INDUSTRIAL EMPLOYEES Credit Union Profile

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INDUSTRIAL EMPLOYEES

Charter #65242 | NCUA Region 3 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (641) 437-7109

Fax: (641) 437-7109

Founding Date: N/A

Website: https://www.industrialemployeescu.c

Personnel & Operations

President: DeVore, Wendell

Manager: Varese, Shona

FT Employees: 3

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 1

Hours: Monday thru Friday 7:45 a.m. - 4:45 p.m.

Credit Union Profile Summary

INDUSTRIAL EMPLOYEES is a FISCU Credit Union. With a total of 880 members [1], this institution manages approximately $9,211,416 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 21.28% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -3.36% [1].

Financial Snapshot

Total Assets [1]
$9,211,416

Total economic resources.

Total Loans [1]
$5,294,763

Total value of outstanding loans.

Total Deposits [1]
$7,238,931

Total funds deposited by members.

Members [1]
880

Number of active members.

Performance Ratios

Net Worth Ratio [1]
21.28%

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]
1.16%

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

Loan-to-Share Ratio [1]
73.14%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -2.80%

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

Loan Growth (4Q) [1]
↓ -3.36%

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

Member Growth (4Q) [1]
↓ -2.87%

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

Headquarters Location & Map

Headquarters Address

1513 S 18th St

Centerville, IA, 52544
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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 INDUSTRIAL EMPLOYEES (Charter #65242).

Main Office

Industrial Employees CU Main Office

Type: Corporate Office

1513 S 18th St

Centerville, IA 52544

Phone: (641) 437-7109

Services: Member Services

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