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Idaho Central Credit Union

Idaho Central Credit Union Locations
4400 Central Way
Chubbuck, ID 83202
1-800-456-5067
www.iccu.com

NCUA

Idaho Central Credit Union is headquartered in Chubbuck and is the largest credit union in the state of Idaho. It is also the 145th largest credit union in the nation. It was established in 1940 and as of December of 2012, it had grown to 345 employees and 127,094 members. Idaho Central Credit Union's CD rates are 11% higher than the national average, and it boasts a 5-star health rating.

Idaho Central Credit Union Routing Number: 324173626

Related Posts

Top Bump-Up CD Rates at Idaho Central Credit Union - Local Only - 8/16/2012

Bump-up CDs that give CD holders the option to bump up the rate of a CD are rare and often have lower rates than regular CDs. That's not the case at Idaho Central Credit Union which has very competiti ...

2.75% 11-Month CD at Idaho Central Credit Union - Local Only - 8/12/2009

Update 9/04/09: This 11-month special has ended. However, they now have a 15-month CD special with a 2.30% APY. See the credit union's CD rate table for more details.Idaho Central Credit Union has an attractive CD promotion with a 2.75% APY for an...



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See Rates for: Savings | Money Market | CD

Idaho Central Credit Union Savings Account Rates

ApyMinMaxProduct
0.45%$25k-Health Savings Account
0.25%--Central Cents Savings
0.20%$1,500-Choice Savings
0.15%$1,500-Youth Savings
0.15%$300-IRA Share Savings
0.10%$300-Share Savings
0.10%$300-Business Savings

Idaho Central Credit Union Money Market Rates

ApyMinMaxProduct
0.65%$100k-Business Premium Money Market Savings
0.45%$100k-IRA Money Market Savings
0.40%$100k-Premium Money Market Savings
0.35%$100k-Business Money Market Savings
0.30%$50k-Business Money Market Checking
0.20%$100k-Money Market Checking
0.20%$100k-Money Market Savings

Idaho Central Credit Union CD Rates

ApyMinMaxProduct
2.00%$500-5 Year Freedom CD
2.00%$500-Business 5 Year Freedom CD
1.55%$500-4 Year Freedom CD
1.55%$500-Business 4 Year Freedom CD
1.31%$500-2 Year Online CD
1.30%$500-3 Year Freedom CD
1.30%$500-Business 3 Year Freedom CD
1.15%$500-5 Year CD
1.15%$500-Business 5 Year CD
1.00%$500-4 Year CD
1.00%$500-Business 4 Year CD
1.00%$500-1 Year Online CD
1.00%$500-2 Year Freedom CD
1.00%$500-Business 2 Year Freedom CD
0.80%$500-3 Year CD
0.80%$500-Business 3 Year CD
0.75%$500-1 Year Freedom CD
0.75%$500-Business 1 Year Freedom CD
0.60%$500-1 Year CD - New Generation Account
0.50%$500-Business 6 Month Freedom CD
0.50%$500-6 Month Freedom CD
0.40%$500-2 Year CD
0.40%$500-Business 2 Year CD
0.35%$500-1 Year CD
0.35%$500-18 Month CD
0.35%$500-Business 1 Year CD
0.35%$500-Business 18 Month CD
0.20%$500-180 - 364 Day CD
0.20%$500-Business 180 - 364 Day CD
0.05%$500-90 - 179 Day CD
0.05%$500-Business 90 - 179 Day CD

Rates updated: 5/17/2013

Data for Q4 2012


Institution Statistics


IDAHO CENTRAL
NCUA #63194
BankRate ReportView
Year Chartered1940
Employees345
Primary Regulator

Assets and Liabilities

Assets$1.26 billion
Loans$1.08 billion
Deposits$1.10 billion
Equity Capital$115.48 million
Loan Loss Allowance$5.44 million
Unbacked Noncurrent Loans$3.70 million
Real Estate Owned$195,000

Historic Data - December 2011

Assets$1.01 billion
Equity Capital$89.11 million
Loan Loss Allowance$6.27 million
Unbacked Noncurrent Loans$3.29 million

Profit Margin - Quarterly

Net Interest Margin3.83%
Return on Assets2.21%
Return on Equity24%
Interest Income$41.85 million
Non-Interest Income$29.89 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Idaho Central Credit Union had $3.89 million in non-current loans and owned real-estate with $120.91 million in equity and loan loss allowances on hand to cover it. This gives Idaho Central Credit Union a Texas Ratio of 3.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Idaho Central Credit Union held steady from 3.45% as of December 31, 2011 to 3.22% as of December 31, 2012, resulting in a positive change of 6.62%.This indicates that the balance sheet and financial strength for Idaho Central Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Idaho Central Credit Union has increased its total deposits by $191.16 million, resulting in 21.06% 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 Idaho Central Credit Union has shown is excellent.
Capitalization3
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. Idaho Central Credit Union has $1.25 billion in assets with $120.91 million in equity, resulting in a capitalization level of 9.63%, which is average.
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Using Major Bank Practices
1 stars - whtlineRR - Sunday, December 2, 2012 - 10:42 AM

Is Idaho Central Credit Union a non-profit credit union or a major bank?

For years I've belonged to two other credit unions. Recently joining ICCU for the mear convenience of it. They're right down the street. I'm slowly moving my other credit union accounts to this new one at ICCU.

Last month I split my once a month retirement check into the 3 credit unions. For the moment, the ICCU account is mainly used to cover my mortgage. Which is due on the 1st. That is also when my Federal Paycheck are supposed to be posted.

My retirement paycheck shows up at my other two (my orginal) credit union accounts two business days before the 1st. Always have. And is available to use.  If the 1st comes on a Monday, those funds show up in my account on the Thursday before. If there is a holiday on Monday, and the 1st is on Tuesday, those funds are deposited and available once again on the Thursday before.

NOT AT ICCU! They will not allow access to the funds until the "POST" date on Monday. As I recall this is the reason I moved from those major banks decades ago.

This weekend is a case in point. It's December 2012. The 1st falls on Saturday. Friday Nov 30, I walked into the branch and talked to a future "Sepford Wife" behind the counter and asked why do my other credit unions have the funds available Thursday Nov 29th while ICCU doesn't?

And worst, since December 1st falls on a Saturday, it won't show up in my account until Monday the 3rd. That's 5 days!  To add insult to injury.....my mortgage is still due on the 1st. If not paid, it will show up as LATE.

Banks have been doing this old trick for a hundred years. They're allowed to loan 4 times that deposit amount on hold and in turn make interest on it.  A couple of days doesn't seem like much, but it millions! 

Simply, while that deposit is on "hold", they're making money on it.  And any overdrafts that may happen while those funds are on "hold" will  be  charged  to  you.   

Is ICCU a non-profit credit union owned by the customers?

WOW. I'm reconsidering my options now. 

When questioning a new credit union, ask detailed questions..........  If they give you an answer that has "POST DATE" in it,  .......run. 

5
 
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