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ICCU and TOPCU Begin Merger Discussions: An Exciting Future Ahead

Welcome to the official merger webpage for Idaho Central Credit Union (ICCU) and Tucson Old Pueblo Credit Union (TOPCU). We are excited to share that both credit unions have entered discussions to create a stronger, united organization dedicated to enhancing community engagement and member opportunities across Arizona, Idaho, and Washington.

What This Means for You

TOPCU members can look forward to an expanded range of financial products and services, backed by ICCU’s extensive network of over 60 branches across three states. Our combined efforts will ensure continued local leadership and community reinvestment, bringing new and enhanced opportunities to better serve the financial needs of Tucson residents.

A Message from Our Leadership

Brenda Worrell, ICCU CEO:
“ICCU is very excited by the opportunity to expand our membership, branch, and team member network through a merger with TOPCU. A combined organization would maintain local leadership, increase community investment, and enhance opportunities to serve Tucson residents through a broader range of financial products and services.”
Vern Babilon, TOPCU CEO:
“For nearly 90 years, TOPCU has served Tucson with unwavering commitment. By merging with ICCU, we will strengthen that legacy while giving our members access to an even broader range of services and opportunities.”

Next Steps: Member Vote

TOPCU members will have the opportunity to vote on the merger between November and January. We strongly encourage a YES vote as it will bring valuable benefits to you and our Tucson community. By voting YES, you are supporting the expansion of financial products, increased community investment, and more opportunities for our local team members. CEO Advisory Group has served as the financial advisor throughout this process, ensuring the best possible outcomes for both organizations.

Here are three key benefits members can look forward to if the merger is approved:

1. Improved Technology: ICCU brings advanced banking technologies, including more mobile app features, making managing your finances easier and more convenient.
2. Rates & Fees: By combining our organizations, we will be able to offer more competitive rates and overall lower fees, improving your financial experience.
3. Convenient Access & Additional Products: You will gain access to over 60 branches across three states in addition to face-to-face VideoChat services which allow you to open new accounts, perform account transactions, and much more. ICCU also offers a wider array of financial products, while still providing the same cheerful, personalized service you’ve come to expect from TOPCU.

Be sure to participate in this important decision to help shape the future of your credit union.

If the merger is approved, the official consolidation is expected to take place in February 2025, bringing together the best of both organizations to serve nearly 700,000 members.

Stay Informed

We will continue to update this page with the latest information. Please check back regularly for updates on the merger process, upcoming events, and how this exciting change will shape the future of your credit union.

For any immediate questions, feel free to contact our team at (520) 918-0423 or email David Garcia, Marketing Director, at dgarcia@topcu.org.

About Tucson Old Pueblo Credit Union (TOPCU)
TOPCU has been proudly serving Tucson since 1935, with roots deeply connected to Tucson’s firefighters and City employees. Our mission has always been to provide financial stability, education, and access to the Tucson community. Today, we serve over 18,000 members with more than $209 million in assets.

About Idaho Central Credit Union (ICCU)
Founded in 1940, ICCU has grown into one of the top-rated credit unions in the nation. With over $11 billion in assets and more than 650,000 members, ICCU offers a comprehensive range of financial products, including personal and business banking, mortgage services, and wealth management.

For more information about ICCU, please visit ICCU.com.

✦ Stay tuned for more updates as we move forward together!

FAQs:

Tucson Old Pueblo Credit Union opened its doors in 1935. Through the years, TOPCU has expanded services and our field of membership to serve the greater Tucson community.

Why should I vote in favor of the merger between TOPCU and ICCU?

The TOPCU Board of Directors chose ICCU because they believe ICCU is the best fit for the needs of the members, the credit union, team members, and the community. TOPCU and ICCU have a shared culture of serving our members and our communities. By merging the two credit unions, we will reinforce our mission, maintain local staff, increase community investment, and bring a broader range of financial products and services to our members.

How does this merger impact the Tucson community?

TOPCU has long served both the financial and philanthropic needs of our communities. If the merger is approved, ICCU is excited to engage with Tucson nonprofits in an even bigger way. Serving the community is at the core of ICCU’s mission, and ICCU is committed to significantly increasing its investment in Tucson. Over the next five years, ICCU has pledged $1 million to substantially enhance the credit union’s support of local nonprofits and community initiatives.

How does this merger impact TOPCU members?

ICCU is committed to making this transition as seamless as possible for TOPCU members. As a result of the merger, TOPCU members will have access to more financial products, services, and technologies, including VideoChat, Tap & Go Visa cards, CardControl, and much more. ICCU plans to expand its branch network to increase convenience for local members. Further plans will be explored as we progress through the merger.

Will I see the same staff after the merger?

Members can look forward to being served by the same local staff they know and trust today. ICCU’s goal is to retain all team members and provide career growth opportunities within the organization

Will the TOPCU branch locations remain open?

Yes, the existing TOPCU branches will remain open. ICCU plans to look for additional branch opportunities in the future.

When is the merger expected to be complete?

If approved, the legal merger will be finalized in February 2025. After the legal merger is official, we will work on providing a seamless transition of TOPCU members’ financial services and complete the operational merger in September 2025.