Meet Ross!

Ross the Robot was born as just a little gear in 1954, coming from a long lineage of robots who originated in the guard shack at Ross Gear. With each new generation, technological advances evolved, to form the Ross we know today. Ross’ toolbox has constantly been refitted as demands change in this ever-evolving world. While Ross’ appearance has changed since his first origination, he is still the same Robot-at-heart. Ross is fueled by the requests and services provided to our members. He lives his best robot life and renews his charge every time he’s able to assist IFCU members, of every age. As times and needs change, Ross stays ahead of the game while shifting and molding to fit our member’s needs as best as possible. IFCU’s constant investment in technology really puts Ross in robot motion. Ross loves to be a reminder that IFCU products and services can be accessed from virtually anywhere, to be used by our members at their convenience. The future and possibilities of Ross and IFCU are endless. Let’s see how bright we can shine!


69th Annual Meeting

Save the date: Tuesday, June 18th, 2024

River City Community Center

2842 Old U.S. 231

Lafayette, IN 47909


Doors open at 5:00 PM

Meeting starts at 7:00 PM

Hors d’oeuvres and Financial Fair before meeting.

PLUS! Raffle drawings throughout the meeting!

  • 50" Smart TV
  • Ninja CREAMi
  • iRobot Roomba Combo i5 Robot Vacuum & Mop
  • Aviator Flex Plan Ticket Package and $100 gift card to Aviators gift shop. (includes 10 game tickets)
  • HEPA Air Purifier for large rooms up to 1500 sq ft
  • 5 - $100 drawings

Mark your calendars for our Annual Meeting of Membership on June 18th. It's not just any meeting—it's a celebration! Bring the whole crew because this event is family-friendly and oh-so-casual.
Starting at 5:00 p.m., indulge in delicious hors d'oeuvres while you explore our financial fair. Don't forget to hit up all the tables! Then, at 7:00 p.m., we'll dive into last year's wins and unveil our exciting plans for the future. Psst... there will be raffle drawings throughout the night, so cross your fingers for some luck!
But wait, there's more! Discover how you can play a starring role in shaping the Credit Union's journey. Meet and mingle with our fantastic Board of Directors, President/CEO, and Management Team. Plus, chat with the incredible staff you interact with daily. And hey, you might even make some new friends from our awesome Credit Union community!
Remember, when you joined us, you became an owner. No shareholders here—just one big, happy family reaping the rewards together. Let's keep the good vibes rolling!
See you there on June 18th!


The Nominating Committee nominated two individuals to be elected as Directors at the Annual Meeting: Travis Duell, who is a current Director, and Albert Davis, who is a current Chairperson.  

This Year’s Nominees Are:

TRAVIS DUELL: Travis graduated with a degree in accounting from Purdue University in 2001. After beginning his career at Ernst & Young, he moved back to Lafayette as a staff accountant at Huth Thompson LLP. He has been a partner of the firm for the past 10 years. He serves a variety of clients; including construction, pension, manufacturing, and a variety of small businesses. In addition, he serves as the Treasurer of the Builders Association of Greater Lafayette and has served on the Board of Directors and Finance Committee of Riggs Community Health Center over the past 10 years. Finally, he is involved in coaching his 3 children in various youth sports.

ALBERT DAVIS: Albert Davis has been a member of IFCU’s Board of Directors since February of 2005 and is currently serving as Chairman, a position he has held since 2010. For more than 30 years he held the position of Finance Manager for Lafayette’s Housing Authority before becoming Executive Director. He retired from that position in 2014. He currently owns and operates a modest tax preparation service, specializing in clergy and clients with investment income. Mr. Davis has a bachelor’s degree from Purdue University which included coursework in family counseling that led him to becoming a “Financial Peace University” instructor in his faith-based community. He also serves as Treasurer for his church. He enjoys the challenges of running a successful business, sharing his financial acumen and the opportunity to work with talented and dedicated professionals that hold leadership positions at IFCU.

There were no nominations by petition. Given that the number of nominees equals the positions to be filled, there will be no nominations from the floor.



The Credit Union Difference

A credit union is a financial cooperative composed solely of member-owners who share the philosophy of “not for profit, but for service.” Unlike some financial institutions, the people on our volunteer Board of Directors are member-owners, who work in the best interest of other fellow member-owners. Since the Board of Directors are volunteers, profits are returned to members in the form of lower loan rates, low or no-fee products and services, and higher savings rates.

Members at a credit union are member-owners because his or her deposit represents a share of ownership; however at a bank, the owners are typically small groups of investors. Credit union members are united by a common bond of membership.

Financial markets fluctuate over time. When the market dips, banks tend to either raise loan interest rates or close altogether. Credit unions rely on financial reserves to absorb unexpected losses, so members are protected when times get tough. Also, IFCU is insured by the National Credit Union Administration (NCUA), a U.S. government agency, for deposits up to $250,000.



Our Mission

As a member-owned financial institution, our priority is to provide quality financial services that consistently exceed expectations and mutually benefit our members and their credit union.

Our Vision

Our vision is to serve as our member’s primary financial institution by tailoring products and services that meet their financial goals and objectives.

Making a difference. Sharing the benefits.

Our Difference

Our Board of Directors are members of IFCU too, and work hard to incorporate the philosophy " not for profit, but for service."

Members at a credit union are member-owners because their deposit represents a share of ownership; however at a bank, the owners are typically small groups of investors. Credit union members are united by a common bond of membership.

Our Commitment

IFCU's employees give freely of their time, talents, and energy throughout the year by contributing to several great causes.

With the credit union philosophy of "people helping people" in mind, IFCU believes in giving back to the communities around us. We’re dedicated to helping better our communities through a wide variety of sponsorship and education programs. Through financial contributions, resource donations, and staff volunteering; IFCU supports several events in our community.

Our History

The employees of Ross Gear (now TRW Ross Gear Division) originally chartered Industrial Federal Credit Union (IFCU) in 1954. It was their desire to lay the foundation for a financial institution owned and directed by its own members. Originally located in a tiny office on the Ross Gear premises at 800 Heath Street in Lafayette, the credit union offered savings accounts and small personal loans. Although our services and locations continue to expand, we're still directed by the philosophy of our founding members—service to our members. It's the reason we're here. Today, it is still owned by its shareholders, others like you who have a credit union account. Membership remains exclusive to those affiliated with IFCU and their immediate family members. Membership is forever, even if you leave the employer through whom you joined IFCU.

Since its modest beginning in 1954 your credit union has grown to over $300 million in assets offering full service banking to over 30,000 members. Your credit union succeeds through its mission of building valued member relationships by delivering convenient, personalized banking solutions.


IFCU's Volunteer Board of Directors:

  • Albert L. Davis, Jr. - Chairperson
  • Jerry Reynolds - Vice Chairperson
  • Travis Duell - Financial Officer
  • Pam Thompson - Secretary
  • Kimberly Byers - Director
  • Mick Maris - Director
  • Jim Hardison - Director


Our members elect Industrial Federal Credit Union’s board of directors, who volunteer their time and talents to serve the credit union. The board oversees operations, holds management accountable and ensures executives are upholding our vision to enhance the financial well-being of our members while contributing to the communities in which they live.