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Independent Federal Credit Union

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Independent Federal Credit Union Rates & Review May 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Independent Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 17, 2026

Independent Federal Credit Union's Personal Loan Rates are at 10.24%. MonitorBankRates evaluates the financial stability of Independent Federal Credit Union with a 4.7 Star Rating, an B+ Overall Health Grade, and a Texas Ratio of 18.19%. Rates were last updated on 05/17/2026.

Independent Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Independent Federal Credit Union? Share your experience about Independent Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Independent Federal Credit Union.

Overall Health & Safety Grade

B+

Good Health Score: 88/100

MonitorBankRates Rating

4.7

Excellent Out of 5.0 Stars

Texas Ratio

18.19%

Good Higher than avg

Independent Federal Credit Union
Main Office

3737 S Scatterfield Rd
Anderson, IN 46013

https://www.independentfcu.org

Independent Federal Credit Union Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
Home Equity Line of Credit	-	-	6.75%	Variable Rate
Details Currently 6.75% Last Updated 05/07/2026 Institution Ratings 4.7 Star Rating B+ Health Grade ◈ Texas Ratio: 18.19%

Independent Federal Credit Union Personal Loan Rates

Product	Rate	APR	View More
Personal Loan	-	10.24%
Details As Low As Last Updated 05/07/2026 Institution Ratings 4.7 Star Rating B+ Health Grade ◈ Texas Ratio: 18.19%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Independent Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Independent Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Independent Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Independent Federal Credit Union

Website https://www.independentfcu.org

Address 3737 S Scatterfield Rd, Anderson, IN 46013

Phone 765-649-9271

Fax 765-641-7610

President Chad Clark

CEO Connie Lodde

Full-Time Employees 26

Part-Time Employees 1

Branch Locations 1

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

4.7 / 5.0 ★

Overall Health & Safety Grade

B+ (88/100)

Texas Ratio

18.19%

Return on Assets (ROA)

0.8029%

Return on Equity (ROE)

7.1387%

Non-Performing Loans Ratio (NPL)

3.12%

Total Assets

89,030,309

Total Amount of Shares and Deposits

78,727,884

Total Shares and Deposits < 1 Year

78,337,053

Total Shares and Deposits 1 3 Years

342,536

Total Shares and Deposits > 3 Years

48,295

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

1,885,451

Total Uninsured Shares and Deposits > $250K (F+J)

1,885,451

Total Insured Shares and Deposits > $250K (item 17 less item K)

76,842,433

Total Interest Expense (Sum of items 6 8)

143,633

Share Certificates

194

Number of Accounts for Share Drafts

3,351

Number of Accounts for Regular Shares

6,972

All other shares

142

Money Market Shares

Net Income (unless the amount is already included in Undivided Earnings)

714,848

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

6,696,862

Total Liabilities

79,100,708

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Frequently Asked Questions About Independent Federal Credit Union

How many branches does Independent Federal Credit Union operate?

Independent Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Independent Federal Credit Union?

Yes, to access services at Independent Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Independent Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Independent Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Independent Federal Credit Union offer online and mobile banking?

Most modern institutions like Independent Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.independentfcu.org.