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One West Gate Drive
Odon, IN 47562

Crane Federal Credit Union is headquartered in ODON and is the 16st largest credit union in the state of Indiana. It is also the 512st largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 92 employees and 33,687 members. Crane Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Crane Federal Credit Union serves people who work for or belong to a Select Employee Group (SEG), which includes local organizations and associations. Membership requires $5 minimum balance in the savings account. - See Details

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Reviews (1)

Pulled Credit Without Me Even Filling Out App

I had banked with crane for several years and asked them about a business credit card. Before I even filled out an application they ran my credit numbers. I thought that was very rude and disrespectful.


Data for Q4 2013

Institution Health


Texas Ratio


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, 2013 Crane Federal Credit Union had $4.57 million in non-current loans and owned real-estate with $55.14 million in equity and loan loss allowances on hand to cover it. This gives Crane Federal Credit Union a Texas Ratio of 8.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Crane Federal Credit Union increased slightly from 2.47% as of December 31, 2012 to 8.30% as of December 31, 2013, resulting in a negative change of 235.96%. This indicates that the balance sheet and financial strength for Crane Federal Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Crane Federal Credit Union has increased its total deposits by $5.79 million, resulting in 1.66% 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 Crane Federal Credit Union has shown is above average.



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. Crane Federal Credit Union has $417.84 million in assets with $55.14 million in equity, resulting in a capitalization level of 13.20%, which is excellent.

Institution Statistics

NCUA #10544
Year Chartered1955
Primary Regulator
Assets and Liabilities
Assets$417.84 million
Loans$249.13 million
Deposits$354.57 million
Equity Capital$54.07 million
Loan Loss Allowance$1.07 million
Unbacked Noncurrent Loans$3.78 million
Real Estate Owned$799,000
Historic Data - December 2012
Assets$412.07 million
Equity Capital$52.81 million
Loan Loss Allowance$608,000
Unbacked Noncurrent Loans$3.78 million
Real Estate Owned$393,000
Profit Margin - Quarterly
Net Interest Margin4.19%
Return on Assets0.81%
Return on Equity6.24%
Interest Income$14.00 million

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Crane Federal Credit Union Savings Account Rates

0.20%--Christmas Club
0.20%--IRA Savings
0.20%--Vacation Club
0.20%--Coverdell Savings

Crane Federal Credit Union Money Market Rates

0.30%$100k-Money Market Savings

Crane Federal Credit Union Checking Account Rates

0.10%--Share Checking

Crane Federal Credit Union CD Rates

1.36%$500-60 Month CD
1.11%$500-48 Month CD
0.80%$500-36 Month CD
0.70%$500-30 Month CD
0.60%$500-24 Month CD
0.45%$500-18 Month CD
0.40%$500-12 Month CD
0.25%$500-6 Month CD

Crane Federal Credit Union IRA Rates

1.11%$500-48 Month IRA (Traditional,CESA)
0.80%$500-36 Month IRA (Traditional,CESA)
0.60%$500-24 Month IRA (Traditional,CESA)
0.45%$500-18 Month IRA (Traditional,CESA)
0.40%$500-12 Month IRA (Traditional,CESA)
0.25%$500-6 Month IRA (Traditional,CESA)

Crane Federal Credit Union has 12 locations. Click to view all Crane Federal Credit Union locations.