Type Credit Union Number of locations 7 branches Founded 1952 | Industry Financial services Headquarters Boise Number of employees 95 | |
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Area served Ada County, Idaho; Canyon County, Idaho; Union County, Oregon; Wallowa County, Oregon. Key people Connie Miller, President and CEO Services Savings; Checking; Consumer Loans; Mortgages; Credit cards; Investments; Online banking; Business Services Profiles | ||
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Icon Credit Union is a state-chartered credit union headquartered in Boise, Idaho. Icon has seven branches between Boise and Meridian, Idaho, and La Grande, Oregon. Icon's governing agency is the Idaho Department of Finance.
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History
Icon Credit Union began as Idahy Federal Credit Union in 1952 in Boise, Idaho. Icon (Idahy at the time) began as a credit union focused on a few state-based select employer groups (SEGs), including the Idaho Department of Highways, hence the name Idahy. From 1952 through the 1990s, Idahy grew from its initial deposit of $35 to more than $21 million in assets. In 2003, Sho-Pan-Hi Federal Credit Union merged into Idahy, giving the company a presence in Coeur d'Alene, Idaho. Two years later, the Boise Cascade Federal Credit Union also merged into Idahy, increasing Idahy's field of membership to include employees of Boise Cascade and Boise, Inc.
In 2008, Idahy's members voted to approve a change to an Idaho State Charter, significantly increasing Idahy's field of membership outside of its select employer groups. This meant Idahy could accept membership from individuals who live or work in Ada County, Idaho, Canyon County, Idaho and Union County, Oregon, as well as employees of its existing select employer groups.
In 2010, Idahy's board of directors voted to change the credit union's name to Icon Credit Union to allow the organization's name to better reflect the new, diverse field of membership. At this time, Icon's membership stood at just under 15,000 members and Icon had more than $135 million in total deposits, making it the 9th largest credit union in the State of Idaho. Later, in 2013, the Northeast Oregon Federal Credit Union merged into Icon, further expanding its field of membership to include residents of Wallowa County, Oregon.
As of March 2014, Icon has an A+ rating with the Better Business Bureau. Icon also maintains an A rating with the Weiss Ratings and is currently the highest rated credit union in the State of Idaho.
As of 2017, Icon holds approximately $260 million in assets.
Membership
Icon's field of membership includes those who reside or work in Ada and Canyon Counties in Idaho and Union and Wallowa Counties in Oregon, employees of the Idaho Transportation Department, Boise Cascade and Boise, Inc. Family members of those who meet membership criteria are also eligible, regardless of their place of residence.
Governance
Icon Credit Union is governed by elected board of directors. Connie Miller serves as the President and Chief Executive Officer (CEO), John Cotner as Chief Lending Officer, Ben Wright as Chief Financial Officer, Michelle Wall as Vice President of Support Services, Kim LaFong as Vice President of Member Service, and Robert King as Chief Information Officer.