ICCU in the Classroom
A Brief History of Isabella Community Credit Union
Founded in 1958: 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.
Since that time, the credit union, now known as Isabella Community Credit Union (ICCU), has expanded its charter to include all of Isabella County and the surrounding area. ICCU has grown to nearly 14,800 members and $81 million in assets, serving eight counties, including the Mt. Pleasant educational community.
ICCU Highlights
| 1958 | School Employees of Isabella County Credit Union (SEICCU) 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 | Name changed to Isabella Governmental Employee Credit Union (IGECU) • 639 members, $227,000 in assets. |
| 1975 | Name changed to Isabella Employees Credit Union (IECU) • 3,747 members, $3,351,000 in assets. |
| 1976 | First checking account product offered to members called a "share draft" account. |
| 1977 | IECU opened new office at 2770 West High Street (Remus Road), which is now ICCU's branch office. |
| 1980 | 210 South Mission Street branch location opens for service • 8,200 members, $9.4 million in assets. |
| 1982 | Merged with Clare Governmental Employees Credit Union, expanding service to the Clare area. |
| 1984 | Name change to: Isabella Community Credit Union (ICCU) • 10,200 members, $13.7 million in assets. |
| 1987 | Isabella Community Credit Union grows to 17,912 members • $25.9 million in assets. |
| 2002 | Jay Anders hired as President/CEO. Membership drops to 15,062 due to intentional inactive account "clean up." |
| 2004 | Serving13,800 members in the mid Michigan area • $49.2 million in assets. |
| 2005 | First Student-Run Credit Union at the Mt. Pleasant High School opens serving students, teachers, facility & staff through a partnership with the Mt. Pleasant Area Technical Center. |
| 2006 | Charter changed to open membership to those living or working in Clare, Gladwin, Gratiot, Midland, Montcalm, Mecosta and Osceola counties. |
| 2007 | July 10: Groundbreaking ceremony for new main office on Isabella Road in Mt. Pleasant, MI. |
| 2008 | February 19: ICCU's new state-of-the-art new main office opens at 2400 S. Isabella Road. |
| 2008 | May 7: Grand Opening Celebration for ICCU's new main office at 2400 South Isabella Road. |
| 2008 | November: ICCU does not have a 1st mortgage loan in default; mortgage crisis looms. ICCU is safe, and lending money. |
| 2009 | ICCU receives a five star safety rating from Bauer Financial. $62 million in assets. |
| 2010 | Financial crisis continues, and ICCU remains safe and sound. Benefits Plus checking introduced. $72 million in assets. |
| 2012 | ICCU returns downtown and opens new branch at the corner of Broadway & Main Street on January 3, 2012. Membership = 14,900. Assets = $84 million. |
