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7101 E 56th St
Indianapolis, IN 46226

Financial Center Federal Credit Union is headquartered in Indianapolis and is the 12st largest credit union in the state of Indiana. It is also the 446th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 116 employees and 58,230 members. Financial Center Federal Credit Union has a A+ health rating.

Field of Membership Restrictions

Financial Center Federal Credit Union serves consumers who live, work, worship, attend school, or volunteer in Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, Morgan, Putnam, and Shelby Counties and the greater Indianapolis area. - See Details

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Reviews (5)

Stay Away !!!

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.

Just Opened The Account

So far its ok, The debit cards are extreamly ugly and look like something that went out of date in the 50's. The online account is not working, however they have been very helpful and fast at responding to me and it should be fixed soon. I get a 1.25% intrest on my checking account, my old bank would not even do that for a 6 year CD. So for the intreset I will let that slide. 

As for the credit pull, There is no "soft" credit pull, if any company pulls your credit it is a hard hit. You can't blam a company for your ignorance on the subject of how credit works.

Terrible Service

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!!  

Horrible Liars And Thieves

Stole several hundreds of dollars from us in false NSF fees due to branch personnel mistakes.  Failed transfer, held funds, horrible customer service.

Lied to by every single rep on the phone and in the branches.  Took months to correct the smallest error, and they made ZERO record of it.  SO when the same thing happened, I was called a liar because they made no record.  I hear nothing but horror stories from using this joke of a Credit Union.

I could not close this account faster.  The other reviewer hit the nail on the head; Peice of garbage establishment.

So Far So Good

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. 


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Financial Center Federal Credit Union had $2.46 million in non-current loans and owned real-estate with $62.47 million in equity and loan loss allowances on hand to cover it. This gives Financial Center Federal Credit Union a Texas Ratio of 3.93% 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 Financial Center Federal Credit Union experienced no significant changes from 4.06% as of March 31, 2013 to 3.93% as of March 31, 2014, resulting in a positive change of 3.07%.This indicates that the balance sheet and financial strength for Financial Center Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Financial Center Federal Credit Union has increased its total deposits by $58.6 million, resulting in 15.62% 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.



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 $508.05 million in assets with $62.47 million in equity, resulting in a capitalization level of 12.30%, which is excellent.

Institution Statistics

NCUA #8594
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$508.05 million
Loans$387.48 million
Deposits$433.76 million
Equity Capital$58.69 million
Loan Loss Allowance$3.78 million
Unbacked Noncurrent Loans$2.09 million
Real Estate Owned$369,000
Historic Data - March 2013
Assets$443.00 million
Equity Capital$52.80 million
Loan Loss Allowance$4.38 million
Unbacked Noncurrent Loans$2.09 million
Real Estate Owned$46,000
Profit Margin - Quarterly
Net Interest Margin0.94%
Return on Assets0.43%
Return on Equity3.73%
Interest Income$4.37 million

Always verify rates and promotions with the bank or credit union. We are not Financial Center Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Financial Center Federal Credit Union Savings Account Rates

0.15%$10k-IRA Premium Shares
0.10%$10k-Health Savings Premium Money Market
0.10%$1k-IRA Plus Shares
0.05%$100-Share Savings
0.05%$100-Student Savings
0.05%$100-Special Savings
0.05%$100-IRA Shares
0.05%$100-Health Savings Account
0.05%$100-Members' Choice Club
0.05%--Health Savings Money Market
0.05%$100-Business Savings

Financial Center Federal Credit Union Money Market Rates

0.35%$100k-Premier Money Market
0.35%$100k-Business Premier Money Market
0.30%$100k-Tiered Money Market
0.20%$50k-Prestige Money Market
0.20%$50k-Business Prestige Money Market
0.10%$10k-Premium Money Market
0.10%$10k-Business Premium Money Market
0.05%--Money Market
0.05%--Business Money Market

Financial Center Federal Credit Union Checking Account Rates

3.00%-$1kImpact Checking
0.05%--Interest Checking
0.05%--Business Interest Checking

Financial Center Federal Credit Union CD Rates

2.25%$500-84 Month Share Certificate
1.50%$10k-39 Month Certificate Special
1.27%$50k-60 Month Share Certificate
1.27%$50k-60 Month HSA Share Certificate
1.22%$500-60 Month FlexSmart Certificate
1.22%$500-60 Month AddSmart Certificate
0.92%$50k-48 Month Share Certificate
0.92%$50k-48 Month HSA Share Certificate
0.67%$50k-36 Month Share Certificate
0.67%$50k-36 Month HSA Share Certificate
0.47%$50k-30 Month Share Certificate
0.47%$50k-30 Month HSA Share Certificate
0.42%$50k-24 Month Share Certificate
0.42%$50k-24 Month HSA Share Certificate
0.32%$50k-18 Month Share Certificate
0.32%$50k-18 Month HSA Share Certificate
0.27%$50k-12 Month Share Certificate
0.27%$50k-12 Month HSA Share Certificate
0.22%$50k-9 Month Share Certificate
0.22%$50k-9 Month HSA Share Certificate
0.17%$50k-6 Month Share Certificate
0.17%$50k-6 Month HSA Share Certificate
0.12%$50k-91 Day Share Certificate
0.12%$50k-91 Day HSA Share Certificate

Financial Center Federal Credit Union IRA Rates

2.25%$500-84 Month IRA Share Certificate
1.27%$50k-60 Month IRA Share Certificate
1.22%$500-60 Month AddSmart IRA Certificate
1.22%$500-60 Month FlexSmart IRA Certificate
0.92%$50k-48 Month IRA Share Certificate
0.67%$50k-36 Month IRA Share Certificate
0.47%$50k-30 Month IRA Share Certificate
0.42%$50k-24 Month IRA Share Certificate
0.32%$50k-18 Month IRA Share Certificate
0.27%$50k-12 Month IRA Share Certificate
0.22%$50k-9 Month IRA Share Certificate
0.17%$50k-6 Month IRA Share Certificate
0.12%$50k-91 Day IRA Share Certificate

Financial Center Federal Credit Union has 11 locations. Click to view all Financial Center Federal Credit Union locations.