Icon Credit Union

7615 W Riverside Drive
Boise, ID 83714
www.iconcreditunion.org

OverView
Rates
Health
Reviews

Icon Credit Union is headquartered in BOISE and is the 9^th largest credit union in the state of Idaho. It is also the 1,103^rd largest credit union in the nation. It was established in 1952 and as of December of 2011, it had grown to 59 employees and 14,441 members. Icon Credit Union's CD rates are 11% higher than the national average, and it boasts a 5-star health rating.

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Icon Credit Union Checking Account Rates

Apy	Min	Max	Product
0.10%	$10k	-	Premier Checking Account
0.05%	$1k	-	Classic Checking Account

Icon Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	$500	-	Educational Savings Account
0.15%	$100	-	Medical Savings Account
0.05%	$25	-	Share Savings Account
0.05%	$15	-	Safe Deposit Box Account

Icon Credit Union Money Market Rates

Apy	Min	Max	Product
0.55%	$100k	-	Traditional IRA Money Market Account
0.55%	$100k	-	Roth IRA Money Market Account
0.40%	$100k	-	High-Yield Money Market Account
0.15%	$500	-	Money Market Account

Icon Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month Fixed Rate Share Certificate
1.30%	$500	-	18 Month CD Special
1.10%	$500	-	48-59 Month Fixed Rate Share Certificate
1.05%	$2,500	-	48 Month Step Up Share Certificate
1.00%	$500	-	36-47 Month Fixed Rate Share Certificate
1.00%	$500	-	12 Month Certificate Special
0.95%	$2,500	-	36 Month Step Up Share Certificate
0.90%	$25	-	30 Month Fixed Rate Galileo Share Certificate
0.80%	$25	-	12 Month Boomerang Savings Certificate
0.70%	$500	-	24-35 Month Fixed Rate Share Certificate
0.65%	$2,500	-	24 Month Step Up Share Certificate
0.45%	$500	-	12-23 Month Fixed Rate Share Certificate
0.20%	$500	-	3-11 Month Fixed Rate Share Certificate

Icon Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month Fixed Rate Coverdell ESA Share Certificate
1.50%	$500	-	60 Month Fixed Rate IRA Share Certificate
1.50%	$500	-	60 Month Fixed Rate Roth IRA Share Certificate
1.10%	$500	-	48-59 Month Fixed Rate Coverdell ESA Share Certificate
1.10%	$500	-	48-59 Month Fixed Rate IRA Share Certificate
1.10%	$500	-	48-59 Month Fixed Rate Roth IRA Share Certificate
1.00%	$500	-	36-47 Month Fixed Rate Coverdell ESA Share Certificate
1.00%	$500	-	36-47 Month Fixed Rate IRA Share Certificate
1.00%	$500	-	36-47 Month Fixed Rate Roth IRA Share Certificate
0.90%	$25	-	30 Month Fixed Rate Voyager IRA Share Certificate
0.70%	$500	-	24-35 Month Fixed Rate Coverdell ESA Share Certificate
0.70%	$500	-	24-35 Month Fixed Rate IRA Share Certificate
0.70%	$500	-	24-35 Month Fixed Rate Roth IRA Share Certificate
0.45%	$500	-	12-23 Month Fixed Rate Coverdell ESA Share Certificate
0.45%	$500	-	12-23 Month Fixed Rate IRA Share Certificate
0.45%	$500	-	12-23 Month Fixed Rate Roth IRA Share Certificate
0.20%	$500	-	3-11 Month Fixed Rate Coverdell ESA Share Certificate
0.20%	$500	-	3-11 Month Fixed Rate IRA Share Certificate
0.20%	$500	-	3-11 Month Fixed Rate Roth IRA Share Certificate

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

ICON
NCUA #	68594
BankRate Report	View
Year Chartered	1952
Employees	59
Primary Regulator
Assets and Liabilities
Assets	$143.80 million
Loans	$114.65 million
Deposits	$126.03 million
Equity Capital	$16.55 million
Loan Loss Allowance	$1.08 million
Unbacked Noncurrent Loans	$580,000
Real Estate Owned	$144,000
Historic Data - December 2010
Assets	$137.05 million
Equity Capital	$15.05 million
Loan Loss Allowance	$587,000
Unbacked Noncurrent Loans	$251,000
Real Estate Owned	$91,000
Profit Margin - Quarterly
Net Interest Margin	4.91%
Return on Assets	0.83%
Return on Equity	7.18%
Interest Income	$7.22 million
Non-Interest Income	$2.36 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Icon Credit Union had $724,000 in non-current loans and owned real-estate with $17.63 million in equity and loan loss allowances on hand to cover it. This gives Icon Credit Union a Texas Ratio of 4.11% 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 Icon Credit Union held steady from 2.19% as of December 31, 2010 to 4.11% as of December 31, 2011, resulting in a negative change of 87.81%. This indicates that the balance sheet and financial strength for Icon Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Icon Credit Union has increased its total deposits by $5.3 million, resulting in 4.39% 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 Icon Credit Union has shown is above average.
Capitalization
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. Icon Credit Union has $143.8 million in assets with $17.63 million in equity, resulting in a capitalization level of 12.26%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.