We are pleased to report that 2024 was another outstanding year for the IU Credit Union. Thanks to the ongoing support and loyalty of our members and dedicated staff, we achieved a number of significant financial results.
Key accomplishments in 2024 include completing a phone system conversion; implementing an improved debt protection service; adopting ATM as a Service (ATMaaS); implementing numerous recommendations from our member contact analysis; completing a digital experience member survey and establishing baseline measures; and earning our highest ever net promoter/member effort score on member surveys.
IU Credit Union has an unwavering commitment to community involvement and support. We are proud to annually provide more than $300,000 in sponsorships and financial contributions to our community. Through our scholarship program, we awarded more than $40,000 in financial assistance to college students. Additionally, IU Credit Union and its employees contributed $42,711 to the local United Way Campaign.
We thank our members for voting IU Credit Union as “Best Credit Union,” “Best Mortgage Lending Company,” “Best Investment Firm,” “Best Employer” and “Most Eco-Friendly” in the Herald-Times Best of Btown!
We were proud to be named as a Best Place to Work in Indiana by the Indiana Chamber of Commerce for the fourth time.
IU Credit Union achieved impressive financial results in 2024.
Total retail loan balances increased by $43 million. We remained a leader in real estate lending and originated $111 million in residential mortgages. Total real estate balances increased by $29 million. Total business loan balances increased by $69 million. Combined, these results produced loan growth of $112 million, the third largest loan growth amount in IUCU history, with total balances increasing to $1.4 billion.
Total share balances increased by $168 million, the third largest dollar increase in IUCU history. Our net income in 2024 was $15 million.
Total assets exceeded $1.7 billion. Net worth, a key indicator of safety and soundness, was $218 million, or 12% of total assets. IU Credit Union remains well positioned for sustained strong financial performance.
Looking ahead, we will consistently analyze and enhance our processes, products and services in order to maintain our relevance and anticipate and meet our members’ needs in an increasingly digital age. Key objectives for 2025 include conducting an employee engagement survey; completing migration to Episys as a Service (EASE); implementing a digital signature service; completing an analysis of our commercial deposit offerings; completing a branch transformation roadmap analysis with the goal of adapting our physical branches to reflect new branch usage patterns; and continuing our commitment to sustaining strong communities.
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Meggan Coles Undergraduate - $2,500 IU Indianapolis |
Molly Kwok Undergraduate - $2,500 IU Bloomington |
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Liam Walsh Undergraduate - $2,500 IU Bloomington |
Gretchen Wheeler Undergraduate - $2,500 IU Indianapolis |
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Edoardo Lenza Graduate - $2,500 IU Bloomington |
Helena de Menezes Vaz de Mello Graduate - $2,500 IU Bloomington |
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Dimitrije Jovanovic Prof. Bruce Jaffee Scholarship - $5,000 IU Bloomington |
All branches of the IU Credit Union will be closed the following days.
If something comes up during a time we are closed, send us a secure email in Online or Mobile Banking and we will respond as soon as possible during business hours. You can also chat with Ana if you have questions outside of business hours.
IU Credit Union was recently named as one of the Best Places to Work in Indiana. This 20th annual program was created by the Indiana Chamber of Commerce.
The statewide survey and awards program is designed to evaluate participating organizations and honor those with the highest levels of employee satisfaction and engagement in the workplace. This year’s list is made up of 150 companies.
To be considered for participation, companies had to fulfill the following eligibility requirements:
Companies from across the state entered the two-part survey process to determine the Best Places to Work in Indiana. The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. This part of the process, the Employer Assessment, was worth approximately 20% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process, the Employee Feedback Survey, was worth approximately 80% of the total evaluation. The combined scores determined the top companies and the final rankings. Workforce Research Group managed the overall registration and survey process in Indiana, analyzed the data, and determined the final rankings.
The final rankings will be announced at an awards ceremony on April 30, 2025, and then published in the Indiana Chamber’s BizVoice® magazine after the event.
Click here for more information on the Best Places to Work in Indiana program.
We are pleased to welcome Brad Hugunin as a new Vice President of Business Lending. Hugunin comes to IUCU with more than a decade of commercial lending experience, most recently serving as VP, Commercial Lending for German American. He also previously served as Commercial Banker for Adams Bank & Trust and VP, Commercial Lender for First Western Trust.
Hugunin holds a bachelor of science in business administration degree with a marketing specialization from the University of Missouri-Columbia.
We are pleased to welcome Marty Bales as a new Vice President of Business Lending. Bales comes to IUCU with 30 years of total banking experience, 20 of which were spent in the commercial lending sector. He served in the role of Commercial Banking Relationship Manager for First Financial Bank most recently. Additionally, Bales has served as an adjunct professor of accounting for Harrison College, Indiana Wesleyan University, and currently, Ivy Tech Community College.
Bales holds a bachelor of science in accounting and an MBA in accounting and business/management, both from Indiana Wesleyan University.
Are your sights set on a new home? Look no further than IUCU for all your mortgage needs! Whether you're purchasing your starter home, downsizing in retirement, or anywhere in between, we have a mortgage option for you!
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Proud to be an American? Dreaming of the beach 24/7? Big fan of all things Bloomington? If any of these describe you, we've got a new debit card design with your name on it! Call, email, or stop by any IUCU branch to request your new design today.
Rock the Block is a timed 10K, family-friendly 5K walk/run, and a free Kids Run. The event includes scenic courses, food, music, vendors, awards and giveaways — guaranteeing fun for everyone!
Proceeds benefit area trail projects and organizations serving youth and families of the Center Grove School Corporation area and Johnson County. Register to Rock the Block with us!
IU Credit Union proudly supports Rock the Block.
Tails on the Town is a carnival party benefitting Monroe County Humane Association. This 17th annual event will feature food, cocktails and mocktails, games, live music by Jayne Bond & The Pink Martinis, dancing, and an auction and raffle prizes. Please note, this event is for adults 21 and older. IU Credit Union proudly supports Tails on the Town.
In partnership with the Town of Ellettsville, B97 and Hoosier Country 105.1 are thrilled to launch a new Summer Concert Series from May 24, 2025 through July 26, 2025, at Marci Jane Lewis Park in Ellettsville. Admission is free and food trucks will be onsite for food and beverage purchases. Mark your calendar now so you don't miss great live music every Saturday. Don't forget to stop by and see us for some IUCU swag! IU Credit Union proudly supports the B97/Hoosier Country 105.1 Summer Concert Series.
| DATE | BAND | GENRE |
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| May 24 | Jenn Christy Band | Hall of Fame Show/Retro Pop Hits |
| May 31 | Cody Ikerd and the Sidewinders | 90s/Outlaw & Original Country |
| June 7 | The Why Store | Classic Rock/Originals |
| June 14 | All Access Band | Pop/Rock/Dance/Top 40 |
| June 21 | Indy Annie's | Female-fronted country band specializing in old, new and 90s country |
| June 28 | King Bee and the Stingers | Blues and Blues Rock |
| July 5 | Toy Factory | R&B/Dance/Funk |
| July 12 | Mellencougar | John Couger/Mellencamp Tribute |
| July 19 | Eric Brown and the Boat Drinkers | Jimmy Buffet and Beach Party Music |
| July 26 | Glamerica | Big Hair 80s Rock |
Lemonade Day is a fun, experiential learning program that teaches area youth how to start, own and operate their own business. You may even see a lemonade stand at some of our IU Credit Union branches on Lemonade Day! IU Credit Union proudly supports Lemonade Day Monroe County.
