Idaho
REGULATING AGENCY: Idaho Department of Finance; Financial Institutions Bureau
- Patti Perkins, Director
- Anthony Polidori, Deputy Director
- Website: finance.idaho.gov
ACCREDITED: 1990
LEAGUE: GoWest Credit Union Association
- Troy Stang, President/CEO
- Website: gowestassociation.org
PRIVATE SHARE INSURANCE: YES
2023 STATS
- Largest SCU: IDAHO CENTRAL CU $11B in assets
- Largest FCU: CAPITAL EDUCATORS FCU $1.59B in assets
Fourth Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
---|---|---|---|---|
Total Credit Unions | 17 | 10 | 27 | 62.96% |
Credit Union Members | 0.96M | 0.28M | 1.25M | 77.31% |
Credit Union Assets | $16.99B | $4.19B | $21.18B | 80.23% |
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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