Credit union · NCUA insured
Midwest Family Federal Credit Union
A $39.1M credit union headquartered in Portage, IN, with 2,588 members and 1 branch in Indiana.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: published rates need another account or activity, so they are not scored. Savings: rates are not published online. Auto loans: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- CDs—2.02%Needs another account or monthly activityCD rates →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Midwest Family Federal Credit Union
Founded in 1962 as Midwest Steel Employees Federal Credit Union, Midwest Family Federal Credit Union was created by employees of Midwest Steel looking for convenient banking.
The credit union converted to a community charter and adopted its current name in 2003, operating from Portage, Indiana.
- Headquarters
- 2832 Willowcreek Rd, Portage, IN 46368
- NCUA charter
- 15007
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This may be incomplete or out of date, so check with the credit union before you apply.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, or attends school in Porter County, Indiana, as well as businesses and other legal entities in Porter County, Indiana, are eligible for membership.
Employers and groups
- Employees of Midwest Family FCU are eligible for membership.
Family and household
- Existing members of the credit union and their immediate family or household members are eligible for membership.
- Spouses of persons who died while in the field of membership are eligible for membership.
Other ways
- Volunteers in the community are eligible for membership.
Cost to join
- To become a member, an individual must purchase at least one share by depositing $5 into a share (savings) account, which is refundable upon relinquishing membership.
Branches
1 branch in Indiana
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Indiana
1 branch
- Midwest Family FcuMain office2832 Willowcreek Rd, Portage, IN 46368Directions
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 | 10.64% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.58% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.43% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $54 | $59 | — |
- CapitalNet worth ratio10.64%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.58%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.43%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$54Peers’ 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 Midwest Family 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.