Indiana Members Credit Union is headquartered in Indianapolis and is the 3rd largest credit union in the state of Indiana. It is also the 145th largest credit union in the nation. It was established in 1956 and as of March of 2025, it had grown to 424 employees and 163,253 members at 32 locations. Indiana Members Credit Union's money market rates are 8X the national average, and it has an A health rating.
Membership in Indiana Members Credit Union is open to those who live or work in the Indiana counties of Bartholomew, Blackford, Boone, Brown, Clark, Clay, Clinton, Decatur, Delaware, Floyd, Fountain, Gibson, Grant, Greene, Hamilton, Hancock, Harrison, Hendricks, Henry, Howard, Huntington, Jackson, Jay, Jefferson, Jennings, Johnson, Lawrence, Madison, Marion, Miami, Monroe, Montgomery, Morgan, Owen, Parke, Posey, Putnam, Randolph (Jackson or Wayne Townships), Ripley, Rush, Scott, Shelby, Tippecanoe, Tipton, Vanderburgh, Vigo, Warrick, and Wayne, and Henderson County in Kentucky.
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If you can avoid this place...please, absolutely do it. This bank has taken so much money from me and because I have a loan with them they don't refund it to the account they stole it from, but they apply to whatever b.s. loan you have with them.
If I could give them 0 stars I'd do it in a heartbeat.
I got a $12,000 car with a $1,000 down payment, and my loan with them is suddenly almost $20,000. They added their own insurance without telling me, because they assumed I didn't have any. I showed them my proof of insurance, but it wasn't good enough because it didn't have them listed as the lienholder. I had to get it completely updated, brought it back with proof that there were never any gaps between my last insurance and the one I have currently and they told me I would get a refund for the remainder of the $860 they took from me. It's been almost an entire month and when I called to see why I hadn't received the refund or at least heard anything about it, they said it's because they applied it to my loan. Mind you, they took it out of my debit account, but apparently they can't add it back. They essentially took a portion of my car payment before it was even due. I've never been so frustrated and stressed out with a company in my life. I've had some frustrations, but in my time of being alive IMCU takes the cake every time.
Overall | |
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NCUA # | 68259 |
Year Chartered | 1956 |
Employees | 424 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.82% |
Return on Equity - YTD | 11.81% |
Annual Interest Income | $38.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $3.41B$3.18B |
Loans | Q1 2025vs Q1 2024 | $1.95B$1.83B |
Deposits | Q1 2025vs Q1 2024 | $3.07B$2.77B |
Equity Capital | Q1 2025vs Q1 2024 | $230.5MM$185MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $24.4MM$22.9MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $6.2MM$5MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | $1k | - | Preferred Checking Account |