Indiana Lakes Federal Credit Union
Overview / Commentary
Indiana Lakes Federal Credit Union is headquartered in Warsaw and is the 92nd largest credit union in the state of Indiana. It is also the 3,358th largest credit union in the nation. It was established in 1977 and as of June of 2018, it had grown to 6 employees and 2,227 members at 1 location. Indiana Lakes Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Kosciusko County, Indiana.
See current membership details
Health
B
Data as of Q2 2018
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 | 0.32% |
| Return on Equity - YTD | 2.51% |
| Annual Interest Income | $280.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $20.5MM$19.4MM |
| Loans | Q2 2018vs Q2 2017 | $10.7MM$10.0MM |
| Deposits | Q2 2018vs Q2 2017 | $17.8MM$16.8MM |
| Equity Capital | Q2 2018vs Q2 2017 | $2.6MM$2.6MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $45.00K$46.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $181.00K$107.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Rates
Rates for Indiana Lakes Federal Credit Union are currently being reviewed.
Locations
| Indiana Lakes Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 322 S Detroit St | Warsaw, IN 46580-4401 |