Idahy MoneyLine Article October 1, 2009

Idahy Federal Credit Union was chartered in 1952 by six chartering members for a total asset size of $35.00. Over the course of 57 years, Idahy has blossomed to 14,600 members and $133 million in assets, making it a very successful financial institution. We can attribute that growth to the support of our devoted members and the commitment and hard work of many volunteers and employees.

As companies grow and prosper, they occasionally find their name does not serve the company well in their new business environment and the areas they serve. This has happened at Idahy over the past few years, as we have merged with a few credit unions and changed the geographic location and membership we serve. As a result, after very careful consideration your board of directors has made the decision to select a new name and new look for Idahy. They have determined that a new name will help propel the credit union into many more successful years of serving members and being active in our communities.

The Idahy name has served us well for over half of a century, in spite of being the source of mispronunciation, misspelling and misunderstanding for many of our members throughout the years. As we continue to grow and look for more opportunities to serve people within our communities, it is important that we are recognized as a progressive, trustworthy and sound credit union. Your board of directors and management believe it is important that our name reflect those very qualities and are working towards finding a new name and developing a brand to support it.

We expect to retire the Idahy name and launch the new name during the first quarter of 2010. We are confident you will be pleased with the new name and look for, and appreciate your support in making this a successful transition to our new name.

ICON MoneyLine Article January 1, 2010

We are pleased to announce that as of January 1, 2010, the new name for your credit union is ICON Credit Union. If you visited your local branch in December, you may have already previewed the new name, look and feel of our promotional materials. We are confident that our members will embrace the new name and look, and will continue to support their credit union as it moves into the future.

You may recall reading in the October 2009 Moneyline, that after very careful consideration and significant discussion, Idahy’s Board of Directors and the management team felt that it was time to select a new name for our credit union. Your Board of Directors recognized the various challenges that the name “Idahy” brought us over the years. It is commonly mispronounced, misspelled, and is confused with other local credit unions with “Idaho” in their name. In addition, we have expanded our field of membership over the past 57 years to include many employer groups that are not part of the original Idaho Highway Transportation Department. We also now have a branch located in Oregon, so a name similar to Idaho does not serve that area well.

Your credit union’s new name was selected because it represents what Idahy is known for – true strength, a strong feeling of admiration and respect, and is easy to pronounce and spell. Although we will always hold “Idahy” near and dear to our hearts, we are excited about the opportunities that our new name will bring us, through improved marketing, brand recognition, and ease of use.

We have been working hard to make a smooth transition to the new name, ICON Credit Union, and appreciate your patience as we complete the process. Be assured that this is a name change that was initiated by Idahy, and is not due to a merger or any regulatory action. Your credit union continues to remain strong and is still one of the top-performing credit unions amongst its peers nationwide. Each of our members will continue to receive the same great personal service and products that they always have—in fact, it is our goal to increase your level of satisfaction as we move forward.

We appreciate your business and look forward to moving into the new decade with our exciting new name and look. Welcome to ICON Credit Union!

View the articles which announce the upcoming name change.

View the FAQs regarding the transition to ICON Credit Union.