IC Federal Credit Union

300 Bemis Road
Fitchburg, MA 01420
(978)343-3725
www.iccreditunion.org

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IC Federal Credit Union is headquartered in Fitchburg and is the 19^st largest credit union in the state of Massachusetts. It is also the 438^th largest credit union in the nation. It was established in 1934 and as of September of 2011, it had grown to 111 employees and 21,003 members. IC Federal Credit Union's savings rates are 83% higher than the national average, and it has a 4-star health rating.

Competitive CD, Savings and Checking Account Rates at IC FCU in MA - Local Only - 3/21/2010

IC Federal Credit Union is offering competitive rates on several of its deposit products. For CD rates, the most competitive is a 2.45% APY 24-month CD. Other notable ones include a 3.25% APY 60-mont ...

6% Savings Account / 5% Checking Account at a MA Credit Union (IC) - 5/5/2007

IC Federal Credit Union is offering a 6% APY savings account and a 5% APY checking account. It's called IC Direct Checking & Savings. The offer ends on September 1, 2007.The Direct Savings has no monthly service charges. The minimum balance is $50 to...

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See Rates for: Checking | Savings | Money Market | CD | IRA

IC Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.60%	$50	-	IC Direct Checking
0.25%	-	-	All Together Now Checking
0.15%	$50	-	NOW Checking
0.15%	$50	-	Club 55 NOW Checking

IC Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
1.20%	$50k	-	IRA Savings
0.70%	$50	-	IC Direct Savings
0.20%	$50	-	Statement Savings
0.20%	$50	-	Passbook Savings
0.20%	$50	-	Just 4 Teen Savings
0.20%	$50	-	Christmas Club Savings
0.20%	$50	-	Just 4 Kids Savings

IC Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.75%	$50k	-	Money Market

IC Federal Credit Union CD Rates

Apy	Min	Max	Product
2.22%	$500	-	5 Year Term Share Certificate
1.76%	$500	-	4 Year Term Share Certificate
1.61%	$500	-	3 Year Term Share Certificate
1.15%	$500	-	2 Year Term Share Certificate
1.00%	$500	-	18 Month Term Share Certificate
0.85%	$500	-	1 Year Term Share Certificate
0.60%	$500	-	6 Month Term Share Certificate
0.40%	$500	-	90 Day Term Share Certificate

IC Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.22%	$500	-	5 Year Term IRA Certificate
2.22%	$500	-	5 Year Term Roth IRA Certificate
1.76%	$500	-	4 Year Term IRA Certificate
1.76%	$500	-	4 Year Term Roth IRA Certificate
1.61%	$500	-	3 Year Term IRA Certificate
1.61%	$500	-	3 Year Term Roth IRA Certificate
1.15%	$500	-	2 Year Term IRA Certificate
1.15%	$500	-	2 Year Term Roth IRA Certificate
1.00%	$500	-	18 Month Term IRA Certificate
1.00%	$500	-	18 Month Term Roth IRA Certificate
0.85%	$500	-	1 Year Term IRA Certificate
0.85%	$500	-	1 Year Term Roth IRA Certificate
0.60%	$500	-	6 Month Term IRA Certificate
0.60%	$500	-	6 Month Term Roth IRA Certificate
0.40%	$500	-	90 Day Term IRA Certificate
0.40%	$500	-	90 Day Term Roth IRA Certificate

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

I-C
NCUA #	24250
BankRate Report	View
Year Established	1934
Employees	111
Primary Regulator
Assets and Liabilities
Assets	$444.54 million
Loans	$378.22 million
Deposits	$335.18 million
Equity Capital	$40.16 million
Loan Loss Allowance	$2.78 million
Unbacked Noncurrent Loans	$2.93 million
Real Estate Owned	$995,000
Historic Data - September 2010
Assets	$396.28 million
Equity Capital	$33.69 million
Loan Loss Allowance	$2.73 million
Unbacked Noncurrent Loans	$4.02 million
Real Estate Owned	$557,000
Profit Margin - Quarterly
Net Interest Margin	3.09%
Return on Assets	0.66%
Return on Equity	7.3%
Interest Income	$15.66 million
Non-Interest Income	$1.92 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 September 30, 2011 IC Federal Credit Union had $3.92 million in non-current loans and owned real-estate with $42.94 million in equity and loan loss allowances on hand to cover it. This gives IC Federal Credit Union a Texas Ratio of 9.14% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for IC Federal Credit Union decreased slightly from 12.55% as of September 30, 2010 to 9.14% as of September 30, 2011, resulting in a positive change of 27.23%.This indicates that the balance sheet and financial strength for IC Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, IC Federal Credit Union has increased its total deposits by $19.42 million, resulting in 6.15% 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 IC Federal Credit Union has shown is excellent.
Capitalization
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. IC Federal Credit Union has $444.54 million in assets with $42.94 million in equity, resulting in a capitalization level of 9.66%, which is average.