Idaho

REGULATING AGENCY: Idaho Department of Finance; Financial Institutions Bureau

Idaho Capitol Building

  • Patti Perkins, Director
  • Anthony Polidori, Deputy Director
  • Website: finance.idaho.gov

ACCREDITED: 1990

LEAGUE: GoWest Credit Union Association

PRIVATE SHARE INSURANCE: YES


2023 STATS 
  • Largest SCU: IDAHO CENTRAL CU $10.71B in assets
  • Largest FCU: CAPITAL EDUCATORS FCU $1.56B in assets
Third Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 17 10 27 62.96%
Credit Union Members 951,232 286,197 1.24M 76.87%
Credit Union Assets $16.68B $4.15B $20.83B 80.09%

FUN FACT

The entire town of American Falls was moved in the 1920s when the American Falls Dam was built.


RECENT NEWS
Idaho Central Issues $80 Million in Subordinated Debt, ‘One of the Largest’ Ever

Dec. 8, 2023 — The private placement increases its net worth ratio, which has lagged peers. Idaho Central Credit Union is bolstering its net worth through $80 million in subordinated debt issued Nov. 7. The Luse Gorman law firm of Washington, D.C., which served as legal counsel to Idaho Central in the offering, said the private placement of $80.0 million of subordinated notes was “one of the largest single issuances of subordinated debt by a credit union.” It follows a $100 million issue announced in February by GreenState Credit Union of North Liberty, Iowa ($11.2 billion in assets, 447,703 members as of Sept. 30) to support minority homeownership.


 

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