Indiana Members Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.51% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 1.51% | 5-year IRA | 60 Month IRA (Traditional, Roth, CESA) 1.41% - National Average |
| 2.02% | 6+ Year CD | 84 Month CD 1.55% - National Average |
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 June of 2016, it had grown to 276 employees and 116,619 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
Member For Over 30 Years
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
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
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68259 |
| Year Chartered | 1956 |
| Employees | 276 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 4.8% |
| Annual Interest Income | $18.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $1.64B$1.50B |
| Loans | Q2 2016vs Q2 2015 | $818.5MM$788.2MM |
| Deposits | Q2 2016vs Q2 2015 | $1.40B$1.30B |
| Equity Capital | Q2 2016vs Q2 2015 | $174.5MM$165.4MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $3.7MM$3.6MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $871.00K$333.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $19.00K$247.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $20k* | - | Money Market | ||
| OTHER TIERS: 0.15% → $2,500 - $20k | |||||
Indiana Members Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $1k | - | Preferred Checking Account |
Indiana Members Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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.