Independence Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.30%	1-year CD	12 Month Share Certificate 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	Regular Shares Account 1.15% - CIT Bank Spring Savings
0.50%	2-year CD	24 Month Share Certificate 1.65% - Synchrony Bank 24 Month CD

View all Independence Federal Credit Union rates »

Overview / Commentary

www.independencefcu.com

816-833-0781

301 W Lexington Ave Ste 210
Independence, MO 64050

Independence Federal Credit Union is headquartered in INDEPENDENCE and is the 101^st largest credit union in the state of Missouri. It is also the 5,154^th largest credit union in the nation. It was established in 1963 and as of March of 2017, it had grown to 2 employees and 529 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-

Data as of Q1 2017

Learn why bank health matters

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 Chartered	1963
Employees	2
Primary Regulator

Profit Margin
Return on Assets - YTD	0.94%
Return on Equity - YTD	10.94%
Annual Interest Income	$36.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$3.0MM$2.7MM
Loans	Q1 2017vs Q1 2016	$2.0MM$1.9MM
Deposits	Q1 2017vs Q1 2016	$2.8MM$2.4MM
Equity Capital	Q1 2017vs Q1 2016	$256.00K$220.00K
Loan Loss Allowance	Q1 2017vs Q1 2016	$10.00K$10.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$102.00K$45.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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IRA

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Independence Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	-	-	IRA Shares Account
0.15%	-	-	Roth IRA Shares Account
0.15%	-	-	Educational IRA Shares Account
0.05%	-	-	Regular Shares Account
0.05%	-	-	Christmas Club Account

Independence Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$10k	-	24 Month Share Certificate
0.40%	$10k	-	18 Month Share Certificate
0.30%	-	-	12 Month Share Certificate
0.20%	-	-	6 Month Share Certificate

Independence Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$10k	-	24 Month IRA Certificate
0.40%	$10k	-	18 Month IRA Certificate
0.30%	-	-	12 Month IRA Certificate
0.20%	-	-	6 Month IRA Certificate

Locations

Independence Federal Credit Union Locations
Branch Office	301 W LEXINGTON AVE STE 210	INDEPENDENCE, MO 64050-3724