2. Chiphone Federal Credit Union

Chiphone Federal Credit Union


Overview / Commentary
www.chiphone.org
574-294-3606
710 N WILDWOOD AVE
ELKHART, IN 46514-1876

Chiphone Federal Credit Union is headquartered in ELKHART and is the 42nd largest credit union in the state of Indiana. It is also the 1,752nd largest credit union in the nation. It was established in 1947 and as of June of 2019, it had grown to 36 employees and 10,527 members at 7 locations. Chiphone Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open only to members and employees of the select employment group.
See current membership details

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Health
B+

Data as of Q2 2019

Learn why bank health matters
Additional 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 Chartered1947
Employees36
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD4.94%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$87.9MM$90.0MM
LoansQ2 2019vs Q2 2018$46.3MM$42.2MM
DepositsQ2 2019vs Q2 2018$73.1MM$75.7MM
Equity CapitalQ2 2019vs Q2 2018$13.6MM$13.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$739.00K$525.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$457.00K$181.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$93.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chiphone Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Share Account
0.10%--IRA Club Account
0.10%--Special Club
0.10%--Christmas Club
0.10%--Vacation Club

Chiphone Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$80k*-Money Market Draft Account
OTHER TIERS: 0.15% → $2.5k - $30k | 0.20% → $30k - $80k

Chiphone Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$80k*-Business Draft Account
OTHER TIERS: 0.15% → $2.5k - $30k | 0.20% → $30k - $80k

Chiphone Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.92%$500-72 Month Share Certificate
1.77%$500-60 Month Share Certificate
1.51%$500-48 Month Share Certificate
1.31%$500-36 Month Share Certificate
0.70%$500-24 Month Share Certificate
0.50%$500-18 Month Share Certificate
0.40%$500-12 Month Share Certificate
0.30%$500-6 Month Share Certificate
0.20%$500-91 Day Share Certificate

Chiphone Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.92%$500-72 Month IRA Share Certificate
1.77%$500-60 Month IRA Share Certificate
1.51%$500-48 Month IRA Share Certificate
1.31%$500-36 Month IRA Share Certificate
0.70%$500-24 Month IRA Share Certificate
0.50%$500-18 Month IRA Share Certificate
0.40%$500-12 Month IRA Share Certificate
0.30%$500-6 Month IRA Share Certificate
0.20%$500-3 Month IRA Share Certificate
Locations


Chiphone Federal Credit Union Locations
Branch Office17 W 73RD AVEMERRILLVILLE, IN 46410
Branch Office403 CRYSTAL VALLEY DRMIDDLEBURY, IN 46540-9588
Branch Office250 N Miriam StNAPPANEE, IN 46550-2216
Branch Office1655 W BEARDSLEY AVEELKHART, IN 46514-1825
Branch Office710 N WILDWOOD AVEELKHART, IN 46514-1876
Branch Office619 County Road 6 EELKHART, IN 46514-5570
Branch Office661 County Road 17ELKHART, IN 46516-9568

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