Indiana Members Credit Union

Indiana Members Credit Union (IMCU) is a member-owned, not-for-profit credit union headquartered in Indianapolis and serving Central and Southern Indiana. Its commercial lending team finances real estate bought for retail, industrial, medical, manufacturing or investment purposes, including open land and existing buildings.

Commercial real estate lending covers both investment and owner-occupied property and loans for renovations and other property improvements. The property types named on the site are industrial, general offices, medical and professional offices, anchored retail, warehouses, mini-storage and residential investment real estate. Construction loans convert to long-term financing, and lines of credit and equipment and inventory financing sit alongside. The credit union states that loan decisions and responses to loan requests are made locally.

Around the lending sit business checking and savings accounts, certificates, health savings accounts, commercial credit cards, Small Business Administration loans, a commercial member portal, and treasury management including ACH origination, wire transfers, positive pay, remote deposit capture, merchant services and lockbox.

IMCU was established in 1956 as Indiana University Medical Center Federal Credit Union by employees of the Indiana University Medical Center, and still serves members at a branch on that campus. It says it is now the largest credit union in Central Indiana, with 33 full-service branches and more than 160,000 members. All loans are subject to membership eligibility, underwriting guidelines and credit approval; rates, minimum loan sizes, recourse terms and cash-out policies are not published, so ask the commercial team directly.