Idaho Central Credit Union

Idaho Central Credit Union (ICCU) is a state-chartered credit union in the western United States, headquartered in Chubbuck, Idaho, adjacent to Pocatello. ICCU is the largest credit union in Idaho, with numerous branches serving over 500,000 members with assets over $8 billion; its governing agency is the state's Department of Finance.

Idaho Central Credit Union
TypeCredit union
IndustryFinancial services
FoundedJune 28, 1940; 82 years ago (June 28, 1940)[1]
Headquarters,
Number of locations
46 branches
Area served
Idaho, Washington, and Jackpot, Nevada
Key people
Kent Oram (CEO)
Troy Neu (Chairman)
ServicesSavings, Checking, Consumer Loans, Mortgages, Credit cards, Investments, Online banking, Business services
$172,720,400
Total assets$ 9 billion
Number of employees
1,700
Websitewww.iccu.com

HistoryEdit

Idaho Central Credit Union was organized in Boise as a state-chartered credit union on June 28, 1940, to serve the financial needs of the officers of other credit unions operating in the state of Idaho. At that time, officers could not belong to the credit union where they worked.

In 1953, Idaho Central changed its field of membership to include all members of other Idaho credit unions, and in 1972 it was increased again to of small groups approved by the Department of Finance, who had a common bond and desired credit union membership, but were unable to form a credit union. In 1977, it expanded to retail employees in Ada, Bannock, Bingham, and Power counties. Persons in Oneida, Bear Lake, Franklin, Caribou, and Twin Falls counties were added to the field of membership in 1984.

The field of membership expanded in 1989 to include non-durable wholesale, service, and manufacturing for all counties and to persons in Jerome, Gooding, Lincoln, Blaine, Minidoka, and Cassia counties, and Jackpot, Nevada. In 2008, the establishment of the organization's Central's Business Lending Department added member eligibility for businesses. The most change came with the merger of PSCU in north Idaho, adding Shoshone and Kootenai counties.

In 2022, Idaho Central Credit Union physically expanded out of Idaho by opening up a branch in downtown Spokane.

Idaho Central is the largest credit union in the state of Idaho, with 47 locations in the Treasure Valley, Magic Valley, Eastern Idaho, Idaho Panhandle, and Washington.

MembershipEdit

ICCU's field of membership includes:

  • All employees, employers, students, and retirees of certain industries as defined in the North American Industry Classification System and outlined in Idaho Central Credit Union’s Bylaws who reside in, work in, are headquartered in or paid from any Idaho county.
  • Persons in the employ or retirees of the State of Idaho, other public employees within the State of Idaho, or retirees of the same, and members of credit unions located in the State of Idaho.
  • Persons employed in any division, subsidiary, or branch of the Micron Corporation and retirees of the same.
  • The Idaho Credit Union League, its employees, and its chapters.
  • Employees of the Credit Union and credit unions with offices in the State of Idaho.
  • Persons who live or work in, or organizations located within the boundaries of a Washington School District.
  • Persons who live or work in, or organizations located within Baker, Malheur, Umatilla, Union, and Wallowa Counties, Oregon.
  • Persons who reside in, work in, attend school in, or are paid in Jackpot, Nevada.
  • Persons who were members and remain members of this Credit Union at the time this field of membership was approved; small groups that were approved prior to the time this field of membership was approved; persons in the field of membership of credit unions merged into Idaho Central and those credit unions’ fields of membership.
  • Family members of eligible members of this Credit Union.

GovernanceEdit

Idaho Central Credit Union is governed by an elected board of directors. Kent Oram serves as the chief executive officer (CEO), Shelli Bardsley as chief administrative officer (CAO), Brenda Worrell as chief operating officer (COO), Brian Berrett as the chief financial officer (CFO), Mark Willden as chief information officer (CIO), Ed Tierney as chief lending officer (CLO), Corey Dahle as chief experience officer (CXO), and Michael Watson as chief marketing officer (CMO).[2][3]

SponsorshipsEdit

ICCU is the name sponsor of two sports venues in the state. In 2018, the University of Idaho in Moscow announced that ICCU had acquired the naming rights to a new arena on campus, that opened in November 2021. North of the west end of the Kibbie Dome, the new Idaho Central Credit Union Arena (ICCU Arena) will be the home court of the Vandal basketball teams (men's and women's).[4][5] In September 2020, ICCU announced that it had acquired the naming rights to the former CenturyLink Arena in downtown Boise, which was renamed Idaho Central Arena.[6]

In 2022, Idaho Central Credit Union signed a lifetime deal for the naming rights for a performing arts center in Spokane Valley. The Idaho Central Spokane Valley Performing Arts Center will be a 59,000 square-foot-facility on a 5-acre site expected to open in 2024. [7]

ReferencesEdit

  1. ^ "Company Profile". Idaho Central Credit Union. Retrieved September 14, 2017.
  2. ^ Idaho Central Credit Union Company Profile Manta.com
  3. ^ Idaho Central Credit Union Company Directory jigsaw.com
  4. ^ Harriman, Peter (October 4, 2018). "Significant donations help University of Idaho move ahead with its unique arena". Spokesman-Review. Spokane, Washington. Retrieved January 24, 2019.
  5. ^ "Idaho Central Credit Union Arena". University of Idaho. Retrieved February 19, 2021.
  6. ^ "CenturyLink no more: Downtown arena gets new name". BoiseDev. September 17, 2020. Retrieved September 18, 2020.
  7. ^ "ICCU buys naming rights for Spokane Valley arts center". Spokesman-Review. Spokane, Washington. July 21, 2012. Retrieved August 5, 2022.

External linksEdit