Overview / Commentary
Indiana Lakes Federal Credit Union is headquartered in Warsaw and is the 90th largest credit union in the state of Indiana. It is also the 3,210th largest credit union in the nation. It was established in 1977 and as of June of 2020, it had grown to 6 employees and 2,052 members at 1 location. Indiana Lakes Federal Credit Union's money market rates are 59% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q2 2020
Learn why bank health mattersAdditional 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. Indiana Lakes Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 22704 |
| Year Chartered | 1977 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.15% |
| Return on Equity - YTD | 1.29% |
| Annual Interest Income | $327.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $24.2MM$21.8MM |
| Loans | Q2 2020vs Q2 2019 | $13.0MM$12.9MM |
| Deposits | Q2 2020vs Q2 2019 | $21.3MM$19.0MM |
| Equity Capital | Q2 2020vs Q2 2019 | $2.8MM$2.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $28.00K$26.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $79.00K$134.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |