Independent Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

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 49^th largest credit union in the state of Indiana. It is also the 1,933^rd largest credit union in the nation. It was established in 1971 and as of March of 2025, it had grown to 24 employees and 6,192 members at 1 location. Independent Federal Credit Union's CD rates are 4X the national average, and it has a C+ 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

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

C+

Data as of Q1 2025

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	24
Primary Regulator

Profit Margin
Return on Assets - YTD	0.9%
Return on Equity - YTD	8.51%
Annual Interest Income	$1MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$89.8MM$89.4MM
Loans	Q1 2025vs Q1 2024	$59.1MM$61.3MM
Deposits	Q1 2025vs Q1 2024	$80.2MM$80.2MM
Equity Capital	Q1 2025vs Q1 2024	$9.4MM$8.9MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$707K$438K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$2MM$765K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Skip to rates for:

Savings
Money Market
Checking
CD

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.02%	$10k	-	Savings Account

Independent Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$50k^*	-	Money Market
OTHER TIERS: 0.10% → $2k - $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k

Independent Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.02%	$0	-	Rewards Checking

Independent Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.55%	$500	$1k	1 Year CD
3.03%	$500	$1k	2 Year CD
2.78%	$500	$1k	6 Month CD
2.02%	$500	$1k	3 Year CD
1.71%	$500	$1k	4 Year CD
1.66%	$500	$1k	5 Year CD

Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.