Overview / Commentary
Finans Federal Credit Union is headquartered in Hammond and is the 117th largest credit union in the state of Indiana. It is also the 4,075th largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 4 employees and 1,793 members at 1 location. Finans Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership is open to employees of Indiana Harbor Belt Railroad, Norfolk Southern Railroad, Amtrak, GATX, CSX, Kaizen Corporation, Cargill, Comcast, Horsehead, Town of Munster, or Town of Griffith.
See current membership details
Health
C+
Data as of Q4 2019
Learn why bank health mattersAdditional 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. Finans Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1457 |
| Year Chartered | 1936 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 2.42% |
| Annual Interest Income | $330.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $9.1MM$9.1MM |
| Loans | Q4 2019vs Q4 2018 | $3.0MM$3.5MM |
| Deposits | Q4 2019vs Q4 2018 | $8.1MM$8.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $991.00K$966.00K |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $38.00K$107.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $110.00K$230.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |