Inova Elkhart IN Credit Union | Affordable Auto Loans & Business Banking

Introduction

Welcome to Inova, your trusted partner in financial wellness located at 358 S Elkhart Ave, Elkhart, IN 46516. Since our establishment in 1942, we have proudly served our community with a commitment to providing exceptional financial services tailored to meet the needs of our 47,257 members. As a member-focused credit union, we believe in building lasting relationships based on trust and transparency. Our total assets stand at an impressive $693,256,986, reflecting our stability and dedication to helping you achieve your financial goals. With a robust portfolio of over 27,643 loans and leases, we are here to support your journey, whether you're looking for auto financing, mortgages, or personal loans. We understand that financial decisions can be challenging. That's why our experienced team, led by CEO Dallas Bergl and Board President Charles Walker, is ready to assist you every step of the way. We employ 149 dedicated professionals who share a passion for helping our community thrive. While members can visit us at our branch for personalized service, official correspondence should be sent to the same address: 358 S Elkhart Ave, Elkhart, IN 46516. We also offer convenient online services through our website at inovafederal.org, making banking easy and accessible. At Inova, we pride ourselves on not just being a credit union but a vital part of the community. With total deposits amounting to $19,648,856 and a net worth of $54,869,037, we are committed to providing secure and reliable banking solutions that empower you. Join us today! Whether you're interested in opening an account or exploring loan options, call us at 574-294-6553 or visit our website for more information. Let's work together towards your financial success!

Branch History & Mission

Commitment to Innovation

As times change, so do we. Inova embraces technology to ensure that our members have access to modern banking conveniences such as online and mobile banking, electronic signatures, and ATM services available at various locations. Additionally, our branch features drive-thru banking for quick and easy transactions. While members can visit us at 358 S Elkhart Ave for all their banking needs, official correspondence should be sent to the same address. We're here for you Monday through Friday from 8 AM to 6 PM and Saturday from 8 AM to 12 PM closed on Sundays to provide assistance when you need it most.

Join Us Today!

Inova is more than just a credit union; it's a community where members matter. We invite you to join us today! Experience the difference that comes with being part of an organization dedicated not only to your financial well-being but also to the betterment of our shared community. Visit us online at inovafederal.org or call us at 574-294-6553 for more information on membership opportunities or any questions you may have. Together, let's build a brighter financial future!

Our Mission

At Inova, our mission is clear: we strive to empower individuals and families through accessible financial services while making a positive impact in our community. We believe that everyone deserves the opportunity to achieve their financial goals. That's why we offer a range of products including checking and savings accounts, auto loans, mortgage options, credit cards with rewards, and business banking services tailored to meet diverse needs. We take pride in being more than just a financial institution. Our commitment extends beyond transactions; we actively engage in community outreach efforts to support local initiatives and charities. By partnering with organizations that align with our values, we aim to uplift those around us.

Branch Location & Accessibility

Welcome to Inova, your friendly credit union located at 358 S Elkhart Ave in beautiful Elkhart, IN. We're excited to be part of this vibrant community, conveniently situated near local landmarks that make banking with us a breeze. Whether you're just down the road or visiting from another part of town, our location is easily accessible for all your financial needs. While members can visit us at our branch address, official correspondence should be sent to the same address: 358 S Elkhart Ave, Elkhart, IN 46516. We take pride in our commitment to accessibility. Our branch features ADA-compliant entrances and parking spaces, ensuring that everyone can comfortably access our services. At Inova, we understand that convenience matters. That's why we offer ample parking right outside our door along with a drive-thru service for quick transactions. Need cash? Our ATM is available for your convenience, allowing you to withdraw funds or check balances without stepping inside. We're open during the week from 8 AM to 6 PM and on Saturdays from 8 AM to 12 PM, making it easy for you to stop by before work or on your way home. We're closed on Sundays, giving our team a chance to recharge so they can serve you better throughout the week. Inova provides a variety of services tailored just for you from personal checking and savings accounts to auto loans and mortgage financing. Plus, if you're a member of another participating credit union, you can take advantage of our shared service center for basic transactions. If you have any questions or need assistance, feel free to give us a call at 574-294-6553. We look forward to welcoming you to Inova and helping you with all your banking needs!

Member Eligibility

Welcome to the Inova community! Becoming a member of Inova is an inviting journey that opens doors to personalized financial services and a supportive network. If you live, work, worship, or attend school in the Elkhart area, you're likely eligible to join us. We believe everyone deserves access to affordable banking options, so we welcome individuals from various backgrounds and lifestyles. To explore the specific eligibility criteria in detail, please visit this page. Once you know you're eligible, opening an account is a breeze! Simply head over to our account registration page at this link to get started. If you have any questions or need assistance along the way, don't hesitate to reach out at (574) 294-6553. We're here for you at our branch located at 358 S Elkhart Ave Elkhart In 46516, ready to help you take your first step toward better banking!

