Chiphone Federal Credit Union
Chiphone Federal Credit Union is a mid-sized, federally-chartered credit union headquartered in Elkhart, IN. The credit union operates 3 branches in 1 state (Indiana). It has $73.1 million in assets and roughly 16,300 members.
Products offered include: Chiphone IRA CD, Chiphone CD, Chiphone MMA, IRA Club and Share Savings.
Current Chiphone Federal Credit Union Rates
| Name | Term | APY | Min Deposit | |
| Chiphone IRA CD | 3 months | 0.05 % | $500 | |
| 6 months | 0.10 % | $500 | ||
| 1 year | 0.10 % | $500 | ||
| 18 months | 0.15 % | $500 | ||
| 2 years | 0.25 % | $500 | ||
| 3 years | 0.50 % | $500 | ||
| 4 years | 0.80 % | $500 | ||
| 5 years | 1.21 % | $500 | ||
| 6 years | 1.36 % | $500 | ||
| Chiphone CD | 3 months | 0.05 % | $500 | |
| 6 months | 0.10 % | $500 | ||
| 1 year | 0.10 % | $500 | ||
| 18 months | 0.15 % | $500 | ||
| 2 years | 0.25 % | $500 | ||
| 3 years | 0.50 % | $500 | ||
| 4 years | 0.80 % | $500 | ||
| 5 years | 1.21 % | $500 | ||
| 6 years | 1.36 % | $500 |
Chiphone Federal Credit Union Membership Eligibility
To see if you qualify for membership, click on our list of Eligible Employee Groups. If you work at or are related to someone who works at one of these, you qualify. If your company does not offer Chiphone Federal Credit Union, contact us and we will contact them.
Visit the Chiphone website for more information.
To join Chiphone Federal Credit Union, you will need to open a share (savings) account with a $5.00 minimum required deposit. You will then be required to maintain a $5.00 balance at all times. Once you have opened your share account, you are entitled to apply for all of our other credit union services. (A $5.00 new account fee is also required upon opening an account.)
About Chiphone Federal Credit Union
Chiphone Federal Credit Union was founded in December 1946 to meet the financial needs of the employees of Chicago Telephone Supply Company located in Elkhart, Indiana. Within the next three decades, the credit union grew to 4,500 members and 11 million in assets. This continual growth prompted the move to its current location at 1655 W. Beardsley Avenue.
During this time, Chiphone FCU began to merge several smaller credit unions and grew to over 16,000 members and 50 million in assets. Chiphone FCU opened its first branch operation in 1985 in Nappanee, Indiana. In an attempt to satisfy the financial needs of its growing membership, Chiphone FCU opened its second branch in Middlebury, Indiana. In 1995, Chiphone FCU joined the Credit Union Centers of North Central Indiana, Inc. The creation of these Service Centers provided two more locations for our members’ convenience.
Our first Elkhart North, partnership branch was open in February, 2004 with Michiana FCU a Division of Bayer Federal Credit Union, now Inova. Our second partnership branch on CR 17 opened July 10th, 2006. Also in 2006, Chiphone became a Credit Union Outlet. Members from many credit unions can do their transactions at Chiphone.
Chiphone FCU proudly serves the financial needs for over 22,000 members across the Michiana area.