Inova Federal Credit Union received its charter in 1942 with the original purpose of serving the employees of Miles Laboratories, a health care research company. It now offers a range of deposit and loan products to a wide membership base.
Inova offers a Premium Dividend Rate on its checking account if certain requirements are met and maintained. DepositAccounts.com has recognized the credit union in the past for its reward checking account offering. Inova also has multiple savings and money market account programs to meet its members’ needs, including a health savings account. Its basic savings account option provides bill pay, ATM access, and direct deposit Share certificates with term lengths from 30 days to 6 years are available to members as well, and a flexible CD allows the account holder to change its interest rate once during the life of the CD. Inova’s business banking side includes many similar products and provides services like wiring transfers and escrowing management.
Inova Federal Credit Union online banking features the latest technology which give members access to a customizable home banking webpage, from which they can manage one or multiple accounts. Inova has optimized its website for mobile banking to provide members with access to their accounts from the convenience of their smartphones and tablet devices.
Inova FCU is headquartered in Elkhart, Indiana and serves its members through multiple branches located in several states throughout the country.
INOVA Federal Credit Union offers membership to any U.S. citizen or resident by joining either the Elkhart River Restoration Association or Tru Direction. Employees/members of more than 500 Select Employee Groups also qualify for membership. Immediate family/household members of current INOVA members are also eligible.
See current membership details
I have had an account with Inova for quite a while. I like the 3% on the $20,000. The employees are amazing. No matter who you speak with they give you the correct answers and explain it so that there is no other meaning. Very friendly. They also will email the information.
With many Reward Checking Account customers touting their plans to deposit $15K - $20K in accounts at various banks/CUs, and making 10 'payments' of $1 or less online in 15 minutes, it was only a matter of time before one of the rate leaders in RCA decided, 'enough is enough', and set a minimum purchase high enough to eliminate most of the scammers, and make the RCA plan beneficial to customers and financial institutions. The RCA plans must make sense for both sides. The alternative, for those who have followed the history of the RCAs on Deposit Accounts, has been for financial institutions to drop RCAs completely or to drop the rate far enough to eliminate the scammers. After all, there never has and never will be a 'Free Lunch.' Someone always pays . . .
|Return on Assets - YTD||1.33%|
|Return on Equity - YTD||15.7%|
|Annual Interest Income||$13.4MM|
|Assets and Liabilities|
|Assets||Q3 2018vs Q3 2017||$381.8MM$341.8MM|
|Loans||Q3 2018vs Q3 2017||$340.3MM$302.5MM|
|Deposits||Q3 2018vs Q3 2017||$314.9MM$278.3MM|
|Equity Capital||Q3 2018vs Q3 2017||$32.4MM$27.9MM|
|Loan Loss Allowance||Q3 2018vs Q3 2017||$3.7MM$3.6MM|
|Unbacked Noncurrent Loans||Q3 2018vs Q3 2017||$3.0MM$3.7MM|
|Real Estate Owned||Q3 2018vs Q3 2017||$0$130.00K|
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Rates for INOVA Federal Credit Union are currently being reviewed.
|INOVA Federal Credit Union Locations|
|Branch Office||2607 7th St Ste A||Berkeley, CA 94710-2571|
|Branch Office||358 S Elkhart Ave||Elkhart, IN 46516|
|Branch Office||619 County Road 6 E||Elkhart, IN 46514|
|Branch Office||661 County Road 17||Elkhart, IN 46516|
|Branch Office||12980 Adams Rd Ste G||Granger, IN 46530|
|Branch Office||1025 S Carroll Ave||Michigan City, IN 46360|
|Branch Office||121 E Grove St||Mishawaka, IN 46545|