News

Helping Idaho Businesses with the Paycheck Protection Program

Jul 23
2020
Woman talking on the phone in green shirt

Helping our members, including our business members, achieve financial success is our mission every day. We recognize that helping a business has far-reaching effects. When we are able to provide help, guidance, and relief to a business, we are able to help the business continue serving our communities. Since the Paycheck Protection Program launched onRead more

Helping our members, including our business members, achieve financial success is our mission every day. We recognize that helping a business has far-reaching effects. When we are able to provide help, guidance, and relief to a business, we are able to help the business continue serving our communities.

Since the Paycheck Protection Program launched on April 3, Idaho Central has helped 30,000 Idahoans retain jobs by providing over 3,800 loans for a total of $164 million in relief funds. Idaho Central is proud to have helped more small businesses in Idaho than any other financial institution.

Through all of this, we haven’t forgotten the gravity of the situation for many of our members. We are reminded daily of how helping local businesses is not just helping businesses, it is helping individuals. We are happy we could support so many, and the opportunity to help keeps us motivated to provide the best experience for our members. Here are a few recent interactions that warmed our hearts as we assisted applicants through this loan.

“I helped a member who called in a panic to see if we are still taking SBA relief applications since she has spent most of the week calling to see if she could apply. Other institutions told her no, or not any more. When I told her we are doing our best to help but it might take a few days she started crying. I thought it was because of the delay, but she was crying of happiness.”

“I emailed a member on my list of leads.  It turns out it was a duplicate lead and he was unsure if he needed to send me anything.  I apologized for the extra email and let him know he was in good hands.  He could have been annoyed by the extra email, but instead this was his reply: ‘Ok great! I bet you guys are absolutely swamped! Thank you so much for making sure you don’t miss me, it is very much appreciated. I don’t know if you have anything to do with loans that ICCU is offering outside of this PPP but I would love to speak with someone about the different business loans you guys offer, or lines of credit, whenever you have time.’”

“A CPA called for the business request form and said a different institution was not ready to take applications, and he will be sending all of his clients to us. He also said he loves us and that we all are amazing and he is amazed at how organized we are for this! He sends love to all!”

“I had someone reach out to me in tears yesterday.  Her business of 28 years is at risk and her financial institution is no longer taking applications.  She’s not a member with us, and she said that I have been the kindest person she has reached out to in the midst of all this chaos.  After this, she will be bringing her accounts over. She thanked me for giving her a glimmer of hope and making her day a little brighter with all the darkness she’s experiencing.”

“I had a member just say, ‘ICCU is awesome and will have my business forever after this.  You’ve taken care of me like no one else has. From skipping my loan payments and now helping with the business options.’”

We are committed to helping businesses through these times. We keep our website updated with information about both the Payment Protection Program, and other business relief options. To receive additional information about Idaho Central’s business services, please fill out our Business Information Request form. If you have any questions or would like to explore any options as a business or individual, please reach out to us.

News

Message From the President

Jul 16
2020
Kent Oram CEO Idaho Central Credit Union

Dear Members, Every day we strive to provide you with the local, personalized service you deserve, in the most convenient and safest ways possible. For the safety of our employees and to keep our branches open, we are requiring masks to be worn by anyone entering the lobbies of our Treasure Valley branches. If youRead more

Dear Members,

Every day we strive to provide you with the local, personalized service you deserve, in the most convenient and safest ways possible. For the safety of our employees and to keep our branches open, we are requiring masks to be worn by anyone entering the lobbies of our Treasure Valley branches.

If you prefer not to wear a mask when you come to a branch, we ask you to please use the drive-thru. Remember, most transactions can be completed using one of the many electronic options available including VideoChat, Mobile Banking, Mobile Deposit, and ATMs.

Our employees are one of our most important assets and I thank you for your patience as we work to keep them, and you, safe during this time.

Sincerely,

Kent Oram, President
Idaho Central Credit Union

News

Star Branch Opening

Jul 01
2020
Star, Idaho Branch Opening

Our members have eagerly awaited a branch in Star, Idaho and we are excited to announce the opening of our doors this month! From the chamber of commerce to local community members, our team has been enthusiastically welcomed, and we can’t wait to serve members from this new location. The Star Branch opens on JulyRead more

Our members have eagerly awaited a branch in Star, Idaho and we are excited to announce the opening of our doors this month! From the chamber of commerce to local community members, our team has been enthusiastically welcomed, and we can’t wait to serve members from this new location.

