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Indiana Members Credit Union


Overview / Commentary
317-248-8556
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 136th largest credit union in the nation. It was established in 1956 and as of March of 2019, it had grown to 313 employees and 128,003 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)
See current membership details

Related Posts

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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.

Worst Ever

Posted by: GH | Apr 22, 2019

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!

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Health
A+

Health Grade Components

Overall
NCUA #68259
Year Chartered1956
Employees313
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD6.44%
Annual Interest Income$15.8MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$2.01B$1.91B
LoansQ1 2019vs Q1 2018$1.03B$970.5MM
DepositsQ1 2019vs Q1 2018$1.73B$1.65B
Equity CapitalQ1 2019vs Q1 2018$210.7MM$196.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$4.9MM$4.5MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$498.00K$512.00K
Real Estate OwnedQ1 2019vs Q1 2018$31.00K$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$50-Health Savings Account
1.50%--Business Health Savings Account
0.85%--IRA Savings
0.85%$50-Business IRA Savings
0.25%$50-Savings Account
0.25%$50-Christmas Club Account
0.25%$50-Minor Savings Account

Indiana Members Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$100k*-Money Market
OTHER TIERS: 0.60% $2.5k - $10k | 0.70% $10k - $20k | 0.85% $20k - $100k
1.00%*$100k*-Business Money Market Savings
OTHER TIERS: 0.60% $2.5k - $10k | 0.70% $10k - $20k | 0.85% $20k - $100k

Indiana Members Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-Preferred Checking Account

Indiana Members Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$1k-60 Month CD
2.53%$1k-84 Month CD
2.53%$1k-Business 60 Month CD
2.53%$1k-Business 84 Month CD
2.53%$100-60 Month HSA CD
2.53%$100-84 Month HSA CD
2.53%$100-Business 60 Month HSA CD
2.53%$100-Business 84 Month HSA CD
2.27%$1k-48 Month CD
2.27%$1k-Business 48 Month CD
2.27%$100-48 Month HSA CD
2.27%$100-Business 48 Month HSA CD
2.02%$1k-36 Month CD
2.02%$1k-Business 36 Month CD
2.02%$100-36 Month HSA CD
2.02%$100-Business 36 Month HSA CD
1.51%$1k-24 Month CD
1.51%$1k-Business 24 Month CD
1.51%$100-24 Month HSA CD
1.51%$100-Business 24 Month HSA CD
1.26%$1k-12 Month CD
1.26%$1k-Business 12 Month CD
1.26%$100-12 Month HSA CD
1.26%$100-Business 12 Month HSA CD
1.00%$1k-6 Month CD
1.00%$1k-Business 6 Month CD
1.00%$100-6 Month HSA CD
1.00%$100-Business 6 Month HSA CD

Indiana Members Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$1k-60 Month IRA
2.53%$1k-84 Month IRA
2.53%$1k-Business 60 Month IRA
2.53%$1k-Business 84 Month IRA
2.27%$1k-48 Month IRA
2.27%$1k-Business 48 Month IRA
2.02%$1k-36 Month IRA
2.02%$1k-Business 36 Month IRA
1.51%$1k-24 Month IRA
1.51%$1k-Business 24 Month IRA
1.26%$1k-12 Month IRA
1.26%$1k-Business 12 Month IRA
1.00%$1k-6 Month IRA
1.00%$1k-Business 6 Month IRA
Locations

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