1.5 star ratingAverage User Rating:
1.5 star rating based on 3 reviews.

Financial Center Federal Credit Union

Financial Center Federal Credit Union Locations
7101 East 56th Street P.O. Box 26501
Indianapolis, IN 46226-0501
800.47.FCFCU
www.fcfcu.com



Financial Center Federal Credit Union is headquartered in Indianapolis and is the 14st largest credit union in the state of Indiana. It is also the 467th largest credit union in the nation. It was established in 1953 and as of September of 2011, it had grown to 106 employees and 43,871 members. Financial Center Federal Credit Union has a 5-star health rating.

Related Posts

Indianapolis Credit Union Expands Community Charter (Forum) - 11/20/2011

The NCUA has approved the expansion of Finance Center Federal Credit Union's field of membership. From the Credit Union National Association: That $419 million in asset, 44,000-member credit union will now be able to draw membership from citizens that liv

This Financial Center FCU Absolutely Sucks (Forum) - 2/17/2010

This Financial Center FCU absolutely sucks.  Please stay away from this poor excuse of a credit union let alone a bank.  I was treated like crap at their main branch on the East Side and the VP even called me up apologizing.  They will do a

Free Reward Checking Account at an Indiana CU (Financial Center) - 6/16/2008

Update 12/29/09: The top rate has fallen to 3.01% APY. Refer to the bottom of the post for the rate history.Financial Center FCU is offering a reward checking account that pays 3.01% APY on balances up to $25,000 (0.51% for above) and refunds ATM fees if...



See Rates for: Checking | Savings | Money Market | CD | IRA

Financial Center Federal Credit Union Checking Account Rates

ApyMinMaxProduct
1.25%-$25kReward Checking
0.05%--Interest Checking
0.05%--Business Interest Checking

Financial Center Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.05%$100-Share Savings
0.05%$100-Student Savings
0.05%$100-Special Savings
0.05%$100-IRA Shares Savings
0.05%$100-Health Savings Account
0.05%$100-Members' Choice Club
0.05%$100-Business Savings

Financial Center Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.50%$100k-Premier Money Market
0.25%$50k-Prestige Money Market
0.15%$10k-Premium Money Market
0.15%$10k-Health Savings Premium Money Market
0.15%$10k-Business Premium Money Market
0.10%$1k-Money Market
0.10%$1k-Health Savings Money Market
0.10%$1k-Business Money Market

Financial Center Federal Credit Union CD Rates

ApyMinMaxProduct
1.45%$50k-60 Months Jumbo Share Certificate
1.35%$10k$50k60 Months Share Certificate
1.35%$500-60 Month FlexSmart Certificate
1.35%$500-60 Month AddSmart Certificate
1.20%$10k-36 Month Certificate Special
1.15%$50k-48 Months Jumbo Share Certificate
1.05%$10k$50k48 Months Share Certificate
0.80%$50k-36 Months Jumbo Share Certificate
0.70%$10k$50k36 Months Share Certificate
0.60%$50k-30 Months Jumbo Share Certificate
0.55%$50k-24 Months Jumbo Share Certificate
0.50%$10k$50k30 Months Share Certificate
0.45%$10k$50k24 Months Share Certificate
0.45%$50k-18 Months Jumbo Share Certificate
0.40%$50k-12 Months Jumbo Share Certificate
0.35%$10k$50k18 Months Share Certificate
0.35%$50k-9 Months Jumbo Share Certificate
0.30%$10k$50k12 Months Share Certificate
0.30%$50k-6 Months Jumbo Share Certificate
0.25%$10k$50k9 Months Share Certificate
0.20%$10k$50k6 Months Share Certificate
0.20%$50k-91 Days Jumbo Share Certificate
0.10%$10k$50k91 Days Share Certificate

