I-C Federal Credit Union
Fitchburg, MA·Charter 24250·cu:24250·CCULR opted in
- #25 of 121Total assets in Massachusetts
- 37.8Kmembers
- Top 4%Business loan growth in the U.S.
- #4 of 59Member growth in Massachusetts
- #5 of 66Loan growth in Massachusetts
Performance over time
7 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
Credit union · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at I-C Federal Credit Union
7 of 24 FORFI signals stand out against 569 similar credit unions, based on NCUA data for the quarter.
Funding pressure buildingWorth a look: Funding FORFI signal1.16%peers 1.45%-30 bps
I-C Federal Credit Union's cost of shares and deposits has not eased the way it has at similar credit unions, while borrowed funding increased.
| This institution | Peer median | Difference |
|---|---|---|
| Cost of all shares and deposits | ||
| 1.16% | 1.45% | -30 bps |
| Borrowings as a share of assets | ||
| 6.9% | 0.0% | +6.9 pp |
With internal data, FORFI would look at: Which depositors repriced or moved balances, which relationships are at risk of migrating, and where exception pricing is concentrated.
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. I-C Federal Credit Union itself is left out of every peer median and percentile. How signals work
Delinquent loans falling while the peer median risesStrength: Asset quality 2nd quarter0.94%peers 0.65%+28 bps
I-C Federal Credit Union's loans 60+ days delinquent as a share of loans fell 88 bps over the past year to 0.94%. Among 563 similar credit unions, the median rose 1 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Loans 60+ days delinquent as a share of loans | ||
| 0.94% | 0.65% | +28 bps |
| 12-month change | ||
| -88 bps | +1 bps | -89 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. I-C Federal Credit Union itself is left out of every peer median and percentile. How signals work
Net worth ratio falling while the peer median risesWorth a look: Capital8.92%peers 11.04%-2.1 pp
I-C Federal Credit Union's net worth ratio fell 0.8 percentage points over the past year to 8.92%. Among 563 similar credit unions, the median rose 0.3 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Net worth ratio | ||
| 8.92% | 11.04% | -2.1 pp |
| 12-month change | ||
| -0.8 pp | +0.3 pp | -1.1 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. I-C Federal Credit Union itself is left out of every peer median and percentile. How signals work
Commercial lending growing with steady creditStrength: Lending FORFI signal+75.6%peers +8.0%+67.7 pp
I-C Federal Credit Union's member business loans grew faster than at similar credit unions, without a material rise in problem loans or net charge-offs.
| This institution | Peer median | Difference |
|---|---|---|
| Member business loans, 12-month growth | ||
| +75.6% | +8.0% | +67.7 pp |
With internal data, FORFI would look at: Which new commercial borrowers do not yet hold operating deposits or treasury services with the institution.
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. I-C Federal Credit Union itself is left out of every peer median and percentile. How signals work
3 more observations
- Borrowed funding rising while the peer median holds steadyFunding
- Share and deposit costs rising while the peer median fallsFunding
- Member business lending growing faster than peersLending
Key facts
- I-C Federal Credit Union is a federally chartered credit union headquartered in Fitchburg, Massachusetts. It reported $583 million in total assets for the quarter ended June 30, 2026.
- Shares and deposits totaled $505 million, up 3.2% from a year earlier, and loans totaled $446 million, up 14.1%.
- Its net interest margin on average assets was 3.03% and its annualized return on assets was -0.35% for the quarter.
- Its cost of all shares and deposits was 1.16%, compared with a median of 1.45% among 566 similar credit unions with $300 million to $1 billion in assets.
- It served 37,756 members, up 4.8% from a year earlier.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With I-C Federal Credit Union's own data, FORFI would look at: Which depositors repriced or moved balances, which relationships are at risk of migrating, and where exception pricing is concentrated.
Analysis workspaces
Sources and identifiers
- Institution
- I-C Federal Credit Union · Credit union
- NCUA charter
- 24250
- Reporting period
- Peer group
- 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. I-C Federal Credit Union itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
NCUA · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation |
|---|---|
| -$491.06K | |
| $5.77M | |
| $1.5M | |
| $4.27M | |
| $857.62K | |
| $5.32M | |
| $300K | |
| $300K | |
| -0.35% | |
| 3.03% | |
| 103.73% |
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-16T13:43:41.229347+00:00. Separate reference provenance is included in the export.