Icon Credit Union, has agreed to merge with Horizon Credit Union and combine $1.5 billion in assets and over 100,000 members.
There are seven Idaho Credit Union branch locations in the Treasure Valley and all will remain open. After the merge, there will be 28 locations in Idaho, Washington, Oregon and Nevada. Horizon, based in Spokane Valley, WA started in 1947 before picking up its current name in the early 1990s.
“The partnership offers members the advantages of locations across four states, an increase in capital to invest in member needs, and stronger e-services and technology to build a stronger credit union,” Icon Credit Union’s Marketing Director Amy Rovig said in a news release.
Rogiv said the Idaho and Oregon branches will remain open as the merge takes place and no layoffs are expected.
“By uniting as one organization, we will be better able to ensure competitive rates for our members, opportunities for our employees, and continued support of charitable organizations in all of our markets,” Connie Miller, President and CEO of Icon Credit Union said.
Icon is officially expected to become part of Horizon Credit Union on August 1st.