ICCU’s net worth ratio was 8.3 percent as of Dec. The ranking was based on a number of metrics, including member growth, market growth, and asset quality, among credit unions with more than $500 million in total assets and a net worth ratio of at least 7 percent. for the fourth consecutive year by S&P Global Market Intelligence. ICCU earlier this month was rated as the best-performing credit union in the U.S. “It was important that we got to know Public Employee Credit Union members while offering them more products and services.”Īs members of ICCU, former Public Employee Credit Union members now earn higher interest on savings accounts and certificates of deposit, and their debit cards now work all over the world and online, Haas says. “I think people were nervous,” Haas says of the acquisition. Public Employees Credit Union had $8.8 million in assets and 1,800 members at the time of the acquisition. Government Way, the former site of the lone branch of Public Employees Credit Union of Coeur d’Alene, which ICCU acquired last June. ICCU’s Coeur d’Alene branch is located at 1410 N. Smith says ICCU also plans to construct a branch in Hayden, at the southeast corner of Government Way and Honeysuckle Avenue, although the credit union hasn’t scheduled a timeframe for that project yet. Addington General Contractors Inc., of Coeur d’Alene, will be the contractor on the project. “The plan is to start construction in June and open in November, but we may be open sooner than that,” Smith says. Pocatello-based ICCU spokeswoman Laura Smith says the 4,800-square-foot facility will include a two-lane drive-thru and an ATM. The Post Falls branch will be located just east of the Columbia Bank branch at 3235 E.
“We knew if we came into North Idaho, we didn’t want to do just one branch,” Haas says. ICCU opened its first North Idaho branch last June and already is planning branches in Post Falls and Hayden. Southern Idaho-based Idaho Central Credit Union has just one modest branch in North Idaho, but the credit union has big growth plans there, just as it’s enjoying consistent strong performance across the financial cooperative, says Coeur d’Alene branch manager Emily Haas.
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