Overview / Commentary
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 137th largest credit union in the nation. It was established in 1956 and as of June of 2018, it had grown to 300 employees and 125,163 members at 28 locations. Indiana Members Credit Union's money market rates are 2X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Indiana Members Credit Union is open to the following: (1) those who live or work in Shelby, Scott, Ripley, Morgan, Madison, Johnson, Jennings, Jefferson, Jackson, Hendricks, Hancock, Hamilton, Grant, Delaware, Decatur, Boone, or Bartholomew Counties or the townships of Wayne, Washington, Warren, Pike, Perry, Lawrence, Franklin, or Center in Indiana; (2) employees of Con-Agra Beef or Dairy, Carmel Water Department and other local Select Employer Groups. (Membership requirements are listed in the credit union's online application)
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Member For Over 30 Years

Posted by: nobigbucks | Sep 7, 2012

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. 

Indiana Members Credit Union

I like my credit union. My deposits are cleared quickly and the customer service is excellent when you go into the bank. They are fast and willing to help every time. The problems I have had are lack of locations and when I need to use my account internationally.
The first time I tried to buy tickets for an overseas trip they cut off my debit card. This could be good or bad, but it was very annoying. Fortunately, I went in to the credit union the next day and they turned it back on and set up a time period that they would open the card to buy my ticket. I was then able to do so without a hitch.
I forgot to tell them I was going to India (Not the first time I had been there) on another occasion, and they cut off my debit card when I tried to purchase a soda in Dubai. Since I could not call, I was able to get my debit card restored through an email. Again, fast and good service, but inconvenient.

While in the states I have also tried purchasing things from overseas and have had problems.

Other than this I have had good experiences with the credit union. The fees are reasonable and most things can be taken care of with a call or email, since there are not many locations I can go to in person.

Don't Bank Here

Posted by: Anonymous | Sep 29, 2011

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.

Terrible Service

Posted by: zookies | Jan 11, 2017

To be quite clear as to my rating of a 1 out of 5 I am giving IMCU, please know all tellers have always been very kind and professional just please know for me anyway, should you ever need to go back to a desk to speak to a "higher up" banker for anything and it does not help their business in any way such as a big deposit, a loan or any way of them making money off of the interaction or time they have to spend with you, you could be treated very disrespectfully to the point of them being condescending towards you. Also please don't expect any help if you make a complaint as the Eastside IMCU, per management, never gets any complaints and you could be made to feel you are the problem. Shame on them for their horrible customer care service. I guess I am the only one, but nevertheless, it did happen to me.



Health Grade Components

NCUA #68259
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.92%
Annual Interest Income$25.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.91B$1.78B
LoansQ2 2018vs Q2 2017$983.5MM$885.5MM
DepositsQ2 2018vs Q2 2017$1.65B$1.53B
Equity CapitalQ2 2018vs Q2 2017$200.2MM$189.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$4.6MM$4.3MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$620.00K$485.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$180.00K
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Always verify rates and promotions with the bank or credit union. We are not Indiana Members Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Indiana Members Credit Union Savings Account Rates

1.50%$50-Health Savings Account
1.50%--Business Health Savings Account
0.85%--IRA Savings
0.25%$50-Savings Account
0.25%$5-Christmas Club Account
0.25%$50-Minor Savings Account

Indiana Members Credit Union Money Market Rates

1.00%*$100k*-Money Market
OTHER TIERS: 0.60% $2.5k - $10k | 0.70% $10k - $20k | 0.85% $20k - $100k

Indiana Members Credit Union Checking Account Rates

0.10%$1k-Preferred Checking Account

Indiana Members Credit Union CD Rates

3.00%$1k-84 Month CD
3.00%$1k-Business 84 Month CD
2.75%$1k-17 Month CD
2.75%$1k-Business 17 Month CD
2.50%$1k-60 Month CD
2.50%$1k-Business 60 Month CD
2.27%$1k-48 Month CD
2.27%$1k-Business 48 Month CD
2.25%$1k-30 Month CD
2.25%$1k-Business 30 Month CD
2.00%$1k-36 Month CD
2.00%$1k-Business 36 Month CD
1.50%$1k-24 Month CD
1.50%$1k-Business 24 Month CD
1.25%$1k-12 Month CD
1.25%$1k-Business 12 Month CD
1.00%$1k-6 Month CD
1.00%$1k-Business 6 Month CD

Indiana Members Credit Union IRA Rates

3.00%$1k-84 Month IRA
2.78%$1k-17 Month IRA
2.50%$1k-60 Month IRA
2.25%$1k-48 Month IRA
2.25%$1k-30 Month IRA
2.00%$1k-36 Month IRA
1.50%$1k-24 Month IRA
1.25%$1k-12 Month IRA
1.00%$1k-6 Month IRA


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