INOVA Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.00% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.25% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 3.25% | 6+ Year CD | 2.33% - National Average |
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. DepositAccounts.com 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 offers membership to any U.S. citizen or resident by joining either the Elkhart River Restoration Association or Tru Direction. Employees/members of more than 500 Select Employee Groups also qualify for membership. Immediate family/household members of current INOVA members are also eligible.
See current membership details
Related Posts
1/26 - 3.25% Step Up 30 Month CD
1/18 - Appears Cd Rates Went Down Today. 14 Month Now 2.75 APY
1/9 - INOVA - 5 And 6 Year Certificates With New Rates
12/24 - INOVA Federal Credit Union Ups 14-Month CD To 3.00% APY
11/9 - Update On INOVA
5/28 - INOVA FCU (Easy Membership) Boosts 5-Year CD Rate
5/27 - INOVA FCU 5-Year CD To 3% and 2.9% with step-up, Minimum of Only $200, Easy Membership
3/5 - INOVA FCU's Shield Checking APY Jumps
2/10 - INOVA FCU Offers "Be Our Valentine" 14-Month CD
2/9 - INOVA Raises APY On 14M, 30M CD Specials. Quick Look.
10/2 - INOVA FCU Added 14 Month Certificate 1.75% APY
9/1 - INOVA FCU Raises Rate On Nationally Available 30-Month CD
6/13 - INOVA FCU Offers 42-Month Certificate of Appreciation
2/13 - 14 Month 1.85% Special CD Closing Today.
2/8 - INOVA FCU Celebrates 75 Years With 14-Month CD
2/8 - 75th Anniversary 14-Month CD Special, 1.75% APY
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
Pleased With Inova
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.
NO Free Lunch
With many Reward Checking Account customers touting their plans to deposit $15K - $20K in accounts at various banks/CUs, and making 10 'payments' of $1 or less online in 15 minutes, it was only a matter of time before one of the rate leaders in RCA decided, 'enough is enough', and set a minimum purchase high enough to eliminate most of the scammers, and make the RCA plan beneficial to customers and financial institutions. The RCA plans must make sense for both sides. The alternative, for those who have followed the history of the RCAs on Deposit Accounts, has been for financial institutions to drop RCAs completely or to drop the rate far enough to eliminate the scammers. After all, there never has and never will be a 'Free Lunch.' Someone always pays . . .
New Requirements For INOVA 5-$51 Puchases
Begining July 1, 2014, INOVA FCU no longer require 15 signature based purchases per monthly cycle. The new requirement is five signature based purchases, at least $51.00 each.
BAIT AND SWITCH
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4968 |
| Year Chartered | 1942 |
| Employees | 115 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 13.76% |
| Annual Interest Income | $18.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $392.3MM$348.5MM |
| Loans | Q4 2018vs Q4 2017 | $356.4MM$313.9MM |
| Deposits | Q4 2018vs Q4 2017 | $317.7MM$288.0MM |
| Equity Capital | Q4 2018vs Q4 2017 | $33.1MM$28.6MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $3.9MM$3.7MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $3.3MM$4.3MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$34.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
INOVA IRA Rates Plummet
The 30 month IRA CD rate had been 3.5%... now 2.75%
6 year IRA CD had been 3.7%... now 3.5%
5 year IRA CD had been 3.65%... now 3.25%
I had been working on forms to transfer an IRA from a brokerage (which can be slow), and was concerned about exactly this.
3.25% Step Up 30 Month CD
https://www.inovafederal.org/services-tools/tools/rates.html
Appears Cd Rates Went Down Today. 14 Month Now 2.75 APY
14 month cd was 3.00APY yesterday confirmed with CSR, but now shows 2.75 APY.
