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Indiana Members Credit Union

Popular Accounts at this Credit Union

1.51%5-year CD60 Month CD
1.51%5-year IRA60 Month IRA (Traditional, Roth, CESA)
2.02%6+ Year CD84 Month CD

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 138th largest credit union in the nation. It was established in 1956 and as of June of 2016, it had grown to 276 employees and 116,619 members at 26 locations. Indiana Members Credit Union has 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)
See current membership details

Related Posts

Indiana Members CU Offers Holiday 25-Month Special CD - 11/30/2015

Indiana Members CU has a limited-time 25-month Holiday Special CD (2.02% APY). Minimum deposit is $1K, with a $1M maximum per household. Also offered as an IRA.

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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. 

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 Bank

Posted by: LH | Sep 22, 2016

Hidden Fees (even for online deposits!)
High Fees
Inflexible staff
Short Opening Hours
Push customers to sell their products

I am planning to close my account ASAP so they cannot take more hidden fees from my account.

Worst Credit Union to deal with

Indiana Members Credit Union is the worst Credit Union we have ever used. They froze our debit cards when we were a week late on our vehicle payment even after arrangements were made to pay it by a certain date. This caused all kinds of problems as my husband had to travel out of town for work, with no access to his money. We were made to wait until payment was made to lift the restriction on our account. This credit union uses illegal force and controls the way you use your money.



Health Grade Components

NCUA #68259
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.8%
Annual Interest Income$18.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.64B$1.50B
LoansQ2 2016vs Q2 2015$818.5MM$788.2MM
DepositsQ2 2016vs Q2 2015$1.40B$1.30B
Equity CapitalQ2 2016vs Q2 2015$174.5MM$165.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$3.7MM$3.6MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$871.00K$333.00K
Real Estate OwnedQ2 2016vs Q2 2015$19.00K$247.00K
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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
0.20%--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

0.30%*$20k*-Money Market
OTHER TIERS: 0.25% $2,500 - $20k

Indiana Members Credit Union Checking Account Rates

0.05%$1k-Preferred Checking Account

Indiana Members Credit Union CD Rates

2.02%$1k-84 Month CD
1.51%$1k-60 Month CD
1.11%$1k-13 Month CD
1.00%$1k-24 Month CD
1.00%$1k-48 Month CD
0.75%$1k-12 Month CD
0.70%$1k-36 Month CD
0.50%$1k-6 Month CD

Indiana Members Credit Union IRA Rates

2.02%$1k-84 Month IRA
1.51%$1k-60 Month IRA
1.11%$1k-13 Month IRA
1.00%$1k-24 Month IRA
1.00%$1k-48 Month IRA
0.75%$1k-12 Month IRA
0.70%$1k-36 Month IRA
0.50%$1k-6 Month IRA

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