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Chiphone Credit Union Share
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Chiphone Credit Union is a federal credit union based in Elkhart, Indiana. It has been opened since 1947, for 75 years.

With around $86,260,000 in assets, Chiphone Credit Union is considered to be a large credit union. It has 6 branches and 6 ATM locations.

About Share
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Address 710 North Wildwood Avenue
Elkhart, Indiana 46514
Website http://WWW.CHIPHONE.ORG
Phone (574) 294-3606
Fax (574) 295-0294
CEO Travis Mazur
President of the Board Terry Miller
Services Offered
Score Card Share
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75 years
Years in business
Opened in 1947
Well Capitalized
Net worth classification
Source: NCUA
10,548 members
Membership type: Multiple common bond – primary communications and utilities
Above average number of members
251:1
Credit union member to staff ratio
251 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$86,264,755
Total assets
Above average
6 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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6 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
Chiphone Credit Union Branch Locations

Chiphone Credit Union: Elkhart East
661 County Road 17
Elkhart, Indiana 46516
ATM Available
Chiphone Credit Union: Corporate
710 North Wildwood Avenue
Elkhart, Indiana 46514
No ATM
Chiphone Credit Union: Elkhart
1655 W. Beardsley Avenue
Elkhart, Indiana 46514
ATM Available
Chiphone Credit Union: Nappanee
250 North Miriam Street
Nappanee, Indiana 46550
ATM Available
Chiphone Credit Union: Middlebury
403 Crystal Valley Drive
Middlebury, Indiana 46540
ATM Available
Chiphone Credit Union: Elkhart North
619 County Road 6 E.
Elkhart, Indiana 46514
ATM Available
Chiphone Credit Union: Merrillville
17 W. 73rd Avenue
Merrillville, Indiana 46410
ATM Available
Members Share
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10,548 members
Membership type: Multiple common bond – primary communications and utilities
Above average number of members

With 10,548 members, the Chiphone Credit Union is considered to be a large credit union. It is larger than 72% of credit unions.

Fees Share
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$133
Average fee per member
The average fee per member at the Chiphone Credit Union is $133, which is very high compared to most credit unions. This rate is higher than 94% of all credit unions.
Fees are higher than 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 Chiphone Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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251:1
Credit union member to staff ratio
251 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
42 staff members
FTE (full-time equivalent)
17% of employees are part-time
38 full-time, 8 part-time

Chiphone Credit Union has 38 full-time staff members and 8 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 83% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Chiphone Credit Union has around 251 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$86,264,755
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
15.3%
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 Share
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$10,942
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 57% of credit unions.

Chiphone Credit Union holds a total of $45,160,000 in loans and leases, which is about $10,942 per member on average.

Savings interest rate Share
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0.10%
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. Chiphone Credit Union pays 0.10%.

Loan rates Share
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11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.85%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.06%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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4.62%
New car loan rate
Compared to 4.0% nationally
5.98%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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6.53%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.76%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
4.82%
Other real estate loan rates
Compared to 0.9% nationally

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Similar Credit Unions to Chiphone Credit Union

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Chiphone Credit Union: Nappanee ATM
Credit Union ATM: 250 North Miriam Street
Nappanee, Indiana 46550
Chiphone Credit Union: Elkhart North
Credit Union Branch: 619 County Road 6 E.
Elkhart, Indiana 46514 ATM Available
Chiphone Credit Union: Corporate
Credit Union Branch: 710 North Wildwood Avenue
Elkhart, Indiana 46514 No ATM
Chiphone Credit Union: Elkhart East
Credit Union Branch: 661 County Road 17
Elkhart, Indiana 46516 ATM Available
Chiphone Credit Union: Nappanee
Credit Union Branch: 250 North Miriam Street
Nappanee, Indiana 46550 ATM Available
Chiphone Credit Union: Merrillville
Credit Union Branch: 17 W. 73rd Avenue
Merrillville, Indiana 46410 ATM Available
Chiphone Credit Union: Elkhart
Credit Union Branch: 1655 W. Beardsley Avenue
Elkhart, Indiana 46514 ATM Available
Chiphone Credit Union: Middlebury
Credit Union Branch: 403 Crystal Valley Drive
Middlebury, Indiana 46540 ATM Available
Chiphone Credit Union: Middlebury ATM
Credit Union ATM: 403 Crystal Valley Drive
Middlebury, Indiana 46540
Chiphone Credit Union: Elkhart ATM
Credit Union ATM: 1655 W. Beardsley Avenue
Elkhart, Indiana 46514