Indiana Members Credit Union Blog
Welcome to the Indiana Members Credit Union Blog!
Best Type of Mortgage Loan for First Time Home Buyers
Picture this: after many years of renting, you’ve finally received the key to your first home. That’s right—now you can paint the walls, put up as many pictures as you want, refinish the hardwood floors, or just simply enjoy a space that actually belongs to you! Purchasing a new home is an exhilarating experience that marks a significant milestone in life, especially if it’s your first house. The process is filled with anticipation and dreams as you explore neighborhoods, imagine parties in your living room, and visualize a space that reflects your personality.
How Do You Prepare for Financial Emergencies?
When unforeseen events such as natural disasters or technology outages occur, being financially prepared can greatly reduce stress and uncertainty. Understanding how to manage your finances during these times is more important than ever. Here at IMCU, we’re outlining practical steps to ensure you’re financially prepared for the unexpected—after all, it’s not a matter of “if” an emergency will happen but rather “when.”
Tips for Avoiding Scams - Pig Butchering
Pig Butchering is a cryptocurrency scam which involves scammers gaining the trust of their potential victims and manipulating them into transferring funds to invest in fake cryptocurrency projects.
Online Marketplace Scams Target Both Buyers and Sellers
Whether you’re looking for a houseplant, a coffee table, or a new gaming console, online marketplaces can be great places to start. But be careful. Anonymous listings and virtual transactions are ripe for online marketplace scams, which can take a variety of forms.
What Are the Benefits of Commercial Cards?
28.4% of Americans have poor or fair credit, according to Experian. Yet, many businesses rely on their employees to use their personal credit cards for business expenses. Of course, the intent is to reimburse those employees in a timely manner… but things don’t always go as planned.
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Commercial Real Estate Lenders
Starting and growing a business takes space—and space takes money. Whether you’re looking for office, retail, industrial, or a variety of other commercial properties to launch or expand your business, you’ll likely need a loan to seal the deal. After all, the average cost of commercial land and property for sale in Indiana is $717,952 (according to Land.com), which is a lot for small businesses to come up with—especially with other financial demands like equipment and staffing costs.
Types of Commercial Cards
Navigating commercial lending and deposits solutions is essential for any business’s finances to operate smoothly. Yet, with so many commercial lending options, it can be difficult to decide what’s best for your business.
Commercial Business Line of Credit Requirements
As a new business owner, the phrase “You have to spend money to make money” is anything but new. However, navigating the world of commercial lending and deposits can be confusing and frustrating for startups and small businesses who are still establishing themselves.
Merchant Services and Features
From commercial lending and deposits to cash and treasury management, a lot goes into a successful small business. Many small business owners realize the advantages of working with a merchant services provider to handle certain aspects of their business—things like providing efficient and secure credit and debit card processing. In this article, we’re exploring these merchant services: what they are, why you need them, and how partnering with Indiana Members Credit Union (IMCU) can help.
Cash Management for Businesses
Successfully running a business requires a lot of know-how and resources, from strategically managing cash on-hand to understanding the ins and outs of commercial lending and deposits. This all generally falls under the topical umbrella of treasury management—which also includes cash management.
What Are the Benefits of Remote Deposit Capture?
From member-focused commercial lending and deposits to treasury management services, Indiana Members Credit Union is in the business of championing small business. While running a business can be complex, you don’t have to do it alone. In this article, we’re going to take a closer look at one of our most popular service offerings: remote deposit capture.
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Benefits of Health Savings Accounts
At Indiana Members Credit Union (IMCU), we want to empower you with the knowledge and resources you need to make smart decisions for your business. From our commercial lending and deposits offerings to business CDs and more, it’s our goal to provide our members with versatile and constructive solutions.
Different Types of Business Checking Accounts
In the broad category of commercial lending and deposits, there’s a whole universe of financial products and services designed to support your financial journey. Business CDs, lines of credit, payroll services, treasury and cash management…the list goes on and on. However, today we’re focusing on the financial heart of your business: the humble checking account. Think of it as the unsung hero, quietly managing your day-to-day transactions while you focus on the big picture. Although your business checking account may not be exciting, it’s an important tool and one you should put thought into choosing—not all business checking accounts are created equal!
