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Members Source Credit Union

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Members Source Credit Union Rates & Review August 2026

Q: Is a member application needed to join Members Source Credit Union?

Yes, to access services at Members Source Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Members Source Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 29, 2026

Members Source Credit Union rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month share certificate rates are currently at 2.89%, 6-month share certificate rates at 2.75% and 3-month share certificate rates at 2.65%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not Members Source Credit Union, and you can see how they compare in the Members Source Credit Union rate tables below. MonitorBankRates evaluates the financial stability of Members Source Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.35%. Database rates last updated and verified on 08/29/2026.

Members Source Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Members Source Credit Union? Share your experience about Members Source Credit Union by leaving a review below, or read customer reviews before you decide to use Members Source Credit Union.

Verified Strong Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

3.35%

Excellent Lower than avg

Members Source Credit Union
Merrillville

8580 Virginia St
Merrillville, IN 46410

Current Rate Availability

We're not currently displaying rates for Members Source Credit Union, but our database is updated constantly — check back soon for the latest offers.

Are you with Members Source Credit Union? We'd love to add your institution's rates. Contact us to get your institution's rates listed on MonitorBankRates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Members Source Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Members Source Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Members Source Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Members Source Credit Union

Website N/A

Address 8580 Virginia St, Merrillville, IN 46410

Phone 219-756-4141

Fax 219-756-4120

President Jeffrey Perz

CEO James Falls

Full-Time Employees 19

Part-Time Employees 1

Branch Locations 3

ATM Locations 2

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (98/100)

Texas Ratio

3.35%

Return on Assets (ROA)

0.2714%

Return on Equity (ROE)

2.0711%

Non-Performing Loans Ratio (NPL)

0.86%

Total Assets

93,265,029

Total Amount of Shares and Deposits

80,637,662

Total Shares and Deposits < 1 Year

79,609,367

Total Shares and Deposits 1 3 Years

1,028,295

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

2,170,406

Total Uninsured Shares and Deposits > $250K (F+J)

2,170,406

Total Insured Shares and Deposits > $250K (item 17 less item K)

78,467,256

Total Interest Expense (Sum of items 6 8)

635,885

Share Certificates

617

Number of Accounts for Share Drafts

3,004

IRA KEOGH Accounts

236

Number of Accounts for Regular Shares

6,067

All other shares

811

Money Market Shares

270

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

5,395,806

Total Liabilities

81,041,885

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

Members Source Credit Union earned the Verified Strong badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

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Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About Members Source Credit Union

How many branches does Members Source Credit Union operate?

Members Source Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Members Source Credit Union?

Yes, to access services at Members Source Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Members Source Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Members Source Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Members Source Credit Union offer online and mobile banking?

Most modern institutions like Members Source Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online.