FAQs

Credit Union

Credit unions are non-profit and exist to help people, not to make a profit. All earnings of the credit union are returned to our members in the form of higher rates on savings, lower loan rates, and low-cost/free products and services. Credit unions have a volunteer board of directors, elected by the members, who govern the credit union. With their vote, each member has a direct impact on the direction of the credit union. Credit unions are owned by their members. Each member gets one vote and an equal say in the credit union's future. A credit union's goal is to serve all of their members equally and provide charitable contributions to their community.

Membership

You need to be eligible for membership to go through the application process. However, you don’t need to worry about applying for membership first, we can help you with that in the loan process.

Yes, your money is insured by the National Credit Union Administration (NCUA, an independent agency of the United States Government. Your savings is federally insured up to $250,000 and backed by the full faith and credit of the United States Government.

ICCU’s routing number is 272483015.

ICCU does offer wire transfers:

  • To send a wire to an ICCU account, you’ll need ICCU’s routing number (272483015), along with the name and account number to where you want the funds to go
  • To send a wire from an ICCU account, you’ll need the name and account number to where the funds are going, the financial institution's routing number, along with any financial intuition-specific information. Some financial institutions require different information when accepting wires, it is usually best to contact the accepting financial institution to see if they require more information or have a routing number specific for wire transfers

ICCU does offer serval retirement products, for long-term savings goals. However, we do not offer uninsured investment products. Instead, we encourage members to contact Total Investment Planners in Mt. Pleasant, Michigan, for a free consultation about their services.

Account

If your employer offers direct deposit, simply give the payroll department ICCU’s routing number (272483015) and your account number, including the 3-digit suffix of the account you wish to have your paycheck deposited into.

Yes! There are a few ways you can do this:

  • In online banking, once you login, go to “Member Services” and click on “ACH Transactions”. Choose your payroll from the list and click on “Add Distribution”. If your payroll isn’t in the list, you’ll need to wait until it comes in at least once to set up a new distribution
  • You can change where your payroll is deposited with your employer. Be sure that you have the correct account numbers and indicate the account suffix
  • You can fill out the Payroll Split form at any ICCU office

There are several ways to change your address on your account:

  • Login to online banking, and click on the circle next to your name at the top right corner and then “Personal Info & Settings”. You can update your address, phone number, and email in the “Personal Information” section
  • Contact ICCU to fill out the Change of Address form
  • Visit any ICCU office to change your address in person

Financial Literacy

Cosigners lend their names and good credit histories to the person requesting the loan. If this person is unable to make payments, all responsibility for meeting the terms of the loan transfers to the cosigner. An often overlooked aspect of cosigning a loan is that the loan will appear on both the maker and co-signer’s credit reports. Be sure to consider these responsibilities carefully before cosigning on the loan with someone else.

It might be tempting to view your 401(k) as a source of emergency funds, but before you dip into your retirement account for cash, explore alternatives. If you are looking for a smaller amount of cash, the Everyday Quick Cash Loan may be the perfect option.

Online/Mobile

Yes! ICCU does have mobile banking, simply go to ICCUonline.com on your phone or tablet. You can also use our mobile app, ICCU Mobile.

Yes, to deposit your check with your phone, you’ll need to download ICCU Mobile in the app store, login with your online banking credentials, and click on “Deposit”

In order to set up online banking, please call (989)773-5927 or stop into any office. Once you have logged into online banking, you have access to mobile banking and ICCU mobile.

Yes, you can pay your bills in online banking for free, as long as you pay at least one bill per month. To get started, login to online banking and click on “Pay Your Bills”

Checking

ICCU will occasionally put a hold on a check. There are many variables involved with this decision. If you have questions about a check, please bring it in to any ICCU office and talk with us.

If you haven’t ordered checks through Main Street before, please contact ICCU before placing your online order.
Reorder Checks Online

You can place a stop payment on a check in online banking. After you login, go to “Pay & Transfer” and click on “Cancel Check Payments”. You can also give us a call or stop into any ICCU office and we’ll place the stop payment for you.

There isn’t a charge for your debit card. However, there is a $5.00 charge (additional charge for a RUSH order) for a replacement debit card if it is lost, stolen, or damaged.

If your checks were lost or stolen, please contact ICCU at (989)773-5927 as soon as possible.

As long as you don’t overdraw your account, ICCU’s checking accounts are free!

If your debit card is lost or stolen, please call ICCU at (989) 773-5927 or

Loans

You can apply for a loan, credit card, or mortgage in person at ICCU’s Main Office on Isabella Rd or you can apply online securely below.

APPLY FOR LOAN APPLY FOR MORTGAGE ASK ABOUT HOME EQUITY LOANS ASK ABOUT BUSINESS LOANS

To request a limit increase, please contact ICCU by giving us a call at (989)773-5927.

If you are having trouble making your payments, please let us know as soon as you can. We will work with you to create a repayment plan to get you back on track!

Mortgage

Yes, ICCU offers many different types of home loans, including:

  • Conventional Mortgages
  • 5 and 10-year Balloon Mortgages
  • Residential Construction Loans
  • Mobile Home Loans

As well as these special mortgage options:

  • Federal Housing Administration (FHA) Loans
  • USDA Rural Development Loans
  • Veterans’ Affairs (VA) Loans
  • Vacant Loan Loans
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That depends on many different things. We would need to collect your income information, see what you have available for a down payment, and pull your credit report to know for sure. All it takes is a conversation to get started. Schedule an appointment online below or give us a call at (989) 773-5927.

SCHEDULE AN APPOINTMENT APPLY NOW

Absolutely! It’s a great idea to get prequalified as you start searching for your new home. That way, you are sure to look at houses you are confident you can afford, plus, the realtors and sellers know you can qualify for a mortgage, potentially making your offer more appealing than someone who isn’t prequalified. Prequalifications are valid for 90 days.

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Currently, ICCU does not have a First-Time Home Buyer Program. However, if you are looking for a lower down payment than ICCU’s conventional mortgage, we do have options to help!

  • Federal Housing Administration (FHA) Loan
  • Rural Development Home Loan
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You do not need to be a member to apply for a mortgage, however you will need to be a member in order to obtain financing, so please make sure that you qualify for membership.

Business

Yes, ICCU does offer many business accounts, including:

Business Accounts

  • Free-Checking
  • Savings
  • Money Market
BUSINESS ACCOUNTS

Business Loans

  • Commercial Credit Card
  • Secured Line of Credit
  • Secured Closed-End Loan
  • Commercial Real Estate
BUSINESS LOANS Schedule an Appointment

Business Checking Accounts do not have monthly service charges. ICCU doesn’t charge business accounts for deposited checks, ACH deposits, checks clearing the account, ACH withdrawals, or monthly maintenance fees.

Yes, we do, through a company called Elavon. Contact ICCU at (989) 772-6545 for more information.

Yes, it is, through a company called Elavon. Contact ICCU at (989) 772-6545 for more information.

No, ICCU does not charge an annual fee on any credit cards.

Yes, ICCU does offer many business accounts, including:

  • In-Person – Ask for Jim at our Downtown Office
  • By Phone – Call Jim McClain at (989) 772-6545
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