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Afena Credit Union

Afena Credit Union Locations
424 N Bradner Avenue
Marion, IN 46952
www.afenafcu.org

NCUA


Afena Credit Union is headquartered in Marion and is the 56th largest credit union in the state of Indiana. It is also the 2,150th largest credit union in the nation. It was established in 1958 and as of December of 2012, it had grown to 25 employees and 7,443 members. Afena Credit Union's savings rates are 15% higher than the national average, and it boasts a 5-star health rating.

Related Posts

Top CD Rates at Afena Federal Credit Union in Indiana - Local Only - 2/14/2012

It's rare to find 3.00% CDs these days. There are still a few around the country, but most are only offered by small banks and credit unions. Afena Federal Credit Union is one of these. It has a 3.03% ...



See Rates for: Savings | Money Market | CD

Afena Credit Union Savings Account Rates

ApyMinMaxProduct
0.70%$25k-Health Savings Account
0.15%$10k-Savings Account
0.15%$10k-Club Accounts
0.15%$10k-IRA Share

Afena Credit Union Money Market Rates

ApyMinMaxProduct
0.35%$100k-Money Market

Afena Credit Union CD Rates

ApyMinMaxProduct
1.76%$500-60 Month Share Certificate
1.51%$500-48 Month Share Certificate
0.80%$500-24 Month Share Certificate
0.80%$500-30 Month Share Certificate
0.80%$500-36 Month Share Certificate
0.30%$500-18 Month Share Certificate
0.25%$500-12 Month Share Certificate
0.20%$80-12 Month Payroll Certificate
0.15%$500-6 Month Share Certificate
0.05%$500-3 Month Share Certificate

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


AFENA
NCUA #12153
BankRate ReportView
Year Chartered1958
Employees25
Primary Regulator

Assets and Liabilities

Assets$55.76 million
Loans$38.69 million
Deposits$50.47 million
Equity Capital$4.88 million
Loan Loss Allowance$371,000
Unbacked Noncurrent Loans$263,000

Historic Data - December 2011

Assets$52.84 million
Equity Capital$4.65 million
Loan Loss Allowance$319,000
Unbacked Noncurrent Loans$380,000
Real Estate Owned$35,000

Profit Margin - Quarterly

Net Interest Margin5.62%
Return on Assets0.41%
Return on Equity4.7%
Interest Income$2.57 million
Non-Interest Income$955,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Afena Credit Union had $263,000 in non-current loans and owned real-estate with $5.25 million in equity and loan loss allowances on hand to cover it. This gives Afena Credit Union a Texas Ratio of 5.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Afena Credit Union decreased significantly from 8.36% as of December 31, 2011 to 5.01% as of December 31, 2012, resulting in a positive change of 40.02%.This indicates that the balance sheet and financial strength for Afena Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Afena Credit Union has increased its total deposits by $2.55 million, resulting in 5.32% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Afena Credit Union has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Afena Credit Union has $55.76 million in assets with $5.25 million in equity, resulting in a capitalization level of 9.41%, which is average.
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Afena Federal Credit Union Review
1 stars - ervluke - Sunday, February 24, 2013 - 11:01 AM

Bank clerks take all the money you put in the drive through tube and put it on your loan payment with out your permission and no not give you your change unless you request they do the transaction correctly and have them redue it.  They sigh and act like it is a bother that you are not paying more than your loan payment. They told us most people pay more. That's why they did not give me my change. Once they said it was because they car window was up. But they told me sign the the receipt and send it back. How do they do that with the window supposidly up? They suggested or the told us they will put a note on our account to only take the loan payment amount but to no avail they repeatedly do this and say the car window was up and they can not ask permission which is not true.  Both locations in Marion do this even with the note they suggested to put on the account. Good luck if you bank there.

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