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 42^nd largest credit union in the state of Indiana. It is also the 1,723^rd largest credit union in the nation. It was established in 1947 and as of March of 2019, it had grown to 37 employees and 10,533 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.
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Health

Data as of Q1 2019

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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 Chartered	1947
Employees	37
Primary Regulator

Profit Margin
Return on Assets - YTD	0.66%
Return on Equity - YTD	4.33%
Annual Interest Income	$762.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$90.3MM$90.2MM
Loans	Q1 2019vs Q1 2018	$45.6MM$40.5MM
Deposits	Q1 2019vs Q1 2018	$75.6MM$76.2MM
Equity Capital	Q1 2019vs Q1 2018	$13.4MM$12.8MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$704.00K$518.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$337.00K$298.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$93.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$80k^*	-	Business Draft Account
OTHER TIERS: 0.15% → $2.5k - $30k \| 0.20% → $30k - $80k

Chiphone Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.48%^*	$10k^*	-	72 Month Share Certificate
OTHER TIERS: 2.02% → $500 - $10k
1.92%	$500	-	60 Month Share Certificate
1.61%	$500	-	48 Month Share Certificate
1.21%	$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	-	3 Month Share Certificate

Chiphone Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.48%^*	$10k^*	-	72 Month IRA Share Certificate
OTHER TIERS: 2.02% → $500 - $10k
1.92%	$500	-	60 Month IRA Share Certificate
1.61%	$500	-	48 Month IRA Share Certificate
1.21%	$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 Office	17 W 73RD AVE	MERRILLVILLE, IN 46410
Branch Office	403 CRYSTAL VALLEY DR	MIDDLEBURY, IN 46540-9588
Branch Office	250 N Miriam St	NAPPANEE, IN 46550-2216
Branch Office	1655 W BEARDSLEY AVE	ELKHART, IN 46514-1825
Branch Office	710 N WILDWOOD AVE	ELKHART, IN 46514-1876
Branch Office	619 County Road 6 E	ELKHART, IN 46514-5570
Branch Office	661 County Road 17	ELKHART, IN 46516-9568

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