Overview / Commentary
574-294-6553
358 S Elkhart Ave
Elkhart, IN 46516

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.

Field of Membership Restrictions

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

Related Posts

Appears Cd Rates Went Down Today. 14 Month Now 2.75 APY - 1/18/2019

https://www.inovafederal.org/services-tools/tools/rates.html 14 month cd was 3.00APY yesterday confirmed with CSR, but now shows 2.75 APY.

INOVA - 5 And 6 Year Certificates With New Rates - 1/9/2019

Minimum $200 5 Year, 6 Year (APY), respectively Regular 3.40%, 3.45% Regular Step Up 3.40%, 3.45% IRA 3.65%, 3.70% IRA Step Up 3.65%, 3.70%

New 5 Year CD Rates - 12/24/2018

It appears that INOVA FCU has 3.8% APY for 5 year CD and 4.0% for 6 -year. Does anyone know if the CDs need to be opened in-branch?

View all posts from:


Pleased With Inova

Posted by: Ally6770 | Mar 28, 2014

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.

NO Free Lunch

Posted by: Alan | May 17, 2014

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 . . .

New Requirements For INOVA 5-$51 Puchases

Posted by: bobfc | Jun 15, 2014

Begining July 1, 2014, INOVA FCU no longer require 15 signature based purchases per monthly cycle. The new requirement is five signature based purchases, at least $51.00 each.

BAIT AND SWITCH

Posted by: RonPaul | Dec 26, 2018

I signed up for the 6 year CD at 4% and then 2 days later they told me they will not honor it. Probably because they had too many applications for it. Terrible credit union. Total scam.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
NCUA #4968
Year Chartered1942
Employees117
Primary Regulator
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD15.7%
Annual Interest Income$13.4MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$381.8MM$341.8MM
LoansQ3 2018vs Q3 2017$340.3MM$302.5MM
DepositsQ3 2018vs Q3 2017$314.9MM$278.3MM
Equity CapitalQ3 2018vs Q3 2017$32.4MM$27.9MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.7MM$3.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$3.0MM$3.7MM
Real Estate OwnedQ3 2018vs Q3 2017$0$130.00K
  User-submitted Promotions & Notices

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.

Appears Cd Rates Went Down Today. 14 Month Now 2.75 APY

timnok   |  
https://www.inovafederal.org/services-tools/tools/rates.html

14 month cd was 3.00APY yesterday confirmed with CSR, but now shows 2.75 APY.

INOVA - 5 And 6 Year Certificates With New Rates

SYC   |  
Minimum $200

5 Year, 6 Year (APY), respectively

Regular 3.40%, 3.45%
Regular Step Up 3.40%, 3.45%

IRA 3.65%, 3.70%
IRA Step Up 3.65%, 3.70%

New 5 Year CD Rates

Skodaddy   |  
It appears that INOVA FCU has 3.8% APY for 5 year CD and 4.0% for 6 -year. Does anyone know if the CDs need to be opened in-branch?

Update On INOVA

Bozo   |  
INOVA's 14-month 2.4% "new money" $50,000 CD appears kaput, but, wait, there's good news. I just checked their website, and a new deal has popped up. For a minimum of $20,000, you can get 2.45% APY on a 14-month CD. INOVA seems to love 14-month CDs. New money is not required for this offering, best I can tell.

Rates

Rates for INOVA Federal Credit Union are currently being reviewed.

Locations


INOVA Federal Credit Union Locations
Branch Office2607 7th St Ste ABerkeley, CA 94710-2571
Branch Office358 S Elkhart AveElkhart, IN 46516
Branch Office619 County Road 6 EElkhart, IN 46514
Branch Office661 County Road 17Elkhart, IN 46516
Branch Office12980 Adams Rd Ste GGranger, IN 46530
Branch Office1025 S Carroll AveMichigan City, IN 46360
Branch Office121 E Grove StMishawaka, IN 46545

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