Business And Industrial Federal Credit Union

Social
  • +1

A short history of Business And Industrial FCU

Since its inception in 1960 the Business And Industrial Federal Credit Union has been serving its members in the Columbus, Indiana area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Marsha Mayes, the Business And Industrial FCU has grown its membership to over 5,392 with assets of more than $37,198,339. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (812) 372-6091 or email them at bifcu@busindcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Columbus, IN.

General Information For Business And Industrial FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 13940
Address 740 N Marr Rd 
City Columbus 
State Indiana 
Zip-Code 47201
Phone Number (812) 372-6091
Fax Number (812) 372-6093
Email Address: bifcu@busindcu.com
CEO/President Marsha Mayes
Members 5,392 
Full-Time Employees 11 
Part-Time Employees
Number of Branch Offices
Total Assets 37,198,339 
Website http://www.busindcu.com 

Compare Business And Industrial Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Bar-cons CU Columbus Office 1142 N Marr Rd 47201 (812) 372-8776 No 7.69
Centra CU Shelbyville 2450 E State Road 44 46176 (317) 392-2100 No 7.91
Jackson County Co-op CU MAIN OFFICE 705 W 2nd St 47274 (812) 523-1630 No 17.65
Indiana University CU 31 & Smith Valley Road Branch 800 US Highway 31 S 47402 (888) 855-6928 No 27.24
Members Choice CU Branch 3647 W State Road 46 47404 (812) 935-6200 No 27.64

Business And Industrial Federal Credit Union Financial Performance Charts


Performance Charts

Website Image

Financial Data


Business And Industrial Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 13.75 2.49 2.89 N/A 5.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 486 83 83 N/A 289
Rank Among All Indiana Credit Unions 58 8 8 N/A 42

Business And Industrial Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.03 0.20 0.20 0.15
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 148 114 318 276
Rank Among All Indiana Credit Unions N/A 31 21 56 49
Business And Industrial Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 13.750380268,879
All Other Unsecured Loans/Lines of Credit 16.000125218,747
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.4902093,471,507
Used Vehicle Loans 2.8908708,502,089
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 5.50039845,313
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.99078492,610
TOTAL LOANS & LEASES 1,70113,799,145

Business And Industrial Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 39845,313572,951
Open-End Fixed Rate 0000
TOTALS 39845,313572,951

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Business And Industrial Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes