INOVA Federal Credit Union

Overview / Commentary
358 S Elkhart Ave
Elkhart, IN 46516

INOVA 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 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 through the Tru Direction Financial Literacy program ($5 donation). Membership is also open to employees or members of over 1,800 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 Federal Credit Union 8-Month CD Has Market-Leading Rate - 12/16/2023

INOVA Federal Credit Union (easy membership) has added an 8-month CD Special with a near rate-leading APY. $200 minimum deposit. Also as an IRA CD Special.

INOVA Federal Credit Union Adds Nationally Available 10-Month CD - 11/9/2023

INOVA Federal Credit Union (easy membership) has added a competitive 10-month CD. Minimum opening deposit is $200, with no stated balance cap.

INOVA Federal Has Nationally Available Rate-Leading 9-Month CD - Expired - 10/5/2023

INOVA Federal Credit Union (easy membership) has added two competitive CD Specials - 9-month and 12-month. Minimum opening deposit is $200, with no stated balance cap.

View all posts from:

4/7/20 - Rate Collapse
3/12/20 - Mattress Money
2/3/20 - INOVA Federal Credit Union's 14-Month CD Special APY Is On Top
1/24/20 - INOVA Federal Credit Union Adds 100 Basis Points To 18-Month IRA/CD
1/24/20 - New Deals On 18-Month (2.5% IRA/2.25% Regular)
6/27/19 - INOVA Federal Credit Union Has 14-Month IRA, 2.95% APY
6/19/19 - Cd Rates Well Below The Rates On Depositaccounts
2/14/19 - INOVA IRA Rates Plummet
1/26/19 - 3.25% Step Up 30 Month CD
1/18/19 - Appears Cd Rates Went Down Today. 14 Month Now 2.75 APY
1/9/19 - INOVA - 5 And 6 Year Certificates With New Rates
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

6% No More

Posted by: |

10 month 5.75%. I called on 11-14-23

Not Available Online

Posted by: |

Cant get the 8m 5.75% online. No option to get it.

Please Just Leave Things The Way They Were!

Posted by: |

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!

There Is No 6.0%CD

Posted by: |

Why is this website advertising something that does not exist !! THERE IS NO 12MONTH CD AT 6% AT THIS CREDIT UNION. NEVER HAS BEEN. YET ITS STILL HERE !! GET YOUR ACT TOGETHER !!!



Health Grade Components

NCUA #4968
Year Chartered1942
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD7.04%
Annual Interest Income$25.6MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$701.1MM$629.4MM
LoansQ3 2023vs Q3 2022$630.4MM$582.9MM
DepositsQ3 2023vs Q3 2022$561MM$498.5MM
Equity CapitalQ3 2023vs Q3 2022$53.4MM$50.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$8.5MM$6.3MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$4.3MM$2.9MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0

Rates for INOVA Federal Credit Union are currently being reviewed.


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 Office602 N Main StMishawaka, IN 46545

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.