Idaho Central Credit Union

Last updated
Idaho Central Credit Union
Company type Credit union
Industry Financial services
FoundedJune 28, 1940;
84 years ago (June 28, 1940) [1]
Headquarters
Chubbuck, Idaho
,
U.S.
Number of locations
59 branches
Area served
 Idaho, Washington, and Jackpot, Nevada
Key people
Brenda Worrell (CEO)
Troy Neu (Chairman)
Services Savings, Checking, Consumer  Loans, Mortgages, Credit cards, Investments, Online banking, Business services
$172,720,400
Total assets $ 12 billion
Number of employees
1,900
Website www.iccu.com

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 670,000 members with assets over $12 billion; its governing agency is the state's Department of Finance.

Contents

History

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 52 locations in the Treasure Valley, Magic Valley, Eastern Idaho, Idaho Panhandle, and Washington.

Membership

ICCU's field of membership includes:

Governance

Idaho Central Credit Union is governed by an elected board of directors. Brenda Worrell serves as the chief executive officer (CEO), 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]

Sponsorships

ICCU is the name sponsor of three sports venues in Idaho and a performing arts center in eastern Washington.

In 2018, the University of Idaho in Moscow announced that ICCU had acquired the naming rights to a new arena on campus, located north of the west end of the Kibbie Dome, Opened in November 2021, the Idaho Central Credit Union Arena (ICCU Arena) is 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]

It was announced on January 9, 2024, that ICCU acquired the naming rights for the main stadium at Idaho State University (ISU) in Pocatello, which is now known as the ICCU Dome. [8] Opened 55 years ago in 1970 as the ASISU Minidome, it had been known as Holt Arena since 1988.

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References

  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 Archived 2012-06-30 at the Wayback Machine 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.
  8. ↑ "In Partnership With ICCU, ISU Athletics Announces Landmark Contribution To Rename Holt Arena". ISUBengals.com (Press release). January 9, 2024. Retrieved January 10, 2024.
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