INDEPENDENT

Headquarters

3737 S SCATTERFIELD RD
Anderson, IN 46013
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.60% →
1-Year CD 0.75% 1.55% →
2-Year CD 0.80% 1.45% →
5-Year CD 1.16% 1.66% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Independent is an NCUA insured institution located in Anderson, IN. It was founded in 1971 and has approximately $70.21 millions in assets.

NCUA Insured Yes
Charter Number # # 24171
Date Established 1971
Assets $70.21 million
Loans $46.97 million
Deposits $63.85 million
Capital $6.01 million
 

Field of Membership Restrictions

Membership is open to: Persons, who live, work, worship, volunteer or attend school in, and businesses and other legal entities located in Madison County, Indiana. Current members of the Independent Federal Credit Union. Spouses of persons who died while within the field of membership of IFCU; employees of IFCU; volunteers in the community; members of the immediate family or household; and organizations of such persons.

Deposit Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $5 $9,999 Learn More
Money Market
0.07% $2,000 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 - Learn More
12 Mo CD
0.75% $10,000 - Learn More
24 Mo CD
0.80% $10,000 - Learn More
36 Mo CD
0.85% $10,000 - Learn More
48 Mo CD
0.95% $10,000 - Learn More
60 Mo CD
1.16% $10,000 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
0.50% $1,000 $9,999 Learn MoreShow Less

Loan Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for INDEPENDENT

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to INDEPENDENT
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Independent 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:
Ashburn,Virginia


Independent Locations


Financial Details

Independent Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Independent. 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
Independent U.S. Average
9.13% 5.92

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 September 30, 2019, Independent had $571,833 in non-current loans and $6,700 in owned assets. To cover these potential losses it had $6,014,030 in net worth and $320,076 in loans loss reserves. That gives it a Texas Ratio of 9.13%.

Net Worth
Independent U.S. Average
8.56% 13.86%

Independent FCU has a net worth of 8.56% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Independent

Branches and Savings

What is Independent?

A federal credit union, registered with the NCUA under certificate #24171.
Learn more about credit unions here.

Is Independent FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Independent?

Please see Field of Membership information above for information on who is eligible to join.

What are Independent's share account and share certificate rates?

Independent's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Independent?

Independent has total capital of $6.01 million. Full information on Independent's financial position is located above.

Who owns Independent?

Credit Unions are owned by their members.

Where are Independent branches located?

See branch locations nearby.

Are Independent ATMs Open 24/7?

Do Independent ATMs accept cash deposits?

Can Independent customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Independent have a mobile app?

Does Independent have mobile deposit?

Does Independent have quick pay?

How can Independent transfer money to other banks or credit unions?

Does Independent report to credit bureaus?

Does Independent use Chexsystems?

Does Independent use Equifax?

What is Independent's toll free phone number?

What is Independent's ACH Routing Number?

What is Independent's SWIFT code?

Where can I find Independent's wire transfer form?

What is the Independent address for deposits?

What Products Does Independent Offer

Does Independent offer mortgages?

Compare mortgage rates here.

Does Independent offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Independent offer auto and RV loans?

Compare auto loan rates here.

Does Independent offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Independent

There are currently no comments for Independent. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →