Totals
- Total revenue
- $739,145,782
- Total expenses
- $625,806,705
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $739,145,782
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $12,120,188,554
- Total liabilities, end of year
- $686,011,716
- Net assets or fund balances, end of year
- $11,434,176,838
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $625,806,705
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 $562,196,806 · related or exempt $562,196,806 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Other Member Income
total $86,249,474 · related or exempt $86,249,474 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Income from Member Fees and Charges
total $55,790,973 · related or exempt $55,790,973 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Investment Income
total $34,908,529 · related or exempt $34,908,529 · 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 $340,575,139
-
5 · Compensation of officers, directors and key employees
total $7,008,351
-
6 · Compensation of disqualified persons
total $119,854,852
-
8 · Pension plan contributions
total $5,371,013
-
9 · Other employee benefits
total $27,795,268
-
10 · Payroll taxes
total $9,673,371
-
11b · Fees: legal
total $214,832
-
11c · Fees: accounting
total $1,249,000
-
11g · Fees: other
total $1,729,079
-
12 · Advertising and promotion
total $24,269,467
-
13 · Office expenses
total $12,105,945
-
14 · Information technology
total $27,443,024
-
16 · Occupancy
total $8,826,864
-
17 · Travel
total $5,475,102
-
19 · Conferences, conventions and meetings
total $1,540,716
-
20 · Interest
total $18,663,433
-
22 · Depreciation, depletion and amortization
total $13,107,846
-
23 · Insurance
total $720,350
-
24a · Other expenses: Miscellaneous Expenses
total $183,053
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $61,467,843 · end of year $86,121,786
-
2 · Savings and temporary cash investments
beginning of year $608,019,149 · end of year $615,816,420
-
4 · Accounts receivable
beginning of year $9,614,945 · end of year $9,873,551
-
7 · Other notes and loans receivable
beginning of year $9,463,167,744 · end of year $10,444,952,649
-
9 · Prepaid expenses and deferred charges
beginning of year $56,379,611 · end of year $76,551,787
-
10a · Land, buildings and equipment: cost or other basis
$494,981,417
-
10b · Land, buildings and equipment: accumulated depreciation
$52,244,614
-
10c · Land, buildings and equipment, net
beginning of year $397,596,514 · end of year $442,736,803
-
13 · Investments: program-related
beginning of year $140,551,107 · end of year $171,209,099
-
15 · Other assets
beginning of year $263,010,488 · end of year $272,926,459
-
17 · Accounts payable and accrued expenses
beginning of year $179,088,403 · end of year $172,599,211
-
23 · Secured mortgages and notes payable
beginning of year $171,438,791 · end of year $463,877,219
-
25 · Other liabilities
beginning of year $45,747,332 · end of year $49,535,286
-
29 · Capital stock, trust principal or current funds
beginning of year $9,773,880,982 · end of year $10,481,587,360
-
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 $829,651,893 · end of year $952,589,478
Mission and programs · 2024
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 671,689 members through 59 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 276,868 of our members. Total loans outstanding at the end of the year were $10,511,463,089. All 671,689 of our members participate in our deposit products. During the year we spent $280,705,934 in interest expense to have funds available to lend to members.
Expenses $625,806,705 · Revenue $739,145,780
As filed on the 2024 return.
Listed in Part VII
-
Brenda Worrell
Chief Executive Officer
- Total calculated
- $2,289,102
- From this org
- $2,095,015
- From related orgs
- $0
- Other
- $194,087
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $1,378,803
- Bonus
- $704,834
- Other
- $11,378
- Deferred
- $136,302
- Nontaxable benefits
- $57,785
- Filer's total
- $2,289,102
-
Brian Berrett
Chief Financial Officer
- Total calculated
- $920,217
- From this org
- $694,832
- From related orgs
- $0
- Other
- $225,385
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $573,264
- Bonus
- $108,685
- Other
- $12,882
- Deferred
- $185,774
- Nontaxable benefits
- $39,611
- Filer's total
- $920,216
-
Mark Willden
Chief Information Officer
- Total calculated
- $893,175
- From this org
- $675,262
- From related orgs
- $0
- Other
- $217,913
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $554,158
- Bonus
- $105,568
- Other
- $15,535
- Deferred
- $185,085
- Nontaxable benefits
- $32,828
- Filer's total
- $893,174
-
Kent Oram
Former Chief Executive Officer
- Total calculated
- $855,043
- From this org
- $837,338
- From related orgs
- $0
- Other
- $17,705
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $330,054
- Bonus
- $0
- Other
- $507,284
- Deferred
- $0
- Nontaxable benefits
- $17,705
- Filer's total
- $855,043
-
Michael Watson
Chief Marketing Officer
- Total calculated
- $828,975
- From this org
- $669,280
- From related orgs
- $0
- Other
- $159,695
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $445,371
- Bonus
- $214,541
- Other
- $9,368
- Deferred
- $137,508
- Nontaxable benefits
- $34,327
- Filer's total
- $841,115
-
Corey Dahle
Chief Experience Officer
- Total calculated
- $744,616
- From this org
- $699,451
- From related orgs
- $0
- Other
- $45,165
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $578,795
- Bonus
- $109,790
- Other
- $10,866
- Deferred
- $8,573
- Nontaxable benefits
- $36,592
- Filer's total
- $744,616
-
Edward Tierney
Chief Lending Officer
- Total calculated
- $665,415
- From this org
- $624,507
- From related orgs
- $0
- Other
- $40,908
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $539,953
- Bonus
- $76,655
- Other
- $7,899
- Deferred
- $9,464
- Nontaxable benefits
- $31,444
- Filer's total
- $665,415
-
Dave Rusk
Mortgage Loan Officer
- Total calculated
- $664,620
- From this org
- $654,297
- From related orgs
- $0
- Other
- $10,323
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $654,205
- Other
- $92
- Deferred
- $8,298
- Nontaxable benefits
- $10,323
- Filer's total
- $672,918
-
Jared Olson
Mortgage Loan Officer
- Total calculated
- $643,861
- From this org
- $633,567
- From related orgs
- $0
- Other
- $10,294
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $633,553
- Other
- $15
- Deferred
- $8,191
- Nontaxable benefits
- $10,294
- Filer's total
- $652,053
-
Aric Alcantara
Mortgage Loan Officer
- Total calculated
- $553,464
- From this org
- $543,120
- From related orgs
- $0
- Other
- $10,344
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $543,113
- Other
- $6
- Deferred
- $8,330
- Nontaxable benefits
- $10,344
- Filer's total
- $561,793
-
Christopher Helbling
Mortgage Loan Officer
- Total calculated
- $490,380
- From this org
- $480,073
- From related orgs
- $0
- Other
- $10,307
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $480,065
- Other
- $7
- Deferred
- $8,191
- Nontaxable benefits
- $10,307
- Filer's total
- $498,570
-
Sean Palmer
Mortgage Loan Officer
- Total calculated
- $454,692
- From this org
- $443,374
- From related orgs
- $0
- Other
- $11,318
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $443,168
- Other
- $206
- Deferred
- $8,457
- Nontaxable benefits
- $11,318
- Filer's total
- $463,149
-
Debbie Brady
Chairman
- 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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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 club 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 sufficient values, the participant can borrow from the policy. At death, the organization recovers its premiums plus interest plus additional key-person insurance proceeds.
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
- 2024
- Filed
- 9 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202541299349303044
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