IH Credit Union is headquartered in Springfield and is the 26th largest credit union in the state of Ohio. It is also the 870th largest credit union in the nation. It was established in 1934 and as of June of 2020, it had grown to 51 employees and 23,175 members at 4 locations. IH Credit Union's money market rates are 36% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in IH Credit Union is open to residents of the states of Ohio, Illinois, Michigan or West Virginia through the American Consumer Council. Membership is also open to those who live, work, attend school or worship in Clark, Champaign, Greene, Logan, Madison, Miami, Montgomery or Union Counties in Ohio.
See current membership details
Insurance Change
IH Credit Union is no longer insured by NCUA.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 97104 |
| Year Chartered | 1934 |
| Employees | 51 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 1.53% |
| Annual Interest Income | $5.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $308.7MM$295.6MM |
| Loans | Q2 2020vs Q2 2019 | $166.0MM$187.6MM |
| Deposits | Q2 2020vs Q2 2019 | $205.9MM$191.9MM |
| Equity Capital | Q2 2020vs Q2 2019 | $56.1MM$53.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.9MM$1.9MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.9MM$1.7MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |