Indiana Members Credit Union
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 Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* 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.
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 Range | APY |
|---|---|
| $1 - $2,500 | 0.75% |
| $2,500 - $10,000 | 1.00% |
| $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
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
Sentiment data coming soon
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