How NOT to use Student Loans


When you take out student loans, you may have the opportunity to borrow more than you actually need for tuition, fees, books, and room and board. It can be tempting to ask for extra money to cover other costs associated with going to school — but it usually isn’t a great idea. That’s because student loans can be very costly. The bigger they get, the more time it takes to pay them off, and the more expensive they become.

In simple terms, it’s okay to use your loans to cover things that will have a long-term benefit, such as the cost of your degree and basic room and board. It’s generally not a good idea to borrow for things that will be consumed very quickly, like Saturday-night pizzas, munchies, adult beverages (of course, we’re referring to fancy coffee drinks), or concert tickets. Continue reading

International Credit Union Day Celebrates The Authentic Difference


On October 20, 2016, credit unions around the world will celebrate International Credit Union Day (ICU Day).

Credit unions are not-for-profit financial cooperatives, offering the same services as other financial institutions, but with a people-first philosophy. Since 1948, on the third Thursday of every October, credit unions have celebrated the principles that make credit unions the best financial partners of people all over the world. “The authentic difference,” this year’s ICU Day theme, zeroes in on what makes credit unions different from banks, and other financial institutions—our principles. Continue reading



The city of Carmel will soon be home to the 25th branch of the Indiana Members Credit Union (IMCU) family. Slated to open this October, the Old Meridian branch will boast 18,000 sq. ft. and will be located in the Providence at Old Meridian business complex, conveniently located just off Carmel Drive and Old Meridian Street. IMCU is celebrating 60 years of business this year and is excited to expand their north side presence. Most of the executive leadership located at this new location grew up in Carmel.  Continue reading