Notice of Updated Terms

Date of Notice:  Sept 20, 2023.  Effective Date:  November 15, 2023.

NOTICE OF IMPORTANT CHANGE to the Business & Industrial Federal Credit Union Account Agreement (Terms and Conditions)

This notification contains important information regarding amendments to the credit union’s Terms and Conditions. You should carefully review this notice and retain a copy for your records.  


AMENDMENTS to terms and Conditions

Holiday Closing

On Monday, September 4th, Business & Industrial Federal Credit Union will be closed in observance of Labor Day.

Holiday Closing

On Tuesday, July 4th, Business & Industrial Federal Credit Union will be closed in observance of Independence Day.

Credit Card Website

Your online account access to manage your credit card has changed. When you log in via web browser to manage your credit card account after June 21, 2023, you will be redirected to a new sign on and required to create a new username and password. Our tool is being updated to bring you new features.

Having issues? Contact us for help 812-372-6091.

Click here to be directed to the new site.

2023 Moonlight Loop

This year, B & I Federal Credit Union is a proud sponsor of Moonlight Loop: a fundraiser for Columbus Animal Care Services (CACS).

The Moonlight Loop is a leisurely 19-mile evening bike ride around scenic Columbus, Indiana – passing
several architectural gems along the way.

Join us Saturday, July 29, 2023, at 9 pm.

The animals need our help and doing a bike ride at night is a lot of FUN!

To learn more and register click here.

Holiday Closing

On Monday, May 29th, Business & Industrial Federal Credit Union will be closed in observance of Memorial Day.

Your Money Is Safe With Us! 

Your funds are insured.
When you open an account at B&I Federal Credit Union, your money is insured up to $250,000 per individual depositor by the National Credit Union Administration. The NCUA exists for one purpose: to protect credit unions and the members who own them through effective supervision, regulation, and insurance.
The NCUA is a federal agency that ensures the safety and soundness of credit unions. This means that your deposits are protected by the federal government. No member of a federally insured credit union has ever lost a penny of insured deposits.
Other ways we protect your money: 
B&I Federal Credit Union is a not-for-profit cooperative, owned by you and the other members using our services. This means:
  • All decisions about the products and services offered are made in your best interests.
  • We do not engage in risky practices to meet stockholders’ profit demands.
  • Our cooperative, not-for-profit structure inherently holds us accountable to you and other members.
  • We live and work in the communities we serve, taking local deposits and making local loans to build thriving communities.
  • We are focused on the soundness of a traditional, relationship-based business model.

Do you have questions?  Our team at the credit union is happy to help you review and determine how to maximize NCUA insurance protection for your money.

Holiday Closing

On Monday, February 20, Business & Industrial Federal Credit Union will be closed in observance of President’s Day.

Annual Meeting

The Annual Meeting of Business & Industrial Federal Credit Union will take
place at 1:30 PM on Saturday, January 28, 2023, at the Hampton Inn location of 12161 N. US 31 Edinburgh, Indiana.

Loan Specials

Current Loan Specials

We currently have a Christmas Loan and an Auto Loan Special.  Check it out!

Christmas Loan

Use it for anything you need! Money for gifts, visiting, travel, celebrations, food, decorations, and more. An excellent alternative to high-interest store credit cards.

  • up to $2000.00
  • 7.99% APR*
  • 24 month TERM

*APR = Annual Percentage Rate. Approval based on creditworthiness. The Credit Union reserves the right to discontinue or modify this product and service at any time. A loan amount of $2,000 for 24 months at 7.99% APR will have a monthly payment of $90.45. Special ends 1/31/2023. Equal Opportunity Lender. 

Apply for a Christmas Loan Online

Auto Loan

Business & Industrial Federal Credit Union is currently offering extremely competitive auto loan rates with up to 84 months financing on certain model years. Whether you’re looking to drive a new or used car off the dealership lot, purchase one from an individual, or want to lower your current rate, we can help! Check out our current rates apply for an auto loan online!