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Own Your Money: Join and Use a Credit Union!
Welcome! Isabella Community Credit Union (ICCU) is proud to be a full-service, member-owned financial cooperative specializing in service to its member-owners.
Credit Union members use the credit union for saving money and borrowing. Since 1958, ICCU is community focused and owned by its members. Credit Unions are unique financial institutions in that they are member-owned, not-for-profit and volunteer driven. Banks are FOR profit and operate to make money.
ICCU is constantly looking for ways to provide more, while keeping costs down. From excellent rates on loans and low-fee mortgages to free checking and small business accounts, offering exceptional value.
Since 1958, ICCU has been making dreams a reality for its members with consistently straight-forward, inexpensive, quality services. At ICCU, you don’t have to read between the lines. We dare you to compare. ICCU really does offer the best value in financial services in the area.
A group of school employees founded what was originally called, "School Employees of Isabella County Credit Union (SEICCU)" on February 10, 1958, at the Mount Pleasant High School. That first year, the credit union had 82 members and $4,900 in assets. The credit union was the first financial cooperative in Isabella County, MI.
Now known by Isabella Community Credit Union (ICCU), ICCU has expanded its charter to include Isabella County and and the counties immediately surrounding Isabella. Since that time, ICCU has grown to nearly 16,000 members and $92 million in assets, while continuing to serve the Mt. Pleasant educational community.
|1958||SEICCU -- School Employees of Isabella County Credit Union founded • 82 members, $4,900 in assets.|
|1964||Office moved to board member Isabel Catlett's kitchen on Lansing Street • 447 members, $126,000 in assets.|
|1966||IGECU -- Name changed to Isabella Governmental Employee Credit Union • 639 members, $227,000 in assets.|
|1967||862 member-owners • $317,804 in assets • $297,508 distributed in loans to members.|
|1973||2,521 member-owners $2.1 million in assets • $1,98 million distributed in loans to members.|
|1975||IECU -- Name change to Isabella Employees Credit Union • 3,747 members, $3.3 million in assets • Applied for and received a community charter (to expand the credit unions field of membership).|
|1976||First checking account product offered to members called a "share draft" account.|
|1977||5,809 member-owners • $6.2 million in assets • $5.7 million distributed in loans to members. • Location change to 2770 West High Street (West M20) • Building purchased in March|
|1980||8,670 member-owners • $9.5 million in assets • $7.1 million distributed in loans to members • Second Mt. Pleasant location opened at 210 South Mission Street.|
|1982||Merged with Clare Governmental Employees Credit Union • Office closed in 1989, continue to serve Clare area.|
|1984||ICCU -- Name change to Isabella Community Credit Union (ICCU) • 10,200 members, $13.7 million in assets.|
|1985||15,535 member-owners • $18.3 million in assets • $11.9 million distributed in loans to members. Planned|
|1987||Isabella Community Credit Union grows to 17,912 members and $25.9 million in assets.|
|1992||Al Abraham hired as CEO in August. Mr. Abraham resigned on 11/1/1998.|
|1993||Data processing conversion from GEAC to CU Processing, allowing on-line, real time transactions.|
|1998||Membership approves merger with Morbark Employees Credit Union on June 3, 1998.|
|1999||Fred Schuster hired as CEO in February. Mr. Schuster resigned on 9/28/01. Planned reduction in inactive accounts (due to state escheat laws).|
|2002||Jay Anders hired as President/CEO and comes to ICCU with extensive credit union management experience.|
|2003||Data processing conversion from CGI (CU Processing) to CU*Answers. Project finalized on May 22, 2004.|
|2004||13,745 member-owners • $48.6 million in assets • $26.3 million distributed in loans to members.|
|2005||First Student-Run Credit Union at the Mt. Pleasant High School opens serving students, teachers, facility & staff.|
|2006||Expanded field of membership approved. Charter changed to serve Clare, Gladwin, Gratiot, Midland, Montcalm, Mecosta and Osceola counties in addition to Isabella County.|
|2007||July 10th - Groundbreaking ceremony held for new main office on Isabella Road in Mt. Pleasant, MI.|
|2008||February 19th - ICCU's new state-of-the-art new main office opens at 2400 S. Isabella Road.|
|2008||14,129 member-owners • $62.8 million in assets • $44 million distributed in loans to members • May 7th - Grand Opening Celebration for ICCU's new main office at 2400 South Isabella Road in Mt. Pleasant, MI.|
|2008||November - ICCU does not have a single 1st mortgage loan in default; mortgage crisis looms. ICCU is safe!|
|2009||Five star rating from Bauer Financial. Assets = $62 million • 14,600 members.|
14,728 member owners • Assets = $69 million • Housing/financial crisis continues. ICCU remains safe and sound. Benefits Plus Checking introduced offering local merchant discounts • Mobile banking introduced.
