ProFed Federal Credit Union is headquartered in Fort Wayne and is the 18th largest credit union in the state of Indiana. It is also the 608th largest credit union in the nation. It was established in 1933 and as of June of 2020, it had grown to 165 employees and 53,134 members at 11 locations. ProFed Federal Credit Union has an A health rating.
Field of Membership Restrictions
Must be an employee of any ProFed sponsor group. Also open to those who live, work, attend school or worship in a certain area of Allen County.
See current membership details
Great Credit Union
I have been with a Profed Credit Union for about 10 years now, and every visit I have is top of the line. The staff is extremely friendly, and I have well established relationships with all of them. The manager has been very helpful in setting up a college savings fund for myself, and also answering any questions I have about how to best manage my accounts. Although their app isn't state of the art, it serves its function and hasn't had any major issues.
ProFed WAS a credit union of mine...
I was a customer of Pro Fed Credit Union at one time due to my husband was using them when we got married. In the short time that I used them I was not impressed. The online banking app left something to be desired, the only thing I did like was the bill pay option. The customer service was lacking and left something to be desired. Overall I was not happy with using the credit union and once we got rid of my husband's other mortgage we stopped using them right away.
Horrible With Mortgages
Slow, poor communication, conflicting information, incompetent.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17012 |
| Year Chartered | 1933 |
| Employees | 165 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 9.62% |
| Annual Interest Income | $7.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $532.4MM$458.7MM |
| Loans | Q2 2020vs Q2 2019 | $319.2MM$258.8MM |
| Deposits | Q2 2020vs Q2 2019 | $471.9MM$402.7MM |
| Equity Capital | Q2 2020vs Q2 2019 | $52.7MM$47.1MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.1MM$955.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $780.00K$354.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |
