Featured Savings Rates
Featured Accounts

Indiana Members Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.51%5-year CD60 Month CD
1.51%5-year IRA60 Month IRA (Traditional, Roth, CESA)
1.26%2-year CD25 Month CD

Overview / Commentary
317-788-0366
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 September of 2016, it had grown to 283 employees and 119,836 members at 26 locations. Indiana Members Credit Union's money market rates are 14% higher than 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. 

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.

Terrible Bank

Posted by: LH | Sep 22, 2016

Hidden Fees (even for online deposits!)
High Fees
Inflexible staff
Short Opening Hours
Push customers to sell their products

I am planning to close my account ASAP so they cannot take more hidden fees from my account.

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.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
NCUA #68259
Year Chartered1956
Employees283
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD4.53%
Annual Interest Income$28.5MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.68B$1.53B
LoansQ3 2016vs Q3 2015$842.7MM$794.6MM
DepositsQ3 2016vs Q3 2015$1.45B$1.32B
Equity CapitalQ3 2016vs Q3 2015$176.9MM$168.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$4.1MM$3.7MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$879.00K$601.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$247.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Money Market
OTHER TIERS: 0.25% $2,500 - $10k | 0.30% $10k - $20k | 0.40% $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
2.02%$1k-84 Month CD
1.51%$1k-60 Month CD
1.26%$1k-25 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$1k-84 Month IRA
1.51%$1k-60 Month IRA
1.26%$1k-25 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
Locations

Indiana Members Credit Union has 26 locations. Click to view all Indiana Members Credit Union locations.