Members Source Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.90% | 1-year CD | 12 Month Save To Win Certificate 2.40% - Ally Bank High Yield 12-Month CD |
| 0.25% | Savings | Share Savings |
| 2.25% | 3-year CD | 36 Month Share Certificate 2.55% - Ally Bank High Yield 3 Year CD |
Members Source Credit Union is headquartered in Merrillville and is the 44th largest credit union in the state of Indiana. It is also the 1,843rd largest credit union in the nation. It was established in 1935 and as of March of 2018, it had grown to 18 employees and 6,860 members at 5 locations. Members Source Credit Union's money market rates are 36% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Lake, Porter, LaPorte, or Jasper Counties in Indiana.
See current membership details
They Will Churn Your Account
this CU is Notorious in the area, for monitoring your transactions, and deciding how to "cascade" your account to create 1 overdraft. Once that first overdraft hits they will use their 30+ dollar fee to overdraft EVERY transaction they possibly can. They will manipulate when your charges drop sometimes days after you make the purchases. In order to generate "churn" fees. Watch out for these folks NEVER direct deposit with them. you checks will always go to them ontime like clockwork, but they will churn you up and take your check with their fees. This is not illegal it is just predatory. keep this in mind when making a decision to go with Members Source Credit Union based out of Merillville.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68562 |
| Year Chartered | 1935 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 2.97% |
| Annual Interest Income | $505.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $79.4MM$79.3MM |
| Loans | Q1 2018vs Q1 2017 | $27.2MM$27.0MM |
| Deposits | Q1 2018vs Q1 2017 | $70.2MM$70.5MM |
| Equity Capital | Q1 2018vs Q1 2017 | $8.8MM$8.6MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $112.00K$119.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $167.00K$71.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Members Source 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.
Members Source Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.35% | - | - | IRA Savings | |
| 0.35% | - | - | Health Savings Account | |
| 0.25% | - | - | Share Savings | |
| 0.25% | - | - | Club Accounts |
Members Source Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.60%* | $50k* | - | Money Market Account | ||
| OTHER TIERS: 0.25% → $2,500 - $5k | 0.40% → $5k - $25k | 0.50% → $25k - $50k | |||||
Members Source Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01% | - | - | Checking Account |
Members Source Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $1k | - | 36 Month Share Certificate | |
| 1.65% | $1k | - | 24 Month Share Certificate | |
| 1.25% | $1k | - | 18 Month Share Certificate | |
| 0.90% | $1k | - | 12 Month Share Certificate | |
| 0.90% | $25 | - | 12 Month Save To Win Certificate | |
| 0.70% | $1k | - | 6 Month Share Certificate |
Members Source Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $1k | - | 36 Month IRA Share Certificate | |
| 1.65% | $1k | - | 24 Month IRA Share Certificate | |
| 1.25% | $1k | - | 18 Month IRA Share Certificate | |
| 0.90% | $1k | - | 12 Month IRA Share Certificate | |
| 0.70% | $1k | - | 6 Month IRA Share Certificate |
| Members Source Credit Union Locations | ||
|---|---|---|
| Branch Office | 306 Ridge Rd | Munster, IN 46321 |
| Branch Office | 8580 Virginia St | Merrillville, IN 46410 |
| Branch Office | Franciscan Health Hammond 5454 Hohman Ave | Hammond, IN 46320 |
| Branch Office | Franciscan Health Dyer 24 Joliet St | Dyer, IN 46311 |
| Branch Office | 1903 W Glen Park Ave | Griffith, IN 46319-3703 |