Industrial Federal Credit Union

Overview / Commentary
1115 Sagamore Pkwy S
Lafayette, IN 47905

Industrial Federal Credit Union is headquartered in Lafayette and is the 25th largest credit union in the state of Indiana. It is also the 981st largest credit union in the nation. It was established in 1983 and as of September of 2022, it had grown to 101 employees and 30,108 members at 10 locations. Industrial Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Industrial Federal Credit Union offers membership to employees, volunteers, trustees, board members, retirees and immediate family members of employees of our Select Employers Groups. Additionally, membership is open to those who making a $5.00 donation to Almost Home Humane Society, Animal Welfare League of Montgomery County, Boys and Girls Club of Clinton County, Carroll County Wabash and Erie Canal, CDC Resources, Clinton County Humane Society, Community Action Program of Western Indiana or Warren County Historical Society.
See current membership details


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Health Grade Components

NCUA #24026
Year Chartered1983
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD3.16%
Annual Interest Income$7.7MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$308.4MM$283.7MM
LoansQ3 2022vs Q3 2021$191.2MM$157.4MM
DepositsQ3 2022vs Q3 2021$280.4MM$258.0MM
Equity CapitalQ3 2022vs Q3 2021$23.9MM$23.2MM
Loan Loss AllowanceQ3 2022vs Q3 2021$709.00K$678.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$898.00K$639.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0

Rates for Industrial Federal Credit Union are currently being reviewed.


Cities: Covington, Crawfordsville, Delphi, Frankfort, Lafayette, Monticello, West Lafayette

Covington Branches
Branch Office413 Washington StCovington, IN 47932

Crawfordsville Branches
Branch Office1871 S US Highway 231Crawfordsville, IN 47933

Delphi Branches
Branch Office7249 W 200 NDelphi, IN 46923

Frankfort Branches
Branch Office1855 W State Road 28Frankfort, IN 46041

Lafayette Branches
Branch Office1115 Sagamore Pkwy SLafayette, IN 47905
Branch Office730 Twyckenham BlvdLafayette, IN 47909-7122
Branch Office431 Meijer DrLafayette, IN 47905
Branch Office3900 St Francis Way Ste 105Lafayette, IN 47905

Monticello Branches
Branch Office818 W Fisher StMonticello, IN 47960

West Lafayette Branches
Branch Office1251 Cumberland AveWest Lafayette, IN 47906

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