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
6/19 - Cd Rates Well Below The Rates On Depositaccounts
2/14 - INOVA IRA Rates Plummet
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
Great Service For IRA Dept.
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!
Great FCU!
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!
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 Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4968 |
| Year Chartered | 1942 |
| Employees | 119 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 10.82% |
| Annual Interest Income | $10.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $436.3MM$384.0MM |
| Loans | Q2 2019vs Q2 2018 | $370.7MM$336.1MM |
| Deposits | Q2 2019vs Q2 2018 | $367.8MM$299.9MM |
| Equity Capital | Q2 2019vs Q2 2018 | $35.0MM$31.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $4.1MM$3.6MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $3.3MM$2.9MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
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.
Cd Rates Well Below The Rates On Depositaccounts
Rates for INOVA Federal Credit Union are currently being reviewed.
| INOVA Federal Credit Union Locations | ||
|---|---|---|
| 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 | 2607 7th St Ste A | Berkeley, CA 94710-2571 |
| Branch Office | 121 E Grove St | Mishawaka, IN 46545 |