Civic Intelligence

Icon Credit Union

990 • Fiscal year 2015 • EIN 82-0209467

Jan 01, 2015 to Dec 31, 2015 • Filed on May 12, 2016

7615 W Riverside DrBoise, ID 83714

(208) 344-7948

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.87x

Higher debt load relative to assets than 25% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

24th percentile

15.49x

Higher debt load relative to revenue than 24% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Net Margin

42nd percentile

12%

Higher net margin than 42% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$574,554

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Asset Growth

84th percentile

11%

Faster asset growth than 84% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

42nd percentile

4.4%

Faster revenue growth than 42% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Assets

Up

$253,279,873

Up $25,926,127 (+11%) from 2014

Net Assets

Up

$32,197,400

Up $1,386,150 (+4.5%) from 2014

Liabilities

Up

$221,082,473

Up $24,539,977 (+12%) from 2014

Revenue

Up

$14,272,477

Up $598,135 (+4.4%) from 2014

Expenses

Up

$12,537,494

Up $1,418,372 (+13%) from 2014

Net Income

Down

$1,734,983

Down $820,237 (-32%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $137,032,143Liabilities 2010: $121,977,654Net Assets 2010: $15,054,4892010Assets 2011: $143,784,383Liabilities 2011: $127,238,491Net Assets 2011: $16,545,8912011Assets 2012: $164,121,955Liabilities 2012: $145,551,315Net Assets 2012: $18,570,6402012Assets 2013: $163,399,125Liabilities 2013: $142,686,924Net Assets 2013: $20,712,2012013Assets 2014: $227,353,746Liabilities 2014: $196,542,496Net Assets 2014: $30,811,2502014Assets 2015: $253,279,873Liabilities 2015: $221,082,473Net Assets 2015: $32,197,4002015Assets 2016: $269,238,980Liabilities 2016: $235,991,419Net Assets 2016: $33,247,5612016Assets 2017: $278,088,409Liabilities 2017: $242,879,192Net Assets 2017: $35,209,2172017Assets 2018: $292,779,298Liabilities 2018: $255,548,256Net Assets 2018: $37,231,0422018Assets 2019: $342,084,186Liabilities 2019: $301,101,464Net Assets 2019: $40,982,7222019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$253,279,873
Liabilities$221,082,473
Net Assets$32,197,400

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Expenses 2010: $7,546,0942010Expenses 2011: $32,488,4022011Expenses 2012: $9,332,4032012Revenue 2013: $12,188,447Expenses 2013: $9,911,969Net Income 2013: $2,276,4782013Revenue 2014: $13,674,342Expenses 2014: $11,119,122Net Income 2014: $2,555,2202014Revenue 2015: $14,272,477Expenses 2015: $12,537,494Net Income 2015: $1,734,9832015Revenue 2016: $14,654,189Expenses 2016: $13,355,343Net Income 2016: $1,298,8462016Revenue 2017: $14,335,199Expenses 2017: $12,471,984Net Income 2017: $1,863,2152017Revenue 2018: $15,427,831Expenses 2018: $13,406,006Net Income 2018: $2,021,8252018Revenue 2019: $18,713,785Expenses 2019: $15,360,116Net Income 2019: $3,353,6692019Revenue 2020: $12,093,387Expenses 2020: $10,891,055Net Income 2020: $1,202,3322020

Highlighted filing

2015

Revenue$14,272,477
Expenses$12,537,494
Net Income$1,734,983
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 12, 2016
Return Version
2015v2.1
Gross Receipts
$14,272,477
Mission and Program Overview

Mission

Promoting the financial well-being of 24,000 members by providing loan and savings services at competitive rates.

Promoting the financial wellbeing of 24000 members by providing loan and savings services at competetive rates

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$181,328,490$207,273,713▲ $25,945,223
Rtn Earn Endowment Incm Other Fnds$30,811,250$32,197,400▲ $1,386,150
Investments Program Related$27,634,755$26,403,450▼ $1,231,305
Land, Buildings, and Equipment, Net$7,734,078$7,398,649▼ $335,429
Prepaid Expenses and Deferred Charges$2,273,179$2,849,489▲ $576,310
Cash and Non-Interest-Bearing Accounts$-548,703$474,467▲ $1,023,170
Accounts Receivable$331,627$302,482▼ $29,145
Total Assets$227,353,746$253,279,873▲ $25,926,127
Other Assets Total$8,600,320$8,577,623▼ $22,697
Liabilities
Other Liabilities$190,729,593$218,898,583▲ $28,168,990
Accounts Payable and Accrued Expenses$5,812,903$2,183,890▼ $3,629,013
Total Liabilities$196,542,496$221,082,473▲ $24,539,977
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,811,250$32,197,400▲ $1,386,150
Total Liabilities and Net Assets / Fund Balance$227,353,746$253,279,873▲ $25,926,127

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5--
Buildings$5,056,921$2,741,304-
Land$1,878,242--
Equipment$453,670$1,697,980-
Leasehold Improvements$9,816$37,678-
Other Assets Org$759,695--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Patricia MarlerBoard Chairperson$273,693$300,861$574,554
Richard W JacksonTreasurer$20,183$5,828$200,227
Will WardwellSecretary$110,756$93,292$141,980
Theron HaddonMembership Officer$24,000$7,935$117,292
Gary BradshawMember$103,210$5,881$111,145
Ben ZamzowMember$100,596-$106,477
Glenda FullerVice Chair$66,430$205,440$66,430

