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260-432-1561
3102 Spring St
Fort Wayne, IN 46808

Fort Financial Credit Union is headquartered in Fort Wayne and is the 25th largest credit union in the state of Indiana. It is also the 1,046th largest credit union in the nation. It was established in 1946 and as of December of 2013, it had grown to 77 employees and 33,824 members. Fort Financial Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Fort Financial Credit Union is open to anyone who lives, works, worships, attends school within certain areas around Corinth, Mississippi; Fort Wayne and Marion, Indiana; and Gastonia, North Carolina. You can also be eligible via select employer groups. - See Details

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B+

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 Fort Financial Credit Union had $1.59 million in non-current loans and owned real-estate with $14.08 million in equity and loan loss allowances on hand to cover it. This gives Fort Financial Credit Union a Texas Ratio of 11.32% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Fort Financial Credit Union experienced no significant changes from 10.04% as of December 31, 2012 to 11.32% as of December 31, 2013, resulting in a negative change of 12.73%. This indicates that the balance sheet and financial strength for Fort Financial Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Fort Financial Credit Union has increased its total deposits by $844,000, resulting in 0.56% 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 Fort Financial Credit Union has shown is above average.

Capitalization

GRADE:
C

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. Fort Financial Credit Union has $166.44 million in assets with $14.08 million in equity, resulting in a capitalization level of 8.46%, which is average.

Institution Statistics

Overall
NCUA #5431
Year Chartered1946
Employees77
Primary Regulator
Assets and Liabilities
Assets$166.44 million
Loans$145.58 million
Deposits$150.36 million
Equity Capital$12.76 million
Loan Loss Allowance$1.32 million
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$0
Historic Data - December 2012
Assets$160.47 million
Equity Capital$10.15 million
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.43%
Return on Assets0.91%
Return on Equity11.9%
Interest Income$6.98 million
Rates
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Fort Financial Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Coverdell ESA Share
0.15%--Traditional IRA Share
0.15%--Roth IRA Share
0.05%$50-Prime Savings
0.05%$50-Special I Savings
0.05%$500-Special II Savings
0.05%$50-Vacation Club
0.05%$50-Christmas Club

Fort Financial Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Account

Fort Financial Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.21%$500-60 Month Certificate
1.11%$500-48 Month Certificate
1.01%$500-36 Month Certificate
0.60%$500-18 Month Certificate
0.25%$500-24 Month Certificate
0.25%$500-30 Month COMFORT Certificate
0.10%$500-9 Month Certificate
0.10%$500-12 Month Certificate
0.05%$500-3 Month Certificate
0.05%$500-6 Month Certificate

Fort Financial Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.21%$500-60 Month IRA Certificate (Traditional,Roth,CESA)
1.11%$500-48 Month IRA Certificate (Traditional,Roth,CESA)
1.01%$500-36 Month IRA Certificate (Traditional,Roth,CESA)
0.60%$500-18 Month IRA Certificate (Traditional,Roth,CESA)
0.25%$500-24 Month IRA Certificate (Traditional,Roth,CESA)
0.25%$500-30 Month COMFORT IRA Certificate (Traditional,Roth,CESA)
0.10%$500-12 Month IRA Certificate (Traditional,Roth,CESA)
Locations


Fort Financial Credit Union Locations
Branch Office10301 Maysville RdFort Wayne, IN 46835-9591
Branch Office6309 Lima RdFort Wayne, IN 46818
Branch Office702 State Road 205Churubusco, IN 46723-2016
Branch Office603 W Harcourt RdAngola, IN 46703-8802
Branch Office3102 Spring StFort Wayne, IN 46808-2962
Branch Office1302 S Grandstaff DrAuburn, IN 46706-2661
Branch Office1808 S Fulton DrCorinth, MS 38834-9043
Branch Office1475 N New Hope RdGastonia, NC 28054
Branch Office5909 Illinois RdFort Wayne, IN 46804