Credit union · NCUA insured
Industrial Federal Credit Union
A $355.6M credit union headquartered in Lafayette, IN, with 31,994 members and 9 branches in Indiana. Best rates: CDs 4.06% and savings 1.01% APY.
Industrial Federal Credit Union Carrot Score
81
Carrot Score
Higher than 57% of U.S. banks and credit unions
#4 of 11 in Lafayette, IN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Industrial Federal Credit Union
Industrial Federal Credit Union was chartered in 1954 by employees of Ross Gear to establish a member-owned and member-directed financial cooperative.
Originally established in Lafayette, Indiana, the credit union operates across nine member center locations.
- Headquarters
- 1115 Sagamore Pkwy S, Lafayette, IN 47905
- NCUA charter
- 24026
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Open to anyone
- Anyone who does not qualify through Select Employer groups or family can join by making a $5 donation to an eligible partner organization.
Employers and groups
- Employees, volunteers, trustees, board members, retirees, and immediate family members of employees of Select Employers are eligible for membership.
Family and household
- Individuals with a family member who is a member of Industrial FCU are eligible for membership.
Cost to join
- A $5 deposit into a savings account is required for membership.
- A one-time $5 membership fee is required to become a member.
Branches
9 branches in Indiana
Loading map…
Indiana
9 branches
Lafayette area · 5
- Main OfficeMain office1115 Sagamore Pkwy S, Lafayette, IN 47905Directions
- Delphi7249 W 200 N, Delphi, IN 46923Directions
- Lafayette East431 Meijer Dr, Lafayette, IN 47905Directions
- Lafayette South730 Twyckenham Blvd, Lafayette, IN 47909Directions
- West Lafayette1251 Cumberland Ave, West Lafayette, IN 47906Directions
Covington area · 1
- Covington413 Washington St, Covington, IN 47932Directions
Crawfordsville area · 1
- Crawfordsville1871 S US Highway 231, Crawfordsville, IN 47933Directions
Frankfort area · 1
- Frankfort1855 W State Road 28, Frankfort, IN 46041Directions
Monticello area · 1
- Monticello818 W Fisher St, Monticello, IN 47960Directions
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 | 9.22% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.41% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.43% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $78 | $76 | — |
- CapitalNet worth ratio9.22%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.41%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.43%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$78Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion 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 Industrial 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.