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 3,249th largest credit union in the nation. It was established in 1977 and as of December of 2019, it had grown to 6 employees and 2,128 members at 1 location. Indiana Lakes Federal Credit Union's money market rates are 70% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Indiana Lakes Federal Credit Union offers membershio to those who work, attend school, worship or live in Kosciusko County, Indiana.
See current membership details
Health
B+
Data as of Q4 2019
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 | 0.39% |
| Return on Equity - YTD | 3.03% |
| Annual Interest Income | $671.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $21.6MM$19.6MM |
| Loans | Q4 2019vs Q4 2018 | $13.2MM$11.3MM |
| Deposits | Q4 2019vs Q4 2018 | $18.8MM$16.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.8MM$2.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $26.00K$45.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $71.00K$215.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |