Haris Ashley
Idaho Central Credit Union (ICCU) is a state-chartered credit union headquartered in Chubbuck, Idaho, with numerous branches serving over 670,000 members and assets of over $12 billion. The credit union was established in 1940 to serve the financial needs of credit union officers in Idaho. Idaho Central Credit Union is federally insured, with deposits insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA). This insurance protection ensures that members' financial resources are secure and backed by the full faith and credit of the United States government. Membership in the credit union is open to various categories of individuals, including employees, retirees, and students in specific industries and counties within Idaho and neighbouring states.
| Characteristics | Values |
|---|---|
| Type of institution | Credit Union |
| Location | Idaho, Washington, Jackpot, Nevada |
| Headquarters | Chubbuck, Idaho |
| Membership | Employees, employers, students, and retirees of specific industries in select counties in Idaho; employees and retirees of the State of Idaho or other public employees or retirees in the state; members of any credit unions in Idaho; employees and retirees of Micron Corporation and its subsidiaries and divisions; those who live, work, or attend school in Jackpot, Nevada; employees of The Idaho Credit Union League and its chapters; family members of anyone eligible |
| Number of members | 670,000+ |
| Total assets | $12 billion+ |
| Insurance | Deposits insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA) |
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What You'll Learn
- Idaho Central Credit Union is federally insured by the National Credit Union Share Insurance Fund (NCUSIF)
- The credit union is governed by the state's Department of Finance
- Idaho Central Credit Union has over 50 branch locations
- It is the largest credit union in Idaho, with over 670,000 members
- Membership is open to employees, retirees, and students in specific industries in Idaho and Washington
Idaho Central Credit Union is federally insured by the National Credit Union Share Insurance Fund (NCUSIF)
Idaho Central Credit Union (ICCU) is a state-chartered credit union headquartered in Chubbuck, Idaho. It is the largest credit union in Idaho, serving over 670,000 members with assets of over $12 billion. Idaho Central Credit Union was established in 1940 to cater to the financial needs of credit union officers in the state.
The NCUSIF ensures that members' financial resources are secure and protected. It provides peace of mind to those who choose to bank with Idaho Central Credit Union, knowing that their deposits are insured. This federal insurance demonstrates the credit union's commitment to instilling trust and security among its members.
Membership in the Idaho Central Credit Union is open to various individuals, including employees, employers, students, and retirees residing or working in specific counties in Idaho and other defined industries. It also extends to members of any credit unions in Idaho, employees of the Micron Corporation, and those with connections to Jackpot, Nevada.
With its federal insurance backing, Idaho Central Credit Union offers a range of financial services, including checking and savings accounts, loan options, and credit cards. The credit union strives to help its members achieve financial success and provides tools and resources to empower them to make informed financial decisions.
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The credit union is governed by the state's Department of Finance
Idaho Central Credit Union (ICCU) is a state-chartered credit union headquartered in Chubbuck, Idaho, with numerous branches serving over 670,000 members and assets of over $12 billion. It is the largest credit union in Idaho and was established in 1940 to cater to the financial needs of officers of other credit unions in the state. The credit union's governing body is the state's Department of Finance.
The Department of Finance has overseen several changes to the credit union's membership criteria over the years. Initially, Idaho Central Credit Union was formed to serve the officers of other credit unions in Idaho, who could not belong to the credit unions where they worked. In 1953, the membership criteria were expanded to include all members of other Idaho credit unions.
In 1972, the Department of Finance approved a further expansion of the credit union's membership to include small groups who had a common bond and desired credit union membership but were unable to form their own union. This expansion demonstrates the department's role in ensuring financial inclusion and accessibility for Idaho residents.
The Department of Finance's governance of the credit union includes overseeing its operations, financial stability, and compliance with state regulations. The department works closely with the credit union's management and board of directors to ensure that it operates within the framework set out by state laws and regulations.
Additionally, the Department of Finance may also be involved in setting policies and guidelines for the credit union's products and services, including checking and savings accounts, loans, and other financial offerings. The department's role is crucial in maintaining the financial health and stability of the credit union, protecting its members' interests, and ensuring compliance with state-mandated financial regulations.
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Idaho Central Credit Union has over 50 branch locations
Idaho Central Credit Union (ICCU) is a state-chartered credit union headquartered in Chubbuck, Idaho, with over 50 branch locations. It is the largest credit union in Idaho, serving over 670,000 members with assets totalling over $12 billion.
