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President's Page

We are pleased to report that 2014 was a successful 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.

Total assets increased by $27 million, or 3.5%, ending the year at $781 million. Net worth, a key indicator of safety and soundness, surpassed $102 million, or 12.9% of total assets. IU Credit Union remains well positioned for continued strong financial performance.

Total loan balances increased $51 million, or 10.8%, in 2014. Auto loan balances increased by more than $18 million, or 19%, while real estate loan balances increased by more than $13 million, or 6%. For the sixth consecutive year, we led the local market in residential real estate lending with more than $75 million in originations. Business loan growth was also solid as total balances increased by more than $14 million, or 11.8%.

"IU Credit Union
remains well
positioned for
continued strong
financial performance."

Other key achievements in 2014 included the remodeling of our 17th Street Branch and Drive-Up; the implementation of Mobile Deposit, which enables our Mobile App users to deposit checks with their smartphones; and the implementation of eNotices and eSignatures within our Online Banking platform. In addition, an Enterprise Risk Management program was established, designed to identify and mitigate potential risks to the organization.

IU Credit Union is dedicated to the communities we serve. Each year we award a total of $31,000 in scholarships to students in area high schools, Indiana University and Ivy Tech. Our United Way workplace campaign once again raised $40,000 through employee pledges and Credit Union contributions. IU Credit Union provided financial education and literacy sessions at local schools and volunteered in local agencies such as Hoosier Hills Food Bank. We sponsored various community programs including Lemonade Day, the YMCA Partners with Youth Program and Cardinal Stage’s IU Credit Union Education Initiative.

We thank our members for voting IU Credit Union as the Herald-Times Readers’ Choice “Best Bank/Credit Union” in 2014 for the eighth consecutive year.

In 2015 we will convert our debit and credit cards to more secure chip-enabled cards. Also, we will enhance the use of key platforms including mortgage lending, resulting in greater efficiencies and an improved member experience. In addition, IU Credit Union plans to open a second branch location in the Greenwood market.

On behalf of our Board of Directors and employees, we thank you for your continued support and confidence in IU Credit Union and look forward to serving you in the coming year.

Bryan Price
President & CEO

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