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Keep up with happenings at IU Credit Union with In Your Interest, our quarterly member newsletter.
All branches of the IU Credit Union will be closed Monday, May 26th in observance of Memorial Day.
All branches will be closed on Friday, July 4th in observance of Independence Day.
Remember that your debit card, Online Banking and Mobile Banking are available 24/7. Plus you have surcharge-free access to your account at thousands of ATMs nationwide in the CO-OP and Alliance One ATM networks.
IU Credit Union is proud to once again support Lemonade Day Bloomington on May 3rd. Lemonade Day Bloomington is a free program designed to help teach kids how to start, own, and operate a business by giving them their own lemonade stand. Kids are paired up with mentors who help guide them through the process and assist them throughout the day.
Children will be given backpacks and workbooks, and will be guided through a workshop before Lemonade Day Bloomington begins. To find locations of Lemonade Day Bloomington stands, visit www.bloomington.lemonadeday.org/stands
The IU Credit Union would like to congratulate its Continuing Student Scholarship recipients.Each year the IU Credit Union awards nearly $20,000 in scholarships to continuing students at Indiana University and Ivy Tech. The applications consist of three short answer and one essay question which are then judged by an outside committee. This year, three graduate students and four undergraduate students from Indiana University as well as four Ivy Tech students received scholarships. The award presentation took place at the Annual Meeting on March 26th.
by Judy Dahl
You wouldn't buy a car without driving several first, or buy a home without attending open houses, would you? Well, visiting colleges before selecting one for yourself or your child makes just as much sense.
It's never too early to start making visits. "Certainly by junior year a student should start planning visits, but it can be useful even for a ninth- or 10th-grader to see a school on a family vacation when you're in the area," says Brennan Barnard, director of college counseling at The Derryfield School, an independent school for grades six through 12 in Manchester, N.H. You can get a sense of different-sized colleges and programs, and different locations."
Another benefit of early visits is getting an understanding of what colleges will expect from students in terms of admissions. "Then you won't get into senior year and say, 'I wish I'd known this,' " Barnard says.
To read the rest of the article, visit our Home & Family Finance online magazine: http://hffo.cuna.org/16991/article/3856/html
Matt Harding was recently promoted to Mortgage Originator. Matt has been with the IU Credit Union since 2012 and has served as a Lending Center Representative, overseeing mortgage loan documents and assisting in closings. As a Mortgage Loan Originator, Matt can help you navigate through your options.
Contact Matt today for assistance!
On May 30, 2014, the IU Credit Union branch located in the Indiana Memorial Union (IMU) on the IU Bloomington campus will close permanently. Closing the branch was a difficult decision and one we did not take lightly.
Member transactions at the IMU branch have declined 50% since 2003 and 33% since 2008. Much of the account activity has transferred to our other full-service locations with more convenient hours and accessibility. Additionally, transactions have increased through online and mobile banking channels.
A full service ATM will remain in the IMU Commons to provide cash and deposit services. All IMU branch employees will continue in their current positions at other Bloomington locations.
We are pleased to report that 2013 was an 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.
Total assets increased by $28 million, or 3.8%, ending the year at $754 million. Net worth, a key indicator of safety and soundness, stood at over $93 million, or 12.4% of total assets. IU Credit Union is well positioned for continued strong financial performance.
Total loan balances increased $52 million, or 12.5%, in 2013 after an increase of $53 million, or 14.4% in 2012. In 2013, total retail loan balances increased by more than $25 million, or 7.8%, with residential real estate loan originations totaling more than $100 million. For the fifth consecutive year, we led the local market in residential real estate lending. Business loan growth was equally impressive as total balances increased by more than $27 million, or 28.8%.
"IU Credit Union is