Overview / Commentary
Fortress Federal Credit Union is headquartered in Marion and is the 99th largest credit union in the state of Indiana. It is also the 3,526th largest credit union in the nation. It was established in 1951 and as of September of 2019, it had grown to 6 employees and 2,667 members at 1 location. Fortress Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school and worship in Grant County, Indiana.
See current membership details
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Health
B+
Data as of Q3 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. Fortress Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7392 |
| Year Chartered | 1951 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.81% |
| Return on Equity - YTD | 4.56% |
| Annual Interest Income | $604.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $16.5MM$15.3MM |
| Loans | Q3 2019vs Q3 2018 | $11.5MM$11.2MM |
| Deposits | Q3 2019vs Q3 2018 | $13.5MM$12.5MM |
| Equity Capital | Q3 2019vs Q3 2018 | $3.0MM$2.7MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $170.00K$237.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $220.00K$270.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |