Credit unions in Indiana

Credit union: In the state of Indiana, there are 155 headquartered credit unions that operate more than 550 branch offices for their members. Credit unions in Indiana have over 2.6 million members. Almost 1/3 of the population of the state enjoys the benefits of credit union membership. The largest credit union in the state is Teachers Credit Union, which has over 300,000 members. They have been in operation since 1931.

Indiana has several cooperatives that you can only join if you work for a specific company or a particular profession. However, there are several that are community-based as well. Those credit unions are open to anyone who lives/works/worships in one specific area. Not all parts of Indiana are densely populated, so credit unions in those areas are fantastic. They are keeping true to the original purpose of credit unions and serving an underserved community.

Car insurance: Car insurance in the state of Indiana does not have a reputation for being expensive. In urban areas, there are only slight increases in price. On the whole, Indiana residents enjoy insurance rates far below the national average. Drivers in Indiana are expected to have policies that cover $25,000 in bodily injury, $25,000 in property damage, $25-50,000 for uninsured motorist bodily injury, and $10,000 for property damage from uninsured motorists. 

Just because you are already paying a great rate for your premiums, that doesn’t mean there isn’t more money that can be saved. Check with your credit union to see what partnerships they have and can offer their members. 

It does not appear that members of credit unions in Indiana can get policies that are underwritten by the cooperative. However, several offer benefits on car insurance to their members via TruStage. If your cooperative does not offer this, see if they can make any recommendations for car insurance, perhaps from a fellow credit union member.