Community News

International Credit Union Day 2018

Oct 17
2018
International Credit Union Day Graphic

For Idaho Central, and credit unions all over the world, International Credit Union Day provides an opportunity to reflect and celebrate the history and success of the “People Helping People” philosophy. This year’s theme emphasizes the credit union movement’s loyalty to its members and its mission to provide them financial support and guidance.

Idaho Central is excited to celebrate the 70th anniversary of International Credit Union Day on October 18, 2018. This year’s theme is “Find Your Platinum Lining.” It combines the traditional gift of platinum for 70th anniversaries with a play on the saying “every cloud has a silver lining.”

For Idaho Central, and credit unions all over the world, this day provides an opportunity to reflect and celebrate the history and success of the “People Helping People” philosophy. This year’s theme emphasizes the credit union movement’s loyalty to its members and its mission to provide them financial support and guidance.

The movement began in the 1840s as a democratic consumer cooperative by weavers in Rochdale, England. Frustrated by bankers who denied them loans simply because they weren’t wealthy, the weavers and workers decided to pool their incomes and loan money to each other. In time, this cooperation put each member on solid financial ground and encouraged their own businesses to flourish.

The need for equitable financial institutions grew and, in 1971, the World Council of Credit Unions, Inc. (WOCCU) was created to help establish and maintain viable credit union movements. It has become the leading voice for advocacy and governance on behalf of the international credit union community.

Today, over 235 million people are served by credit unions in 109 countries and 6 continents.

Credit unions across the world are committed to their communities, offering financial services and education and returning profits to their members.

To learn more about what credit unions are and how they differ from other financial institutions, please contact an Idaho Central team member today!

Financial Education News

Youth Savings & Checking Accounts

Sep 09
2018
Kid holding a green piggy bank.

With the new school year comes new changes. Thinking about opening a savings or even a checking for your child? Here are some updates about our youth accounts.

Youth savings and checking accounts are an important start to your financial success. Do you remember your first account? Here are some updates on our accounts.

Account Age
Share Bear Savings 0-11
Starter Savings 12-17
Starter Checking 12-17
Share Savings 18+
Free Checking 18+

What changed?

Central Explorer and New Generation accounts no longer exist. If you had one of these accounts, you will be transitioned to the current account for your age after receiving a 30-day notice. These new accounts are simpler and more beneficial for our members.

Starter Checking is available at 12 years old. We see more and more youth opening checking accounts and starting young with a job and learning about responsible saving and spending.

Starter Savings members can enter to win a quarterly prize for every “A” they receive on a report card (report card with 3 As = 3 entries) or every deposit of $10 or more they make (one deposit of $50 = one entry). Every quarter, EVERY BRANCH will now have a winner! The winners will receive $50 to go in their savings account or to purchase something they’ve been saving for. If you win, we will take your picture with a giant $50 bill!

Have any questions? You can read more on our website about Youth Accounts, Savings Accounts, and Checking Accounts. Or you can visit a branch near you.

Community News

Idaho Central Opens a Second Student-Run Branch

Aug 30
2018
Thunder Ridge High School Branch Store Front

Idaho Central Credit Union is thrilled to have the opportunity to partner with another local high school on a student-run branch. Student-run branches provide a unique hands-on learning opportunity for all of those involved.

Idaho Central Credit Union is thrilled to have the opportunity to partner with another local high school on a student-run branch. This is the second student-run branch Idaho Central has had the chance to be a part of.

Student-run branches provide a unique hands-on learning opportunity for all of those involved.  Interns gain valuable communication, professional and technical skills while those students who utilize the branch services can learn smart financial habits and become better prepared to make solid financial decisions after they leave high school.  A U.S. Department of the Treasury study found that in-school branches increased account ownership and improved attitudes toward banking in addition to improving attitudes about saving and working with financial institutions.

