Credit union · NCUA insured
Policemen's Federal Credit Union
A $94.9M credit union headquartered in South Bend, IN, with 4,753 members and 2 branches in Indiana. Best rates: CDs 4.10% and savings 0.25% APY.
Policemen's Federal Credit Union Carrot Score
82
Carrot Score
Higher than 61% of U.S. banks and credit unions
#9 of 22 in South Bend, IN-MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Policemen's Federal Credit Union
Founded in 1967 in South Bend, Indiana, Policemen's Federal Credit Union is a member-owned financial institution.
The credit union supports the well-being of law enforcement, first responders, and all local residents in the South Bend community.
- Headquarters
- 1130 S Main St, South Bend, IN 46601-3338
- NCUA charter
- 18393
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This may be incomplete or out of date, so check with the credit union before you apply.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 can become an Associate Member of the Fraternal Order of Police (FOP) for $20 to become eligible for membership.
Employers and groups
- Members or associate members of FOP Lodge 36, FOP Lodge 91, or FOP Lodge 155 are eligible for membership.
- Employees or retirees of Indiana Michigan Power (I&M) or Mishawaka Utilities are eligible for membership.
Military, government and schools
- Employees or retirees of law enforcement agencies in South Bend, Mishawaka, or St. Joseph County are eligible for membership.
Family and household
- Immediate family members of current Policemen's Federal Credit Union members are eligible for membership.
Cost to join
- A one-time fee of $20 is required to join the Fraternal Order of Police Associates (FOPA).
Branches
2 branches in Indiana
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Indiana
2 branches
- Policemens Federal Credit UnionMain office1130 S Main St, South Bend, IN 46601Directions
- Shared Service Center1130 S Main St, South Bend, IN 46601Directions
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 | 16.39% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.29% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.37% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $39 | $59 | — |
- CapitalNet worth ratio16.39%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.29%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.37%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$39Peers’ 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 Policemen's 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.