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Idaho-based Icon CU to merge with Washington-based Horizon CU

Boise, Idaho-based Icon CU plans to merge with Spokane Valley, Wash.-based Horizon CU.

The combined credit union will have more than $1.5 billion in assets and 28 branch locations across Idaho, Oregon, Montana and Washington. The deal is expected to be completed in 2020.

Horizon CU President and CEO Jeff Adams will be president and CEO of the combined credit union, while Icon CU President and CEO Connie Miller will be regional president. Two Icon CU directors will transition to the ongoing board. No Icon CU or Horizon CU employees will lose their jobs as a result of the merger.

All branch locations will remain open, and both Icon CU and Horizon CU will continue to serve members at their combined 28 branch locations as they work to fully integrate their systems in 2020.