Indiana Members Credit Union

Indiana Members Credit Union Overview

Indiana Members Credit Union is located in Indianapolis, IN. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2019, Indiana Members Credit Union employed 425 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Members Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Indiana Members Credit Union generated $91.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $75.2m during the year ending 12/2019. While expenses have increased by 10.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

STATE-CHARTERED CREDIT UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE TAKE IN DEPOSITS AND MAKE LOANS FOR THOSE WHO, IN SOME CASES, WOULD NOT HAVE ACCESS TO ANOTHER FINANCIAL INSTITUTION.


WE INVEST EXCESS FUNDS ON BEHALF OF OUR MEMBERS, AND RETURN THE PROFITS TO THE MEMBERS IN THE FORM OF DIVIDENDS.


WE PROVIDE SERVICES TO MEMBERS AT BELOW-MARKET FEES.


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Indiana Members Credit Union Board, Officers & Key Employees

Name (title)Compensation
Ronny Collier
CEO
$761,345
Todd Habig
Senior Vice President
$366,909
John Newett
Senior Vice President
$244,830
Patrick Murphy
Vice President
$241,079
Gregory Perrey
Financial Services Advisor
$222,830
Jeffrey Hawkins
Vice President
$214,386

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$47,607,367
Investment income $18,870,599
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $91,570,377

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