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Indiana Members Credit Union

Best ForActive Investors & Savers
FeesNone ($0 Maintenance)

Quick Summary

  • Indiana credit union
  • Investment options
  • NCUA insured

The Verdict

Indiana Members Credit Union provides essential HSA features with zero monthly maintenance fees and self-directed brokerage access, mutual fund investing, CD options, earning a 2.3/5.0 rating from HSA Orbit.

Indiana Members Credit Union was established as Indiana University Medical Center Federal Credit Union in 1956 by employees of the Indiana University Medical Center, on what is today’s IU Indianapolis Campus. Established as a member-owned, not-for-profit financial institution, founded on and by the employees of the IU Medical Center, IMCU is still headquartered in Indianapolis and continues to maintain a branch on the campus of IU Indianapolis. Today, IMCU has grown to become the largest credit union in Central Indiana, offering 31 full-service branches and serving over 160,000+ members.

Key Features

Banking & Access

Includes debit card, online banking and check-writing.

Investment Options

Offers self-directed brokerage, mutual fund investing and CDs.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

No minimum balance to open. no account opening fees.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance*$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

* No monthly fee

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Brokerage Access

Indiana Members Credit Union provides a self-directed brokerage window for investing your HSA funds in the broader market.

StocksETFsMutual FundsCDs

Mutual Fund Investing

Access mutual fund investments through your HSA with Indiana Members Credit Union.

  • Minimum Threshold$2,500
  • FeesmyHSA Investments mutual fund platform + CDs

Interest Rates

Standard Rates

Balance RangeAPY
$1 - $2,5000.75%
$2,500 - $10,0001.00%
$10,000+1.51%

Last updated: 06-12-2025

Contact Information

Address

Indiana Members Credit Union C/O Member Services P.O. Box 47769 Indianapolis, Indiana 46247

Customer Service

800-556-9268

Indiana Members Credit Union C/O Member Services P.O. Box 47769 Indianapolis, Indiana 46247

Sales Contact

317-554-8163

At a Glance

Monthly Fee$0
Investment Threshold$2,500
Interest Rate (Cash)~1.51%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • Self-directed brokerage access
  • FDIC/NCUA insured deposits

The Bad

  • $2,500 minimum to invest

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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