Industrial Federal Credit Union
Headquarters
1115 Sagamore Pkwy S
Lafayette, IN 47905
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2024 Overview
General Credit Union Information
Industrial is an NCUA insured institution located in Lafayette, IN. It was founded in 1983 and has approximately $314.87 millions in assets.
Who can join?
Employees, volunteers, trustees, board members, immediate family members of employees, and retirees of any of Industrial's Premium Partners are eligible for IFCU membership.
Anyone who does not qualify for membership through our Premium Partner groups can join by making a $5 donation to: Animal Welfare League of Montgomery County, Covington Community Foundation, Clinton County Boys and Girls Club, Carroll County Wabash and Erie Canal, Almost Home Humane Society or the Warren County Historical Society.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24026 |
| Date Established | 1983 |
| Assets | $314.87 million |
| Loans | $220.44 million |
| Deposits | $285.37 million |
| Capital | $26.27 million |
Field of Membership Restrictions
Membership is open to anyone through a donation to Clinton County Humane Society. Membership is also open to employees of Atco Rubber Products, General Cable, Overpeck Gas Company and over 100 area Select Employer Groups.
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.45% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.31% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.31% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Industrial
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.879% | 6.750% | 1.00 | $4,432 | $2,076 | Learn More |
NMLS ID: 401822 |
7.034% | 6.875% | 1.00 | $5,195 | $2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
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More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Industrial
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Branches
Below are Industrial branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Industrial Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 188.92 | A | View Lobby Hours | |
| 198.62 | B | View Lobby Hours | |
| 204.41 | C | View Lobby Hours | |
| 206.77 | D | View Lobby Hours | |
| 207.32 | E | View Lobby Hours | |
| 207.47 | F | View Lobby Hours | |
| 208.15 | G | View Lobby Hours | |
| 211.08 | H | View Lobby Hours | |
| 233.38 | I | View Lobby Hours |
Climate Policy and Initiatives
INDUSTRIAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Industrial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Industrial. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Industrial | U.S. Average |
|---|---|
| 10.87% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Industrial had $2,810,644 in non-current loans and $122,654 in owned assets. To cover these potential losses it had $26,265,284 in net worth and $732,128 in loans loss reserves. That gives it a Texas Ratio of 10.87%.
Net Worth
| Industrial | U.S. Average |
|---|---|
| 8.34% | 13.93% |
Industrial FCU has a net worth of 8.34% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Industrial
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