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Members Source Credit Union

Popular Accounts at this Credit Union

0.65%1-year CD12 Month Share Certificate
0.20%SavingsShare Savings
1.76%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 45th largest credit union in the state of Indiana. It is also the 1,856th largest credit union in the nation. It was established in 1935 and as of September of 2017, it had grown to 15 employees and 7,177 members at 5 locations. Members Source Credit Union's money market rates are 14% 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

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 - YTD0.1%
Return on Equity - YTD0.93%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$77.1MM$76.4MM
LoansQ3 2017vs Q3 2016$27.5MM$26.1MM
DepositsQ3 2017vs Q3 2016$68.0MM$67.6MM
Equity CapitalQ3 2017vs Q3 2016$8.6MM$8.6MM
Loan Loss AllowanceQ3 2017vs Q3 2016$132.00K$105.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$223.00K$166.00K
Real Estate OwnedQ3 2017vs Q3 2016$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

0.30%--IRA Savings
0.30%--Health Savings Account
0.20%--Share Savings
0.20%--Special Club
0.20%--Vacation Club
0.20%--Christmas Club

Members Source Credit Union Money Market Rates

0.50%*$50k*-Money Market Account
OTHER TIERS: 0.20% $2,500 - $5k | 0.35% $5k - $25k | 0.40% $25k - $50k

Members Source Credit Union Checking Account Rates

0.01%--Checking Account

Members Source Credit Union CD Rates

1.76%$1k-36 Month Share Certificate
1.26%$1k-24 Month Share Certificate
0.90%$1k-18 Month Share Certificate
0.75%$25-12 Month Save To Win Certificate
0.65%$1k-12 Month Share Certificate
0.50%$1k-6 Month Share Certificate

Members Source Credit Union IRA Rates

1.87%$1k-36 Month IRA Share Certificate
1.36%$1k-24 Month IRA Share Certificate
1.00%$1k-18 Month IRA Share Certificate
0.75%$1k-12 Month IRA Share Certificate
0.60%$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