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5103 Madison Ave
Indianapolis, IN 46227-4239

Indiana Members Credit Union is headquartered in Indianapolis and is the 2nd largest credit union in the state of Indiana. It is also the 131st largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 260 employees and 113,024 members. Indiana Members Credit Union's savings rates are 3X the national average, and it has a A health rating.

Field of Membership Restrictions

Joining is as easy as stopping by one of our conveniently located branches, or you may join online with our enrollment form. The enrollment form has check boxes for eligibility via residence, employer or relative. - See Details

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Reviews (6)

Horrible Service

I know a person who took out a $1,000 loan and used his truck as collateral. He was $48 past due and the repo'd his truck, demanded the bal of $958 immediately, charged $300 repo fee, $50 key fee and $150 retrieval fee for the repo company.  Although they were "legally" within their rights, this was morally wrong. The person rec'd a late fee notice dated 3-25 with no mention on repo and the car was taken on 3-30.  I am taking every opportunity to let people know how they treat their customers.  So far I've told people in the Beauty Salon, the grocery store, the dr's office and anybody else who would listen. Their goal is to make money off the repo's. If the loan and gone to term they would have only made $69 in interest.  With the economy being what it is, this is just another way for them to make more money!!!!!

Bad Loan Option

I think this site pretty much says it all:

Too many options, go someplace (anyplace) else.

Member For Over 30 Years

Yep, that's right, a member for over 30 years.  That should tell you that I'm very much satisfied with the service I've received as well as how I'm treated with the many loans I've gotten through IMCU.  What the other review about the repo'd truck doesn't say is how late the person was in repaying the loan.  I find it very difficult to believe they took his truck for 48 bucks.  Come on, really???  NO bank wants your truck or car or house for that matter.  I would recommend to ANYONE to join IMCU over a traditional bank.  Far and away a better choice. 

Don't Bank Here

I've been with IMCU for 5 years now and I've hated it. My parents set it up for me which I was in High School and so that's why I've stuck with them so long.

Their hours are terrible. Close at 4? So in other words you don't want to work with your clients. Branch locations are few and far and few between. And the worst part of all, they're website is ALWAYS down. I'm not joking about this last issue, I am talking at least 60% of the time I try to check my account, their website is down.

I'm leaving this bank immediately, such a frustration.


Not only did I call this bank and left a message on their answering machine to call me back, it has been three days and they still haven't called. In order to get my "good" interest rate of 1.5% on my car loan, I had to get "their" special savings account so that I can start this process....
Step 1: Transfer money from my savings account to their special savings account
Step 2: Wait three days for that money to hit their account
Step 3: Transfer the money from the special savings account to my actual loan
This is a 3 DAY PROCESS every month. Not only that, but I called last month to change the date of when my bill would be due and they DID NOT DO IT and then proceeded to charge me $164.48 in late fees. If they do not call me back TOMORROW, I am transferring my loan and I do not care what interest rate I have to deal with so I do not have to deal with their nonsense anymore.
Did I mention that starting July 1st, 2014 if they have to send paper in the mail they charge you $2? Oh but wait they mention you can change this setting in NetTeller. EXCEPT YOU CAN'T. I have spent 2 hours looking for this magical button I need to press so that I stop receiving paper statements BUT IT DOESN'T EXIST.

Worst Place Ever!

I went to IMCC to start an account and get some papers notarized. She wouldn't notarize it she said because she said I didn't have an account with them. Keep in mind I had a large check and was going to start an account with them. She declined to notarize it again. I left and went to their competitor. They were very happy to have me for their customer.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Indiana Members Credit Union had $321,000 in non-current loans and owned real-estate with $159.48 million in equity and loan loss allowances on hand to cover it. This gives Indiana Members Credit Union a Texas Ratio of 0.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Indiana Members Credit Union decreased slightly from 0.22% as of March 31, 2013 to 0.20% as of March 31, 2014, resulting in a positive change of 10.44%.This indicates that the balance sheet and financial strength for Indiana Members Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Indiana Members Credit Union has increased its total deposits by $29.04 million, resulting in 2.31% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Indiana Members Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Indiana Members Credit Union has $1.46 billion in assets with $159.48 million in equity, resulting in a capitalization level of 10.91%, which is above average.

Institution Statistics

NCUA #68259
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$1.46 billion
Loans$659.55 million
Deposits$1.29 billion
Equity Capital$155.73 million
Loan Loss Allowance$3.75 million
Unbacked Noncurrent Loans$321,000
Real Estate Owned$0
Historic Data - March 2013
Assets$1.43 billion
Equity Capital$147.91 million
Loan Loss Allowance$3.37 million
Unbacked Noncurrent Loans$321,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.82%
Return on Assets0.36%
Return on Equity3.42%
Interest Income$7.71 million

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Indiana Members Credit Union Savings Account Rates

1.50%--Health Savings Account
0.20%--IRA Savings
0.20%--Roth IRA Savings
0.20%--Coverdell Education Savings Account
0.10%$50-Savings Account
0.10%--Christmas Club Account

Indiana Members Credit Union Money Market Rates

0.20%$20k-Money Market

Indiana Members Credit Union Checking Account Rates

0.05%$1k-Preferred Checking Account

Indiana Members Credit Union CD Rates

2.00%$1k-84 Month CD
1.40%$1k-60 Month CD
1.00%$1k-48 Month CD
0.70%$1k-36 Month CD
0.45%$1k-24 Month CD
0.25%$1k-12 Month CD
0.15%$1k-6 Month CD

Indiana Members Credit Union IRA Rates

2.00%$1k-84 Month IRA
1.40%$1k-60 Month IRA
1.00%$1k-48 Month IRA
0.70%$1k-36 Month IRA
0.45%$1k-24 Month IRA
0.25%$1k-12 Month IRA
0.15%$1k-6 Month IRA

Indiana Members Credit Union has 26 locations. Click to view all Indiana Members Credit Union locations.