INOVA Federal Credit Union

Overview / Commentary
358 S Elkhart Ave
Elkhart, IN 46516

Inova Federal Credit Union received its charter in 1942 with the original purpose of serving the employees of Miles Laboratories, a health care research company. It now offers a range of deposit and loan products to a wide membership base.

Inova offers a Premium Dividend Rate on its checking account if certain requirements are met and maintained. has recognized the credit union in the past for its reward checking account offering. Inova also has multiple savings and money market account programs to meet its members’ needs, including a health savings account. Its basic savings account option provides bill pay, ATM access, and direct deposit Share certificates with term lengths from 30 days to 6 years are available to members as well, and a flexible CD allows the account holder to change its interest rate once during the life of the CD. Inova’s business banking side includes many similar products and provides services like wiring transfers and escrowing management.

Inova Federal Credit Union online banking features the latest technology which give members access to a customizable home banking webpage, from which they can manage one or multiple accounts. Inova has optimized its website for mobile banking to provide members with access to their accounts from the convenience of their smartphones and tablet devices.

Inova FCU is headquartered in Elkhart, Indiana and serves its members through multiple branches located in several states throughout the country.

Field of Membership Restrictions

INOVA Federal Credit Union is open to anyone who lives within a 50 mile radius of a branch by joining Tru Direction. Membership is also open to employees or members of over 500 Select Employer Groups (see the credit union's site for details) or to family members of current members.
See current membership details

Related Posts

INOVA FCU Drops Its 18-Month CD Rate From 1.05% APY To 0.45% APY - 5/26/2021

Today (maybe yesterday), INOVA FCU dropped its special 10-month rate on both its regular and bump up CDs from 1.05% APY to 0.45% APY. The 2-year rate for those CDs remains at 1.25% APY, and the 30-month CD at 1.25%.

INOVA Federal Credit Union Substantially Boosts CD Rates - 4/28/2021

INOVA Federal Credit Union (easy membership) has substantially raised the rates on its 18-month, 2-year, and 30-month CDs and Step-Up CDs. Min opening deposit is $200.

View all posts from:

12/24/18 - New 5 Year CD Rates
12/24/18 - INOVA Federal Credit Union Ups 14-Month CD To 3.00% APY
11/9/18 - Update On INOVA
5/28/18 - INOVA FCU (Easy Membership) Boosts 5-Year CD Rate
5/27/18 - INOVA FCU 5-Year CD To 3% and 2.9% with step-up, Minimum of Only $200, Easy Membership
3/5/18 - INOVA FCU's Shield Checking APY Jumps
2/10/18 - INOVA FCU Offers "Be Our Valentine" 14-Month CD
2/9/18 - INOVA Raises APY On 14M, 30M CD Specials. Quick Look.
10/3/17 - INOVA FCU (Easy Membership) Brings Back 14-month CD
10/2/17 - INOVA FCU Added 14 Month Certificate 1.75% APY
9/1/17 - INOVA FCU Raises Rate On Nationally Available 30-Month CD
6/13/17 - INOVA FCU Offers 42-Month Certificate of Appreciation
2/13/17 - 14 Month 1.85% Special CD Closing Today.
2/8/17 - INOVA FCU Celebrates 75 Years With 14-Month CD
2/8/17 - 75th Anniversary 14-Month CD Special, 1.75% APY
8/10/16 - INOVA FCU (Easy Membership) Has Limited-Time 14-Month CD Rate
8/10/16 - 14Mo CD, 1.25% APY
5/25/16 - INOVA FCU Offers Very Competitive 91-Day CD
5/24/16 - 91-Day, 1.90% APY CD. Quick Look.
5/30/15 - Ovation Checking Account Change In Terms Notice
5/21/15 - 1.75%/1.50% 75-Day CD
4/3/15 - Inova Federal CU RCA ($20K, 3%APY) To ($20K, 2%APY)
3/23/15 - INOVA Credit Report
2/18/15 - INOVA FCU Has Top-Rate 15-month IRA Certificate Special
2/9/15 - INOVA CD Specials: 75 Day 1.50%/1.75%; 15 Mon IRA 2.15%. ???.
1/6/15 - 91-Day Certificate, 2.50% If You Have Reward Checking, 2.25% Otherwise
7/3/14 - Change In Ovation Checking Account At Inova FCU
5/4/14 - Changes To INOVA Ovations Reward Checking
6/5/13 - Rare Reward Checking Rate Hike at INOVA Federal Credit Union
6/4/13 - INOVA FCU RCA Rate Increase (2.0%APY, $20K) To (3.0%APY, $20K)
4/2/12 - Review Of Joining INOVA FCU And Transferring An IRA To INOVA
3/30/12 - INOVA Cds Not Listed On CD Rates Pages; Rate Has Dropped, But Still Competitive
1/11/12 - Top 6-Year CD & Reward Checking Rates at INOVA FCU - Easy Membership
1/30/11 - Top 6-Year CD Rate at INOVA FCU in IN, CA & NC - Easy Membership
11/4/10 - Top Long-Term CD Rates at INOVA FCU in Several States - Easy Membership
4/11/10 - 3.00% 48-Month CD at INOVA FCU in Several States - Easy Membership
4/11/10 - High-Yield Reward Checking Account at INOVA FCU in Several States - Easy Membership
2/14/06 - 5.75% 72-Month / 5.50% 60-Month CD at a CU

Great Service For IRA Dept.

