Featured Savings Rates
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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 March of 2016, it had grown to 276 employees and 115,911 members at 26 locations. Indiana Members Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in select areas counties and townships in Indiana or work for a select organization. (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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Reviews (8)

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.

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.

Horrible Service

Posted by: concerned | Apr 1, 2011

I know a person who took out a $1,000 loan and used his truck as collateral. He was $48 past due and the repo'd his truck, demanded the bal of $958 immediately, charged $300 repo fee, $50 key fee and $150 retrieval fee for the repo company.  Although they were "legally" within their rights, this was morally wrong. The person rec'd a late fee notice dated 3-25 with no mention on repo and the car was taken on 3-30.  I am taking every opportunity to let people know how they treat their customers.  So far I've told people in the Beauty Salon, the grocery store, the dr's office and anybody else who would listen. Their goal is to make money off the repo's. If the loan and gone to term they would have only made $69 in interest.  With the economy being what it is, this is just another way for them to make more money!!!!!

Bad Loan Option

I think this site pretty much says it all:


Too many options, go someplace (anyplace) else.

Hidden Fees!

Posted by: Lcarlson | Jun 9, 2015

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!


Posted by: Ellen Cox | Jun 11, 2014

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!

Posted by: Anonymous | May 27, 2011

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.


Health Grade Components

NCUA #68259
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD4.94%
Annual Interest Income$9.2MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$1.61B$1.50B
LoansQ1 2016vs Q1 2015$813.7MM$742.3MM
DepositsQ1 2016vs Q1 2015$1.39B$1.31B
Equity CapitalQ1 2016vs Q1 2015$172.4MM$163.3MM
Loan Loss AllowanceQ1 2016vs Q1 2015$3.7MM$3.4MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$684.00K$300.00K
Real Estate OwnedQ1 2016vs Q1 2015$0$261.00K
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* 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

0.20%*$20k*-Money Market
OTHER TIERS: 0.15% $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.