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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5/31 - Indiana Members CU Has Competitive 84-month CD
Great Service, Great Rates.
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
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.
Worst Ever
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!
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68259 |
| Year Chartered | 1956 |
| Employees | 352 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 6.24% |
| Annual Interest Income | $17.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $2.32B$2.01B |
| Loans | Q1 2020vs Q1 2019 | $1.28B$1.03B |
| Deposits | Q1 2020vs Q1 2019 | $1.98B$1.73B |
| Equity Capital | Q1 2020vs Q1 2019 | $242.5MM$210.7MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $6.0MM$4.9MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $2.7MM$498.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$31.00K |
