Applications / Mortgage Analytics / Lenders / Indiana / Independent Federal Credit Union
Anderson, IN · Credit union · NCUA · $89.1 million assets · 59 loans in 2025
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59
loans originated, 2025
82
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Independent Federal Credit Union is a small Anderson, Indiana lender whose loans swing sharply from year to year, and more than half of them go to low- and moderate-income borrowers.
Its loans rose 269% in 2025, to 59, while similar lenders (credit unions making between half and twice as many loans) grew 7%. The jump looks large because 2024 was a trough of 16. It made 61 loans in 2023, so 2025 matches its recent high rather than breaking new ground.
Nearly two-thirds of its lending, 62.7%, is for purposes other than buying, refinancing or improving a home, and only 3.4% is for purchases. Its typical loan is $75,000, against $95,000 at similar lenders. That makes it more a lender of small loans secured on homes than a mortgage lender in the usual sense.
Low- and moderate-income (LMI) borrowers took 57.6% of its loans, against 30.6% at similar lenders, a higher share than at more than nine in ten of them. Loans in LMI neighborhoods made up 40.7%, against 17.3%. With so few loans these shares move a lot from year to year.
It lends in one state, mostly around Indianapolis, Muncie and rural Indiana, and has filed reports since 1991. With 59 loans a year, it is a small presence in each of those markets.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Independent Federal Credit Union took 82 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 62.7% · Refinance 27.1% · Home improvement 6.8% · Purchase 3.4%
Conventional 100.0% · of 59 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Indiana | 59 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 54 |
| Muncie | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900PEMVJN4DS4MS43 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 603492 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524171 | 1990–2017 |
Established 1 January 1971. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Independent Federal Credit Union's data.
Independent Federal Credit Union's data
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Independent Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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