Idaho Central CU
Credit union SBA lender: SBA 7(a) up to $5M and Express up to $500K, 9.75% median variable rate, startups OK, lends to members. Best for Idaho and East WA firms.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Idaho and eastern Washington owners, including startups, who want an SBA 7(a) or SBA Express loan from a local credit union and can pledge collateral.
Not for: Businesses that generally fall outside ICCU's membership area, anyone wanting a fixed SBA rate, or owners who need money within days.
Lender List verdict: Idaho Central Credit Union approved 91 SBA 7(a) loans worth $43.6 million in the 12 months to June 2026, at a median 9.75% variable rate, and six in ten went to startups or businesses two years old or younger. Unusually open to startups, but every recent loan was variable, and ICCU makes SBA loans to its members, so expect to join.
Idaho Central Credit Union at a glance
| Idaho Central Credit Union (ICCU) | |
|---|---|
| Lender type | Member-owned, NCUA-insured credit union; SBA Preferred and Express lender |
| Founded | 1940 (Boise, Idaho) |
| HQ | Chubbuck, Idaho |
| Parent/owner | None — member-owned credit union (over $14.8 billion in assets, 769,000+ members) |
| Products | SBA 7(a) up to $5 million, SBA Express, SBA 504; business term loans, lines of credit, CRE |
| Amounts | $20,000 to $3,205,000 (SBA 7(a) approvals, last 12 months) |
| Cost (headline) | 9.75% median variable starting rate |
| Term | 84 to 312 months; 120 months most common |
| Funding speed | SBA loans typically take 30 to 90 days |
| Status | Active |
What is Idaho Central Credit Union?
Idaho Central Credit Union is an 86-year-old credit union, chartered in Boise in 1940 and run today from Chubbuck, Idaho, that makes SBA loans to member businesses in Idaho, eastern Washington and parts of Oregon and Arizona. It reports more than $14.8 billion in assets and over 769,000 members.
It also offers fixed-rate business term loans, lines of credit, and commercial real estate and vehicle loans. Its business Visa card adds a revolving option for everyday spending. It is expanding into Washington, opening Kennewick, Richland and Pasco branches between November 2025 and September 2026.
Who can borrow: ICCU membership
ICCU makes SBA loans to its members, so expect to join. Eligible businesses include any Idaho organization (with or without employees) and organizations in Washington school districts, five eastern Oregon counties (Baker, Malheur, Umatilla, Union, Wallowa) and seven southern Arizona counties, including Pima and Yuma. Joining costs $30: a $25 ownership share plus a $5 one-time fee.
Idaho Central Credit Union's SBA programs
ICCU offers SBA 7(a), SBA Express and SBA 504 loans, with a median 7(a) approval of $250,000 (average $479,105) over the last 12 months; approvals nearly doubled from 54 in FY2024 to 102 in FY2025.
- Preferred Lender: ICCU holds SBA Preferred Lending and Express Lender status, so it approves loans in-house; 61 of its last 91 approvals ran through the Preferred Lenders Program.
- SBA Express: 29 of the last 91 approvals were Express loans, capped at $500,000.
- 7(a): up to $5 million for buying real estate or a business, expansion, tenant improvements, equipment, refinancing and working capital; ICCU advertises up to 90% financing.
- 504: offered, but ICCU publishes no 504 amounts or terms; ask ICCU which local CDC it partners with.
Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov); ICCU SBA page.
How an ICCU SBA loan works
An ICCU SBA loan is a monthly, fully amortizing loan with a variable rate; all 91 approvals in the past year were variable.
- Term: 84 to 312 months; 120 months (43 of 91 loans), 84 months (24) and 300 months (7; SBA allows 25 years for real estate)
- Collateral: pledged on every loan in the last 12 months
- Application: through a business loan officer; no online application
Idaho Central Credit Union SBA rates and fees
ICCU's SBA 7(a) loans carried a median variable starting rate of 9.75% over the 12 months to June 2026, or 2.75 points above today's 7.00% Prime. Rates ranged from 7.75% to 11.5%; loans above $350,000 had a 9.25% median. ICCU posts no SBA rates.
