Indiana Members Credit Union


Overview / Commentary
317-788-4693
5103 Madison Ave
Indianapolis, IN 46227

Indiana Members Credit Union is headquartered in Indianapolis and is the 2nd largest credit union in the state of Indiana. It is also the 127th largest credit union in the nation. It was established in 1956 and as of March of 2020, it had grown to 352 employees and 134,345 members at 27 locations. Indiana Members Credit Union has an A 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

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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!

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Health

Health Grade Components

Overall
NCUA #68259
Year Chartered1956
Employees352
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD6.24%
Annual Interest Income$17.3MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$2.32B$2.01B
LoansQ1 2020vs Q1 2019$1.28B$1.03B
DepositsQ1 2020vs Q1 2019$1.98B$1.73B
Equity CapitalQ1 2020vs Q1 2019$242.5MM$210.7MM
Loan Loss AllowanceQ1 2020vs Q1 2019$6.0MM$4.9MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$2.7MM$498.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$31.00K
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%--Health Savings Account
1.50%--Business Health Savings Account
0.30%--IRA Savings
0.30%$50-Business IRA Savings
0.15%$5-Savings Account
0.15%--Christmas Club Account
0.15%$5-Minor Savings Account

Indiana Members Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Money Market
OTHER TIERS: 0.20% $2.5k - $10k | 0.25% $10k - $20k | 0.30% $20k - $100k
0.40%*$100k*-Commercial Money Market Savings
OTHER TIERS: 0.20% $2.5k - $10k | 0.25% $10k - $20k | 0.30% $20k - $100k

Indiana Members Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Preferred Checking Account

Indiana Members Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k-60 Month CD
0.90%$1k-Business 60 Month CD
0.90%$1k-60 Month HSA CD
0.90%$1k-Business 60 Month HSA CD
0.80%$1k-48 Month CD
0.80%$1k-Business 48 Month CD
0.80%$1k-48 Month HSA CD
0.80%$1k-Business 48 Month HSA CD
0.80%$1k-13 Month CD Special
0.80%$1k-13 Month HSA CD Special
0.80%$1k-Business 13 Month CD Special
0.80%$1k-Business 13 Month HSA CD Special
0.70%$1k-36 Month CD
0.70%$1k-84 Month CD
0.70%$1k-Business 36 Month CD
0.70%$1k-Business 84 Month CD
0.70%$1k-36 Month HSA CD
0.70%$1k-84 Month HSA CD
0.70%$1k-Business 36 Month HSA CD
0.70%$1k-Business 84 Month HSA CD
0.60%$1k-24 Month CD
0.60%$1k-Business 24 Month CD
0.60%$1k-24 Month HSA CD
0.60%$1k-Business 24 Month HSA CD
0.50%$1k-12 Month CD
0.50%$1k-Business 12 Month CD
0.50%$1k-12 Month HSA CD
0.50%$1k-Business 12 Month HSA CD
0.30%$1k-6 Month CD
0.30%$1k-Business 6 Month CD
0.30%$1k-6 Month HSA CD
0.30%$1k-Business 6 Month HSA CD

Indiana Members Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k-60 Month IRA
0.90%$1k-Business 60 Month IRA
0.80%$1k-48 Month IRA
0.80%$1k-Business 48 Month IRA
0.80%$1k-13 Month IRA Special
0.80%$1k-Business 13 Month IRA Special
0.70%$1k-36 Month IRA
0.70%$1k-84 Month IRA
0.70%$1k-Business 36 Month IRA
0.70%$1k-Business 84 Month IRA
0.60%$1k-24 Month IRA
0.60%$1k-Business 24 Month IRA
0.50%$1k-12 Month IRA
0.50%$1k-Business 12 Month IRA
0.30%$1k-6 Month IRA
0.30%$1k-Business 6 Month IRA
Locations

Availability



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