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 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.

Field of Membership Restrictions

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.
See current membership details

Reviews (1)

Worst Bank I Have Ever Been With

Posted by: |

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.



Health

Health Grade Components

Overall
NCUA #68259
Year Chartered1956
Employees424
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD11.81%
Annual Interest Income$38.8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$3.41B$3.18B
LoansQ1 2025vs Q1 2024$1.95B$1.83B
DepositsQ1 2025vs Q1 2024$3.07B$2.77B
Equity CapitalQ1 2025vs Q1 2024$230.5MM$185MM
Loan Loss AllowanceQ1 2025vs Q1 2024$24.4MM$22.9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$6.2MM$5MM
Real Estate OwnedQ1 2025vs Q1 2024$0$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
1.51%*$10k*-Health Savings Account
OTHER TIERS: 0.75% $1 - $2.5k | 1.00% $2.5k - $10k
1.51%$50-Business IRA Savings
0.30%*$10k*-Savings Account
OTHER TIERS: 0.05% $0 - $1k | 0.15% $1k - $10k
0.30%*$10k*-Christmas Club Account
OTHER TIERS: 0.05% $0 - $1k | 0.15% $1k - $10k
0.30%$5-Minor Savings Account

Indiana Members Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.51%$15k-High Yield Money Market
2.53%*$250k*-Money Market
OTHER TIERS: 1.31% $2.5k - $20k | 1.61% $20k - $50k | 1.92% $50k - $100k | 2.32% $100k - $250k
2.53%*$250k*-Commercial Money Market Savings
OTHER TIERS: 1.31% $2.5k - $20k | 1.61% $20k - $50k | 1.92% $50k - $100k | 2.32% $100k - $250k

Indiana Members Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-Preferred Checking Account

Indiana Members Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.30%$1k-9 Month CD Special
4.30%$1k-9 Month HSA CD Special
4.30%$1k-Business 9 Month CD Special
4.30%$1k-Business 9 Month HSA CD Special
4.00%$1k-36 Month CD
4.00%$1k-Business 36 Month CD
4.00%$1k-36 Month HSA CD
4.00%$1k-Business 36 Month HSA CD
3.51%$1k-6 Month CD
3.51%$1k-Business 6 Month CD
3.51%$1k-6 Month HSA CD
3.51%$1k-Business 6 Month HSA CD
3.25%$1k-12 Month CD
3.25%$1k-24 Month CD
3.25%$1k-Business 12 Month CD
3.25%$1k-Business 24 Month CD
3.25%$1k-12 Month HSA CD
3.25%$1k-24 Month HSA CD
3.25%$1k-Business 12 Month HSA CD
3.25%$1k-Business 24 Month HSA CD
3.00%$1k-48 Month CD
3.00%$1k-60 Month CD
3.00%$1k-Business 48 Month CD
3.00%$1k-Business 60 Month CD
3.00%$1k-48 Month HSA CD
3.00%$1k-60 Month HSA CD
3.00%$1k-Business 48 Month HSA CD
3.00%$1k-Business 60 Month HSA CD
2.25%$1k-84 Month CD
2.25%$1k-Business 84 Month CD
2.25%$1k-84 Month HSA CD
2.25%$1k-Business 84 Month HSA CD

Indiana Members Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.30%$1k-9 Month IRA Special
4.30%$1k-Business 9 Month IRA Special
4.00%$1k-36 Month IRA
4.00%$1k-Business 36 Month IRA
3.51%$1k-6 Month IRA
3.51%$1k-Business 6 Month IRA
3.25%$1k-12 Month IRA
3.25%$1k-24 Month IRA
3.25%$1k-Business 12 Month IRA
3.25%$1k-Business 24 Month IRA
3.00%$1k-48 Month IRA
3.00%$1k-60 Month IRA
3.00%$1k-Business 48 Month IRA
3.00%$1k-Business 60 Month IRA
2.25%$1k-84 Month IRA
2.25%$1k-Business 84 Month IRA
1.51%$0-IRA Savings
Locations

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