- SBA guaranty fee: 3% of the guaranteed share on $150,001 to $700,000; 2% at $150,000 or less; often financed
- Prepayment fee: only on terms of 15 years or more, if you prepay 25% or more in the first three years (5%, 3%, 1%)
- Bank fees: ICCU does not publish closing or packaging fees
Worked example: a $350,000, 10-year loan at 9.75% costs $4,576.96 a month, or $199,235.02 in interest over 120 payments if the rate holds. The $7,875 guaranty fee lifts the APR to about 10.29%. SBA caps this loan size at 11.5% (Prime + 4.5); because the rate is variable, the payment moves with Prime.
Idaho Central Credit Union requirements
ICCU publishes no credit-score, revenue or time-in-business minimum; it underwrites each SBA loan in-house.
| Requirement | ICCU minimum |
|---|---|
| Membership | ICCU lends SBA loans to members; $30 to join |
| Credit score | Lender does not publish |
| Time in business | None published; 27 startups funded in the last 12 months |
| Equity / down payment | Up to 90% financing; 10%+ equity for startups and acquisitions (SBA rule) |
| Collateral / guarantee | Collateral on all recent loans; guarantee from 20%+ owners |
| Size standard | Must meet SBA size standards |
Pros and cons
Pros
- Strongly startup-friendly: 55 of 91 recent loans went to startups or businesses two years old or younger
- Preferred and Express lender status speeds approval
- Express loans to $500,000 and 7(a) loans to $5 million
- One charge-off among 145 SBA 7(a) loans approved FY2020 to FY2023 (newer loans are too young to judge)
- Loan payments reported to business credit bureaus
Cons
- Membership area limits who can apply
- No fixed-rate SBA option in the last 12 months of approvals
- Variable rates mean payments can rise with Prime
- No published rates, fees or online application
- Collateral required on every recent loan
Idaho Central Credit Union alternatives on Lender List
- Milestone Bank — Utah SBA lender for larger loans, $500,000 to $5 million
- iBusiness Funding — national SBA 7(a) platform up to $5,000,000, min FICO 640
- Lendistry — SBA 7(a) loans from $10,000 with a 620 credit floor
- Browse all SBA 7(a) loans and SBA Express loans on Lender List
Frequently asked questions about Idaho Central Credit Union
Is Idaho Central Credit Union Legit? Yes. ICCU has operated since 1940, is federally insured by the NCUA, holds SBA Preferred and Express lender status, and reports more than $14.8 billion in assets. SBA data shows one charge-off among the 145 SBA 7(a) loans it approved from FY2020 through FY2023.
Does Idaho Central Credit Union Offer SBA Loans? Yes. ICCU offers SBA 7(a) loans up to $5 million, SBA Express loans up to $500,000, and SBA 504 loans. It approved 91 SBA 7(a) loans worth $43.6 million in the 12 months to June 2026, mostly for Idaho and Washington businesses.
What Are Idaho Central Credit Union's SBA Loan Rates? The median was 9.75% variable over the 12 months to June 2026, with a range of 7.75% to 11.5%. ICCU does not post SBA rates, so your quote depends on loan size and credit; SBA caps variable rates at Prime + 3.0 to Prime + 6.5, depending on loan size.
Do I Need to Be an Idaho Central Credit Union Member? Generally, yes. ICCU says SBA approval lets it make small business loans to its members, so expect to join. Membership opens to organizations in Idaho, Washington school districts, five eastern Oregon counties and seven southern Arizona counties. Joining takes a $25 ownership share plus a $5 one-time fee.
Does Idaho Central Credit Union Offer Business Term Loans? Yes. Outside the SBA program, ICCU offers business term loans of up to 10 years at fixed rates for machinery, equipment and vehicles, plus business lines of credit, commercial construction and commercial real estate loans. Amounts and rates are not published; you apply through a business loan officer.
Does Idaho Central Credit Union Offer Microloans? No SBA Microloan program appears among ICCU's business loans. Small borrowers can still use SBA 7(a) or Express: its smallest SBA 7(a) loan since FY2020 was $10,000, recent approvals started at $20,000, and SBA Express loans run up to $500,000.
How Long Does Idaho Central Credit Union Take to Close an SBA Loan? Expect several weeks; SBA loans typically take 30 to 90 days from application to funding. As a Preferred and Express lender, ICCU skips the 5 to 10 business-day SBA review; 61 of its last 91 approvals were Preferred and 29 were Express. Appraisals and closing still take time.
