Overview / Commentary
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 1,986th largest credit union in the nation. It was established in 1971 and as of June of 2018, it had grown to 22 employees and 7,196 members at 1 location. Independent Federal Credit Union has a B health rating.

Field of Membership Restrictions

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

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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
Employees22
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.75%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$69.7MM$69.3MM
LoansQ2 2018vs Q2 2017$45.6MM$40.9MM
DepositsQ2 2018vs Q2 2017$64.1MM$63.6MM
Equity CapitalQ2 2018vs Q2 2017$5.4MM$5.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$253.00K$250.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$382.00K$451.00K
Real Estate OwnedQ2 2018vs Q2 2017$54.00K$0
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%$2k-Savings Account

Independent Federal Credit Union Money Market Rates

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

Independent Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Rewards Checking

Independent Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-5 Year CD
OTHER TIERS: 0.75% $1k - $10k
0.85%*$10k*-4 Year CD
OTHER TIERS: 0.60% $1k - $10k
0.65%*$10k*-3 Year CD
OTHER TIERS: 0.40% $1k - $10k
0.50%*$10k*-2 Year CD
OTHER TIERS: 0.25% $1k - $10k
0.35%*$10k*-1 Year CD
OTHER TIERS: 0.20% $1k - $10k
0.25%*$10k*-6 Month CD
OTHER TIERS: 0.15% $1k - $10k
Locations


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

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