Potlatch No 1 Federal Credit Union

Organization Overview

Potlatch No 1 Federal Credit Union is located in Lewiston, ID. The organization was established in 2019. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Potlatch No 1 Federal Credit Union employed 505 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potlatch No 1 Federal Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Potlatch No 1 Federal Credit Union generated $87.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $72.4m during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Potlatch No 1 Federal Credit Union has awarded 31 individual grants totaling $753,074. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE PLEDGE TO SERVE EVERY MEMBER WITH THE HIGHEST LEVELS OF SINCERITY, FAIRNESS, COURTESY, RESPECT, AND GRATITUDE, DELIVERED WITH UNPARALLELED RESPONSIVENESS, EXPERTISE, EFFICIENCY AND ACCURACY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FINANCIAL SERVICES TO 113,022 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, CONSUMER AUTO LENDING, CONSUMER MORTGAGE LENDING, COMMERCIAL LENDING, DEPOSIT ACCOUNTS, SAVINGS, CHECKING, MONEY MARKETS AND CD'S.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cook Security Group
Atm/itm/branch Security
$1,627,339
Q2 Software Inc
Online Banking Provider
$989,037
Jack Henry & Associates Inc
Core Processor
$2,655,230
Velocity Solutions Llc
Outside Services
$916,111
Kenaston Corp
Construction Labor
$861,222
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$87,218,086
Investment income $274,844
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$70,331
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $87,422,599

Grants Awarded

Over the last fiscal year, Potlatch No 1 Federal Credit Union has awarded $368,205 in support to 17 organizations.

Grant RecipientAmount

BOYS AND GIRLS CLUB OF LEWISTON

Org PageRecipient Profile

Lewiston, ID

PURPOSE: UNRESTRICTED

$103,500

NORTHWEST CREDIT UNION FOUNDATION

Org PageRecipient Profile

Seatac, WA

PURPOSE: UNRESTRICTED

$51,075

INDEPENDENT SCHOOL DISTRICT #1

PURPOSE: UNRESTRICTED

$47,500

LEWIS-CLARK STATE COLLEGE (LCSC ATHLETIC DEPARTMENT)

Org PageRecipient Profile

Lewiston, ID

PURPOSE: UNRESTRICTED

$29,930

TWIN COUNTY UNITED WAY

Org PageRecipient Profile

Lewiston, ID

PURPOSE: UNRESTRICTED

$25,500

TRI-STATE HOSPITAL FOUNDATION

Org PageRecipient Profile

Clarkston, WA

PURPOSE: UNRESTRICTED

$18,083
View Grant Profile

Peer Organizations

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