Does Idaho Central Credit Union Lend to Startups? Yes. In the 12 months to June 2026, 27 of ICCU's 91 SBA 7(a) approvals funded businesses that had not yet opened, and 28 more went to firms two years old or younger. Expect at least 10% equity, collateral and a personal guarantee.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Idaho and eastern Washington owners, including startups, who want an SBA 7(a) or SBA Express loan from a local credit union and can pledge collateral.
Not for: Businesses that generally fall outside ICCU's membership area, anyone wanting a fixed SBA rate, or owners who need money within days.
Lender List verdict: Idaho Central Credit Union approved 91 SBA 7(a) loans worth $43.6 million in the 12 months to June 2026, at a median 9.75% variable rate, and six in ten went to startups or businesses two years old or younger. Unusually open to startups, but every recent loan was variable, and ICCU makes SBA loans to its members, so expect to join.
Idaho Central Credit Union at a glance
| Idaho Central Credit Union (ICCU) | |
|---|---|
| Lender type | Member-owned, NCUA-insured credit union; SBA Preferred and Express lender |
| Founded | 1940 (Boise, Idaho) |
| HQ | Chubbuck, Idaho |
| Parent/owner | None — member-owned credit union (over $14.8 billion in assets, 769,000+ members) |
| Products | SBA 7(a) up to $5 million, SBA Express, SBA 504; business term loans, lines of credit, CRE |
| Amounts | $20,000 to $3,205,000 (SBA 7(a) approvals, last 12 months) |
| Cost (headline) | 9.75% median variable starting rate |
| Term | 84 to 312 months; 120 months most common |
| Funding speed | SBA loans typically take 30 to 90 days |
| Status | Active |
What is Idaho Central Credit Union?
Idaho Central Credit Union is an 86-year-old credit union, chartered in Boise in 1940 and run today from Chubbuck, Idaho, that makes SBA loans to member businesses in Idaho, eastern Washington and parts of Oregon and Arizona. It reports more than $14.8 billion in assets and over 769,000 members.
It also offers fixed-rate business term loans, lines of credit, and commercial real estate and vehicle loans. Its business Visa card adds a revolving option for everyday spending. It is expanding into Washington, opening Kennewick, Richland and Pasco branches between November 2025 and September 2026.
Who can borrow: ICCU membership
ICCU makes SBA loans to its members, so expect to join. Eligible businesses include any Idaho organization (with or without employees) and organizations in Washington school districts, five eastern Oregon counties (Baker, Malheur, Umatilla, Union, Wallowa) and seven southern Arizona counties, including Pima and Yuma. Joining costs $30: a $25 ownership share plus a $5 one-time fee.
Idaho Central Credit Union's SBA programs
ICCU offers SBA 7(a), SBA Express and SBA 504 loans, with a median 7(a) approval of $250,000 (average $479,105) over the last 12 months; approvals nearly doubled from 54 in FY2024 to 102 in FY2025.
- Preferred Lender: ICCU holds SBA Preferred Lending and Express Lender status, so it approves loans in-house; 61 of its last 91 approvals ran through the Preferred Lenders Program.
- SBA Express: 29 of the last 91 approvals were Express loans, capped at $500,000.
- 7(a): up to $5 million for buying real estate or a business, expansion, tenant improvements, equipment, refinancing and working capital; ICCU advertises up to 90% financing.
- 504: offered, but ICCU publishes no 504 amounts or terms; ask ICCU which local CDC it partners with.
Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov); ICCU SBA page.
How an ICCU SBA loan works
An ICCU SBA loan is a monthly, fully amortizing loan with a variable rate; all 91 approvals in the past year were variable.
- Term: 84 to 312 months; 120 months (43 of 91 loans), 84 months (24) and 300 months (7; SBA allows 25 years for real estate)
- Collateral: pledged on every loan in the last 12 months
- Application: through a business loan officer; no online application
Idaho Central Credit Union SBA rates and fees
ICCU's SBA 7(a) loans carried a median variable starting rate of 9.75% over the 12 months to June 2026, or 2.75 points above today's 7.00% Prime. Rates ranged from 7.75% to 11.5%; loans above $350,000 had a 9.25% median. ICCU posts no SBA rates.
- SBA guaranty fee: 3% of the guaranteed share on $150,001 to $700,000; 2% at $150,000 or less; often financed
- Prepayment fee: only on terms of 15 years or more, if you prepay 25% or more in the first three years (5%, 3%, 1%)
- Bank fees: ICCU does not publish closing or packaging fees
Worked example: a $350,000, 10-year loan at 9.75% costs $4,576.96 a month, or $199,235.02 in interest over 120 payments if the rate holds. The $7,875 guaranty fee lifts the APR to about 10.29%. SBA caps this loan size at 11.5% (Prime + 4.5); because the rate is variable, the payment moves with Prime.
