Our Rich History

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.

Today, we are proud of our 80-year legacy of supporting teachers. In 1936, it was 13 teachers pulling together to support each other. Now, we are 62,000 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.

A Financial Cooperative

CapEd is a financial cooperative, owned and operated by its members.

This is what distinguishes Credit Unions from other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, loan income is returned to all members in the form of dividends and comprehensive financial services.

Board of Directors

CapEd is governed by a Board of Directors that establishes and reviews policy.

The Directors are Credit Union members who are elected by the Membership and serve without pay. Every member has one vote, regardless of how much he or she has on deposit. At the Credit Union, there is no select group of shareholders that profits more than anyone else. All Members profit — individually and collectively.


CapEd is a federally-chartered credit union, organized under strict regulatory laws that are monitored and enforced by the National Credit Union Administration, an agency of the U.S. Government. The NCUA insures each member account to at least $250,000 and each separate IRA account up to $250,000.

Statement of Accounts as of: 01/31/2016

TOTAL ASSETS $501,365,873
TOTAL SHARES $454,701,802
TOTAL LOANS $442,467,486
MEMBERS 62,055

2016 Annual Report

Annual Report 2016


Download The Report


Since 1936, when we were founded as the Boise Teachers Federal Credit Union, our members have enjoyed many financial benefits of membership. Are you ready to benefit from a CapEd membership? Almost anyone can join!

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