Chiphone Federal Credit Union


Overview / Commentary
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 1,755th 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

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Health
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
Employees39
Primary Regulator
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD6.17%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$87.7MM$86.3MM
LoansQ4 2019vs Q4 2018$47.7MM$45.2MM
DepositsQ4 2019vs Q4 2018$72.4MM$72.3MM
Equity CapitalQ4 2019vs Q4 2018$14.1MM$13.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$721.00K$663.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$302.00K$395.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for Chiphone Federal Credit Union are currently being reviewed.

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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