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Overview / Commentary
615 N Western Ave
Marion, IN 46952

Fortress Credit Union is headquartered in Marion and is the 101st largest credit union in the state of Indiana. It is also the 3,922nd largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 6 employees and 2,011 members. Fortress Credit Union's savings rates are 35% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Grant County, Indiana. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Fortress Credit Union has a low asset base.

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 Fortress Credit Union had $84,000 in non-current loans and owned real-estate with $3.36 million in equity and loan loss allowances on hand to cover it. This gives Fortress Credit Union a Texas Ratio of 2.50% 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 Fortress Credit Union experienced no significant changes from 0.09% as of March 31, 2013 to 2.50% as of March 31, 2014, resulting in a negative change of 2,765.87%. This indicates that the balance sheet and financial strength for Fortress Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Fortress Credit Union has increased its total deposits by $409,000, resulting in 3.54% 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 Fortress 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. Fortress Credit Union has $15.34 million in assets with $3.36 million in equity, resulting in a capitalization level of 21.89%, which is excellent.

Institution Statistics

NCUA #7392
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$15.34 million
Loans$9.35 million
Deposits$11.96 million
Equity Capital$3.30 million
Loan Loss Allowance$60,000
Unbacked Noncurrent Loans$84,000
Real Estate Owned$0
Historic Data - March 2013
Assets$14.99 million
Equity Capital$3.35 million
Loan Loss Allowance$83,000
Unbacked Noncurrent Loans$84,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.26%
Return on Equity1.21%
Interest Income$147,000
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Fortress Credit Union Savings Account Rates

0.70%--Educational IRA
0.70%--Roth IRA
0.70%--Conversion Roth IRA
0.10%--Regular Shares
0.10%--Christmas Club

Fortress Credit Union Money Market Rates

0.30%$25k-Money Market

Fortress Credit Union CD Rates

1.25%$1k-48 Month CD
0.85%$1k-36 Month CD
0.75%$1k-30 Month CD
0.50%$1k-24 Month CD
0.40%$1k-18 Month CD
0.30%$1k-12 Month CD
0.20%$1k-6 Month CD
0.10%$1k-3 Month CD

Fortress Credit Union Locations
Branch Office508 E Charles StMarion, IN 46952
Branch Office615 N Western AveMarion, IN 46952