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 46^th largest credit union in the state of Indiana. It is also the 1,958^th 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

Data as of Q2 2019

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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

Overall
NCUA #	24171
Year Chartered	1971
Employees	24
Primary Regulator

Profit Margin
Return on Assets - YTD	0.64%
Return on Equity - YTD	7.83%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$71.5MM$69.7MM
Loans	Q2 2019vs Q2 2018	$47.3MM$45.6MM
Deposits	Q2 2019vs Q2 2018	$65.1MM$64.1MM
Equity Capital	Q2 2019vs Q2 2018	$5.9MM$5.4MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$323.00K$253.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$464.00K$382.00K
Real Estate Owned	Q2 2019vs Q2 2018	$45.00K$54.00K

Rates

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Savings
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%	$10k	-	Savings Account

Independent Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$25k^*	-	Money Market
OTHER TIERS: 0.07% → $2k - $10k \| 0.10% → $10k - $25k

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
1.50%^*	$10k^*	-	3 Year CD
OTHER TIERS: 1.25% → $1k - $10k
1.30%^*	$10k^*	-	5 Year CD
OTHER TIERS: 1.05% → $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 Office	3737 S Scatterfield Rd	Anderson, IN 46013

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