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Overview / Commentary
800-752-4613
1710 Saint Joe River Dr
Fort Wayne, IN 46805-1436

ProFed Federal Credit Union is headquartered in Fort Wayne and is the 18st largest credit union in the state of Indiana. It is also the 585th largest credit union in the nation. It was established in 1933 and as of March of 2014, it had grown to 127 employees and 46,493 members. ProFed Federal Credit Union has a A health rating.

Field of Membership Restrictions

Must be an employee of any ProFed sponsor group. Also open to those who live, work, attend school or worship in a certain area of Allen County. - See Details

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Health

Data for Q1 2014

Institution Health

A

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 ProFed Federal Credit Union had $793,000 in non-current loans and owned real-estate with $34.13 million in equity and loan loss allowances on hand to cover it. This gives ProFed Federal Credit Union a Texas Ratio of 2.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for ProFed Federal Credit Union experienced no significant changes from 2.25% as of March 31, 2013 to 2.32% as of March 31, 2014, resulting in a negative change of 3.18%. This indicates that the balance sheet and financial strength for ProFed Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, ProFed Federal Credit Union has increased its total deposits by $3.51 million, resulting in 1.09% 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 ProFed Federal 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. ProFed Federal Credit Union has $376.23 million in assets with $34.13 million in equity, resulting in a capitalization level of 9.07%, which is average.

Institution Statistics

Overall
NCUA #17012
Year Chartered1933
Employees127
Primary Regulator
Assets and Liabilities
Assets$376.23 million
Loans$157.30 million
Deposits$327.02 million
Equity Capital$33.16 million
Loan Loss Allowance$970,000
Unbacked Noncurrent Loans$473,000
Real Estate Owned$320,000
Historic Data - March 2013
Assets$374.73 million
Equity Capital$33.60 million
Loan Loss Allowance$867,000
Unbacked Noncurrent Loans$473,000
Real Estate Owned$440,000
Profit Margin - Quarterly
Return on Assets0.11%
Return on Equity1.19%
Interest Income$2.36 million
Rates

Always verify rates and promotions with the bank or credit union. We are not ProFed Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

ProFed Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Traditional IRA Variable Share
0.15%--Roth IRA Variable Share
0.05%$40-Regular Share Account
0.05%--Christmas Club
0.05%--Name Your Own Club
0.05%--Health Savings Account Checking
0.05%$40-Regular Share Account 2
0.05%$40-Regular Share Account 3

ProFed Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market Plus

ProFed Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Checking Plus

ProFed Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month Golden Eagle Share Certificate
0.95%$500-60 Month ProVantage Share Certificate
0.90%$500-60 Month Share Certificate
0.75%$500-48 Month Golden Eagle Share Certificate
0.70%$500-48 Month ProVantage Share Certificate
0.65%$500-48 Month Share Certificate
0.55%$500-36 Month Golden Eagle Share Certificate
0.50%$500-36 Month ProVantage Share Certificate
0.45%$500-36 Month Share Certificate
0.35%$500-24 Month Golden Eagle Share Certificate
0.35%$500-30 Month Golden Eagle Share Certificate
0.35%$100-24 Month Golden Eagle EZ Saver Share Certificate
0.30%$500-24 Month ProVantage Share Certificate
0.30%$500-30 Month ProVantage Share Certificate
0.30%$100-24 Month ProVantage EZ Saver Share Certificate
0.25%$500-24 Month Share Certificate
0.25%$500-30 Month Share Certificate
0.25%$500-18 Month Golden Eagle Share Certificate
0.25%$100-24 Month EZ Saver Share Certificate
0.20%$500-12 Month Golden Eagle Share Certificate
0.20%$500-18 Month ProVantage Share Certificate
0.15%$500-18 Month Share Certificate
0.15%$500-3 Month Golden Eagle Share Certificate
0.15%$500-6 Month Golden Eagle Share Certificate
0.15%$500-9 Month Golden Eagle Share Certificate
0.15%$500-12 Month ProVantage Share Certificate
0.10%$500-12 Month Share Certificate
0.10%$500-3 Month ProVantage Share Certificate
0.10%$500-6 Month ProVantage Share Certificate
0.10%$500-9 Month ProVantage Share Certificate
0.05%$500-3 Month Share Certificate
0.05%$500-6 Month Share Certificate
0.05%$500-9 Month Share Certificate

ProFed Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.95%$1k-60 Month Regular IRA Certificate
0.95%$1k-60 Month Fixed Roth IRA Certificate
0.50%$1k-36 Month Regular IRA Certificate
0.50%$1k-60 Month Variable IRA Certificate
0.50%$1k-36 Month Fixed Roth IRA Certificate
0.30%$25-24 Month EZ Saver IRA Certificate
0.30%$25-24 Month EZ Saver ESA Share Certificate
0.30%$25-24 Month S.T.A.R. EZ Saver Share Certificate Special
0.20%$1k-18 Month Regular IRA Certificate
0.20%$1k-18 Month Fixed Roth IRA Certificate
0.15%$25-12 Month iSaver Share Certificate Special
Locations

ProFed Federal Credit Union has 11 locations. Click to view all ProFed Federal Credit Union locations.