Member Message

Important Notice:

In the past few days, Federal Regulators have shut down Silicon Valley Bank (SVB) and Signature Bank due to lack of liquidity. These banks operated very different from traditional financial institutions and were closely tied to higher risk tech, venture capital, and cryptocurrency companies. According to regulators, all depositors of both institutions will have access to their full deposits and losses will not be borne by taxpayers. Indiana Members Credit Union had no exposure to either of these institutions.

Members should know that Indiana Members Credit Union is a safe place to save money, has a strong net worth, and is in a strong financial position to meet the saving and borrowing needs of our members. We continue to have a very strong liquidity position and remain well capitalized. Our operating philosophy of “keeping it simple” has served us well since 1956, and will continue to allow us to provide our members financial services long into the future.

Deposits are insured by the National Credit Union Share Insurance Fund up to at least $250,000 per individual depositor – the same as any other federally insured financial institution.