $600,177
    Bonus
    $381,572
    Other
    $13,246
    Deferred
    $195,278
    Nontaxable benefits
    $36,397
    Filer's total
    $1,226,670

  • Edward Tierney

    Chief Lending Officer

    Total calculated
    $1,062,180
    From this org
    $1,018,215
    From related orgs
    $0
    Other
    $43,965
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $585,492
    Bonus
    $424,824
    Other
    $7,899
    Deferred
    $9,629
    Nontaxable benefits
    $34,336
    Filer's total
    $1,062,180

  • Brian Berrett

    Chief Financial Officer

    Total calculated
    $1,005,045
    From this org
    $919,338
    From related orgs
    $0
    Other
    $85,707
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $750,418
    Bonus
    $154,412
    Other
    $14,508
    Deferred
    $41,908
    Nontaxable benefits
    $43,799
    Filer's total
    $1,005,045

  • George Babilon

    Former Executive

    Total calculated
    $951,518
    From this org
    $941,282
    From related orgs
    $0
    Other
    $10,236
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $159,314
    Bonus
    $780,529
    Other
    $1,439
    Deferred
    $0
    Nontaxable benefits
    $10,236
    Filer's total
    $951,518

  • Aric Alcantara

    Mortgage Loan Officer

    Total calculated
    $895,661
    From this org
    $884,774
    From related orgs
    $0
    Other
    $10,887
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $884,747
    Other
    $27
    Deferred
    $0
    Nontaxable benefits
    $10,887
    Filer's total
    $895,661

  • Dave Rusk

    Mortgage Loan Officer

    Total calculated
    $870,056
    From this org
    $859,114
    From related orgs
    $0
    Other
    $10,942
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $858,824
    Other
    $290
    Deferred
    $0
    Nontaxable benefits
    $10,942
    Filer's total
    $870,056

  • Jared Olson

    Mortgage Loan Officer

    Total calculated
    $835,314
    From this org
    $824,428
    From related orgs
    $0
    Other
    $10,886
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $824,403
    Other
    $25
    Deferred
    $0
    Nontaxable benefits
    $10,886
    Filer's total
    $835,314

  • Corey Dahle

    Chief Experience Officer

    Total calculated
    $832,825
    From this org
    $784,069
    From related orgs
    $0
    Other
    $48,756
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $635,703
    Bonus
    $137,500
    Other
    $13,246
    Deferred
    $195,278
    Nontaxable benefits
    $40,185
    Filer's total
    $1,021,912

  • Michael Watson

    Chief Marketing Officer

    Total calculated
    $692,026
    From this org
    $621,902
    From related orgs
    $0
    Other
    $70,124
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $496,035
    Bonus
    $116,500
    Other
    $9,367
    Deferred
    $28,978
    Nontaxable benefits
    $41,146
    Filer's total
    $692,026

  • Christopher Helbling

    Mortgage Loan Officer

    Total calculated
    $629,591
    From this org
    $619,642
    From related orgs
    $0
    Other
    $9,949
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $619,626
    Other
    $16
    Deferred
    $0
    Nontaxable benefits
    $9,949
    Filer's total
    $629,591

  • Brandi Dye

    Deputy Chief Information Officer

    Total calculated
    $566,846
    From this org
    $536,551
    From related orgs
    $0
    Other
    $30,295
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $427,622
    Bonus
    $100,000
    Other
    $8,929
    Deferred
    $8,421
    Nontaxable benefits
    $21,874
    Filer's total
    $566,846

  • Debbie Brady

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Russ McCoy

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Troy Neu

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Jonathon Hunt

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Judy Harveston

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Cindy Watson

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Jace Katseanes

    Board Member

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Idaho Central provides certain key employees first class air, travel for companions, and health or social dues.
Schedule J, Part I, Line 4
Idaho Central deposited funds into a life insurance policy on the participants' life, and subject to the policy generating values, the participant can borrow from the policy. At death, the organization recovers its premiums plus interest plus additional key person insurance proceeds. The organization adopted a split dollar insurance arrangement in 2025 covering the Chief Technology officer and the Chief Information Security Officer. ICCU merged a smaller credit union in 2025. Under a severance agreement, the CEO of the credit union merging into ICCU received a retention bonus to stay on until the merger completed, the remainder of the four years salary he had left, and funds to cover COBRA. The total of these was $780,529.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
30 April 2026
IRS schema version
2025v4.0
Source object
202601209349301785

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.