Members Source Credit Union

What Members Source Credit Union does

Members Source Credit Union is a not-for-profit cooperative financial institution headquartered in Merrillville, United States, founded in 1935. The institution serves its membership with a complete range of loan products, deposit and transactional financial services, and residential mortgage origination and servicing. As a chartered credit union, it operates under cooperative ownership principles where members are also owners, and it is supervised within the U.S. credit union regulatory framework rather than as a commercial bank.

The credit union operates with a small staff of 11-50 employees, consistent with a community-scale institution whose competitive position is built on local member relationships rather than scale-driven cost advantages. Its product surface spans consumer lending, deposit accounts, and mortgage financing, suggesting a full-service retail financial offering oriented to individuals and households within its membership field of membership. No proprietary technology platform, digital channel strategy, or differentiated product architecture is documented in the available source data.

The business model follows the standard credit-union revenue mechanics of net interest income on the loan portfolio funded by member deposits, supplemented by non-interest fee income from mortgage origination, account servicing, and ancillary financial services. As a not-for-profit cooperative, surplus is returned to members through competitive deposit rates, loan pricing, and reduced fees rather than distributed to outside shareholders. The provided source material is materially incomplete — the corporate website did not load substantive content — so any further detail on member count, asset size, geographic footprint, or recent strategic activity cannot be reliably stated.

Name

Members Source Credit Union

Website

https://ms-cu.com

Company type

Private

Founded year

1935

Headcount range

11–50 employees

Short description

Members Source Credit Union is a small, not-for-profit community credit union founded in 1935 and based in Merrillville, US, offering loans, deposit accounts, and mortgage solutions to its member-owners.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Intermediation and Related Activities (522)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail credit union
• Consumer lending
• Mortgage loans
• Deposit accounts
• Personal financial services

Headquarters

HQ city

Merrillville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

Members Source Credit Union is a not-for-profit cooperative financial institution that provides a complete range of loan applications, financial services, and mortgaging solutions to its members. Founded in 1935 and headquartered in Merrillville, Indiana, the credit union serves individual members with personal banking and lending products.

Differentiator

Problem solved

Functional benefit

Products and services

• Loan Applications Loan application services offered to individual members of the credit union for personal lending needs.
• Mortgaging Solutions Mortgage lending solutions for individual members seeking home purchase or refinance financing.
• Financial Services General financial services offered to members of the credit union, supporting everyday banking and savings needs.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• Horizon Bank: Community bank headquartered in Northwest Indiana offering consumer loans, mortgages, and deposit services; competes in the same geographic footprint and customer segment as Members Source.
• Teachers Credit Union: Large Indiana-headquartered credit union offering consumer loans, mortgages, and full financial services; comparable cooperative structure and product set, though significantly larger scale.
• Centier Bank: Indiana-headquartered community bank serving Northwest Indiana with consumer lending, mortgage, and deposit products; directly comparable in market geography, product mix, and small-business/community positioning to Members Source Credit Union.
• Indiana Members Credit Union: Indiana-based credit union offering consumer loans, mortgages, and deposit products statewide; directly comparable cooperative model with overlapping Indiana membership base.

Regional players

• First Financial Bank: Indiana and Midwest-headquartered community bank offering consumer lending, mortgage, and deposit products; comparable regional community-banking model with broader Indiana footprint.
• Great Lakes Credit Union: Illinois-based credit union serving the greater Chicago/Northwest Indiana region with consumer loans and deposits; comparable cooperative model and adjacent regional market.
• Consumers Cooperative Credit Union: Midwest community credit union offering consumer loans, mortgages, and deposit products; comparable cooperative, community-focused model serving a similar-size market.
• Lake Trust Credit Union: Michigan-based community credit union offering consumer lending and mortgage products; comparable cooperative structure, scale, and member-focused service orientation.

Broad incumbents

• Old National Bank: Large Midwest regional bank with significant Indiana presence offering consumer loans, mortgages, and full banking services; broader incumbent competing for the same Northwest Indiana households and businesses.
• Alliant Credit Union: Large national digital-first credit union offering consumer loans, mortgages, and deposits across the U.S.; broader incumbent whose online model could pull Members Source members who migrate to digital channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights4 records

Customer concentration

• Xx.com/memberssourcecu

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Members Source Credit Union