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208-344-7948
7615 W Riverside Dr
Boise, ID 83714-6183

Icon Credit Union is headquartered in Boise and is the 9th largest credit union in the state of Idaho. It is also the 1,054th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 65 employees and 16,834 members. Icon Credit Union's CD rates are 39% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Persons who work in the Idaho counties of Ada and Canyon and their immediate family members. Persons who live or work in, or organizations located within Union County, Oregon. Persons who live, work, worship, or attend school in, and businesses and other legal entities located within the counties of Kootenai and Shoshone, Idaho Employees of the Idaho Transportation Department, Idaho Department of Law Enforcement, Idaho Lottery, and Idaho State Tax Commission. Employees of Boise Cascade, L.L.C., Office Max, Inc., Forest Capital Partners, L.L.C., and Boise, Inc. including their affiliates who are contractors or employees of contractors, who work in the United States. - See Details

Related Posts

Top 1-Year CD Rate Special at Icon Credit Union in ID and OR - 7/9/2014

Icon Credit Union has a limited-time 12-month CD special (1.25% APY), with a minimum deposit is $500 of new funds. Icon CU offers a free checking account with no minimum balance requirements and no monthly service fees.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Icon Credit Union had $429,000 in non-current loans and owned real-estate with $22.9 million in equity and loan loss allowances on hand to cover it. This gives Icon Credit Union a Texas Ratio of 1.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Icon Credit Union experienced no significant changes from 1.59% as of March 31, 2013 to 1.87% as of March 31, 2014, resulting in a negative change of 18.17%. This indicates that the balance sheet and financial strength for Icon Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Icon Credit Union has decreased its total deposits by -$6.65 million, resulting in -4.41% 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 below average.

Capitalization

GRADE:
A+

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 $169.66 million in assets with $22.9 million in equity, resulting in a capitalization level of 13.49%, which is excellent.

Institution Statistics

Overall
NCUA #68594
Year Chartered1952
Employees65
Primary Regulator
Assets and Liabilities
Assets$169.66 million
Loans$146.57 million
Deposits$144.24 million
Equity Capital$21.82 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$394,000
Real Estate Owned$35,000
Historic Data - March 2013
Assets$171.67 million
Equity Capital$18.81 million
Loan Loss Allowance$1.19 million
Unbacked Noncurrent Loans$394,000
Real Estate Owned$68,000
Profit Margin - Quarterly
Net Interest Margin1.11%
Return on Assets1.1%
Return on Equity8.53%
Interest Income$1.91 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Icon Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Icon Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$500-Education Savings Account
0.15%$100-Medical Savings Account
0.05%$25-Regular Savings

Icon Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$100k-Money Market Account
0.55%$100k-Traditional IRA Money Market Account
0.55%$100k-Roth IRA Money Market Account
0.35%$100k-High-Yield Money Market Account
0.15%$25k-Money Market Savings

Icon Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.07%$10k-Premier Checking Account

Icon Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month Fixed Rate Share Certificate
1.25%$500-1 Year CD Special
1.10%$500-48 Month Fixed Rate Share Certificate
1.05%$2,500-48 Month Step Up Share Certificate
0.90%$25-30 Month Smart Start CD
0.85%$500-36 Month Fixed Rate Share Certificate
0.80%$2,500-36 Month Step Up Share Certificate
0.80%$25-12 Month Campus Start Certificate
0.55%$500-24 Month Fixed Rate Share Certificate
0.50%$2,500-24 Month Step Up Share Certificate
0.35%$500-12 Month Fixed Rate Share Certificate
0.35%$500-18 Month Fixed Rate Share Certificate
0.15%$500-3 Month Fixed Rate Share Certificate
0.15%$500-6 Month Fixed Rate Share Certificate

Icon Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month Fixed Rate IRA Share Certificate
1.10%$500-48 Month Fixed Rate IRA Share Certificate
0.90%$25-30 Month IRA Smart Start Certificate
0.85%$500-36 Month Fixed Rate IRA Share Certificate
0.55%$500-24 Month Fixed Rate IRA Share Certificate
0.35%$500-12 Month Fixed Rate IRA Share Certificate
0.35%$500-18 Month Fixed Rate IRA Share Certificate
0.15%$500-3 Month Fixed Rate IRA Share Certificate
0.15%$500-6 Month Fixed Rate IRA Share Certificate
Locations


Icon Credit Union Locations
Branch Office1336 W Kathleen AveCoeur D Alene, ID 83815
Branch Office485 E Overland RdMeridian, ID 83642-6607
Branch Office7615 W Riverside DrBoise, ID 83714-6183
Branch Office1111 W Jefferson StBoise, ID 83702-5383
Branch Office9769 W EMERALD STBOISE, ID 83704-9765
Branch Office1010 N ROSE STBOISE, ID 83703-5739
Branch Office209 DEPOT STLa Grande, OR 97850