Idaho

REGULATING AGENCY: Idaho Department of Finance; Financial Institutions Bureau

Idaho Capitol Building

ACCREDITED: 1990

LEAGUE: Northwest Credit Union Association

STATS: (As of Dec 2020)

  • TOTAL # SCUs: 21
  • TOTAL # FCUs: 11
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 66% of 32 ID CUs
  • TOTAL $ SCU ASSETS: $10,990,779,333
  • TOTAL $ FCU ASSETS: $2,978,546,408
  • TOTAL ASSETS: $13,969,325,741
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 79%

FUN FACT: Idaho has the longest main street in America, 33 miles, in Island Park.


RECENT NEWS

Idaho Receives NASCUS Five-Year Re-Accreditation

July 15, 2021 – The National Association of State Credit Union Supervisors (NASCUS) is proud to announce Idaho has earned Re-Accreditation following a series of in-depth reviews and assessments by a panel of veteran state supervisors.

More than 88% of the $989 billion in state-chartered credit union assets are supervised by NASCUS’ 28 accredited state agencies.

“Accreditation is direct evidence of an agency’s capabilities and benefits all credit unions in the state as well,” said NASCUS President and CEO Lucy Ito. “It recognizes the professionalism of a state agency’s regulators, supervisors, and staff, while potentially delivering an impetus and support for legislation to modernize state law and policy changes to advance state supervisory processes and best practices.”

“The value of NASCUS accreditation to the Idaho Department of Finance’s credit union examination team and overall department operational and human resources policies cannot be overstated,” stated Idaho Director Patricia Perkins. “It is vitally important that our stakeholders have confidence that we are held to the highest standards nationally and continue to meet those standards in subsequent reaccreditation exercises.

Click on the title to read the full release.


Story Archive
Click here to take a look at the stories that have been collected over the years in Idaho.

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