ICCU was established in 1940 to serve the financial needs of officers of other credit unions in the state. Initially, officers could not belong to the credit union where they worked. However, in 1953, Idaho Central changed its membership criteria to include all members of other Idaho credit unions. Over time, the membership criteria expanded further to include small groups approved by the Department of Finance who desired credit union membership but could not form their own.
Today, Idaho Central Credit Union's membership is open to various categories of individuals, including employees, employers, students, and retirees of specific industries in several Idaho counties, as well as those with ties to the State of Idaho, Micron Corporation, and the Idaho Credit Union League.
The credit union offers a range of financial services, including checking and savings accounts, an ATM/debit card program, and vehicle loans. It also provides tools and resources to help members make informed financial decisions and achieve their financial goals.
With its extensive network of branches and strong financial standing, Idaho Central Credit Union's presence extends beyond its physical locations, serving members across Idaho and Washington.
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It is the largest credit union in Idaho, with over 670,000 members
Idaho Central Credit Union (ICCU) is a state-chartered credit union headquartered in Chubbuck, Idaho. It is the largest credit union in Idaho, with over 670,000 members and assets of over $12 billion. ICCU has numerous branches, including 52 locations in the Treasure Valley, Magic Valley, Eastern Idaho, Idaho Panhandle, and Washington. The credit union was organised in Boise in 1940 to serve the financial needs of the officers of other credit unions in the state. At that time, officers could not belong to the credit union where they worked.
ICCU's membership criteria have expanded over the years. In 1953, Idaho Central changed its field of membership to include all members of other Idaho credit unions. In 1972, it was further expanded to include small groups approved by the Department of Finance who desired credit union membership but were unable to form their own. Today, membership in ICCU is open to various categories of individuals, including employees, employers, students, and retirees of specific industries in Idaho and Washington. It also includes members of any credit unions in Idaho, employees and retirees of the Micron Corporation, and those who live, work, or attend school in Jackpot, Nevada.
ICCU offers a range of financial products and services to its members, including vehicle loans, credit cards, and checking and savings accounts. It also provides tools and resources to help members make informed financial decisions and reach their financial goals. The credit union is committed to helping its members achieve financial success and instilling trust and loyalty in all its financial solutions.
As a federally insured credit union, Idaho Central Credit Union ensures that its members' funds are secure. Deposits are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA). This insurance protects members' financial resources and is backed by the full faith and credit of the United States government.
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Membership is open to employees, retirees, and students in specific industries in Idaho and Washington
Idaho Central Credit Union (ICCU) is a state-chartered credit union headquartered in Chubbuck, Idaho, with numerous branches serving over 670,000 members and assets of over $12 billion. It is the largest credit union in Idaho and was established in 1940 to cater to the financial needs of credit union officers in the state.
Membership in the Idaho Central Credit Union is open to a specific group of people. Firstly, it includes all employees, employers, students, and retirees of certain industries as defined by the North American Industry Classification System and outlined in the credit union's bylaws. These individuals must reside in, work in, be headquartered in, or receive remuneration from any county in Idaho. Secondly, it comprises persons employed by or retired from the State of Idaho or other public sector jobs within the state. Thirdly, membership is offered to members of any credit unions located in Idaho. Additionally, those employed by or retired from the Micron Corporation and its subsidiaries are eligible. Individuals who live, work, or attend school in Jackpot, Nevada, and employees of The Idaho Credit Union League and its chapters can also join. Lastly, family members of anyone meeting these eligibility criteria can become members.
It is important to note that Idaho Central Credit Union expanded outside of Idaho in 2022 by opening a branch in downtown Spokane, Washington. This expansion allowed residents of Washington to become members of the credit union.
The funds deposited in Idaho Central Credit Union accounts are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA). This insurance coverage ensures that your financial resources are secure and backed by the full faith and credit of the United States government.
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Frequently asked questions
Yes, Idaho Central Credit Union is a federally insured, state-chartered credit union.
The funds deposited in your Idaho Central Credit Union deposit accounts are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).
The National Credit Union Share Insurance Fund is an arm of the National Credit Union Administration (NCUA). This means your financial resources are backed by the full faith and credit of the United States government.
Idaho Central Credit Union offers various banking and financial services such as Checking & Savings accounts, an ATM/Debit Card Program, and more.
Idaho Central Credit Union has about 670,000 members.
