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.
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
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!
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.
That's right! The rate is actually higher and is offered as a 1 time step up. As of 4-2-2022 the 5 year IRA interest rate is 2.23 (2.25 apy). Great for those of us that expect rates to soon go higher. We are very pleased with Inova. The customer service has been top notch.
I don't know who came up with this new system of keeping the customers away from the tellers, but I thought it was fine before! Now you come into your downtown headquarters and have to explain to someone else what transactions you want to do and they try to do the banking for you. I came in today and paid on my house loan and person who tried to help was a trainee (no reflection on them) and it took many attempts to complete the transaction. If it would have been a typical customer/teller transaction it could have been completed in much shorter time. I don't know why you want to want to try and change something that's been done for many years and has been successful. Please don't mess with Teller Phone also!
|Return on Assets - YTD||1.13%|
|Return on Equity - YTD||13.5%|
|Annual Interest Income||$12.0MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$603.1MM$543.6MM|
|Loans||Q2 2022vs Q2 2021||$559.0MM$494.3MM|
|Deposits||Q2 2022vs Q2 2021||$485.9MM$469.5MM|
|Equity Capital||Q2 2022vs Q2 2021||$49.7MM$44.0MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$5.6MM$5.1MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$1.9MM$2.7MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
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||605 E University Dr||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|