Financial Center Federal Credit Union IRA Rates

ApyMinMaxProduct
1.45%$50k-60 Months Jumbo IRA Share Certificates
1.45%$50k-60 Months Jumbo HSA Share Certificates
1.35%$10k$50k60 Months HSA Share Certificates
1.30%$500$10k60 Months IRA Share Certificates
1.15%$50k-48 Months Jumbo IRA Share Certificates
1.15%$50k-48 Months Jumbo HSA Share Certificates
1.05%$10k$50k48 Months IRA Share Certificates
1.05%$10k$50k48 Months HSA Share Certificates
0.80%$50k-36 Months Jumbo IRA Share Certificates
0.80%$50k-36 Months Jumbo HSA Share Certificates
0.70%$10k$50k36 Months IRA Share Certificates
0.70%$10k$50k36 Months HSA Share Certificates
0.60%$50k-30 Months Jumbo IRA Share Certificates
0.60%$50k-30 Months Jumbo HSA Share Certificates
0.55%$50k-24 Months Jumbo IRA Share Certificates
0.55%$50k-24 Months Jumbo HSA Share Certificates
0.50%$10k$50k30 Months IRA Share Certificates
0.50%$10k$50k30 Months HSA Share Certificates
0.45%$10k$50k24 Months IRA Share Certificates
0.45%$50k-18 Months Jumbo IRA Share Certificates
0.45%$10k$50k24 Months HSA Share Certificates
0.45%$50k-18 Months Jumbo HSA Share Certificates
0.40%$50k-12 Months Jumbo IRA Share Certificates
0.40%$50k-12 Months Jumbo HSA Share Certificates
0.35%$10k$50k18 Months IRA Share Certificates
0.35%$50k-9 Months Jumbo IRA Share Certificates
0.35%$10k$50k18 Months HSA Share Certificates
0.35%$50k-9 Months Jumbo HSA Share Certificates
0.30%$10k$50k12 Months IRA Share Certificates
0.30%$50k-6 Months Jumbo IRA Share Certificates
0.30%$10k$50k12 Months HSA Share Certificates
0.30%$50k-6 Months Jumbo HSA Share Certificates
0.25%$10k$50k9 Months IRA Share Certificates
0.25%$10k$50k9 Months HSA Share Certificates
0.20%$10k$50k6 Months IRA Share Certificates
0.20%$50k-91 Days Jumbo IRA Share Certificates
0.20%$10k$50k6 Months HSA Share Certificates
0.20%$50k-91 Days Jumbo HSA Share Certificates
0.10%$10k$50k91 Days IRA Share Certificates
0.10%$10k$50k91 Days HSA Share Certificates

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


FINANCE CENTER
NCUA #8594
BankRate ReportView
Year Established1953
Employees106
Primary Regulator

Assets and Liabilities

Assets$419.25 million
Loans$302.77 million
Deposits$353.58 million
Equity Capital$50.51 million
Loan Loss Allowance$4.18 million
Unbacked Noncurrent Loans$2.83 million
Real Estate Owned$98,000

Historic Data - September 2010

Assets$405.49 million
Equity Capital$48.44 million
Loan Loss Allowance$3.88 million
Unbacked Noncurrent Loans$5.34 million
Real Estate Owned$306,000

Profit Margin - Quarterly

Net Interest Margin3.21%
Return on Assets0.48%
Return on Equity3.98%
Interest Income$13.41 million
Non-Interest Income$5.53 million

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 September 30, 2011 Financial Center Federal Credit Union had $2.93 million in non-current loans and owned real-estate with $54.69 million in equity and loan loss allowances on hand to cover it. This gives Financial Center Federal Credit Union a Texas Ratio of 5.36% 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 Financial Center Federal Credit Union decreased significantly from 10.79% as of September 30, 2010 to 5.36% as of September 30, 2011, resulting in a positive change of 50.36%.This indicates that the balance sheet and financial strength for Financial Center Federal Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Financial Center Federal Credit Union has increased its total deposits by $26.46 million, resulting in 8.09% 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 Financial Center Federal Credit Union has shown is excellent.
Capitalization5
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. Financial Center Federal Credit Union has $419.25 million in assets with $54.69 million in equity, resulting in a capitalization level of 13.05%, which is excellent.
Write Review

Stay Away !!!
1 stars - bas2000 - Tuesday, August 10, 2010 - 4:12 PM

This credit union is a Piece of sh*t. They will also do a hard credit pull on you and lie to you saying it's a soft pull when in fact it's not. I filled a complaint against them for their piss poor customer service. I would avoid this place like the plague.

5

Terrible Service
1 stars - colts1778 - Thursday, April 21, 2011 - 11:50 PM

I went into this branch on 56th street and the service is horrible.  The rude tellers and unfriendly staff made me to never go back.  i closed my account and stay away from this credit union.  It's not worth it!!  

2

So Far So Good
3 stars - Anonymous - Wednesday, October 20, 2010 - 10:29 AM

I have had a good experience with FCFCU.... so far.  
I like their interest rate and convince.  
The folks at the Fort office have been very helpful. 

1