Independent Federal Credit Union


Overview / Commentary
765-649-9271
3737 S Scatterfield Rd
Anderson, IN 46013

Independent Federal Credit Union is headquartered in Anderson and is the 46th largest credit union in the state of Indiana. It is also the 1,958th largest credit union in the nation. It was established in 1971 and as of June of 2019, it had grown to 24 employees and 7,119 members at 1 location. Independent Federal Credit Union has a B health rating.

Field of Membership Restrictions

Independent Federal Credit Union is open to those who work, live, volunteer, worship, or attend school in Madison County, Indiana.
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Health
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 Chartered1971
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD7.83%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$71.5MM$69.7MM
LoansQ2 2019vs Q2 2018$47.3MM$45.6MM
DepositsQ2 2019vs Q2 2018$65.1MM$64.1MM
Equity CapitalQ2 2019vs Q2 2018$5.9MM$5.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$323.00K$253.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$464.00K$382.00K
Real Estate OwnedQ2 2019vs Q2 2018$45.00K$54.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Independent Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10k-Savings Account

Independent Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-Money Market
OTHER TIERS: 0.07% $2k - $10k | 0.10% $10k - $25k

Independent Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Rewards Checking

Independent Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$10k*-3 Year CD
OTHER TIERS: 1.25% $1k - $10k
1.15%*$10k*-5 Year CD
OTHER TIERS: 0.90% $1k - $10k
0.95%*$10k*-4 Year CD
OTHER TIERS: 0.70% $1k - $10k
0.80%*$10k*-2 Year CD
OTHER TIERS: 0.55% $1k - $10k
0.75%*$10k*-1 Year CD
OTHER TIERS: 0.50% $1k - $10k
0.40%*$10k*-6 Month CD
OTHER TIERS: 0.25% $1k - $10k
Locations


Independent Federal Credit Union Locations
Main Office3737 S Scatterfield RdAnderson, IN 46013

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