Financial Center First Credit Union

Overview / Commentary
7101 E 56th St
Indianapolis, IN 46226-0501

Financial Center First Credit Union is headquartered in Indianapolis and is the 16th largest credit union in the state of Indiana. It is also the 507th largest credit union in the nation. It was established in 1953 and as of December of 2023, it had grown to 185 employees and 68,375 members at 9 locations. Financial Center First Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Financial Center First Credit Union is open to those who live or work in the Indiana counties of Boone, Brown, Delaware, Hamilton, Hancock, Hendricks, Henry, Howard, Johnson, Madison, Marion, Morgan, Putnam, Shelby, or Tipton.
See current membership details

Creating A Joint Account

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Stopped by the Kokomo location where Tammy opened a new joint account for me and my fiance. She was knowledgeable and got us into a high interest checking account that basically has no special requirements to earn the rate. We plan to use the interest earned as our honeymoon/travel money. Thank you Tammy for exploring all our options and getting us into the account that was right for us.

Banking With Benefits!

I'd been doing my banking at big bank and getting hit with even bigger penalties for failing to meet all their monthly requirements every month - not cool. So, I decided to bring my accounts to Financial Center where I'm getting a great rate at 3% on my checking account AND I don't have to count transactions! Opening my account was quick and easy. Plus, I learned they offer FREE resources to anyone regardless of membership - they even have resources to teach my kids about money management!

A Wow Rate And No Requirements For Checking!

So happy I chose a credit union for my checking account. Opened Financial Center's high interest checking - great rate at 3% with no hoops to jump through to earn. Debit card was issued right away, so I am all ready to go!

Just Opened The Account

So far its ok, The debit cards are extreamly ugly and look like something that went out of date in the 50's. The online account is not working, however they have been very helpful and fast at responding to me and it should be fixed soon. I get a 1.25% intrest on my checking account, my old bank would not even do that for a 6 year CD. So for the intreset I will let that slide. 

As for the credit pull, There is no "soft" credit pull, if any company pulls your credit it is a hard hit. You can't blam a company for your ignorance on the subject of how credit works.



Health Grade Components

NCUA #68658
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD8.95%
Annual Interest Income$39.3MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$841.9MM$839.9MM
LoansQ4 2023vs Q4 2022$685.6MM$681.6MM
DepositsQ4 2023vs Q4 2022$728.2MM$728.4MM
Equity CapitalQ4 2023vs Q4 2022$88.6MM$84.6MM
Loan Loss AllowanceQ4 2023vs Q4 2022$13MM$6.5MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$6.3MM$6.2MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0

Rates for Financial Center First Credit Union are currently being reviewed.


Financial Center First Credit Union Locations
Branch Office1301 E Stop 11 RdIndianapolis, IN 46227
Branch Office20 N Emerson AveGreenwood, IN 46143-8895
Branch Office11715 Fox Rd Ste 100Indianapolis, IN 46236
Branch Office7101 E 56th StIndianapolis, IN 46226
Branch Office8245 Allisonville RdIndianapolis, IN 46250
Branch Office1935 S DIXON RDKOKOMO, IN 46902
Branch Office5455 W 86th StIndianapolis, IN 46268
Branch Office2900 N Oakwood AveMuncie, IN 47304-2273
Branch Office2001 W University AveMuncie, IN 47306

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