Overview / Commentary
Chiphone Federal Credit Union is headquartered in ELKHART and is the 42nd largest credit union in the state of Indiana. It is also the 1,755th largest credit union in the nation. It was established in 1947 and as of December of 2019, it had grown to 39 employees and 10,372 members at 7 locations. Chiphone Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open only to members and employees of the select employment group.
See current membership details
Health
A
Data as of Q4 2019
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. Chiphone Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5422 |
| Year Chartered | 1947 |
| Employees | 39 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.99% |
| Return on Equity - YTD | 6.17% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $87.7MM$86.3MM |
| Loans | Q4 2019vs Q4 2018 | $47.7MM$45.2MM |
| Deposits | Q4 2019vs Q4 2018 | $72.4MM$72.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $14.1MM$13.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $721.00K$663.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $302.00K$395.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |