Credit union · NCUA insured
Independent Federal Credit Union
A $93.8M credit union headquartered in Anderson, IN, with 6,123 members and 1 branch in Indiana. Best rates: CDs 3.55% and savings 0.15% APY.
Independent Federal Credit Union Carrot Score
73
Carrot Score
Higher than 33% of U.S. banks and credit unions
#25 of 43 in Indianapolis, IN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Independent Federal Credit Union
Independent Federal Credit Union is a credit union based in Anderson, Indiana.
Originally established in 1946 as Delco Remy Employees Credit Union, it received its federal charter in 1984.
The credit union serves Madison, Delaware, Henry, Hancock, and Hamilton Counties in Indiana.
- Headquarters
- 3737 S Scatterfield Rd, Anderson, IN 46013
- NCUA charter
- 24171
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This may be incomplete or out of date, so check with the credit union before you apply.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
- Anyone who lives, works, worships, attends school, or participates in programs to alleviate poverty or distress in Madison, Delaware, Henry, Hancock, or Hamilton Counties is eligible for membership.
Cost to join
- Membership requires opening an account with a $5 share deposit.
Branches
1 branch in Indiana
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Indiana
1 branch
- Main OfficeMain office3737 S Scatterfield Rd, Anderson, IN 46013Directions
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 | 10.95% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 3.43% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.39% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $66 | $59 | — |
- CapitalNet worth ratio10.95%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late3.43%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.39%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$66Peers’ 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 Independent 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.