Indiana Members Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.53% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
| 3.04% | 6+ Year CD | 84 Month CD 1.69% - National Average |
| 3.04% | 6+ Year IRA | 84 Month IRA (Traditional, CESA, Roth) 1.69% - National Average |
Indiana Members Credit Union is headquartered in Indianapolis and is the 2nd 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 March of 2017, it had grown to 292 employees and 120,400 members at 27 locations. Indiana Members Credit Union's money market rates are 70% higher than 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)
See current membership details
Related Posts
5/31 - Indiana Members CU's 84-month CD Earns 2.53% APY
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.
Terrible Service
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.
Terrible Bank
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.
Hidden Fees!
I got this account right after I got married. I had a new job in a new location and needed a bank for direct deposit. This bank was close to my house so I went to do it. All was good and dandy. I used the online service and the ATM /debit card. My good experience with the bank went down hill when they started charging $2 for a printed statement to be sent to your home. I thought that wasn't so bad, I could live with it until I had our first child. I quit my job and began stay home. I was told that if I signed up for the estatment that I wouldn't get charged that fee for the printed statement, wrong! It still came, i was still charged and there was no way to stop it. While I was caring for my child, they charged me a fee because I no longer had direct deposit then another fee because the account was inactive! Plus that little $2 fee for the statement every month. Before I knew it the account was depleted and I was in debt to them $2 for a statement that was just a piece of paper telling me I had no money in the account! If I knew they would do this to me I will lent have opened the account!
WORST BANK!!!!!
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 as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68259 |
| Year Chartered | 1956 |
| Employees | 292 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 4.3% |
| Annual Interest Income | $10.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.77B$1.61B |
| Loans | Q1 2017vs Q1 2016 | $877.1MM$813.7MM |
| Deposits | Q1 2017vs Q1 2016 | $1.52B$1.39B |
| Equity Capital | Q1 2017vs Q1 2016 | $180.9MM$172.4MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $4.1MM$3.7MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $643.00K$684.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | $50 | - | Health Savings Account | |
| 0.65% | - | - | IRA Savings | |
| 0.20% | $50 | - | Savings Account | |
| 0.20% | - | - | Christmas Club Account |
Indiana Members Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $100k* | - | Money Market | ||
| OTHER TIERS: 0.45% → $2,500 - $10k | 0.55% → $10k - $20k | 0.65% → $20k - $100k | |||||
Indiana Members Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1k | - | Preferred Checking Account |
Indiana Members Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.04% | $1k | - | 84 Month CD | |
| 2.53% | $1k | - | 60 Month CD | |
| 1.51% | $1k | - | 48 Month CD | |
| 1.31% | $1k | - | 17 Month CD | |
| 1.26% | $1k | - | 24 Month CD | |
| 1.26% | $1k | - | 36 Month CD | |
| 1.00% | $1k | - | 12 Month CD | |
| 0.80% | $1k | - | 6 Month CD |
Indiana Members Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.04% | $1k | - | 84 Month IRA | |
| 2.53% | $1k | - | 60 Month IRA | |
| 1.51% | $1k | - | 48 Month IRA | |
| 1.31% | $1k | - | 17 Month IRA | |
| 1.26% | $1k | - | 24 Month IRA | |
| 1.26% | $1k | - | 36 Month IRA | |
| 1.00% | $1k | - | 12 Month IRA | |
| 0.80% | $1k | - | 6 Month IRA |
Indiana Members Credit Union has 27 locations. Click to view all Indiana Members Credit Union locations.