INDEPENDENT Credit Union Profile

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INDEPENDENT

Charter #24171 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (765) 649-9271

Fax: (765) 641-7610

Founding Date: N/A

Website: http://www.independentfcu.org

Personnel & Operations

President: Clark, Chad

Manager: Lodde, Connie

FT Employees: 24

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 1

Hours: M, T, Th 9-5 W 10-5 F 9-6 S 9-12

Credit Union Profile Summary

INDEPENDENT is a FCU Credit Union. With a total of 6,211 members [1], this institution manages approximately $89,421,067 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 10.91% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -3.81% [1].

Financial Snapshot

Total Assets [1]
$89,421,067

Total economic resources.

Total Loans [1]
$58,896,850

Total value of outstanding loans.

Total Deposits [1]
$79,503,765

Total funds deposited by members.

Members [1]
6,211

Number of active members.

Performance Ratios

Net Worth Ratio [1]
10.91%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.05%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
74.08%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
1.01%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
-3.81%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
-4.28%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

3737 S Scatterfield Rd

Anderson, IN, 46013

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by INDEPENDENT (Charter #24171).

Main Office

Main Office Main Office

Type: Corporate Office

3737 S Scatterfield Rd

Anderson, IN 46013

Phone: (765) 649-9271

Services: Member Services, ATM, Drive-Thru

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