Indiana Members Credit Union

Overview / Commentary
5103 Madison Ave
Indianapolis, IN 46227

Indiana Members Credit Union is headquartered in Indianapolis and is the 3rd largest credit union in the state of Indiana. It is also the 135th largest credit union in the nation. It was established in 1956 and as of June of 2022, it had grown to 329 employees and 152,642 members at 33 locations. Indiana Members Credit Union's money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Indiana Members Credit Union is open to: (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

Great Service, Great Rates.

Posted by: |

I'm a long time customer of IMCU. I have never had any problems with them. Their staff, on multiple occasions, have stayed past closing time to finish creating accounts for me and I was never rushed. Their interest rates are great. I live 35 miles from the nearest branch but I continue to do business with them and make the drive because of their superior rates and service.

Member For Over 30 Years

Posted by: |

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: |

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.

Worst Ever

Posted by: |

Had a 1 minute conversation with someone at the business center of this bank and literally was the rudest encounter I have ever had! How someone could be so condescending within that short time frame is beyond me! I would not want to do business here EVER - sorry for calling the business center and wanting to do BUSINESS with you!



Health Grade Components

NCUA #68259
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD12.56%
Annual Interest Income$37.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.93B$2.90B
LoansQ2 2022vs Q2 2021$1.49B$1.32B
DepositsQ2 2022vs Q2 2021$2.64B$2.53B
Equity CapitalQ2 2022vs Q2 2021$183.0MM$261.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$8.5MM$9.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.9MM$1.6MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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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

1.00%--IRA Savings
1.00%--Health Savings Account
1.00%--Business Health Savings Account
1.00%$50-Business IRA Savings
0.30%$5-Savings Account
0.30%--Christmas Club Account
0.30%$5-Minor Savings Account

Indiana Members Credit Union Money Market Rates

1.31%*$100k*-Money Market
OTHER TIERS: 0.65% $2.5k - $10k | 0.75% $10k - $20k | 1.16% $20k - $100k
1.31%*$100k*-Commercial Money Market Savings
OTHER TIERS: 0.65% $2.5k - $10k | 0.75% $10k - $20k | 1.16% $20k - $100k

Indiana Members Credit Union Checking Account Rates

0.20%$1k-Preferred Checking Account

Indiana Members Credit Union CD Rates

3.04%$1k-25 Month CD
3.04%$1k-Business 25 Month CD
3.04%$1k-25 Month HSA CD
3.04%$1k-Business 25 Month HSA CD
2.53%$1k-13 Month CD
2.53%$1k-Business 13 Month CD
2.53%$1k-Business 13 Month HSA CD
2.53%$1k-13 Month HSA CD
2.27%$1k-60 Month CD
2.27%$1k-Business 60 Month CD
2.27%$1k-60 Month HSA CD
2.27%$1k-Business 60 Month HSA CD
2.02%$1k-24 Month CD
2.02%$1k-36 Month CD
2.02%$1k-48 Month CD
2.02%$1k-84 Month CD
2.02%$1k-Business 24 Month CD
2.02%$1k-Business 36 Month CD
2.02%$1k-Business 48 Month CD
2.02%$1k-Business 84 Month CD
2.02%$1k-24 Month HSA CD
2.02%$1k-36 Month HSA CD
2.02%$1k-48 Month HSA CD
2.02%$1k-84 Month HSA CD
2.02%$1k-Business 24 Month HSA CD
2.02%$1k-Business 36 Month HSA CD
2.02%$1k-Business 48 Month HSA CD
2.02%$1k-Business 84 Month HSA CD
1.51%$1k-12 Month CD
1.51%$1k-Business 12 Month CD
1.51%$1k-12 Month HSA CD
1.51%$1k-Business 12 Month HSA CD
1.26%$1k-6 Month CD
1.26%$1k-Business 6 Month CD
1.26%$1k-6 Month HSA CD
1.26%$1k-Business 6 Month HSA CD

Indiana Members Credit Union IRA Rates

3.04%$1k-25 Month IRA
3.04%$1k-Business 25 Month IRA
2.53%$1k-13 Month IRA
2.53%$1k-Business 13 Month IRA
2.27%$1k-60 Month IRA
2.27%$1k-Business 60 Month IRA
2.02%$1k-24 Month IRA
2.02%$1k-36 Month IRA
2.02%$1k-48 Month IRA
2.02%$1k-84 Month IRA
2.02%$1k-Business 24 Month IRA
2.02%$1k-Business 36 Month IRA
2.02%$1k-Business 48 Month IRA
2.02%$1k-Business 84 Month IRA
1.51%$1k-12 Month IRA
1.51%$1k-Business 12 Month IRA
1.26%$1k-6 Month IRA
1.26%$1k-Business 6 Month IRA


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