About us

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!

IFCU Annual Meetings of Members

Save the Date

Tuesday, June 21, 2022.

River City Community Center
2842 Old U.S. 231
Lafayette, IN 47909

Meeting starts at 7:00. More details to come.

The Nominating Committee nominated three individuals to be elected as Directors at the Annual Meeting:  Pam Thompson and Jim Hardison, who are current Directors, and Mick Maris as a new Director.  

Jim Hardison: Jim Hardison has served as an IFCU Board member since March 2018.  He is a life-long resident of Tippecanoe County and a graduate of Purdue University with a Bachelor’s Degree in Electrical Engineering.   He retired in September 2016 as Vice President of Human Resources for Indiana Packers Corporation after 30 years in the Human Resources field.  Jim serves as the Chairman of the American Meat Institute’s (AMI) Human Resources Committee and is Chairman for Indiana’s Region 4 Workforce Investment Board, which represents 12 counties in North Central Indiana. He was hand selected to sit as an initial member for Immigration and Naturalization Service’s Basic Pilot Program (now known as E-Verify) Advisory Panel from 1996 to 2002.

Pam Thompson: Pam Thompson was elected as an IFCU Board member in 2019.  She retired from IFCU in June 2018 after 17 years of service, most recently as Branch Manager.  Prior work experience includes 22 years in the medical field and 9 years in the National Homes plant office.  She is a long-time resident of Lafayette and a graduate of Purdue University with a BS from the School of Technology and an Associate Degree in Organization Leadership and Supervision.  Prior to working at IFCU, Pam volunteered as a Director for IFCU for 23 years and held the positions of Chairman, Vice Chair, and Secretary.

Mick Maris: Mick graduated from Ball State University with a bachelor’s degree in Business Management, specializing in Small Business and Entrepreneurship.  He has been a Certified Senior Professional in Human Resources since 2003.  In addition, he holds a certificate in supervision from AMS Institute. Mick recently completed eight years in his current position as the Human Resources Manager at the ZF Plant in Lafayette. Mick has held various management positions in HR over the last 28 years.  Mick is currently a partner in one small business and is working with his wife on starting another small business. Since 2017, Mick proudly serves as a member of the IFCU Supervisor Committee. Mick is married and has one grown son.  Mick and his family were raised in the Greater Lafayette area and continue to reside there.

Nominations for vacancies may also be made by petition signed by 1% of the members with a minimum of 20 and a maximum of 500. The number of members as of December 31, 2021 was 29,843; therefore, a minimum of 298 member signatures are required. This petition, along with a brief statement of qualifications and biographical data on the nominee must be submitted to the Secretary no later than May 12, 2022. To be effective, nominations by petition must be accompanied by a signed certificate from the nominee or nominees stating that they are agreeable to nomination and will serve if elected to office. Members must be at least 18 years of age by the date of the meeting in order to vote at meetings of the members, hold elective or appointive office or sign nominating petitions.

Petitions must be sent to:  Pam Thompson, Secretary, Industrial Federal Credit Union, 1115 Sagamore Parkway South, Lafayette, IN  47905

The election will not be conducted by ballot and there will be no nominations from the floor when the number of nominees equals the number of positions to be filled.


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 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.

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.

Who Are We?

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

 

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 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 $172 million in assets offering full service banking to over 32,000 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
  • Julie Cole - Vice Chairperson
  • Travis Duell - Financial Officer
  • Pam Thompson - Secretary
  • Art Schai - Director
  • Jerry Reynolds - Director
  • Jim Hardison - Director

Menu
IFCU

Online Banking

Securely log in by completing the form below.




Forgot Password

New to online banking?
Enroll Now

Youth Accounts

Online Banking

Securely log in by completing the form below.




Forgot Password

New to online banking?
Enroll Now

You are about to visit web.baconpay.com

You are leaving the Industrial Federal Credit Union website. The website you are linking to is not operated by Industrial Federal Credit Union. We are not responsible for any content or information posted to this external website. Industrial Federal Credit Union is not responsible for, nor do we represent you or the external website if you enter into any agreements.

Privacy and security policies may differ between our website and this external site.