Posted by: |

I live in NJ and I opened my Roth IRA with Inova FCU -Indiana last month. Jackie Pennington was in charge to take care of account opening. She followed up closely and perfectly my account was completed in one week. Everything ran so smoothly with only phone communication at such where I live and where they are located do not matter.
Thank you for a great customer service!

Pleased With Inova

Posted by: |

I have had an account with Inova for quite a while. I like the 3% on the $20,000. The employees are amazing. No matter who you speak with they give you the correct answers and explain it so that there is no other meaning. Very friendly. They also will email the information.


Posted by: |

I signed up for the 6 year CD at 4% and then 2 days later they told me they will not honor it. Probably because they had too many applications for it. Terrible credit union. Total scam.

Great FCU!

Posted by: |

I have been with Inova for several months now and have several accounts with them. I would highly recommend to others. Great rates great service!



Health Grade Components

NCUA #4968
Year Chartered1942
Primary Regulator
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD12.27%
Annual Interest Income$16.7MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$560.1MM$507.6MM
LoansQ3 2021vs Q3 2020$516.5MM$434.1MM
DepositsQ3 2021vs Q3 2020$469.9MM$437.7MM
Equity CapitalQ3 2021vs Q3 2020$45.3MM$40.5MM
Loan Loss AllowanceQ3 2021vs Q3 2020$5.1MM$4.8MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$2.1MM$8.7MM
Real Estate OwnedQ3 2021vs Q3 2020$56.00K$0
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Always verify rates and promotions with the bank or credit union. We are not INOVA Federal 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.

INOVA Federal Credit Union Savings Account Rates

0.01%$100-Membership Savings
0.01%--Special Savings
0.01%--Christmas Club
0.01%--Health Savings Account
0.01%--IRA Savings

INOVA Federal Credit Union Money Market Rates

0.25%*$100k*-Financial Management Account
OTHER TIERS: 0.01% Up to $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.25%$100k-Platinum Money Market Savings
0.25%*$100k*-IRA Financial Management Account
OTHER TIERS: 0.01% Up to $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.15%$50k-Gold Money Market Savings
0.05%--IRA Money Market Savings

INOVA Federal Credit Union Checking Account Rates

3.00%*-$15kShield Checking
OTHER TIERS: 0.07% $15k+
0.35%*$100k*-Ovation Business Checking
OTHER TIERS: 0.15% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.25%--Business Dividend Checking
0.15%*$2k*-Elite Checking
OTHER TIERS: 0.11% Up to $2k
0.07%--Advantage 50 Checking
0.07%--Performance Checking

INOVA Federal Credit Union CD Rates

0.80%$200-5 Year CD
0.80%$200-5 Year Step-Up CD
0.70%$200-6 Year CD
0.70%$200-6 Year Step-Up CD
0.60%$200-4 Year Step-Up CD
0.60%$200-4 Year CD
0.50%$200-3 Year CD
0.50%$200-3 Year Step-Up CD
0.40%$200-30 Month CD
0.40%$200-30 Month Step-Up CD
0.35%$200-2 Year CD
0.35%$200-2 Year Step-Up CD
0.30%$200-1 Year CD
0.30%$200-18 Month CD
0.30%$200-1 Year Step-Up CD
0.30%$200-18 Month Step-Up CD
0.20%$200-6 Month CD
0.10%$200-91 Day CD
0.10%$200-91 Day Step-Up CD
0.05%$200-30 Day CD
0.05%$200-60 Day CD

INOVA Federal Credit Union IRA Rates

0.80%$200-5 Year IRA
0.80%$200-5 Year Step-Up IRA
0.70%$200-6 Year IRA
0.70%$200-6 Year Step-Up IRA
0.60%$200-4 Year IRA
0.60%$200-4 Year Step-Up IRA
0.50%$200-3 Year IRA
0.50%$200-3 Year Step-Up IRA
0.40%$200-30 Month IRA
0.40%$200-30 Month Step-Up IRA
0.35%$200-2 Year IRA
0.35%$200-2 Year Step-Up IRA
0.30%$200-1 Year IRA
0.30%$200-18 Month IRA
0.30%$200-1 Year Step-Up IRA
0.30%$200-18 Month Step-Up IRA
0.20%$200-6 Month IRA
0.10%$200-91 Day IRA
0.10%$200-91 Day Step-Up IRA
0.05%$200-30 Day IRA

INOVA Federal Credit Union Locations
Branch Office358 S Elkhart AveElkhart, IN 46516
Branch Office619 County Road 6 EElkhart, IN 46514
Branch Office661 County Road 17Elkhart, IN 46516
Branch Office605 E University DrGranger, IN 46530
Branch Office1025 S Carroll AveMichigan City, IN 46360
Branch Office2607 7th St Ste ABerkeley, CA 94710-2571
Branch Office121 E Grove StMishawaka, IN 46545

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