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888-855-6928
105 E Winslow Rd
Bloomington, IN 47401

Indiana University Credit Union is headquartered in Bloomington and is the 9th largest credit union in the state of Indiana. It is also the 301st largest credit union in the nation. It was established in 1956 and as of June of 2016, it had grown to 189 employees and 61,167 members at 11 locations. Indiana University Credit Union has an A+ health rating.

Field of Membership Restrictions

Indiana University Credit Union of Indiana is open to the residents, and the people that maintain employment within any of the 51 counties that the credit union serves and the Indiana University Alumni Association members that are current on their membership fees
See current membership details

Related Posts

15-Month CD 2.00% Available At Greenwood Branch Only - 11/4/2015

Indiana University Credit Union has a 15-month CD 2.00% APY for new members who join at the new Greenwood Branch. Minimum deposit is $500 and capped at $25K.  A checking account is also required.

Reviews (2)

Perfect for me!

Posted by: JimmyD.3 | Jun 9, 2014

I just needed a local place to cash checks and was recommended IU Credit Union from a family member. Friendly, communicative, and I am so glad that I switched to them. They have gone to a new online banking system that actually informs you of transactions before they are actually processed.

So-So Offerings, Clueless Employees

As a student, I banked with them for about 2 years. They have several ATMs around Bloomington, one in the union, one in the library for example. They give free checks.

But the employees always seemed a bit off. For example, they refused to raise my credit card limit from 2k to 3k citing my "lack of income" (apparently they only would consider my stipend, and ignored the fact I earn 20k each summer doing internship). Capitol One gave me a card with a 10k limit - much more than the 3k I asked for, with the same information. Since I must often purchase plane tickets and then submit the receipt for reimbursement, it is nice to have a credit card limit that can carry all charges from a business trip.

IUCU also shut down my Visa credit card while I was travelling in Spain. My backup card was a Discover (not accepted in most European businesses). They were completely unapolegetic when I had to call them (at international rates) to gain access to my funds.

When I planned to spend a summer in the SF Bay Area, I called IUCU to inquire about their "shared branching" service. They assured me I could perform all the functions I perform at IUCU (such as cashing checks) at affiliated CUs in the Bay. After I received my first paycheck, I went to deposit it... I had to pay off Visa charges from my gas and meals driving to California, as well as get access to money for rent. Unfortunately, IUCU would not allow shared branching because they had been unable to deliver mail to me. (I had filed a  temporary change of address with the post office - but to no avail, the bank would not honor it). In addition to not being able to cash my rent check, I was charged a "bad address" fee (which, in their defense, they waived after I called to complain)

There also have been other minor issues... for example, they upgraded their online banking, breaking Mint compatibility. The new UI was powered by Intuit (Mint's parent company) and contained similar functionality, but I lost several months of historical data from the switch.

In short, the only real benefit IUCU provides is ample atm access, even this is true only in Bloomington, and you can get a Charles Schwab account and not be subject to ATM fees anyways. IUCU's basic saving accounts gives less interest than a Charles Schwab checking account.



Health
A+

Health Grade Components

Overall
NCUA #68577
Year Chartered1956
Employees189
Primary Regulator
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD5.76%
Annual Interest Income$12.2MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$869.9MM$817.3MM
LoansQ2 2016vs Q2 2015$587.6MM$544.1MM
DepositsQ2 2016vs Q2 2015$745.9MM$702.6MM
Equity CapitalQ2 2016vs Q2 2015$113.8MM$105.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$2.2MM$1.9MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$2.0MM$2.4MM
Real Estate OwnedQ2 2016vs Q2 2015$137.00K$208.00K
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 University Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Savings
0.20%--Coverdell ESA
0.10%--Membership Savings
0.10%--Business Membership Savings

Indiana University Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Money Market Savings
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k | 0.30% $25k - $50k
0.40%*$50k*-Business Money Market Savings
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k | 0.30% $25k - $50k
0.05%--Money Market Checking

Indiana University Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Platinum Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k
0.15%$1k-BusinessPLUS Checkinig
0.15%$1k-BusinessANALYSIS Checking

Indiana University Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-15 Month Greenwood Special
1.01%$500-3 Year CD
1.01%$500-4 Year CD
1.01%$500-5 Year CD
1.01%$500-6 Year CD
1.01%$500-Business 3 Year CD
1.01%$500-Business 4 Year CD
1.01%$500-Business 5 Year CD
1.01%$500-Business 6 Year CD
0.85%$10k-25 Month Relationship CD
0.65%$500-30 Month CD
0.65%$500-Business 30 Month CD
0.65%$10k-13 Month Relationship CD
0.60%$500-2 Year CD
0.60%$500-Business 2 Year CD
0.45%$500-18 Month CD
0.45%$500-Business 18 Month CD
0.40%$500-1 Year CD
0.40%$500-Business 1 Year CD
0.20%$2k-6 Month CD
0.20%$2k-Business 6 Month CD

Indiana University Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-15 Month Greenwood IRA Special
1.01%$500-3 Year IRA Certificate
1.01%$500-4 Year IRA Certificate
1.01%$500-5 Year IRA Certificate
1.01%$500-6 Year IRA Certificate
0.85%$10k-25 Month Relationship IRA
0.65%$500-30 Month IRA Certificate
0.65%$10k-13 Month Relationship IRA
0.60%$500-2 Year IRA Certificate
0.45%$500-18 Month IRA Certificate
0.40%$500-1 Year IRA Certificate
0.20%$2k-6 Month IRA Certificate
Locations

Indiana University Credit Union has 11 locations. Click to view all Indiana University Credit Union locations.