Overview / Commentary
816-833-0781
301 W Lexington Ave Ste 260
Independence, MO 64050

Independence Federal Credit Union is headquartered in INDEPENDENCE and is the 98th largest credit union in the state of Missouri. It is also the 4,986th largest credit union in the nation. It was established in 1963 and as of June of 2018, it had grown to 2 employees and 535 members at 1 location. Independence Federal Credit Union has a C- health rating.

Field of Membership Restrictions

Membership in Independence Federal Credit Union is open to civilian employees and military personnel who work at or are attached to the Lake City Ammunition plant, members of the Veterans of Foreign Wars, members of Sugar Creek Memorial VFW Post #3976, Veterans of Foreign Wars, Fraas-Fain Post 1000, military personnel of the U.S. government stationed at recruiting offices in Independence, Missouri, employees of the Philatelic Center, Fraas-Fain Post 1000, employees of Truman Library.
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Health
C-
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. Independence Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #15509
Year Chartered1963
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-1.12%
Return on Equity - YTD-14.1%
Annual Interest Income$64.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$2.9MM$3.0MM
LoansQ2 2018vs Q2 2017$1.9MM$2.0MM
DepositsQ2 2018vs Q2 2017$2.7MM$2.8MM
Equity CapitalQ2 2018vs Q2 2017$227.00K$244.00K
Loan Loss AllowanceQ2 2018vs Q2 2017$33.00K$18.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$89.00K$109.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Independence Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--IRA Shares
0.05%--Regular Shares
0.05%--Christmas Club

Independence Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$10k-24 Month CD
0.40%$10k-18 Month CD
0.30%$1k-12 Month CD
0.20%$1k-6 Month CD
Locations


Independence Federal Credit Union Locations
Branch Office301 W LEXINGTON AVE STE 260INDEPENDENCE, MO 64050

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