Indiana Members Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.02%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
2.53%	6+ Year CD	84 Month CD 1.66% - National Average
2.53%	6+ Year IRA	84 Month IRA (Traditional, CESA, Roth) 1.66% - National Average

View all Indiana Members Credit Union rates »

Overview / Commentary

www.imcu.org

317-788-0366

5103 Madison Ave
Indianapolis, IN 46227-4239

Indiana Members Credit Union is headquartered in Indianapolis and is the 2^nd largest credit union in the state of Indiana. It is also the 135^th largest credit union in the nation. It was established in 1956 and as of March of 2017, it had grown to 292 employees and 120,400 members at 27 locations. Indiana Members Credit Union's money market rates are 48% 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

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.

Comment

7

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.

Comment

7

Terrible Service

Posted by: zookies | Jan 11, 2017

To be quite clear as to my rating of a 1 out of 5 I am giving IMCU, please know all tellers have always been very kind and professional just please know for me anyway, should you ever need to go back to a desk to speak to a "higher up" banker for anything and it does not help their business in any way such as a big deposit, a loan or any way of them making money off of the interaction or time they have to spend with you, you could be treated very disrespectfully to the point of them being condescending towards you. Also please don't expect any help if you make a complaint as the Eastside IMCU, per management, never gets any complaints and you could be made to feel you are the problem. Shame on them for their horrible customer care service. I guess I am the only one, but nevertheless, it did happen to me.

Comment

1

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.

Comment

2

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Health

A+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	68259
Year Chartered	1956
Employees	292
Primary Regulator

Profit Margin
Return on Assets - YTD	0.45%
Return on Equity - YTD	4.3%
Annual Interest Income	$10.1MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$1.77B$1.61B
Loans	Q1 2017vs Q1 2016	$877.1MM$813.7MM
Deposits	Q1 2017vs Q1 2016	$1.52B$1.39B
Equity Capital	Q1 2017vs Q1 2016	$180.9MM$172.4MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$4.1MM$3.7MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$643.00K$684.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

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