Home
Contents
Explore
Search

Ball State Credit Union

Overview
Back to Top

Ball State Credit Union is a federal credit union based in Muncie, Indiana. It has been opened since 1956, for 64 years.

With around $92,320,000 in assets, Ball State Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About
Address P.O. Box 1949
Muncie, Indiana 47308
Website http://www.bsfcu.com
Phone (765) 741-2728
Fax (765) 741-2737
CEO Carl R. Glassburn
President of the Board Randy Sollars
Services Offered
Map
Back to Top
Score Card
Back to Top
64 years
Years in business
Opened in 1956
Adequately Capitalized
Net worth classification
Source: NCUA
12,251 members
Membership type: Multiple common bond – primary educational
Above average number of members
366:1
Credit union member to staff ratio
366 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$92,320,796
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
0.03%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
2 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
Ball State Credit Union Branch Locations

Ball State Credit Union: Corporate Office
2900 North Oakwood Avenue
Muncie, Indiana 47304
ATM Available
Ball State Credit Union: Campus Branch
2001 W. University Avenue Suite 115
Muncie, Indiana 47306
ATM Available
Members
Back to Top
12,251 members
Membership type: Multiple common bond – primary educational
Above average number of members

With 12,251 members, the Ball State Credit Union is considered to be a large credit union. It is larger than 74% of credit unions.

Fees
Back to Top
$60
Average fee per member
The average fee per member at the Ball State Credit Union is $60, which is comparable to most credit unions. This rate is lower than 40% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Ball State Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
366:1
Credit union member to staff ratio
366 per each FTE employee
Compared to 411:1 nationally
Average number of staff
34 staff members
FTE (full-time equivalent)
14% of employees are part-time
31 full-time, 5 part-time

Ball State Credit Union has 31 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 86% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Ball State Credit Union has around 366 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
Back to Top
$92,320,796
Total assets
Above average
Net worth
Back to Top
Adequately Capitalized
Net worth classification
Source: NCUA
An adequately capitalized credit union has a net worth ratio between 6% and 7% and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
6.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
Back to Top
$12,830
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 70% of credit unions.

Ball State Credit Union holds a total of $65,960,000 in loans and leases, which is about $12,830 per member on average.

Savings interest rate
Back to Top
0.03%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Ball State Credit Union pays 0.03%.

Loan rates
Back to Top
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
2.99%
New car loan rate
Compared to 4.0% nationally
3.24%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
5.17%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.49%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
Local 697 Credit Union
Location
Merrillville, Indiana
Members
2919
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
12.50%
Read More
Tippecanoe Credit Union
Location
Lafayette, Indiana
Members
1264
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
10.90%
Read More
Lakes Credit Union
Location
Monticello, Indiana
Members
3,487
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Indiana Heartland Credit Union
Location
Kokomo, Indiana
Members
3,764
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
11.80%
Read More
Elements Financial Credit Union
Location
Indianapolis, Indiana
Members
107,221
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
12.48%
Read More
Fo Me Bo Co Credit Union
Location
Wabash, Indiana
Members
689
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More