What Are the Differences Between a Bank and a Credit Union?
The primary difference between banks and credit unions is their organizational structure. Banks are for-profit institutions, whereas credit unions are nonprofit organizations. This difference, among several others, are key when comparing banking organizations—and deciding which is best for you. Many people may not know that credit unions are a viable option for virtually every banking service, from commercial lending and deposits for business to opening a simple savings account.
Best Money Market Accounts
These days, business owners have plenty of options for managing and optimizing their finances, including a wide range of options for commercial lending and deposits. In fact, many of the products available for businesses are largely the same ones individuals might open to build their own personal savings via interest—including interest-bearing checking and savings accounts, money market accounts, certificates of deposit (CDs), and more. This article will offer a quick overview of these options, including their key advantages and interest-earning potential.
Business Certificates of Deposit
When considering commercial lending and deposits, it can be overwhelming to figure out what options are not only viable, but advantageous for your business. Here at Indiana Members Credit Union, our purpose is to help your business reach its longer term goals. We’ve put together this comprehensive resource for businesses to understand and leverage the power of business Certificates of Deposit in their financial strategies. This guide is for business owners who are seeking a secure and profitable way to manage your surplus cash. We’ll explore how Certificates of Deposits work, their benefits, how they differ from personal Certificates of Deposit, and how they can be an effective tool for financial growth and stability in a business setting. Let’s get started!
How to Outsmart Sophisticated Phishing Scams
You’ve probably heard of phishing. But do you really know what it is - and more importantly, how to protect yourself from falling victim to it? Phishing scams have become very sophisticated, but there are some simple things you can do to help protect yourself and keep your personal information safe.
Commercial Lending
Commercial lending plays a huge role in the business world. Organizations may take out commercial loans to finance expansions, fund operational costs, survive economic downturns, and more. But navigating the lending industry can be complex and even intimidating, especially for small business owners. From knowing about the many types of commercial loans that exist, to understanding the loan process and knowing how to get approved, there’s a lot to keep in mind.
Treasury Management
Effective treasury management is vital for virtually every business. It can spell the difference between a shrewd, thriving business and one that struggles to keep its finances in the black. From ensuring that the organization has plenty of available cash to manage its staffing and day-to-day operations to evaluating different commercial lending and deposits partners to bolster the budget, treasury management is all about keeping the business’s proverbial ducks all in a row.
Commercial Lending and Deposits 101
Loans are a critical part of business operations, and so is understanding how they work. No matter how big or small a business is, it will likely take out a loan at some point in its lifetime. Many may think of business loans as something that only happens during the initial stages, but loans can also help with expansions, covering unexpected expenses, or even keeping things operational during tough times.
FAFSA® Updates
Different doesn’t mean bad: we’ve got your back so you don’t miss a beat.
Completing and submitting the Free Application for Federal Student Aid (FAFSA®) just got easier, but you will want to know about changes too so you’re prepared!
Completing and submitting the Free Application for Federal Student Aid (FAFSA®) just got easier, but you will want to know about changes too so you’re prepared!
Your 1-2-3 Approach to Paying for College
When you’re planning for college, the first question is often which school to choose. But equally as important is the question of how you’ll pay for it. That’s why we’ve partnered with Sallie Mae® to bring you their 1‑2‑3 approach to paying for college. If you’re not sure how you’ll pay for college or what you can afford, taking it one step at a time can help.
Decoding Your Financial Aid Offers
6 Tips You Should Know Before Making the Big Decision
1. The Acronyms You Need to Know
Cost of attendance (COA): an estimate of what one full year of school will cost. It includes tuition, along with room, board, fees, books, and more. Check your school’s website for a detailed COA.
Blog Archive
Use the dropdowns below to read past posts of the Indiana Members Credit Union Blog.