Members Source Credit Union

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A short history of Members Source CU

Since its inception in 1935 the Members Source Credit Union has been serving its members in the MERRILLVILLE, Indiana area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Scott Shelton, the Members Source CU has grown its membership to over 7,237 with assets of more than $78,315,414. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (219) 756-4141 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MERRILLVILLE, IN.

General Information For Members Source CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 68562
Address 8580 VIRGINIA ST 
State Indiana 
Zip-Code 46410
Phone Number (219) 756-4141
Fax Number (219) 756-4120
Email Address:
CEO/President Scott Shelton
Members 7,237 
Full-Time Employees 15 
Part-Time Employees 11 
Number of Branch Offices
Total Assets 78,315,414 

Compare Members Source Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Profinance CU Records Storage Center 8440 Allison Pointe Blvd 46250 (317) 594-5300 No 1.06
U S #1364 CU GARY OFFICE 1 N BUCHANAN ST 46402 (219) 883-4362 No 1.51
Northern Indiana CU La Porte office 606 State St 46350 (219) 326-7787 No 3.12
Local 697 CU Northern Indiana FCU 8121 Grand Blvd 46410 (219) 942-3377 No 4.10
Tech CU Valparaiso Branch 370 Morthland Dr 46383 (219) 477-6805 No 4.35

Members Source Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Members Source Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.75 3.26 3.97 7.31 7.86
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 444 175 199 448 471
Rank Among All Indiana Credit Unions 51 33 34 63 61

Members Source Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.01 0.15 0.25 0.82 0.15
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 140 119 105 203 276
Rank Among All Indiana Credit Unions 23 22 18 32 49
Members Source Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.7501,4432,775,714
All Other Unsecured Loans/Lines of Credit 12.0004041,320,476
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.2602103,831,957
Used Vehicle Loans 3.9705836,348,442
Total 1st Mortgage Real Estate Loans/Lines of Credit 7.31011010,792,623
Total Other Real Estate Loans/Lines of Credit 7.860421,045,704
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.71091734,422
TOTAL LOANS & LEASES 2,88326,849,338

Members Source Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 435,640,4333475,950
    b. 15 Years or less 453,385,6882152,990
    a. > 15 years 61,136,8392474,280
    b. 15 Years or less 2139,99800
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 14489,66500
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 542,37500
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 371,003,32900
Open-End Fixed Rate 0000
TOTALS 15211,838,32771,103,220


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Members Source Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes