Credit union · NCUA insured
Hometown Federal Credit Union
A $37.5M credit union headquartered in Peru, IN, with 3,982 members and 1 branch in Indiana. Best rates: savings 0.50% APY.
Hometown Federal Credit Union Carrot Score
76
Carrot Score
Higher than 42% of U.S. banks and credit unions
#3 of 5 in Peru, IN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Hometown Federal Credit Union
Hometown Federal Credit Union was established in August 1936 by 33 Square D Company employees and was originally known as Square D Federal Credit Union.
Headquartered in Peru, Indiana, the credit union began serving Miami County in 1991.
- Headquarters
- 151 N Broadway, Peru, IN 46970
- NCUA charter
- 1621
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live or work in, and businesses and other legal entities located in, Miami County, Indiana (except persons eligible for primary membership in an occupational credit union maintaining its principal office in Miami County, Indiana) are eligible for membership.
Employers and groups
- Employees of Hometown Federal Credit Union are eligible for membership.
- Persons retired as pensioners or annuitants from employment with the credit union are eligible for membership.
Family and household
- Immediate family members of eligible persons and organizations of such persons are eligible for membership.
Other ways
- Spouses of persons who died while within the field of membership of the credit union are eligible for membership.
Branches
1 branch in Indiana
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Indiana
1 branch
- Hometown Federal Credit UnionMain office151 N Broadway, Peru, IN 46970Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 33.28% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.68% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 3.58% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $105 | $59 | — |
- CapitalNet worth ratio33.28%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.68%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets3.58%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$105Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Hometown Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.