Business And Industrial Federal Credit Union
LOCATIONS
2
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HEALTH RATING
B+
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CURRENT TOP RATE
0.80% APY
60 Month Share Certificate
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Overview / Commentary
Business And Industrial Federal Credit Union is headquartered in Columbus and is the 68th largest credit union in the state of Indiana. It is also the 2,605th largest credit union in the nation. It was established in 1960 and as of March of 2020, it had grown to 9 employees and 5,315 members at 2 locations. Business And Industrial Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in, and businesses and other legal entities located in Jennings, Bartholomew, and Jefferson counties in the state of Indiana.
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Health
B+
Data as of Q1 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Business And Industrial Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13940 |
| Year Chartered | 1960 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.71% |
| Return on Equity - YTD | 4.97% |
| Annual Interest Income | $250.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $39.2MM$39.7MM |
| Loans | Q1 2020vs Q1 2019 | $12.9MM$11.4MM |
| Deposits | Q1 2020vs Q1 2019 | $33.6MM$34.4MM |
| Equity Capital | Q1 2020vs Q1 2019 | $5.5MM$5.3MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $12.00K$17.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $24.00K$5.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |