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Overview / Commentary
1-800-723-3276 ext. 7607
P.O. Box 1250
Indianapolis, IN 46206

Hoosier Farm Bureau Credit Union is headquartered in Indianapolis and is the 94th largest credit union in the state of Indiana. It is also the 3,616st largest credit union in the nation. It was established in 1931 and as of December of 2013, it had grown to 5 employees and 4,034 members. Hoosier Farm Bureau Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee of Farm Bureau or other select organization. - See Details

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Health

Data for Q4 2013

Institution Health

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

Texas Ratio

GRADE:
A+

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 Hoosier Farm Bureau Credit Union had $26,000 in non-current loans and owned real-estate with $1.75 million in equity and loan loss allowances on hand to cover it. This gives Hoosier Farm Bureau Credit Union a Texas Ratio of 1.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Hoosier Farm Bureau Credit Union decreased dramatically from 2.20% as of December 31, 2012 to 1.48% as of December 31, 2013, resulting in a positive change of 32.64%.This indicates that the balance sheet and financial strength for Hoosier Farm Bureau Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Hoosier Farm Bureau Credit Union has increased its total deposits by $6.78 million, resulting in 66.09% 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 Hoosier Farm Bureau Credit Union has shown is excellent.

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. Hoosier Farm Bureau Credit Union has $18.76 million in assets with $1.75 million in equity, resulting in a capitalization level of 9.34%, which is average.

Institution Statistics

Overall
NCUA #67648
Year Chartered1931
Employees5
Primary Regulator
Assets and Liabilities
Assets$18.76 million
Loans$5.17 million
Deposits$17.05 million
Equity Capital$1.71 million
Loan Loss Allowance$47,000
Unbacked Noncurrent Loans$26,000
Real Estate Owned$0
Historic Data - December 2012
Assets$11.35 million
Equity Capital$1.07 million
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$26,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.1%
Return on Assets0.01%
Return on Equity0.12%
Interest Income$391,000
Rates
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Hoosier Farm Bureau Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$250-Smart Start Savings
0.05%--Regular Savings
0.05%--Special Savings
0.05%--Christmas Club Savings
0.00%--Vacation Club Savings

Hoosier Farm Bureau Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-High Yield Money Market Account
0.15%$2,500-Money Market Account

Hoosier Farm Bureau Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-24 Month CD
0.20%$1k-18 Month CD
0.05%$1k-12 Month CD
0.00%$1k-6 Month CD
Locations


Hoosier Farm Bureau Credit Union Locations
Branch Office225 S East StIndianapolis, IN 46202-4002
Branch Office1828 N Meridian STIndianapolis, IN 46202