2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 17012
Date Established 1933
Assets $458.74 million
Loans $258.81 million
Deposits $402.70 million
Capital $47.40 million

Profed is an NCUA insured institution located in Fort Wayne, IN. It was founded in 1933 and has approximately $458.74 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

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 - October 18, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.05% $2,500 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.10% $500 - Learn MoreShow Less
6 Mo CD
0.30% $500 - Learn MoreShow Less
12 Mo CD
0.60% $500 - Learn MoreShow Less
18 Mo CD
0.60% $500 - Learn MoreShow Less
24 Mo CD
1.00% $500 - Learn MoreShow Less
30 Mo CD
1.00% $500 - Learn MoreShow Less
36 Mo CD
1.30% $500 - Learn MoreShow Less
48 Mo CD
1.45% $500 - Learn MoreShow Less
60 Mo CD
1.60% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - October 18, 2019

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% 0.00 ($98) $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.515% 3.500% 0.25 $478 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$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:
Fairfield,Connecticut


Profed Locations


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
0.51% 5.86

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, 2019, Profed had $149,251 in non-current loans and $97,000 in owned assets. To cover these potential losses it had $47,398,897 in net worth and $955,355 in loans loss reserves. That gives it a Texas Ratio of 0.51%.

Net Worth
Profed U.S. Average
10.6% 13.65%

Profed FCU has a net worth of 10.6% versus the BestCashCow average of 13.65. 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 Profed

Branches and Savings

What is Profed?

A federal credit union, registered with the NCUA under certificate #17012.
Learn more about credit unions here.

Is Profed 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 Profed?

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

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

Profed'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 Profed?

Profed has total capital of $47.40 million. Full information on Profed's financial position is located above.

Who owns Profed?

Credit Unions are owned by their members.

Where are Profed branches located?

See branch locations nearby.

Are Profed ATMs Open 24/7?

Do Profed ATMs accept cash deposits?

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

Does Profed have a mobile app?

Does Profed have mobile deposit?

Does Profed have quick pay?

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

Does Profed report to credit bureaus?

Does Profed use Chexsystems?

Does Profed use Equifax?

What is Profed's toll free phone number?

What is Profed's ACH Routing Number?

What is Profed's SWIFT code?

Where can I find Profed's wire transfer form?

What is the Profed address for deposits?

What Products Does Profed Offer

Does Profed offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Profed offer auto and RV loans?

Compare auto loan rates here.

Does Profed offer student loans or personal loans?

Compare personal loan rates here.

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