Our Rich History
We’re proud of our 81-year legacy of supporting teachers. In 1936, it was a handful of teachers pulling together to support each other. Now, we are 65,000 strong, supporting teachers throughout Idaho. Through both the Idaho CapEd Foundation and WeLoveTeachers.org, we work together to support education as we seek to touch lives by financially empowering, educating and enriching individuals and communities.
CapEd has a rich history of serving our members. Our history started on February 1, 1936 when thirteen teachers joined together to start Boise Teachers Federal Credit Union. This was just two years after the Federal Credit Union Act was signed by President Franklin Delano Roosevelt during the Great Depression. By the end of the first year, the fledgling Credit Union had a total of $610 in loans and $596 in deposits. Much has changed over the years.
On March 14, 1972, Boise Teachers Credit Union merged with Meridian Teachers Credit Union to form Capital Educators Federal Credit Union. A few years later, the first branch was built on Thunderbolt Drive in Boise. The next merger came on June 13, 2005 when CapEd welcomed Canyon Teachers Credit Union. It was in 2008 that the company name of “CapEd Credit Union” was adopted to market the growing Credit Union.
Another important change came in 2012 when the Idaho CapEd Foundation was established and the Credit Union’s charter was changed to a Trade, Industry or Profession (TIP) Charter. Through this change, virtually anyone can join CapEd Credit Union.
With our 80-year foundation and commitment to our community, we welcome individual and business members to join us in our passion of supporting education.