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Independent Federal Credit Union


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 47th largest credit union in the state of Indiana. It is also the 1,992nd largest credit union in the nation. It was established in 1971 and as of December of 2019, it had grown to 23 employees and 6,959 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.
See current membership details

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Health
B

Data as of Q4 2019

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 Chartered1971
Employees23
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD5.82%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$69.3MM$68.8MM
LoansQ4 2019vs Q4 2018$45.1MM$46.9MM
DepositsQ4 2019vs Q4 2018$62.9MM$62.7MM
Equity CapitalQ4 2019vs Q4 2018$6.0MM$5.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$340.00K$304.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$636.00K$594.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$45.00K
Rates
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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

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
0.65%*$10k*-5 Year CD
OTHER TIERS: 0.45% → $1k - $10k
0.55%*$10k*-4 Year CD
OTHER TIERS: 0.35% → $1k - $10k
0.45%*$10k*-3 Year CD
OTHER TIERS: 0.25% → $1k - $10k
0.35%*$10k*-2 Year CD
OTHER TIERS: 0.20% → $1k - $10k
0.25%*$10k*-1 Year CD
OTHER TIERS: 0.15% → $1k - $10k
0.15%*$10k*-6 Month CD
OTHER TIERS: 0.10% → $1k - $10k
Locations


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

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