|2011||ICCU receives high ratings for safety and soundness during (continued) state and national financial crisis. Money available to lend at record low rates. Announcement of new downtown office made in October.|
|2012||New downtown branch at the corner of Broadway & Main opened on January 2nd, bringing ICCU's Mt. Pleasant locations to four (Isabella, West M20, Student-Run CU at MPHS and Downtown). Assets = $89 million.|
Why We Do What We Do: Credit Union Philosophy
Isabella Community Credit Union (ICCU) has always looked out for the best interest of its member-owners.
This is done in many ways, like all cooperatives by turning the profits (earnings) of the credit union back to its members in the form of lower fees and service charges, and competitive interest rates. In addition, a full range of financial services offering the latest technology is made available at little or no cost to ICCU members.
As a not-for-profit financial cooperative, ICCU is in business for its member-owners. As a result, ICCU members receive some of the best service, rates and products available - at the lowest cost.
In true credit union fashion, ICCU led the way to bring FREE checking to the Mount Pleasant area. In 2010, Benefits Plus Checking was added, combining money saving discounts with a local merchant component to support the communities in which we do business.
With great loan rates, low fees, and a full range of financial services, including free online and mobile banking combined with online bill payment, it is easy to understand why ICCU believes the smartest consumers are credit union members!
You must be a member-owner to take advantage of the outstanding financial products and services offered by Isabella Community Credit Union. All it takes is $5.00 to open a share-savings account. Visit your local ICCU office and start experiencing the credit union difference today. You'll be glad you did!
To qualify for membership in Isabella Community Credit Union, you must meet ICCU's field of membership requirements.
If you live or work in Isabella, Osceola, Clare, Gladwin, Midland, Gratiot, Montcalm and Mecosta Counties in Michigan you are eligible to join ICCU.
Also, if you are a relative of a current ICCU member, you qualify for membership in Isabella Community Credit Union.
"ICCU has top-notch customer (member) service. We enjoy working with you!"
"The West M20 Office staff is out of this world -- and we appreciate the service"
"ICCU has renewed my spirit in community. Seeing you at the Isabella County Youth & Farm Fair was wonderful. You were kind and compassionate with the young people. We are considering bringing our (bank) accounts to ICCU."
"Thank you Sue for helping me with my account. Your help is one of the reasons I stay with a credit union. Keep up the great member service! - Thank you -- Daisi -- a happy ICCU member."
"We would like to say that if I ever return to Michigan, I would return to ICCU because of the staff and the way the members are treated with respect...and the family treatment I received from everyone I came in contact with at ICCU. I was very pleased with the credit union in every way possible."
"My loan was ready before my new car. Great service, thanks ICCU!"
"I have been with ICCU for 14 years, and have tried other places to see what they have to offer. I am glad I stuck with ICCU because the staff is always friendly and you have a strong commitment to serving members, unilike any other I've seen." ~ Christoper F.
Click here for an ICCU employment application -- PDF. Or, visit any ICCU office for an application.
Click to read the required two page "Summary of Your Rights Under the Fair Credit Reporting Act."
Note: Due to the personal information collected, we ask that you please bring your application in to an ICCU office and/or mail it to Human Resources for consideration.
Each quarter, a (non-management) ICCU employee is chosen for the prestigeous "Above & Beyond Award" in service to member owners and the ICCU team. Nominations are accepted from members, employees and ICCU business partners each quarter. The nominations are read aloud at the staff meeting in which the employee winner is announced.
How to Nonimate an Employee: You are invited to nominate an ICCU employee that you see or experience going "Above & Beyond." Click here for an ICCU Above & Beyond nomination form.
ICCU Recipients: Each of the employee winners listed received recognition by their co-workers, a certificate of appreciation, a $50 VISA gift card, and a quality parking space.
Congratulations to ICCU's most recent "Above and Beyond" winner:
Stephen L. (pictured with CEO Jay Anders-Left)