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Overview / Commentary
1880 Garrett Way
Pocatello, ID 83201

Pocatello Simplot Credit Union is headquartered in Pocatello and is the 24th largest credit union in the state of Idaho. It is also the 2,895th largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 7 employees and 2,246 members. Pocatello Simplot Credit Union's savings rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be a Simplot employee. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Pocatello Simplot Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Pocatello Simplot Credit Union had $97,000 in non-current loans and owned real-estate with $5.72 million in equity and loan loss allowances on hand to cover it. This gives Pocatello Simplot Credit Union a Texas Ratio of 1.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Pocatello Simplot Credit Union decreased dramatically from 2.76% as of March 31, 2013 to 1.69% as of March 31, 2014, resulting in a positive change of 38.59%.This indicates that the balance sheet and financial strength for Pocatello Simplot Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Pocatello Simplot Credit Union has decreased its total deposits by $-799,000, resulting in -3.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pocatello Simplot Credit Union has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pocatello Simplot Credit Union has $31.74 million in assets with $5.72 million in equity, resulting in a capitalization level of 18.03%, which is excellent.

Institution Statistics

NCUA #63405
Year Chartered1955
Primary Regulator
Assets and Liabilities
Assets$31.74 million
Loans$12.95 million
Deposits$25.74 million
Equity Capital$5.64 million
Loan Loss Allowance$87,000
Unbacked Noncurrent Loans$97,000
Real Estate Owned$0
Historic Data - March 2013
Assets$32.41 million
Equity Capital$5.80 million
Loan Loss Allowance$77,000
Unbacked Noncurrent Loans$97,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.09%
Return on Assets-0.25%
Return on Equity-1.42%
Interest Income$190,000
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Pocatello Simplot Credit Union Savings Account Rates

0.65%--IRA Share Account
0.65%--Medical Savings Account
0.30%$10k$100kRegular Share Account

Pocatello Simplot Credit Union Checking Account Rates

0.10%--Checking Account

Pocatello Simplot Credit Union CD Rates

1.15%--60 Month Share Certificate
0.85%--48 Month Share Certificate
0.75%--36 Month Share Certificate
0.65%--24 Month Share Certificate
0.55%--18 Month Share Certificate
0.45%--12 Month Share Certificate
0.35%--6 Month Share Certificate

Pocatello Simplot Credit Union IRA Rates

1.15%--60 Month IRA Certificate
0.85%--48 Month IRA Certificate
0.75%--36 Month IRA Certificate
0.65%--24 Month IRA Certificate
0.55%--18 Month IRA Certificate
0.45%--12 Month IRA Certificate
0.35%--6 Month IRA Certificate

Pocatello Simplot Credit Union Locations
Branch Office1130 Highway 30 WPocatello, ID 83204-7510