Overview / Commentary
Chiphone Federal Credit Union is headquartered in ELKHART and is the 43rd largest credit union in the state of Indiana. It is also the 1,754th largest credit union in the nation. It was established in 1947 and as of June of 2020, it had grown to 38 employees and 10,280 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 Q2 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. Chiphone Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5422 |
| Year Chartered | 1947 |
| Employees | 38 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 3.19% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $97.9MM$87.9MM |
| Loans | Q2 2020vs Q2 2019 | $48.3MM$46.3MM |
| Deposits | Q2 2020vs Q2 2019 | $82.7MM$73.1MM |
| Equity Capital | Q2 2020vs Q2 2019 | $14.3MM$13.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $798.00K$739.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $255.00K$457.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |