Welcome to the Neighborhood
Whether you're joining Interra for the first time or opening another account, you're in the right place. Choose the account that fits your goals and get started with a team that's here to help every step of the way.
What is a Credit Union?
Here, you're not a customer. You're an owner.
A credit union does everything a bank does: checking, savings, loans, certificates, cards and digital banking app.Â
The difference is who it works for. A credit union is a not-for-profit financial cooperative owned by its members. When you open an account, you become one of those owners. Instead of paying profits to stockholders, a credit union returns them to members through rates, lower fees and free services, and by reinvesting in the community it serves.
At Interra, this has been true since 1932.Â
Can I Join?
If any of these are true, then Yes.
- If you live or work in: Adams, Allen, DeKalb, Elkhart, Fulton, Grant, Huntington, Jasper, Kosciusko, LaGrange, Lake, LaPorte, Marshall, Miami, Noble, Porter, Pulaski, St. Joseph, Starke, Steuben, Union, Wabash, Wells, and Whitley (Indiana) Plus! Defiance, Paulding, Van Wert and Williams (Ohio)
- You work for a business that offers Interra membership as a benefit.
- Someone in your immediate family is already a member.
- You own a share. Your first $5 in savings is your membership share. It makes you a part-owner of Interra, with the same say as every other member.
- You get a vote. Members elect Interra's board of directors, one member, one vote, no matter how much money you have here. The board is made up of [volunteer] members, too.
- Profits come back to you. With no stockholders to pay, earnings go back to members through dividends on savings, rates on loans, fewer fees and free tools like our great app and phone banking.
- Your money stays home. The deposits you keep at Interra become loans for your neighbors: a first home in Goshen, a new planter in Nappanee, a second location for a shop in Middlebury. That's why Interra is the #1 ag lender among U.S. credit unions (Callahan & Associates, 2025).
Credit union or bank: what's the difference?
Who owns it
Interra Credit Union
Members, the people who bank here
Most Banks
Stockholders or private owners
Who it works for
Interra Credit Union
The Members
Most Banks
Owners and investors
Where profits go
Interra Credit Union
Back to members through rates, fees and services
Most Banks
To owners and stockholders
Who chooses the leaders
Interra Credit Union
Members elect the board, one vote each
Most Banks
Stockholders, votes based on shares owned
What you can do
Interra Credit Union
Checking, savings, loans, credit cards, mortgages, business and farm banking, mobile app
Most Banks
The Same
How deposits are insured
Interra Credit Union
Privately insured up to $250,000 per account by American Share Insurance. Not federally insured.
Most Banks
Federally insured by the FDIC up to $250,000 total
Big enough to do it all. Close enough to know your name.
16 offices across Northern Indiana, plus 5,000+ shared branches and ATMs nationwide through the CO-OP network.
A full mobile app: deposit checks with your camera, pay bills, send money and see your credit score.
Decisions made here. Local lenders review your loan, not a call center three states away.
Over 2 Billion in member-owned assets and 90,000 members.
Questions people ask
Many started that way, Interra included. Today, Interra serves anyone who lives or works in its 28 counties, plus their families. Credit Unions have what is referred to as a field of membership that is voted on by the members of the credit union and approved by the Department of Financial Institutions or DFI of the state.Â
Yes. Interra's deposits are insured up to $250,000 per account by American Share Insurance, a private insurer. Interra is not federally insured, by the choice of its members. Ask us how your accounts are covered and we'll walk you through it.
It's what credit unions call your ownership stake. Your $5 membership share stays in your savings account and makes you a member-owner. You'll also see "share savings" and "share certificates"; those are simply savings accounts and certificates (like CDs).
It's the money your savings earns. Banks call it interest; credit unions call it a dividend because members own the place.
Yes. Interra offers business checking, savings, cards and lending, and the #1 ag lending program among U.S. credit unions.
No. Many members start with one savings account or a certificate. However, When you're ready to move more, we'll help you easily switch your direct deposit and automatic payments.
Yes. You can use 5,000+ CO-OP shared branches and surcharge-free ATMs nationwide, plus Apple Pay, Google Pay and Samsung Pay.
There is a robust shared branching network between credit unions, to allow you to make deposits, withdraw cash and other standard banking practices.
Ready to be an owner?
Join more than 90,000 neighbors who own Interra. It takes about 5 minutes and $5.
Call (574) 534-2506 - Stop into a branch and talk with us - click below
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Digital Banking
Banking that keeps up with you. Manage your money anytime, anywhere with Interra’s convenient digital tools. From online and mobile banking to mobile deposit, digital wallets, Zelle®, bill pay, account alerts and more, everything you need to stay connected to your finances is right at your fingertips.
Refer-A-Friend
Good Things Are Better Shared.
Love banking with Interra? Refer your friends and family and help them discover the benefits of being an Interra member, too.Â