Spokane Journal of Business

Idaho Central Credit Union to build second facility in Cd’A

Structure slated to house full-service branch, administrative offices

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-—LCA Architects PA
The planned new Idaho Central Credit Union will have a total of 22,200 square feet of floor space. Construction is expected to be completed in late 2019 or early 2020.

Construction is underway on a new, $8.6 million Idaho Central Credit Union office to be located at 1327 W. Appleway, in Coeur d’Alene, says Michael Wolsten, ICCU’s assistant vice president of North Idaho operations.

The three-story building will have 22,200 square feet of space, says Wolsten. The first floor of the building will be a full-service credit union branch, he says. The third floor will house business and mortgage lenders and other administrative staff.

He says ICCU is still deciding how to use the second floor, but it could be used as space for other commercial tenants.

“Our goal and intention are to grow in Kootenai County,” says Wolsten.

Construction is expected to wrap up in late 2019 or early 2020, he says. J. Addington General Contractors Inc., of Coeur d’Alene, is the contractor, and LCA Architects PA, of Boise, Idaho, is the architect.

“We see (building this structure) as an investment in not only Idaho business but in Kootenai County specifically,” says Wolsten.

ICCU has 45 employees in Kootenai County already, he says.

Headquartered in Chubbuck, Idaho, near Pocatello, ICCU already has three branches in Kootenai County—one in Hayden, at 8760 N. Government Way, one in Post Falls, at 3343 E. Mullan, and one in Coeur d’Alene, at 1410 N. Government Way. The credit union was established in 1940, has 33 branches and about 1,100 employees in Idaho, and 300,000 members, says Wolsten.

As of Dec. 31, ICCU has $3.5 billion in assets, up from $2.8 billion a year earlier, according to the most recent financial statements available that ICCU filed with the National Credit Union Administration. The credit union also had $2.9 billion in total shares and deposits and $3.2 billion in total loans and leases, up from $2.5 billion and $2.5 billion, respectively, in 2016.

ICCU opened its first North Idaho branch in Coeur d’Alene in June 2015.

Samantha Peone
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Reporter Samantha Peone joined the Journal in 2015 as research coordinator before later transitioning into a reporter role. She covers real estate and construction.

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