Icon Credit Union (Icon CU) is currently featuring four CD Specials: 12-month (1.60% APY), 18-month (1.80% APY), 24-month (1.90% APY), and 48-month (2.00% APY). The minimum deposit is $500 and new money is required to earn the stated APYs. Of the four, the 18- and 24-month CD Specials are the most competitive.
As stated in the Truth in Savings disclosure, the Early Withdrawal Penalty reads as follows:
The penalty we may impose will equal 90 days
dividends on the amount withdrawn subject to penalty.
Icon CU’s High-Yield Checking account has just celebrated its first anniversary. It continues to earn 2.50% APY on qualifying balances up to $10k; non-qualifying accounts earning 0.05% APY on the entire balance.
- At least 15 debit card transactions.
- At least one Direct Deposit (no minimum amount).
- Be enrolled in eStatements.
- At least one monthly Online Banking login.
The High-Yield Checking account has no minimum balance requirement or monthly service fee. Icon CU members have access to more than 25,000 fee-free ATMs through the Free MoneyPass network, so there are no ATM fee reimbursements.
Headquartered in Boise, Idaho, Icon Credit Union’s field of membership (FOM) is residency based, with individuals who live or work in the Idaho counties of Ada, Adams, Canyon, Kootenai, Shoshone, Valley, and Washington, or the Oregon counties of Union and Wallowa, eligible for membership.
Individuals with immediate family members or household members, who are current or eligible Icon CU members, also qualify for membership.
Credit Union Overview
Icon Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 1.74% (excellent) based on June 30, 2017 data. In the past year, Icon CU has increased its total non-brokered deposits by $13.59 million, an excellent annual growth rate of 6.32%. Please refer to our financial overview of Icon Credit Union (NCUA Charter # 68594) for more details.
Icon Credit Union is currently Idaho’s sixth largest credit union, with more than 24,800 members and assets in excess of $279 million. Founded in 1952 as the Idahy Federal Credit Union (IFCU), the initial FOM was limited to employees of the Idaho Department of Highways. Steady growth in assets, members, and employees, marked the next 50 years of the Credit Union’s history.
In 2003 and 2005, IFCU merged with Sho-Pan Hi Federal Credit Union and the Boise Cascade Employees Credit Union, respectively. IFCU converted its federal charter to a state charter in 2008, in order to expand their field of membership at minimal cost. In 2010, the Credit Union was re-branded as Icon Credit Union, and four years later, a merger Boise U.S. Federal Credit Union occurred.
How the CD Specials Compare
When compared to the 163 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available with the FOM, Icon Credit Union's 18-month CD Special APY currently ranks second.
When compared to the 215 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available with the FOM, Icon Credit Union's 24-month CD Special APY currently ranks fifth.
The above rates are accurate as of 11/16/2017.