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Members Source Credit Union

Popular Accounts at this Credit Union

0.50%1-year CD12 Month Share Certificate
0.15%SavingsShare Savings
1.51%3-year CD36 Month Share Certificate

Overview / Commentary
8580 Virginia St
Merrillville, IN 46410

Members Source Credit Union is headquartered in Merrillville and is the 44th largest credit union in the state of Indiana. It is also the 1,857th largest credit union in the nation. It was established in 1935 and as of December of 2016, it had grown to 15 employees and 7,269 members at 5 locations. Members Source Credit Union has an A 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

Reviews (1)

They Will Churn Your Account

Posted by: buckybcat | Jul 20, 2013

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.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Members Source Credit Union has a relatively low asset base.

Health Grade Components

NCUA #68562
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.07%
Return on Equity - YTD0.65%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$75.9MM$73.7MM
LoansQ4 2016vs Q4 2015$26.6MM$24.1MM
DepositsQ4 2016vs Q4 2015$67.2MM$65.2MM
Equity CapitalQ4 2016vs Q4 2015$8.6MM$8.4MM
Loan Loss AllowanceQ4 2016vs Q4 2015$96.00K$80.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$105.00K$119.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
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* 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

0.20%--IRA Savings
0.15%--Share Savings
0.15%--Kids Club
0.15%--Special Club
0.15%--Vacation Club
0.15%--Christmas Club

Members Source Credit Union Money Market Rates

0.35%*$50k*-Money Market Account
OTHER TIERS: 0.20% $2,500 - $5k | 0.25% $5k - $25k | 0.30% $25k - $50k

Members Source Credit Union Checking Account Rates

0.01%--Checking Account

Members Source Credit Union CD Rates

1.51%$1k-36 Month Share Certificate
1.11%$1k-24 Month Share Certificate
0.75%$1k-18 Month Share Certificate
0.60%$25-12 Month Save To Win Certificate
0.50%$1k-12 Month Share Certificate
0.40%$1k-6 Month Share Certificate

Members Source Credit Union IRA Rates

1.51%$1k-36 Month IRA Share Certificate
1.11%$1k-24 Month IRA Share Certificate
0.75%$1k-18 Month IRA Share Certificate
0.50%$1k-12 Month IRA Share Certificate
0.40%$1k-6 Month IRA Share Certificate

Members Source Credit Union Locations
Branch Office306 Ridge RdMunster, IN 46321
Branch Office8580 Virginia StMerrillville, IN 46410
Branch OfficeFranciscan Health Hammond 5454 Hohman AveHammond, IN 46320
Branch OfficeFranciscan Health Dyer 24 Joliet StDyer, IN 46311
Branch Office1903 W Glen Park AveGriffith, IN 46319-3703