ProFed Federal Credit Union is headquartered in Fort Wayne and is the 20th largest credit union in the state of Indiana. It is also the 599th largest credit union in the nation. It was established in 1933 and as of June of 2023, it had grown to 173 employees and 61,790 members at 13 locations. ProFed Federal Credit Union's money market rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in ProFed is open to those who live, work, worship, attend school, or regularly conduct business in the Indiana counties of Adams, Allen, DeKalb, Huntington, LaGrange, Noble, Steuben, Wells, or Whitley.
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.
MOBILE DEPOSIT
This application needs work. It is extremely difficult to deposit a check from my phone. It just does not want to take the picture. It takes too long for a check to be credited or a DD.
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 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17012 |
| Year Chartered | 1933 |
| Employees | 173 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 11.19% |
| Annual Interest Income | $12.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $675.4MM$645.6MM |
| Loans | Q2 2023vs Q2 2022 | $470.2MM$429.8MM |
| Deposits | Q2 2023vs Q2 2022 | $601.2MM$581.7MM |
| Equity Capital | Q2 2023vs Q2 2022 | $64.8MM$57.5MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $1.9MM$1.8MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $642.00K$1.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
