Profinance Federal Credit Union

Headquarters

7700 Broadway
Merrillville, IN 46410
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Profinance is an NCUA insured institution located in Merrillville, IN. It was founded in 1938 and has approximately $16.39 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 2711
Date Established 1938
Assets $16.39 million
Loans $5.67 million
Deposits $13.17 million
Capital $2.97 million
 

Deposit Rates - December 6, 2021

Your Current Location: Virginia, VA 20146

We do not yet have rates for Profinance

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Loan Rates - December 6, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for PROFINANCE

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Flagstar Bank-Heloc
Flagstar Bank-Heloc
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4.990 %
$0 Learn More
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Note to PROFINANCE
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Branches

Below are Profinance 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


Profinance Locations



Climate Initiatives

PROFINANCE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Profinance Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Profinance. 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
Profinance U.S. Average
1.04% 3.79

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, 2021, Profinance had $25,894 in non-current loans and $5,544 in owned assets. To cover these potential losses it had $2,967,806 in net worth and $69,251 in loans loss reserves. That gives it a Texas Ratio of 1.04%.

Net Worth
Profinance U.S. Average
18.11% 12.22%

Profinance FCU has a net worth of 18.11% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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