Solidarity Community Federal Credit Union
Overview / Commentary
Solidarity Community Federal Credit Union is headquartered in Kokomo and is the 25th largest credit union in the state of Indiana. It is also the 965th largest credit union in the nation. It was established in 1954 and as of December of 2022, it had grown to 58 employees and 25,290 members at 2 locations. Solidarity Community Federal Credit Union has a B health rating.
Field of Membership Restrictions
Solidarity is open to anyone who lives, works, worships, attends school, or volunteers in Howard or Tipton Counties, in select areas of the Indiana cities of Peru and Logansport, or in Grissom AFB and Metroplex.
See current membership details
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Health
B
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9923 |
| Year Chartered | 1954 |
| Employees | 58 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.4% |
| Return on Equity - YTD | 21.89% |
| Annual Interest Income | $9.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $318.9MM$314.1MM |
| Loans | Q4 2022vs Q4 2021 | $181.4MM$151.7MM |
| Deposits | Q4 2022vs Q4 2021 | $272.1MM$273.0MM |
| Equity Capital | Q4 2022vs Q4 2021 | $20.0MM$27.9MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $925.00K$1.4MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $1.1MM$448.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |