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Overview / Commentary
1-800-723-3276 ext. 7607
225 S East St
Indianapolis, IN 46202-4002

Hoosier United Credit Union is headquartered in Indianapolis and is the 95th largest credit union in the state of Indiana. It is also the 3,573rd largest credit union in the nation. It was established in 1931 and as of March of 2014, it had grown to 5 employees and 4,093 members. Hoosier United 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 Q1 2014

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 United Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Hoosier United Credit Union had $19,000 in non-current loans and owned real-estate with $1.73 million in equity and loan loss allowances on hand to cover it. This gives Hoosier United Credit Union a Texas Ratio of 1.10% 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 United Credit Union decreased dramatically from 4.46% as of March 31, 2013 to 1.10% as of March 31, 2014, resulting in a positive change of 75.37%.This indicates that the balance sheet and financial strength for Hoosier United Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Hoosier United Credit Union has increased its total deposits by $319,000, resulting in 1.81% 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 United 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. Hoosier United Credit Union has $19.62 million in assets with $1.73 million in equity, resulting in a capitalization level of 8.82%, which is average.

Institution Statistics

Overall
NCUA #67648
Year Chartered1931
Employees5
Primary Regulator
Assets and Liabilities
Assets$19.63 million
Loans$5.17 million
Deposits$17.92 million
Equity Capital$1.68 million
Loan Loss Allowance$47,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Historic Data - March 2013
Assets$19.33 million
Equity Capital$1.70 million
Loan Loss Allowance$69,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.43%
Return on Equity-4.99%
Interest Income$100,000
Rates
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Hoosier United 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 United Credit Union Money Market Rates

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

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