The Star Branch opens on July 6, 2020 and is located off of Highway 44 at 68 S. Pine Lake Lane.  This is Idaho Central’s 39th location in Idaho.

The Star Branch will be managed by Shawn Myers, and his team will include an assistant manager, financial service officers and member services specialists. This 4,390 square foot branch has a drive-through with two lanes, and an ATM.  A video conferencing booth in the lobby will allow members access to VideoChat services when needed. Hours for Star Branch are 9am to 6pm during the week, 9am to 3pm on Saturdays. Members will always have free, 24-hour access with eBranch online and with mobile banking.

With a classic exterior, the interior of this state-of-the-art branch has a more modern look. The high ceilings, low-profile cubicles, and huge windows that allow for ample natural light, give a spacious feel. With LED lighting, innovative technology, and high-quality windows, the Star Branch is one of the most energy efficient branches Idaho Central has ever built.

Stop by the Star Branch and learn more about Idaho Central’s products and services including free checking, low-rate Visa cards, CD and retirement accounts, auto, home, and construction loans, and a full range of business products.

Through August 31, 2020, members who visit the Star Branch can enter to win a 2020 Polaris RZR!

News

Message from the President

Apr 27
2020
Kent Oram CEO Idaho Central Credit Union

Dear Members, On April 22, I was asked to serve on Governor Little’s Taskforce to provide advice regarding re-opening all of Idaho’s businesses, large and small. As a large provider of SBA Paycheck Protection Program loans to small businesses, ICCU is very familiar with the situations, frustrations and challenges Idaho’s small businesses face. Many ofRead more

Dear Members,

On April 22, I was asked to serve on Governor Little’s Taskforce to provide advice regarding re-opening all of Idaho’s businesses, large and small. As a large provider of SBA Paycheck Protection Program loans to small businesses, ICCU is very familiar with the situations, frustrations and challenges Idaho’s small businesses face. Many of my friends and family own small businesses in Idaho and I am intimately familiar with their worries and concerns. I am honored be a part of the Governor’s Taskforce and pledge to advocate on behalf of all Idaho businesses with a special focus on our valuable small businesses whether ICCU members or not.

Sincerely,

Kent Oram, President
Idaho Central Credit Union

News

We Are Here For Our Members

Apr 01
2020
Credit Unions are here for you
This is an uncertain time for many people, and we want to reassure you of one certainty – we are here for you. The Northwest Credit Union Association posted a message of hope to Idahoan credit union members. We love this message and hope it gives our members peace of mind during this time. IdahoRead more

This is an uncertain time for many people, and we want to reassure you of one certainty – we are here for you. The Northwest Credit Union Association posted a message of hope to Idahoan credit union members. We love this message and hope it gives our members peace of mind during this time.

Idaho Credit Unions Are Here For Their Members

In good times and challenging ones, Idaho credit unions step up for their members every time. It’s the credit union way.

Posted by Northwest Credit Union Association on Friday, March 27, 2020

Helping members achieve financial success has been our mission every day, and that has not changed with the world’s circumstances. If you find yourself in a difficult situation, please reach out to us. We would love to see how we can help, whether that is rearranging finances, starting a relief signature loan, exploring skip a payment options for credit card or auto loans, or just figuring out where to start. We are anxious to ease the burden for members and businesses.

If you are a business, we are here for you too. Maybe it is a relief loan, skip a payment, paycheck protection program, or SBA assistance that could help. We are constantly looking for new ways to help our members and we continue rolling out new options to help get through this difficult time.

One of the most reassuring things is that your money is safe with us. Did you know that your accounts are federally insured up to $250,000? No one in America has ever lost a penny of their federally insured savings at a credit union.

Take care of yourself, your health is important. Your financial health is also important and we want to help that feel at ease.

If you would like to explore options, give us a call at 1-800-456-5067 or through VideoChat and we can look at your specific situation and see how we can best help you. Please contact us if you are interested.

This is a tough time for many people. Together, we can get through this and come out even stronger.