Pocatello Simplot Credit Union
- Assets
- $34.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Pocatello, ID
- Founding
- Data as of
- 12/2021
- EIN
- 82-6006059
Organization Overview
Pocatello Simplot Credit Union is located in Pocatello, ID. As of 12/2021, Pocatello Simplot Credit Union employed 10 individuals. Pocatello Simplot 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, Pocatello Simplot Credit Union generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE FINANCIAL WELL BEING OF MEMBERS BY PROVIDING SERVICES AT COMPETITIVE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE FINANCIAL WELL BEING OF 2,032 MEMBERS BY PROVIDING LOAN AND SAVINGS SERVICES AT COMPETITIVE RATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Wellard President & CEO | Officer | 40 | $94,799 |
Jay Powell Chairman | OfficerTrustee | 4 | $0 |
Kristi Samuelson Secretary | OfficerTrustee | 2 | $0 |
Rick Phillips Board Member | Trustee | 2 | $0 |
Perry Boren Board Member | Trustee | 2 | $0 |
Fred Bailly Board Member | Trustee | 2 | $0 |
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 | $1,207,425 |
| Investment income | $143,058 |
| 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 | $1,350,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,220 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,197 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,603 |
| Pension plan accruals and contributions | $20,359 |
| Other employee benefits | $54,014 |
| Payroll taxes | $31,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,763 |
| Fees for services: Accounting | $26,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,912 |
| Office expenses | $51,992 |
| Information technology | $68,565 |
| Royalties | $0 |
| Occupancy | $30,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,435 |
| Insurance | $0 |
| All other expenses | $12,013 |
| Total functional expenses | $1,009,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,064 |
| Savings and temporary cash investments | $9,207,308 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,589,810 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,707 |
| Net Land, buildings, and equipment | $385,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351,618 |
| Total assets | $34,775,621 |
| Accounts payable and accrued expenses | $182,891 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,281,862 |
| Total liabilities | $27,464,753 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,310,868 |
| Total liabilities and net assets/fund balances | $34,775,621 |
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