For a limited time, Indiana Members Credit Union (Indiana Members) is offering a 25-month Holiday Special CD (2.02% APY). The minimum opening deposit is $1K, with a maximum $1 Million per household.
The 25-month Holiday Special CD is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.As stated in Indiana Members’ Certificate Disclosure brochure, the Early Withdrawal Penalty reads as follows:
Certificate Accounts with an original term of 1 year or more, but less than 3 years, will be assessed a penalty equal to 6 months dividends.
Headquartered in Indianapolis, Indiana Members Credit Union's field of membership is based on residency and/or employment status.
Residency: Individuals who live or work in the following locations are eligible for membership:
Indiana Counties: Bartholomew, Boone, Decatur, Delaware, Grant, Hamilton, Hancock, Hendricks, Jackson, Jefferson, Jennings, Johnson, Madison, Morgan, Ripley, Scott, and Shelby.
Indiana Townships: Center, Franklin, Lawrence, Perry, Pike, Warren, Washington, and Wayne.
Employment: Over 1,200 SEGs offer their employees membership in Indiana Members.
Relationship: Family members of current Credit Union members are also eligible to join.
Complete details are available on the first page of Indiana Members’ online application.
Joining Indiana Members and/or opening a CD can be done online or at any of 26 Indiana branches located in Avon, Beech Grove, Brownsburg, Greenwood (2), Indianapolis (15), Marion, Muncie, Noblesville, Plainfield, Westfield, and Zionsville.
Credit Union Overview
Indiana Members Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 0.34% (excellent) based on June 30, 2015 data. In the past year, Indiana Members has increased its total deposits by $43.78 Million, an above average annual growth rate of 3.49%. Please refer to our financial overview of Indiana Members Credit Union for more details.
Indiana Members Credit Union (NCUA Charter # 68259) was founded in 1956 as the Indiana University Medical Center Federal Credit Union on the campus of Indiana University Purdue University Indianapolis. As the 2nd largest credit union in Indiana, Indiana Members currently has over 114,500 members and assets in excess of $1.5 Billion. A very active participant in community charities, the Credit Union established the Indiana Members Foundation in 2010, "specifically providing school children in the Indianapolis area with the necessities essential for learning and succeeding in their education."
Indiana Members Foundation is a huge supporter of the Indy BackPack Attack School Supply Drive. Since 2008 we have donated more than 380,000 school supplies, which includes 17,500 backpacks.
How the CD Compares
When compared to the 265 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to Indiana residents, Indiana Members Credit Union’s 25-month Holiday Special CD currently ranks first.
The above rates are accurate as of 11/29/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.