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Hobart Ind School Employees Credit Union

Overview
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Hobart Ind School Employees Credit Union is a federal credit union based in Hobart, Indiana. It has been opened since 1952, for 68 years.

With around $2,010,000 in assets, Hobart Ind School Employees Credit Union is considered to be a small credit union.

About
Address 2211 E. 10th Street
Hobart, Indiana 46342
Phone (219) 942-3939
Fax (219) 942-3326
CEO Don Hancock
President of the Board Colin May
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
492 members
Membership type: Educational
Below average number of members
492:1
Credit union member to staff ratio
492 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$2,013,432
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Indiana
Average number of branches
1.00%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Indiana
Average number of branches
Hobart Ind School Employees Credit Union Branch Locations
Members
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492 members
Membership type: Educational
Below average number of members

With 492 members, the Hobart Ind School Employees Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 90% of credit unions.

Fees
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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 Hobart Ind School Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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492:1
Credit union member to staff ratio
492 per each FTE employee
Compared to 411:1 nationally
Fewer staff
1 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 2 part-time

Hobart Ind School Employees Credit Union has 0 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Hobart Ind School Employees Credit Union has around 492 members per staff, a higher ratio compared to other credit unions.

Assets
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$2,013,432
Total assets
Below average
Net worth
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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.
10.4%
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
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$7,269
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 76% of credit unions.

Hobart Ind School Employees Credit Union holds a total of $1,510,000 in loans and leases, which is about $7,269 per member on average.

Savings interest rate
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1.00%
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. Hobart Ind School Employees Credit Union pays 1.00%.

Loan rates
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9.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.00%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
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