Independent Federal Credit Union

Overview / Commentary
3737 S Scatterfield Rd
Anderson, IN 46013

Independent Federal Credit Union is headquartered in Anderson and is the 46th largest credit union in the state of Indiana. It is also the 1,988th largest credit union in the nation. It was established in 1971 and as of December of 2018, it had grown to 23 employees and 7,090 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.
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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 - YTD0.44%
Return on Equity - YTD5.35%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$68.8MM$68.0MM
LoansQ4 2018vs Q4 2017$46.9MM$43.7MM
DepositsQ4 2018vs Q4 2017$62.7MM$62.4MM
Equity CapitalQ4 2018vs Q4 2017$5.6MM$5.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$304.00K$277.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$594.00K$676.00K
Real Estate OwnedQ4 2018vs Q4 2017$45.00K$9.00K
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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

0.05%$2k-Savings Account

Independent Federal Credit Union Money Market Rates

0.15%*$25k*-Money Market
OTHER TIERS: 0.07% $2k - $10k | 0.10% $10k - $25k

Independent Federal Credit Union Checking Account Rates

0.05%--Rewards Checking

Independent Federal Credit Union CD Rates

1.25%*$10k*-5 Year CD
OTHER TIERS: 1.00% $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*-6 Month CD
OTHER TIERS: 0.20% $1k - $10k
0.35%*$10k*-1 Year CD
OTHER TIERS: 0.20% $1k - $10k

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

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