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We are a not-for-profit financial institution located in the Northwest. As a member-owned credit union, every decision we make is tied to the benefit it brings our members. We know that each financial journey is unique, and we are prepared to maintain our promise to guide members in the direction of their dreams.

Horizon and Icon Credit Unions Announce Plans to Merge

The Board of Directors of Icon Credit Union have announced plans to partner with Horizon Credit Union with the intent to merge. Horizon and Icon want to better serve you and future generations by combining our strengths and resources. Our expanded organization will have combined assets of more than 1.5 billion with 28 branch locations across Washington, Idaho, Montana and Oregon.

We expect the merger to be complete by the third quarter of 2020, following regulatory approval and a positive Icon membership vote.

We will continue to keep you informed as we move through this exciting process.  Commonly asked questions are provided below in our FAQ section. We understand you may have additional questions, please feel free to get in touch and we’ll be happy to help. You can read our media release by clicking here.

Why are we merging?

This merger between two independently strong, successful credit unions will bring greater value to our combined members, employees, and communities. This partnership will accelerate our ability to expand member offerings and provide more locations in the Northwest to better service our growing membership.

What does the merger mean for members?

Becoming a larger credit union with combined assets of $1.5 billion will provide opportunities to increase efficiencies and return those savings right back to our members in the form of innovation, technology and services, better rates and higher investments in community giving.

The combined credit union will have 28 branch locations across Washington, Idaho, Montana and Oregon, allowing our combined members more convenient access to a growing branch network throughout the Northwest. In addition, the merger will allow for enhanced mobile technologies to compliment the expanded reach of the combined credit unions.

Who is Icon Credit Union?

Icon Credit Union was chartered in 1952 to serve employees of the Idaho Department of Highways. Located in Boise Idaho, Icon has grown to serve more than 27,000 members from Boise to La Grande, OR. Icon is nearing $340 million in assets and has nine branch locations. Their culture of superior member service and dedication to the communities they serve compliment the core values of Horizon Credit Union.

How will this affect my accounts?

There will be no affect to your accounts or account numbers. You may continue to do business with Horizon Credit Union as you normally do. Once the merger is complete, you will have access to nine additional branch locations in the Boise and La Grande areas.

When will this merger occur?

The credit unions will officially merge on August 1, 2020 with migration of systems to complete on November 2, 2020. 

 

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  • NMLS

    407890
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