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We are pleased to report that 2015 was another outstanding year for IU Credit Union. Thanks to the ongoing support and loyalty of our members and dedicated staff, a number of significant results were achieved.

IU Credit Union remains well positioned for continued strong financial performance. Total assets increased by 6%, ending the year at $827 million. Net worth, a key indicator of safety and soundness, surpassed $108 million, or 13% of total assets.

For the seventh consecutive year, we led the local market in residential real estate lending. Total real estate loan balances increased by 7%, with originations totaling more than $100 million. Business loan growth was equally impressive as total balances increased by 15%. In total, loan balances were up $36 million in 2015. Also of note in 2015, IU Credit Union Investment Services achieved its highest level of assets under management.

“Enhancing our member’s experience will be a priority
in 2016.”

Community matters a great deal to the IU Credit Union. In 2015 we invested in education initiatives, the arts, sports and community development and assistance programs. We awarded $31,000 in scholarships to student-members in area high schools, Indiana University and Ivy Tech. IU Credit Union pledged $250,000 to endow a new scholarship for Indiana residents attending IU Bloomington as part of the university’s fundraising campaign, For All: The Indiana University Bicentennial Campaign. We donated $25,000 to Ivy Tech’s Here We Grow Again campaign for their new student success center and we were proud to be named Ivy Tech Community College Bloomington’s Benefactor of the Year.

Our United Way workplace campaign once again raised $40,000 through employee pledges and Credit Union contributions. We sponsored various community programs such as Lemonade Day and Cardinal Stage’s IU Credit Union Education Initiative and we received the Community Partner Award from Stone Belt. IU Credit Union remained committed to sponsoring local sports teams and IU Athletics. We thank our members for voting IU Credit Union as the Herald-Times Readers’ Choice “Best Bank/Credit Union” in 2015 for the ninth consecutive year.

Some notable achievements in 2015 include reissuance of our debit and credit cards to more secure chip-enabled cards. We enhanced the use of key platforms, including mortgage lending, resulting in greater efficiencies and an improved member experience. IU Credit Union opened a second branch location in Greenwood in December and a third location in mid-January of 2016, strengthening our presence in that market.

Enhancing our members’ experience will be a priority in 2016. We’ll upgrade our call center technology to improve call flow, add a lobby tracking system to monitor wait times and enhance member service, and we’ll re-engineer our website for easier viewing on all devices and quicker access to the most important information. We’ll also introduce instant issue debit chip cards for greater member convenience, and we’ll focus on increasing our membership in the Greenwood market.

In 2016, IU Credit Union celebrates its 60th Anniversary. On behalf of our Board of Directors and Senior Management team, we thank you for your continued confidence in IU Credit Union and look forward to serving you in the coming year.

Bryan Price
President & CEO

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