Idaho Central Credit Union currently has 50 full time employees who started out as interns.  Seherzada Dzaferovic, Idaho Central’s Mountain View Branch Manager began her career as in intern in the Idaho Central Mountain View High School Branch.  “The internship was one of the best things that has happened to me. It provided me personal and professional development, long lasting friendships, and challenged me to continuously work on bettering myself.  I am who I am today because of the amazing mentors I had along the way that believed in me and constantly pushed me to work harder. With hard work came my dream career and I couldn’t be more happy,” said Dzaferovic.

Students working at the Thunder Ridge Branch will be mentored by Nate James, who has been with Idaho Central since 2014.  “The branch is a great opportunity for the student interns to develop healthy financial habits and then teach them to their peers. The branch has drawn a lot of positive interest within the community,” said James.

Thunder Ridge branch hours are 12:00pm-2:45pm every weekday aside from Wednesday. Wednesday hours are 11:00am- 1:45pm.

Community News

Green Team Volunteers at Paintfest

Jul 12
2018
ICCU employees standing in front of the Paintfest sign and house.

The Green Team volunteered at Portneuf Valley Paintfest as one way to give back to local Idaho communities in June. Paintfest combines community volunteers and sponsorship dollars to paint the exterior of homes for qualified senior citizens in Pocatello and Chubbuck. Founded in 1987, this program has painted over 600 homes since its inception.

The Green Team volunteered at Portneuf Valley Paintfest as one way to give back to local Idaho communities in June. Paintfest combines community volunteers and sponsorship dollars to paint the exterior of homes for qualified senior citizens in Pocatello and Chubbuck. Founded in 1987, this program has painted over 600 homes since its inception.

After working all day, the Green Team would gather after work or on the weekend to volunteer. In one week of Paintfest, the Green Team volunteered over 650 hours by over 160 volunteers from 21 different departments and branches.

The heart of Idaho Central is in its Green Team and the causes they care about. Four Idaho Central employees currently fill four leadership positions with Paintfest, two on the board and two as team captains to coordinate painting efforts with the community.

Tyler McGary, one of the team captains, had this to say about the Green Team experience at Paintfest. “The level of support and commitment this year was amazing. At both of the houses we painted we almost had more people than we had work to do. As the Green Team continues to grow, the level of support for these events has also grown. It is amazing and heartwarming to see that that many people are willing to give up their evenings and afternoons to help with this amazing project.”

This year, Paintfest painted a total of 8 houses, and Idaho Central painted two of those homes. At one point, there were 40 people working on the same house, many gathered from different departments and branches that do not always have the chance to work closely together. A sense of unity grew among the Green Team as a feeling of appreciation grew from the homeowners. In McGary’s words, “The homeowners said there is no way they could repay for what was done, but the look of gratitude and joy on their faces as they watched the Green Team fix up their house was all the payment we needed.”

The level of commitment from the Green Team to help in the community is the reason Idaho Central Credit Union can continue to give back to the community in this way. Idaho Central is grateful for team members who care and continue to show that green really is the color of love.

Community News

Another Successful Idaho Gives

May 18
2018
Idaho Central Employees with Idaho Gives Sign

Idaho Gives is a great day that brings nonprofits and Idahoans together for a day of giving.  It’s a day to celebrate the awesome work of Idaho’s nonprofits and benefit from the power of many.  Idaho Central Credit Union was honored to be the presenting sponsor of this year’s Idaho Gives!

Idaho Gives is a great day that brings nonprofits and Idahoans together for a day of giving.  It’s a day to celebrate the awesome work of Idaho’s nonprofits and benefit from the power of many.  Idaho Central Credit Union was honored to be the presenting sponsor of this year’s Idaho Gives!

During the 24-hour period nearly 11,000 Idahoans contributed over $1.56 million dollars for 570 local nonprofits.

The final contributions easily surpassed the 1.34 raised in 2017. For details on the final numbers raised for each nonprofit you can visit the Idaho Gives website.

When asked why Idaho Central likes to be a part of this event, Laura Smith, Director of Public Relations, said “ICCU participates in Idaho Gives because we love to support nonprofits. The day creates so much energy and we love that the money donated goes to such great causes.”