connections credit union

Organization Overview

connections credit union is located in pocatello, ID. As of 12/2021, connections credit union employed 104 individuals. connections 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, connections credit union generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $9.1m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING THE WELL BEING OF OVER 20000 MEMBERS BY PROVIDING LOANS AND DEPOSITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIVIDENDS ON MEMBER DEPOSITS


SALARIES AND BENEFITS


OFFICE EXPENSES


OTHER EXPENSES


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Board, Officers & Key Employees

Name (title)Compensation
Michael Torres
Mortgage Consultant
$226,158
Brian Osberg
President/ceo
$152,756
Brian Singleton
Investment Advisor
$145,547
Tami Lewis
Mortgage Underwriter
$121,333
Shannon Lord
COO
$107,327
Stephanie Tocher
VP Lending
$106,251

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$10,042,602
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $10,042,602

Grants Recieved

Over the last fiscal year, we have identified 2 grants that connections credit union has recieved totaling $78,753.

Awarding OrganizationAmount
Northwest Credit Union Foundation

Seatac, WA

PURPOSE: RURAL ACCESS PLANNING GRANT

$57,000
Northwest Credit Union Foundation

Seatac, WA

PURPOSE: EMERGENCY LOAN/WORKER RELIEF PROGRAM

$21,753
View Grant Recipient Profile

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