INOVA - 5 And 6 Year Certificates With New Rates
5 Year, 6 Year (APY), respectively
Regular 3.40%, 3.45%
Regular Step Up 3.40%, 3.45%
IRA 3.65%, 3.70%
IRA Step Up 3.65%, 3.70%
New 5 Year CD Rates
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01% | $100 | - | Membership Savings | |
| 0.01% | - | - | Special Savings | |
| 0.01% | $100 | - | Christmas Club | |
| 0.01% | - | - | Health Savings Account | |
| 0.01% | - | - | IRA Savings |
INOVA Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.50% | $100k | - | Platinum Money Market Savings | ||
| 1.25% | $50k | - | Gold Money Market Savings | ||
| 0.40%* | $100k* | - | Financial Management Account | ||
| OTHER TIERS: 0.01% → Up to $10k | 0.10% → $10k - $25k | 0.20% → $25k - $50k | 0.35% → $50k - $100k | |||||
| 0.40%* | $100k* | - | IRA Financial Management Account | ||
| OTHER TIERS: 0.01% → Up to $10k | 0.10% → $10k - $25k | 0.20% → $25k - $50k | 0.35% → $50k - $100k | |||||
| 0.05% | - | - | IRA Money Market Savings | ||
INOVA Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%* | - | $15k | Shield 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%* | $2k* | - | Elite Checking | ||
| OTHER TIERS: 0.11% → Up to $2k | |||||
| 0.25% | - | - | Business Dividend Checking | ||
| 0.07% | - | - | Advantage 50 Checking | ||
| 0.07% | - | - | Performance Checking | ||
INOVA Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.25% | $200 | - | 6 Year CD | |
| 3.25% | $200 | - | 6 Year Step-Up CD | |
| 3.00% | $200 | - | 5 Year CD | |
| 3.00% | $200 | - | 5 Year Step-Up CD | |
| 2.75% | $200 | - | 4 Year Step-Up CD | |
| 2.75% | $200 | - | 4 Year CD | |
| 2.50% | $200 | - | 3 Year CD | |
| 2.50% | $200 | - | 3 Year Step-Up CD | |
| 2.50% | $200 | - | 30 Month CD | |
| 2.50% | $200 | - | 30 Month Step-Up CD | |
| 1.85% | $200 | - | 2 Year CD | |
| 1.85% | $200 | - | 2 Year Step-Up CD | |
| 1.50% | $200 | - | 18 Month CD | |
| 1.50% | $200 | - | 18 Month Step-Up CD | |
| 1.25% | $200 | - | 14 Month CD | |
| 1.25% | $200 | - | 14 Month Step-Up CD | |
| 1.00% | $200 | - | 1 Year CD | |
| 1.00% | $200 | - | 1 Year Step-Up CD | |
| 0.85% | $200 | - | 7 Month CD | |
| 0.75% | $200 | - | 5 Month Step-Up CD | |
| 0.75% | $200 | - | 6 Month CD | |
| 0.75% | $200 | - | 5 Month CD | |
| 0.75% | $200 | - | 6 Month Step-Up CD | |
| 0.35% | $200 | - | 91 Day CD | |
| 0.35% | $200 | - | 91 Day Step-Up CD | |
| 0.35% | $200 | - | 30 Day CD | |
| 0.35% | $200 | - | 60 Day CD |
INOVA Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.50% | $200 | - | 6 Year IRA | |
| 3.50% | $200 | - | 6 Year Step-Up IRA | |
| 3.25% | $200 | - | 5 Year IRA | |
| 3.25% | $200 | - | 5 Year Step-Up IRA | |
| 3.00% | $200 | - | 4 Year IRA | |
| 3.00% | $200 | - | 4 Year Step-Up IRA | |
| 2.75% | $200 | - | 3 Year IRA | |
| 2.75% | $200 | - | 3 Year Step-Up IRA | |
| 2.75% | $200 | - | 30 Month IRA | |
| 2.75% | $200 | - | 30 Month Step-Up IRA | |
| 2.10% | $200 | - | 2 Year IRA | |
| 2.10% | $200 | - | 2 Year Step-Up IRA | |
| 1.75% | $200 | - | 18 Month IRA | |
| 1.75% | $200 | - | 18 Month Step-Up IRA | |
| 1.50% | $200 | - | 14 Month IRA | |
| 1.50% | $200 | - | 14 Month Step-Up IRA | |
| 1.25% | $200 | - | 1 Year IRA | |
| 1.25% | $200 | - | 1 Year Step-Up IRA | |
| 1.10% | $200 | - | 7 Month IRA | |
| 1.10% | $200 | - | 7 Month Step-Up IRA | |
| 1.00% | $200 | - | 6 Month IRA | |
| 1.00% | $200 | - | 6 Month Step-Up IRA | |
| 1.00% | $200 | - | 5 Month IRA | |
| 1.00% | $200 | - | 5 Month Step-Up IRA | |
| 0.60% | $200 | - | 91 Day IRA | |
| 0.60% | $200 | - | 91 Day Step-Up IRA | |
| 0.60% | - | - | 30 Day IRA |
| INOVA Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2607 7th St Ste A | Berkeley, CA 94710-2571 |
| Branch Office | 358 S Elkhart Ave | Elkhart, IN 46516 |
| Branch Office | 619 County Road 6 E | Elkhart, IN 46514 |
| Branch Office | 661 County Road 17 | Elkhart, IN 46516 |
| Branch Office | 12980 Adams Rd Ste G | Granger, IN 46530 |
| Branch Office | 1025 S Carroll Ave | Michigan City, IN 46360 |
| Branch Office | 121 E Grove St | Mishawaka, IN 46545 |