Members Source Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | 1-year CD | 12 Month Share Certificate 1.40% - Synchrony Bank 12 Month CD |
| 0.15% | Savings | Share Savings |
| 1.51% | 3-year CD | 36 Month Share Certificate 1.85% - Synchrony Bank 36 Month CD |
Members Source Credit Union is headquartered in Merrillville and is the 45th largest credit union in the state of Indiana. It is also the 1,839th largest credit union in the nation. It was established in 1935 and as of March of 2017, it had grown to 15 employees and 7,282 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
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 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68562 |
| Year Chartered | 1935 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.1% |
| Return on Equity - YTD | 0.93% |
| Annual Interest Income | $476.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $79.3MM$76.0MM |
| Loans | Q1 2017vs Q1 2016 | $27.0MM$24.1MM |
| Deposits | Q1 2017vs Q1 2016 | $70.5MM$67.0MM |
| Equity Capital | Q1 2017vs Q1 2016 | $8.6MM$8.8MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $119.00K$87.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $71.00K$138.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $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 |
|---|---|---|---|---|
| 0.20% | - | - | IRA Savings | |
| 0.20% | - | - | Health Savings Account | |
| 0.20% | - | - | Education 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01% | - | - | Checking Account |
Members Source Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 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 |