Idaho Central Credit Union requirements
ICCU publishes no credit-score, revenue or time-in-business minimum; it underwrites each SBA loan in-house.
| Requirement | ICCU minimum |
|---|---|
| Membership | ICCU lends SBA loans to members; $30 to join |
| Credit score | Lender does not publish |
| Time in business | None published; 27 startups funded in the last 12 months |
| Equity / down payment | Up to 90% financing; 10%+ equity for startups and acquisitions (SBA rule) |
| Collateral / guarantee | Collateral on all recent loans; guarantee from 20%+ owners |
| Size standard | Must meet SBA size standards |
Pros and cons
Pros
- Strongly startup-friendly: 55 of 91 recent loans went to startups or businesses two years old or younger
- Preferred and Express lender status speeds approval
- Express loans to $500,000 and 7(a) loans to $5 million
- One charge-off among 145 SBA 7(a) loans approved FY2020 to FY2023 (newer loans are too young to judge)
- Loan payments reported to business credit bureaus
Cons
- Membership area limits who can apply
- No fixed-rate SBA option in the last 12 months of approvals
- Variable rates mean payments can rise with Prime
- No published rates, fees or online application
- Collateral required on every recent loan
Idaho Central Credit Union alternatives on Lender List
- Milestone Bank — Utah SBA lender for larger loans, $500,000 to $5 million
- iBusiness Funding — national SBA 7(a) platform up to $5,000,000, min FICO 640
- Lendistry — SBA 7(a) loans from $10,000 with a 620 credit floor
- Browse all SBA 7(a) loans and SBA Express loans on Lender List
Frequently asked questions about Idaho Central Credit Union
Is Idaho Central Credit Union Legit? Yes. ICCU has operated since 1940, is federally insured by the NCUA, holds SBA Preferred and Express lender status, and reports more than $14.8 billion in assets. SBA data shows one charge-off among the 145 SBA 7(a) loans it approved from FY2020 through FY2023.
Does Idaho Central Credit Union Offer SBA Loans? Yes. ICCU offers SBA 7(a) loans up to $5 million, SBA Express loans up to $500,000, and SBA 504 loans. It approved 91 SBA 7(a) loans worth $43.6 million in the 12 months to June 2026, mostly for Idaho and Washington businesses.
What Are Idaho Central Credit Union's SBA Loan Rates? The median was 9.75% variable over the 12 months to June 2026, with a range of 7.75% to 11.5%. ICCU does not post SBA rates, so your quote depends on loan size and credit; SBA caps variable rates at Prime + 3.0 to Prime + 6.5, depending on loan size.
Do I Need to Be an Idaho Central Credit Union Member? Generally, yes. ICCU says SBA approval lets it make small business loans to its members, so expect to join. Membership opens to organizations in Idaho, Washington school districts, five eastern Oregon counties and seven southern Arizona counties. Joining takes a $25 ownership share plus a $5 one-time fee.
Does Idaho Central Credit Union Offer Business Term Loans? Yes. Outside the SBA program, ICCU offers business term loans of up to 10 years at fixed rates for machinery, equipment and vehicles, plus business lines of credit, commercial construction and commercial real estate loans. Amounts and rates are not published; you apply through a business loan officer.
Does Idaho Central Credit Union Offer Microloans? No SBA Microloan program appears among ICCU's business loans. Small borrowers can still use SBA 7(a) or Express: its smallest SBA 7(a) loan since FY2020 was $10,000, recent approvals started at $20,000, and SBA Express loans run up to $500,000.
How Long Does Idaho Central Credit Union Take to Close an SBA Loan? Expect several weeks; SBA loans typically take 30 to 90 days from application to funding. As a Preferred and Express lender, ICCU skips the 5 to 10 business-day SBA review; 61 of its last 91 approvals were Preferred and 29 were Express. Appraisals and closing still take time.
Does Idaho Central Credit Union Lend to Startups? Yes. In the 12 months to June 2026, 27 of ICCU's 91 SBA 7(a) approvals funded businesses that had not yet opened, and 28 more went to firms two years old or younger. Expect at least 10% equity, collateral and a personal guarantee.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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