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Overview / Commentary
574-294-6553
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. 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

Membership is open to anyone through joining the Elkhart River Restoration Association or Tru Direction. Membership is also open to employees of any of the Credit Union's Select Employer Groups or as a family member of an existing member. (Membership requirements are listed in the credit union's online application.)
See current membership details

Related Posts

INOVA FCU's Shield Checking APY Jumps - 3/5/2018

INOVA FCU (easy membership) has hiked the rate on its Shield Checking to 3.00% APY on qualifying balances of $15k. A minimum $3.5 balance must be maintained to qualify.

INOVA FCU Offers "Be Our Valentine" 14-Month CD - 2/10/2018

INOVA FCU (easy membership) is offering limited-time special rates on its 14-month CD (2.30% APY) and 30-month CD (2.55% APY). Minimum $50k deposit required.

INOVA Raises APY On 14M, 30M CD Specials. Quick Look. - 2/9/2018

INOVA Federal Credit Union raised the APY on some of its' CD specials today, February 8, 2018: 14 mon CD APY (was 1.75%) now 2.30% 30 mon CD APY (was ?.??%) now 2.30% (min $200) 30 mon CD APY (was 2.00%) now 2.55% (min $50K) Easy membership. http://www.inovafcu.org/rates/deposits/certificates.html c.f. https://www.depositaccounts.com/banks/inova-fcu/offers/

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Pleased With Inova

Posted by: Ally6770 | Mar 28, 2014

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

Posted by: Alan | May 17, 2014

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

Posted by: bobfc | Jun 15, 2014

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.

Beware - Potential Lost Interest On Early CD Withdrawal

Posted by: SYC | Mar 19, 2018

If you do an early withdrawal of your CD with INOVA FCU, make sure to request that the early withdrawal to be done by INOVA FCU on the NEXT FIRST banking day of the month.

Otherwise, you will forfeit any interest your CD may have already accumulated from the first day of the month to the withdrawal date.

It was explained to be, after the fact, that INOVA FCU calculates CD interest at the end of a month and unless the CD is kept for the whole month, there would be NO interest paid to the CD in the case of an early withdrawal within that month. Lesson learned and hence this post.

VIEW MORE REVIEWS

Health
B+

Health Grade Components

Overall
NCUA #4968
Year Chartered1942
Employees106
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD9.82%
Annual Interest Income$15.5MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$348.5MM$318.6MM
LoansQ4 2017vs Q4 2016$313.9MM$295.0MM
DepositsQ4 2017vs Q4 2016$288.0MM$267.9MM
Equity CapitalQ4 2017vs Q4 2016$28.6MM$25.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$3.7MM$3.3MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$4.3MM$4.0MM
Real Estate OwnedQ4 2017vs Q4 2016$34.00K$492.00K
  User-submitted Promotions & Notices

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 Raises APY On 14M, 30M CD Specials. Quick Look.

cumulus   |  
INOVA Federal Credit Union raised the APY on some of its' CD specials today, February 8, 2018:

14 mon CD APY (was 1.75%) now 2.30%
30 mon CD APY (was ?.??%) now 2.30% (min $200)
30 mon CD APY (was 2.00%) now 2.55% (min $50K)

Easy membership.
http://www.inovafcu.org/rates/deposits/certificates.html
c.f. https://www.depositaccounts.com/banks/inova-fcu/offers/

Rates
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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.

INOVA Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$200-6 Year CD
2.25%$200-5 Year CD
2.05%$200-14 Month CD
1.85%$200-3 Year CD
1.85%$200-4 Year Step-Up CD
1.35%$200-2 Year CD
1.25%$200-18 Month CD
0.60%$200-1 Year CD
0.50%$200-6 Month CD
0.40%$200-6 Month Step-Up CD
0.14%$200-5 Month CD
0.10%$200-91 Day CD
0.10%$200-91 Day Step-Up CD
Locations


INOVA Federal Credit Union Locations
Branch Office2448 6th stBerkeley, CA 94710
Branch Office358 S Elkhart AveElkhart, IN 46516
Branch Office619 County Road 6 EElkhart, IN 46514
Branch Office661 County Road 17Elkhart, IN 46516
Branch Office12980 Adams Rd Ste GGranger, IN 46530
Branch Office1025 S Carroll AveMichigan City, IN 46360
Branch Office121 E Grove StMishawaka, IN 46545
Branch Office127 Pony Farm RdClayton, NC 27520-9456

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