Changes to the PPP

Small businesses struggling to remain afloat during the economic upheaval caused by the coronavirus pandemic received some relief with the passing of the Paycheck Protection Program (PPP) as part of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act. The program provides eligible businesses with unsecured loans to help them cover payroll, rent and other ongoing business expenses, with the possibility of partial or complete loan forgiveness.

On June 5, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law, making significant changes to the PPP program. Here’s what you need to know about these changes.

More time to spend the funds Continue reading

Member Security Alert

Indiana Members Credit Union values your identity.  Be aware of scams where fraudsters call members purporting to be a credit union employee and ask for debit or credit card information. IMCU will not contact you to ask for personal information.

If you are ever concerned about a text message or phone call you’ve received, please hang up and contact your local IMCU branch, or our member services department at 317-248-8556 or 800-556-9268.

Click here for a listing of IMCU locations and hours:

Indiana Members Foundation Awards $2,500 for First Annual Ron Collier Family Collegiate Scholarship Program

Indiana Members Foundation, the charitable arm of Indiana Members Credit Union (IMCU), along with Indiana Members Credit Union, is excited to announce Rachel Bates as the recipient of the first annual Ron Collier Family Collegiate Scholarship Program, receiving a $2,500 scholarship.  The Ron Collier Family Collegiate Scholarship Program is available to Senior students attending New Palestine High School that are members of Indiana Members Credit Union, intending to study full-time at an accredited college or university.   Applications will be accepted annually from January 1 through March 31.

Indiana Members Credit Union President and CEO, Ron Collier, is donating $2,500 to Indiana Members Foundation to create an annual scholarship for a New Palestine High School Senior.
Collier is a long time resident of New Palestine, and his three children all graduated from New Palestine High School.  His oldest daughter, Ashley, is a teacher at Sugar Grove Elementary and her sons attend Sugar Grove.  After graduating from Ball State University with a Bachelor’s Degree in Secondary Education, he went on to teach at Noblesville High School.  Collier has been with IMCU since 1985 and became President and CEO in 2003.  Indiana Members Credit Union continues to grow under his leadership, reaching $2 Billion in assets in 2019. Continue reading

In Challenging Times, We’re Here to Help


We hope you and your loved ones are healthy and doing well in the current situation. Helping our members and strengthening our communities have always been what Indiana Members Credit Union is all about, and we’re doing our part to help you through these challenging times.

Still serving you. While we’ve temporarily closed our office lobbies to protect the health, safety and well-being of our employees, everyone at Indiana Members Credit Union is still here to serve you. You can interact with us through our drive-thru’s, by using the IMCU home banking portal, the IMCU Mobile App, Mobile Deposit, QPhone banking at 800.527.7258, or one of many free ATM or ITM locations throughout the state. If you have questions, you can easily reach our Member Services department during business hours at 800.556.9268, or by using the chat link within NetTeller. Continue reading

Member Security Alert

Indiana Members Credit Union values your identity.  Be aware of scams where fraudsters send  a “FREE TEXT” message alerting you to verify transactions then follow up with a phone call purporting to be a credit union employee.

If you are ever concerned about a text message or phone call you’ve received, please hang up and contact your local IMCU branch, or our member services department at 317-248-8556 or 800-556-9268.

Click here for a listing of IMCU locations and hours:

All You Need to Know About the COVID-19 Stimulus Plan

The Senate and the White House have signed a historic $2 trillion stimulus plan to help mitigate the economic fallout of COVID-19. The Coronavirus Aid, Relief and Economic Security Act (CARES) will put cash directly into people’s pockets, provide desperately needed funding for hospitals and help struggling businesses remain afloat in these financially fragile times.

Here’s all you need to know about the CARES Act. Continue reading

Beware of Zoom-bombers

With social distancing mandates in order until at least the end of April, and three out of every four Americans under statewide lockdown, huge parts of normal life have now moved into the virtual world.

Social visits, executive meetings, classes and more happen over videoconferencing apps, with Zoom being the most popular. The app was downloaded 62 million times during the third week of March, and 60 percent of Fortune 500 companies are now using Zoom.

Zoom’s simplicity is likely the driving factor behind its popularity — and its vulnerability. The FBI is warning of a new kind of scam in which criminals join Zoom meetings with malicious intent. Continue reading

How to Work from Home

The coronavirus pandemic has taken the world as we know it and turned it upside down. Hospitals are scrambling to meet the needs of their patients as the federal and local governments are issuing stricter guidelines to help stop the spread of the virus.

Shopping malls that were filled with crowds just a week ago now stand vacant. Universities and schools have emptied out and students are continuing their education online to diminish the spread of the virus. Small businesses have shuttered their doors as they choose their health and the health and safety of their customers over profit.

As part of this upheaval, millions of Americans have been sent home from work with laptops in hand and instructions to remotely tend to their usual workload. Unfortunately, this can prove to be a lot harder than it sounds. If you find yourself struggling to complete your workload from home during the outbreak, we can help!

Here are some tips on how to stay focused, on-task and productive as you work from home.

Continue reading

IMCU Valentine’s Candy Poem by Elizabeth Wade

Valentine’s Day has come around
And I find myself stuck without a crown.
I’m still searching for my perfect half
A Jolly Rancher; the Kit to my Kat
I’ll even take a Nerd or maybe a Smartie Pants.

My guy needs a little Crunch to his life
Hopefully not a Milk Dud full of Strife.
My name’s not Mary Jane; I’m not waiting for any letter
I just want someone who won’t Krackle under pressure
I know I’m sometimes a Butterfinger
But I promise, my Snickers never linger Continue reading

National Credit Education Month

Why it pays to check your credit report

When was the last time you checked your credit report? Because access to credit is such an important aspect of everyday life, money-management experts recommend that everyone should check their reports at least annually.

In simple terms, a credit report is a summary of the credit accounts you have and how you’ve used them. When you have a loan or a credit card, the lender tracks how you make payments, and then shares that information with what’s known as a credit reporting agency. The credit reporting agency keeps that information up-to-date, and when you apply for a new credit card or loan, the lender will review your credit information to see if you make payments like you’re supposed to and use credit wisely. The information in your credit report is also used to create your credit score. Continue reading