Sep, 30, 2025 — INDEPENDENT FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, IN with 1 branch location and about $89.03 million in total assets. Opened 55 years ago in 1971, INDEPENDENT FEDERAL CREDIT UNION has about 6,183 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INDEPENDENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3737 S Scatterfield Rd ANDERSON, IN 46013 |
| Phone: | (765) 649-9271 |
| Fax: | (765) 641-7610 |
| Website: | https://www.independentfcu.org |
| Branches: | 1 branch locations |
| Members: | 6,183 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24171 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $89,030,309 |
| CEO/Manager: | Connie Lodde |
| Chairperson: | Chad M Clark |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,804,057 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,473,857 |
| Unsecured Loans | 1,303,749 |
| Other Loans | 38,539,558 |
| TOTAL LOANS | 58,317,161 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -931,014 |
| Land And Building | 3,725,225 |
| Other Fixed Assets | 741,145 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 771,914 |
| All Other Assets | 52,591 |
| TOTAL ASSETS | 89,030,309 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 25,337 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 347,487 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,087,548 |
| Regular shares | 48,563,667 |
| All Other Shares & Deposits | 11,076,669 |
| TOTAL SHARES & DEPOSITS | 78,727,884 |
| TOTAL LIABILITIES | 79,100,708 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,929,601 |
| TOTAL EQUITY | 9,929,601 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 89,030,309 |
| INCOME & EXPENSE | |
| Loan Income | 2,627,526 |
| Investment Income | 601,649 |
| Other Income | 939,135 |
| Total Employee Compensation & Benefits | 1,251,930 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,588,616 |
| Non-operating Income & (Expense) | 17,930 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 843,733 |
| Cost of Funds | 143,633 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 714,848 |
| ↑ Back to Top | |