Independent Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.00%	5-year CD	5 Year CD 3.00% - American Express National Bank 60 Month CD
0.35%	1-year CD	1 Year CD 2.45% - Synchrony Bank 12 Month CD
0.05%	Savings	Savings Account 1.80% - American Express National Bank High Yield Savings Account

View all Independent Federal Credit Union rates »

Overview / Commentary

www.independentfcu.org

765-649-9271

3737 S Scatterfield Rd
Anderson, IN 46013

Independent Federal Credit Union is headquartered in Anderson and is the 47^th largest credit union in the state of Indiana. It is also the 1,986^th largest credit union in the nation. It was established in 1971 and as of June of 2018, it had grown to 22 employees and 7,196 members at 1 location. Independent Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership to Independent Federal Credit Union is open to those who work, live, volunteer, worship, and businesses or attend school in, and other legal entities located in Madison County, Indiana.
See current membership details

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Health

B

Data as of Q2 2018

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. Independent Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	24171
Year Chartered	1971
Employees	22
Primary Regulator

Profit Margin
Return on Assets - YTD	0.29%
Return on Equity - YTD	3.75%
Annual Interest Income	$1.1MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$69.7MM$69.3MM
Loans	Q2 2018vs Q2 2017	$45.6MM$40.9MM
Deposits	Q2 2018vs Q2 2017	$64.1MM$63.6MM
Equity Capital	Q2 2018vs Q2 2017	$5.4MM$5.3MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$253.00K$250.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$382.00K$451.00K
Real Estate Owned	Q2 2018vs Q2 2017	$54.00K$0

Rates

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Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Independent Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$2k	-	Savings Account

Independent Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$50k^*	-	Money Market
OTHER TIERS: 0.07% → $2k - $10k \| 0.10% → $10k - $50k

Independent Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Rewards Checking

Independent Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$10k^*	-	5 Year CD
OTHER TIERS: 0.75% → $1k - $10k
0.85%^*	$10k^*	-	4 Year CD
OTHER TIERS: 0.60% → $1k - $10k
0.65%^*	$10k^*	-	3 Year CD
OTHER TIERS: 0.40% → $1k - $10k
0.50%^*	$10k^*	-	2 Year CD
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*	$10k^*	-	1 Year CD
OTHER TIERS: 0.20% → $1k - $10k
0.25%^*	$10k^*	-	6 Month CD
OTHER TIERS: 0.15% → $1k - $10k

Locations

Independent Federal Credit Union Locations
Main Office	3737 S Scatterfield Rd	Anderson, IN 46013

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