Independence Federal Credit Union

Overview / Commentary
301 W Lexington Ave Ste 260
Independence, MO 64050

Independence Federal Credit Union is headquartered in INDEPENDENCE and is the 97th largest credit union in the state of Missouri. It is also the 4,928th largest credit union in the nation. It was established in 1963 and as of March of 2019, it had grown to 2 employees and 520 members at 1 location. Independence Federal Credit Union has a D 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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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, and a negative return on assets.

Health Grade Components

NCUA #15509
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD-2.8%
Return on Equity - YTD-36.55%
Annual Interest Income$29.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$2.6MM$2.8MM
LoansQ1 2019vs Q1 2018$1.9MM$1.9MM
DepositsQ1 2019vs Q1 2018$2.4MM$2.6MM
Equity CapitalQ1 2019vs Q1 2018$197.00K$224.00K
Loan Loss AllowanceQ1 2019vs Q1 2018$58.00K$36.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$108.00K$72.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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Independence Federal Credit Union Savings Account Rates

0.15%--IRA Shares
0.05%--Regular Shares
0.05%--Christmas Club

Independence Federal Credit Union CD Rates

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

Independence Federal Credit Union Locations

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