Question 1

What is Capital Educators Federal Credit Union?

Accepted Answer

Capital Educators Federal Credit Union, known as CapEd Credit Union, is a member-owned, not-for-profit financial cooperative serving communities throughout Idaho's Treasure and Magic Valleys. Headquartered in Meridian, the credit union manages over $1.5 billion in assets and serves approximately 101,000 members. Founded by educators and deeply rooted in supporting the teaching profession, CapEd has evolved into Idaho's go-to financial institution for individuals and families from all walks of life, offering comprehensive personal and business banking services with a commitment to quality education, financial empowerment, and community enrichment.

Question 2

When was Capital Educators Federal Credit Union founded?

Accepted Answer

Capital Educators Federal Credit Union traces its origins to February 1, 1936, when thirteen teachers pooled together their resources to start Boise Teachers Federal Credit Union. This founding occurred just two years after President Franklin Delano Roosevelt signed the Federal Credit Union Act during the Great Depression. By the end of the first year, the fledgling credit union had a modest total of $610 in loans and $596 in deposits.

On March 14, 1972, Boise Teachers Federal Credit Union merged with Meridian Teachers Credit Union to form Capital Educators Federal Credit Union. The next significant merger came on June 13, 2005, when CapEd welcomed Canyon Teachers Credit Union. In 2008, the marketing name "CapEd Credit Union" was officially adopted to reflect the growing institution's broader community focus.

The credit union was incorporated on February 1, 1936, and celebrated its 89th anniversary in 2025, maintaining its founding commitment to supporting educators while serving the broader Idaho community.

Question 3

Where is Capital Educators Federal Credit Union headquartered?

Accepted Answer

Capital Educators Federal Credit Union is headquartered at 275 South Stratford Drive in Meridian, Idaho. The administrative office serves as the hub for the credit union's operations throughout the Treasure and Magic Valleys.

Question 4

Where does Capital Educators Federal Credit Union operate?

Accepted Answer

Capital Educators Federal Credit Union operates throughout Idaho's Treasure and Magic Valleys with multiple branch locations serving communities in Boise, Meridian, and surrounding areas. The credit union has pursued an ambitious expansion strategy, striving to build one branch per year with a target of $150 million in deposits per branch.

While originally founded to serve educators, CapEd now welcomes all residents of its service area. The credit union maintains its historic commitment to the education community while serving approximately 101,000 members from diverse backgrounds throughout Idaho. Membership is available to individuals who live or work in the credit union's defined service area, which includes potential membership of approximately 2 million residents.

Question 5

What services does Capital Educators Federal Credit Union offer?

Accepted Answer

Capital Educators Federal Credit Union offers comprehensive financial products and services:

Personal Banking: Share savings accounts, checking accounts, youth savings programs, money market accounts, certificates of deposit, and individual retirement accounts (IRAs).

Consumer Lending: Mortgage loans, home equity loans and lines of credit, auto loans, personal loans, and credit cards with competitive rates.

Business Banking: Business checking and savings accounts, business loans, commercial vehicle financing, equipment financing, and commercial real estate lending.

Digital Banking: Mobile banking app, online banking platform, financial calculators, and convenient digital tools for 24/7 account access.

Financial Education: Comprehensive financial literacy programs, educational resources, and community workshops focused on empowering members with knowledge for sound financial decisions.

Community Support: Through the Idaho CapEd Foundation and WeLoveTeachers.org, the credit union provides grants to teachers, supports educational initiatives, and partners with community organizations including sponsorship of the renamed Children's Museum of Idaho powered by CapEd.

Question 6

What makes Capital Educators Federal Credit Union unique?

Accepted Answer

Capital Educators Federal Credit Union maintains an unwavering commitment to supporting educators that extends far beyond banking services. The credit union operates the Idaho CapEd Foundation and WeLoveTeachers.org, which provide financial support directly to teachers and educational programs throughout Idaho. This dedication reflects the institution's founding by 13 teachers in 1936 who came together to support each other during the Great Depression.

CapEd has established significant community partnerships, including a major donation to expand the Children's Museum of Idaho, which was renamed the Children's Museum of Idaho powered by CapEd. The credit union also serves as the title sponsor for the YMCA, gaining access to space in the new YMCA building for a branch to serve members in north Boise.

The credit union's EP!C values framework guides its operations: Empowered (knowledgeable and trusted to make decisions), Professional (respectful in creating outstanding experiences), Innovative (seeking new ideas for positive change), and Collaborative (connecting with each other to implement solutions). This people-oriented approach is captured in the CapEd Promise: "To make a difference — every member experience matters."

CapEd's vision focuses on supporting quality education, financial empowerment, and enrichment of individuals and communities, making it a distinctive institution that balances strong financial performance with deep community commitment.

Question 7

What type of financial institution is Capital Educators Federal Credit Union?

Accepted Answer

Capital Educators Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a member-owned financial cooperative, it operates on a not-for-profit basis, focusing on providing superior quality financial services rather than maximizing profits for external shareholders.

The credit union has a multiple common bond charter, primarily educational in nature, though membership has expanded to serve the broader community. CapEd employs 289 full-time employees and 2 part-time employees to serve its membership base. All deposits are federally insured by the NCUA to at least $250,000, providing the same level of protection as FDIC insurance at banks.

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About Capital Educators Federal Credit Union in the United States