Board Members and Trustees

NameTitle
Connie MillerPresidentCEO
Paul GephartCFO 115715
Robert KingChief Information Off
John CotnerChief Lending Officer
Michelle WallChief Operating Off
Joca VelozMember
Chris AcreeMortgage Loan Officer
Mike MunsonMortgage Loan Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,813,965
Investment Income
$458,512
Other Revenue
$0
Change in Net Assets
$1,734,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,213,347
Salaries, Compensation, and Employee Benefits$5,319,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,604,527
Office Expenses---$1,484,650
Interest---$1,260,509
Current Officers, Directors, Trustees, and Key Employees---$946,803
Occupancy---$363,222
Other Employee Benefits---$357,144
Payroll Taxes---$302,909
Fees for Services Other---$279,555
Depreciation Depletion---$229,457
Advertising---$165,873
Pension Plan Contributions---$108,505
Travel---$62,290
Insurance---$43,214
Other Expenses---$38,836
Conferences and Meetings---$23,036
All Other Expenses---$13,517
Fees for Services Accounting---$9,500
Benefits to Members---$4,259
Fees for Services Legal---$3,712
Total Functional Expenses$0$0$0$12,537,494
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$218,744,491
Pension Liability$164,420
Unapplied DP Exceptions$-10,328
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 6

The credit union is comprised of members

Part VI Line 7A

Each member has one vote

Part VI Line 12C

This policy is provided to staff and board on a regular basis. Icon has

Part VI Line 12C

an internal auditor that reviews activity for conflicts.

Part VI Line 15A or B

Compensation is determined using salary surveys for credit unions of

Part VI Line 15A or B

similar size and type in our region. This is done annually.

Part VI Line 19

The documents are available the credit union admin offices located at: 7615

Part VI Line 19

W Riverside Dr, Boise, ID 83714 during normal business hours.

Part VI, Section B, 11A & B

The full Form 990 is approved by the entire Board of Directors, excluding

Part VI, Section B, 11A & B

the completion of columns in Part VII, page 7 and Schedule J. The form 990

Part VI, Section B, 11A & B

is then submitted in its entirety to the Executive Committee, which also

Part VI, Section B, 11A & B

serves as the Personnel and Compensation Committee (i.e. Personnel

Part VI, Section B, 11A & B

Committee) of the Board. The role of the Executive committee of the board

Part VI, Section B, 11A & B

of Icon Credit Union is as follows: The board grants certain decision

Part VI, Section B, 11A & B

making authority to the Executive Committee, some of which is outlined

Part VI, Section B, 11A & B

below that pertains to this section.

Part VI, Section B, 11A & B

For a variety of legitimate business reasons, executive compensation

Part VI, Section B, 11A & B

matters have been delegated to and are addressed by Icon's Personnel

Part VI, Section B, 11A & B

Committee, which at the relevant time of this Form 990 return filing,

Part VI, Section B, 11A & B

consisted of the Board Chair, Vice-Chair, and Treasurer, and the CEO as a

Part VI, Section B, 11A & B

non-voting member. A critical reason for this delegation is that matters of

Part VI, Section B, 11A & B

executive compensation are confidential in nature. Members of Icon's

Part VI, Section B, 11A & B

executive management team may have different compensation plans and

Part VI, Section B, 11A & B

as a result, they generally are not privy to the compensation provided to

Part VI, Section B, 11A & B

other executives. Also, all members of the executive management team attend

Part VI, Section B, 11A & B

board meetings and receive entire board packets. Accordingly, the Board has

Part VI, Section B, 11A & B

concluded that it is not prudent to have executive compensation and

Part VI, Section B, 11A & B

benefits for executives and highly compensated individuals discussed at

Part VI, Section B, 11A & B

full Board meetings. Instead, executive benefits are determined and

Part VI, Section B, 11A & B

regularly reviewed by the Board's Personnel Committee. Icon's executive

Part VI, Section B, 11A & B

benefit plans are audited annually by credit union regulators and by

Part VI, Section B, 11A & B

independent CPA auditors.

Filing and Contact Details

Filer

Filer Name
Icon Credit Union
EIN
82-0209467
In Care Of
% Connie Miller
Phone
2083447948
Address
7615 W Riverside Dr, Boise, ID 83714

Signing Officer

Name
Connie Miller
Title
PresidentCEO
Phone
2083447948
Signed
2016-05-12

Organization Details

Principal Officer
Connie J Miller
Formed
1952
Legal Domicile
Id
Voting Board Members
9
Independent Board Members
9
Employees
148
Volunteers
12
Supplemental Narrative

Additional Explanations

Part IX Line 11G

Employee screening Total expenses - $6196.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Security audit Total expenses - $997.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Software Maintenance Total expenses - $111934.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Consulting Total expenses - $16645.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Web design/hosting Total expenses - $1241.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Home Banking Services Total expenses - $83671.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

IRA Admin Total expenses - $2307.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Planning Session Total expenses - $10803.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Temp agencies Total expenses - $29842.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Disaster planning Total expenses - $15919.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Gain/Loss-Asset Disposal Total expenses - $12352.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Teller over/short Total expenses - $575.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Annual Meeting Total expenses - $590.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part XI, Line 9

The other changes in net assets or fund balances were as follows:

Part XI, Line 9

Our defined benefit plan fund unrealized gain/loss changed from $808,264 in

Part XI, Line 9

2014 to $1,157,097 in 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Chief Lending Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Mortgage Loan Officer
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IRS990/ProgSrvcAccomActy2Grp/Desc0Deposit Services: We provide a variety of different deposit services such as savings, checking, certificates of deposit, money market account, business accounts, and IRA's. We service 24,065 members with savings account needs. Our savings account balances are $218,744,491.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICIA MARLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GLENDA FULLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2RICHARD W JACKSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3WILL WARDWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4THERON HADDON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5GARY BRADSHAW

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