Account Services

Certificates

Indiana Lakes Federal Credit Union offers you an opportunity to invest with guaranteed earnings and a peace of mind. Competitive rates are offered on certificates for terms ranging from six months to two years. A minimum of $500 is required to open a share certificate.

Direct Deposit

The Automatic—Convenient–Confidential Way to Save Time and Money!

Direct deposit is the fast, secure way to automatically have your paycheck, retirement check, or any recurring automatic payment deposited into your Indiana Lakes FCU account.

Deposit a portion of your check or your entire check to your Indiana Lakes FCU account. You can choose the advantage of having your check divided among several of your accounts. Sign an authorization form at Indiana Lakes FCU to direct part of your pay to your savings, checking, Christmas club, kids account and even pay on your loans. Use ILFCU Home Banking Online Banking to verify when the deposit hits your account!

Receive your paycheck, Social Security payment, or pension payment automatically, even if you’re sick or out of town.
Build your savings effortlessly by having a portion of your paycheck deposited into any of your savings accounts.
Avoid a paper check that can be lost or stolen by mail.
Save time—there’s no need to visit a branch or ATM.

For more information about our Direct Deposit program, visit our office, email for more info, or call (574) 267-7497 or (800) 371-6762.

National Credit Union Administration (NCUA) Insured

An independent agency of the United States Government. NCUA regulates, charters, and insures the nation’s federal credit unions. The shares in Indiana Lakes Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the Fund is managed by NCUA under the direction of the three-person NCUA Board.

Your share insurance is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). NCUSIF is very strong and healthy and consistently exceeds it’s target for insurance funds. Most member accounts are insured up to the $250,000 federal limit. Based on your account structure you could be insured for more than $250,000 and backed by the full faith and credit of the United states Government. Go to www.ncua.gov to learn more.

National Credit Union Share Insurance Fund

The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by Congress in 1970 to insure member’s deposits in credit unions up to the $250,000 federal limit. Administered by the National Credit Union Administration, the NCUSIF is backed by the “full faith and credit” of the U.S. Government.

You can use the new Electronic Share Insurance Estimator at the NCUA web site in order to give you an idea as to the amount of coverage your accounts at the Credit Union carry. Based on the type of deposit account(s) you have, this estimator will determine how much those same accounts are insured for.