Featured Savings Rates
Featured Accounts

Independence Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.30%1-year CD12 Month Share Certificate
0.05%SavingsRegular Shares Account
0.50%2-year CD24 Month Share Certificate

Overview / Commentary
816-833-0781
301 W Lexington Ave Ste 210
Independence, MO 64050

Independence Federal Credit Union is headquartered in INDEPENDENCE and is the 102nd largest credit union in the state of Missouri. It is also the 5,246th largest credit union in the nation. It was established in 1963 and as of September of 2016, it had grown to 2 employees and 549 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 - YTD1.21%
Return on Equity - YTD13.66%
Annual Interest Income$104.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$2.9MM$2.6MM
LoansQ3 2016vs Q3 2015$2.0MM$1.9MM
DepositsQ3 2016vs Q3 2015$2.7MM$2.4MM
Equity CapitalQ3 2016vs Q3 2015$244.00K$206.00K
Loan Loss AllowanceQ3 2016vs Q3 2015$10.00K$7.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$31.00K$64.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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Independence Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office301 W LEXINGTON AVE STE 210INDEPENDENCE, MO 64050-3724