Business Banking & Commercial Services

Practical Merchant Services

In addition to loans, we offer merchant services that make transactions smoother for you and your customers. Imagine having a reliable way to accept payments anytime, anywhere whether it's through credit cards or mobile payments. These services not only enhance customer satisfaction but also help streamline your operations. Visit us at 358 S Elkhart Ave Elkhart In 46516, Elkhart, IN, or call us at (574) 294-6553 to learn how our business banking and commercial services can empower your enterprise today!

Supporting Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $100 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $17 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $60,573,247, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Banking at Your Fingertips

In today's fast-paced world, managing your finances shouldn't be complicated. That's why we provide robust online and mobile banking features. Access your accounts anytime from anywhere whether it's checking balances, making transfers, or paying bills. Our easy-to-use app allows for secure transactions right from your phone.

Business Solutions That Work

For small business owners, we offer tailored solutions through our business banking services. From merchant services that help you accept payments effortlessly to business loans that can fuel your growth, we're here to support local entrepreneurs.

Convenient Access Points

We understand the importance of convenience in banking. Our branch features include an ATM for cash withdrawal services, as well as basic drive-thru banking for quick deposits and withdrawals. For those who prefer shared services, we also facilitate transactions for partner credit union members. At Inova, we make sure banking fits into your lifestyle seamlessly. If you have any questions or would like assistance with any of our services, don't hesitate to reach out! Give us a call at 574-294-6553, or visit us today at our Elkhart branch. Ready to take the next step? Explore all that Inova has to offer by visiting our website or stop by and speak with one of our friendly team members!

Financing Your Dreams

Thinking about buying a new car or refinancing your home? Our auto loans and vehicle financing options are here to support you every step of the way. We understand that purchasing a vehicle is a big decision, so we offer flexible terms and competitive rates. If you're considering homeownership or want to lower your monthly payments, our mortgage loans and refinancing services are designed with you in mind.

Personal Banking Made Easy

When it comes to personal banking, we offer a variety of accounts including checking and savings options designed to help you save more and spend wisely. Imagine having a checking account that suits your lifestyle while also earning interest on your savings. With Inova, you can enjoy competitive rates and no hidden fees.

Simplifying Borrowing Options

Need extra funds for a project or consolidating debt? Our personal loans can provide just what you need. They come with straightforward terms and transparent processes, ensuring that there are no surprises along the way. Plus, if you're looking for credit, our credit cards with rewards allow you to earn points on everyday purchases while enjoying additional benefits.

Digital & Online Banking

Key Features

One of the standout features we offer is electronic signature authorization. This means you can sign documents securely and quickly without needing to visit a branch. If you prefer going paperless, you'll be pleased to know that e-statements are also available, helping you keep track of your finances efficiently. For those who like using their mobile devices for payments, our mobile payments feature makes transactions seamless. You can make purchases directly from your phone without hassle. Additionally, our person-to-person transfer service allows you to send money to friends or family quickly and easily perfect for splitting bills or sending gifts. Our commitment doesn't stop there; our 24/7 online banking services mean that whether it's day or night, you have full control over your financial activities. With all these tools combined, managing your money has never been easier or more secure. Visit us today at 358 S Elkhart Ave Elkhart In 46516 or check out our website at https://www.inovafederal.org/ to learn more about how we can help simplify your banking experience!

Financial Strength

Growing Together

Total Share and Deposit Accounts stand at 79,615, showing a strong and growing member base that trusts us with their finances. Our net shares available for lending and investments amount to $462,910, further strengthening our ability to support your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Inova is your trusted partner. Visit us at 358 S Elkhart Ave Elkhart In 46516 or call (574) 294-6553 to learn more about how we can help you achieve your financial goals.

Investing Back into Our Members

With $50,489,307 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $11,968 in used auto loans and a total of $633,225,804 in loans and leases.

Member-Centric Savings

Members' savings are secured through $243,777,422 in share certificates and $63,985,651 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $16,616,496, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 139 full-time employees and 10 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $54,869,037, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $791 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have issued over $248,853,088 in used vehicle loans and $7,490,819 in new vehicle loans already helping members get on the road. Whether you're considering a brand-new model or a reliable used car, we have flexible financing options tailored for you.

Credit Lines and Unsecured Loans

For those looking for additional flexibility, we offer total credit lines amounting to $215,000,000. This option provides you with easy access to funds whenever needed. Additionally, we also have flexible terms on unsecured credit card loans with a total of $23,412,992 in loans helping members manage their finances effectively.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $42,115,215, making buying or refinancing simple. We believe that owning a home should be attainable for everyone. Our dedicated team can guide you through the mortgage process to ensure you find the right solution.

Refinancing Options

If you're considering refinancing existing loans or credit lines to take advantage of better rates or improve your cash flow situation, our experienced staff can walk you through eligibility options tailored specifically for your needs. At Inova Federal Credit Union, we prioritize your financial well-being and aim to provide accessible lending solutions that fit your lifestyle. For more information about our loan offerings or to start an application today, visit our website at Inova Federal or stop by our branch in Elkhart. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

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Inova