INFCU was founded in 1962 by employees of the Indianapolis Star & News and is a member-owned, not-for-profit financial cooperative that provides savings, credit and other financial services to its members.
Generally speaking, credit unions pool members’ savings deposits and shares to finance their own loan portfolios rather than rely on outside capital. Members benefit from higher returns on savings, lower rates on loans and fewer fees on average.
Credit union membership is based on a common bond, and INFCU’s primary bond is through employees of the Indianapolis Star and their family members. Though, smaller entities are also invited to inquire about achieving membership abilities.
Credit unions, in general – and INFCU, specifically – are democratically governed institutions. Regardless of account size, each member may run for the volunteer board of directors and cast a vote in elections.
In essence, INFCU is a member-owned and member-operated financial institution that is here to provide quality financial services without all of the fees and hassles.