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Independent Federal Credit Union

Popular Accounts at this Credit Union

0.95%5-year CD5 Year CD
0.20%1-year CD1 Year CD
0.75%4-year CD4 Year CD

Overview / Commentary
3737 S Scatterfield Rd
Anderson, IN 46013

Independent Federal Credit Union is headquartered in Anderson and is the 50th largest credit union in the state of Indiana. It is also the 1,995th largest credit union in the nation. It was established in 1971 and as of June of 2017, it had grown to 22 employees and 7,156 members at 1 location. Independent Federal Credit Union has a B health rating.

Field of Membership Restrictions

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


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

Health Grade Components

NCUA #24171
Year Chartered1971
Primary Regulator
Profit Margin
Return on Assets - YTD-0.32%
Return on Equity - YTD-4.33%
Annual Interest Income$904.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$69.3MM$67.8MM
LoansQ2 2017vs Q2 2016$40.9MM$37.6MM
DepositsQ2 2017vs Q2 2016$63.6MM$62.1MM
Equity CapitalQ2 2017vs Q2 2016$5.3MM$5.3MM
Loan Loss AllowanceQ2 2017vs Q2 2016$250.00K$204.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$451.00K$254.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
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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 Money Market Rates

0.15%*$50k*-Money Market
OTHER TIERS: 0.07% $2k - $10k | 0.10% $10k - $50k

Independent Federal Credit Union Checking Account Rates

0.05%--Rewards Checking

Independent Federal Credit Union CD Rates

0.95%*$10k*-5 Year CD
OTHER TIERS: 0.70% $1k - $10k
0.75%*$10k*-4 Year CD
OTHER TIERS: 0.50% $1k - $10k
0.50%*$10k*-3 Year CD
OTHER TIERS: 0.25% $1k - $10k
0.30%*$10k*-2 Year CD
OTHER TIERS: 0.15% $1k - $10k
0.20%*$10k*-1 Year CD
OTHER TIERS: 0.10% $1k - $10k
0.10%*$10k*-6 Month CD
OTHER TIERS: 0.05% $1k - $10k

Independent Federal Credit Union IRA Rates

0.70%*$1k*$10k5 Year IRA
OTHER TIERS: 0.00% $10k+
0.50%*$10k*-3 Year IRA
OTHER TIERS: 0.25% $1k - $10k
0.50%*$1k*$10k4 Year IRA
OTHER TIERS: 0.00% $10k+
0.30%*$10k*-2 Year IRA
OTHER TIERS: 0.15% $1k - $10k
0.20%*$10k*-1 Year IRA
OTHER TIERS: 0.10% $1k - $10k
0.10%*$10k*-6 Month IRA
OTHER TIERS: 0.05% $1k - $10k

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