Independent Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.70%	5-year CD	5 Year CD 2.35% - Synchrony Bank 60 Month CD
0.20%	1-year CD	1 Year CD 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	Savings 1.20% - Goldman Sachs Bank USA Online Savings

View all Independent Federal Credit Union rates »

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 48^th largest credit union in the state of Indiana. It is also the 1,971^st largest credit union in the nation. It was established in 1971 and as of March of 2017, it had grown to 21 employees and 7,219 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

Reviews

Write a Review

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

Health

B

Data as of Q1 2017

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	21
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.51%
Return on Equity - YTD	-6.65%
Annual Interest Income	$440.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$71.2MM$69.3MM
Loans	Q1 2017vs Q1 2016	$41.4MM$37.3MM
Deposits	Q1 2017vs Q1 2016	$65.4MM$63.5MM
Equity Capital	Q1 2017vs Q1 2016	$5.3MM$5.4MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$171.00K$188.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$284.00K$169.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

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
0.05%	$2k	-	Savings

Independent Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$50k^*	-	Money Market
OTHER TIERS: 0.07% → $2k - $10k \| 0.10% → $10k - $50k

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
0.70%	$1k	-	5 Year CD
0.50%^*	$10k^*	-	3 Year CD
OTHER TIERS: 0.25% → $1k - $10k
0.50%	$1k	-	4 Year CD
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

APY	MIN	MAX	ACCOUNT NAME
0.70%	$1k	-	5 Year IRA
0.50%^*	$10k^*	-	3 Year IRA
OTHER TIERS: 0.25% → $1k - $10k
0.50%	$1k	-	4 Year IRA
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

Locations

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