Profed Federal Credit Union
Headquarters
Po Box 5466
Fort Wayne, IN 46895
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2024 Overview
General Credit Union Information
Profed is an NCUA insured institution located in Fort Wayne, IN. It was founded in 1933 and has approximately $704.65 millions in assets.
Who can join?
If you are:
• An employee of any ProFed sponsor group
• An immediate family member of any existing or eligible members
• Living, working, attending school, worshipping, or volunteering in certain areas of Allen County
• 50 years of age or older and eligible to join the ProFed Eagles
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 17012 |
| Date Established | 1933 |
| Assets | $704.65 million |
| Loans | $487.03 million |
| Deposits | $615.30 million |
| Capital | $81.08 million |
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.
Deposit Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $5 | - |
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|
|
Money Market
|
0.05% | $2,500 | $9,999 |
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|
|
Money Market
|
0.10% | $10,000 | $24,999 |
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|
|
Money Market
|
0.15% | $25,000 | $99,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.20% | $500 | - |
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|
| 12 Mo CD
|
0.30% | $500 | - |
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|
| 18 Mo CD
|
0.40% | $500 | - |
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|
| 24 Mo CD
|
0.50% | $500 | - |
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|
| 30 Mo CD
|
0.60% | $500 | - |
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|
| 36 Mo CD
|
0.60% | $500 | - |
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|
| 48 Mo CD
|
0.80% | $500 | - |
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|
| 60 Mo CD
|
0.90% | $500 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1,000 | - | Learn More |
Loan Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Profed
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: 2578474 |
6.584% | 6.500% | 0.50 | $2,810 | $2,023 | Learn More |
NMLS ID: 1025894 |
6.866% | 6.750% | 1.00 | $3,801 | $2,076 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
NMLS ID: Not a Lender |
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 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Profed
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Profed 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
Profed Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 118.77 | A | View Lobby Hours | |
| 127.45 | B | View Lobby Hours | |
| 131.64 | C | View Lobby Hours | |
| 134.54 | D | View Lobby Hours | |
| 135.40 | E | View Lobby Hours | |
| 137.46 | F | View Lobby Hours | |
| 140.43 | G | View Lobby Hours | |
| 142.22 | H | View Lobby Hours | |
| 146.73 | I | View Lobby Hours | |
| 156.31 | J | View Lobby Hours | |
| 158.13 | K | View Lobby Hours | |
| 158.36 | L | View Lobby Hours |
Climate Policy and Initiatives
PROFED 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
Profed Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Profed. 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
| Profed | U.S. Average |
|---|---|
| 0.93% | 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, Profed had $734,442 in non-current loans and $38,287 in owned assets. To cover these potential losses it had $81,083,908 in net worth and $1,839,833 in loans loss reserves. That gives it a Texas Ratio of 0.93%.
Net Worth
| Profed | U.S. Average |
|---|---|
| 11.63% | 13.93% |
Profed FCU has a net worth of 11.63% 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 Profed
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