Industrial Federal Credit Union Named #1 Credit Union In Indiana By Forbes
07/18/2025
By: Industrial Federal Credit Union
Industrial Federal Credit Union Named #1 Credit Union in Indiana by Forbes
Industrial Federal Credit Union (IFCU) is honored to announce its recognition as the #1 credit union in Indiana, according to Forbes’ 2025 Best-In-State Credit Unions list. This prestigious honor reflects IFCU's unwavering commitment to exceptional member service, financial integrity, and community engagement.
Forbes, in collaboration with market research firm Statista, surveyed over 26,000 U.S. consumers to evaluate credit unions on criteria such as trust, branch services, digital offerings, financial advice, and fee transparency. IFCU's top ranking underscores its dedication to delivering outstanding financial services to its members.
“We are truly honored to receive this recognition from Forbes as Indiana’s top credit union,” said Kevin Umlauf, President and CEO of IFCU. “This award is a testament to our incredible team and, most importantly, our loyal members. We are proud to serve the communities of Indiana and deeply grateful for the trust our members place in us every day. This achievement fuels our continued commitment to providing innovative, reliable, and member-first financial solutions.”
Founded in 1954, IFCU began as a small office on the Ross Gear premises at 800 Heath Street in Lafayette, offering savings accounts and small personal loans. Over the decades, IFCU has expanded its services and locations, now operating Member Centers in Lafayette, West Lafayette, Frankfort, Delphi, Monticello, Crawfordsville and Covington, while remaining guided by the philosophy of its founding members—service to its members.
As a member-owned financial cooperative, IFCU offers a comprehensive range of financial products and services, including checking and savings accounts, consumer and business loans, mortgages, and more. The credit union is committed to empowering its members through personalized financial guidance and a strong community focus.
For more information on the Forbes ranking, visit: https://www.forbes.com/lists/best-in-state-credit-unions/
About IFCU
Industrial Federal Credit Union is a full-service, member-owned financial cooperative dedicated to helping its members achieve their financial goals. With multiple branches across Indiana and a growing digital presence, IFCU continues to provide exceptional service and community engagement.