Financial Center First Credit Union
Financial Center First Credit Union is headquartered in Indianapolis and is the 17th largest credit union in the state of Indiana. It is also the 491st largest credit union in the nation. It was established in 1953 and as of March of 2025, it had grown to 190 employees and 58,212 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
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!
High Interest Checking Rocks!
Just opened the High Interest Checking account. Quick and easy. My previous bank made me do 15+ transactions per month to get my interest, but this one lets me just use my account however I want and get 3%. Good stuff!
Avoid This CU
Unprofessional and behind the times. Website is awful. Under no circumstances should you ever finance anything here. You will be in the dark about everything except how to make payments.
All the drawbacks of a 'small town' bank with none of the benefits.
Employees are lazy and unresponsive. They'll just try to get you off the phone if you call in for help. Don't expect diligence or follow through, you HAVE to just keep hounding them if you need something done.
Expect to hear a lot of "the individual who handles that is not in today" when you call in for help. Expect to be promised calls back and receive nothing for weeks on end.
Liars And Thieves
I paid my mothers mortgage payment for years as she was unable to care for herself and her affairs. the financial Center knew that I was paying the mortgage. She passed away in March 2021 and the bank continued to accept my payments up until October 2021. They told me they could not accept the payments but did not explain why. Within that same month they sent me forclosure papers and said we were behind in payments which was a bald faced lie. They then sent me a statement showing all the payments we made from the date of her death which was March until October were reversed and put into some type of account. They refuse to comunicate with us. Beware
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68658 |
| Year Chartered | 1953 |
| Employees | 190 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.06% |
| Return on Equity - YTD | 0.56% |
| Annual Interest Income | $11MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $901.4MM$873MM |
| Loans | Q1 2025vs Q1 2024 | $528.6MM$680.1MM |
| Deposits | Q1 2025vs Q1 2024 | $783.4MM$759.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $93.2MM$88.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $8.1MM$13MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $5MM$5.6MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |