Charter 24026 · Lafayette, IN
Industrial Federal Credit Union
Industrial Federal Credit Union is a federally chartered credit union in Lafayette, Indiana, with $356 million in assets and 32,280 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 9.22%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $356 million
- +8.0% in a year
- Members
- 32,280
- +1.5% in a year
- Net worth ratio
- 9.22%
- Peer median 11.65%
- Loans 60+ days late
- 0.41%
- Peer median 0.70%
- Loans outstanding
- $250 million
- +6.9% in a year
- Shares and deposits
- $320 million
- +7.4% in a year
- Branches
- 9
- 96 employees
- Opened
- 1983
- Federal charter
How Industrial Federal Credit Union compares
NCUA groups credit unions by size; Industrial Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 9.22% is lower than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.41%, is lower than the group median of 0.70%. Loans grew 6.9% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 25 of 121 credit unions headquartered in Indiana. See all Indiana credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $356 million | 32,280 | $250 million | 9.22% | 0.41% |
| Q1 2026 | $356 million | 31,994 | $243 million | 8.82% | 0.56% |
| Q4 2025 | $340 million | 31,838 | $243 million | 8.92% | 0.71% |
| Q3 2025 | $334 million | 31,825 | $237 million | 8.89% | 0.66% |
| Q2 2025 | $330 million | 31,815 | $233 million | 8.70% | 0.56% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 105,000 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 9 sites for Industrial Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Main Office (main office)
1115 Sagamore Pkwy S, Lafayette, IN 47905 - Covington
413 Washington St, Covington, IN 47932 - Delphi
7249 W 200 N, Delphi, IN 46923 - West Lafayette
1251 Cumberland Ave, West Lafayette, IN 47906 - Monticello
818 W Fisher St, Monticello, IN 47960 - Lafayette South
730 Twyckenham Blvd, Lafayette, IN 47909 - Crawfordsville
1871 S Us Highway 231, Crawfordsville, IN 47933 - Lafayette East
431 Meijer Dr, Lafayette, IN 47905 - Frankfort
1855 W State Road 28, Frankfort, IN 46041
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology