ProFed Credit Union

ProFed Credit Union

Members-focused financial cooperative offering banking services

Overview

ProFed Credit Union is a member-owned financial cooperative that serves communities since 1933. It provides personal banking services such as accounts and loans to members. Its product experience centers on friendly, personalized service and accessible financial products that help members manage money and build financial health. ProFed differentiates itself through deep community involvement, supportive treatment of employees with generous benefits (tuition reimbursement, paid time off), and a focus on everyday financial support. Its goal is to be a trusted partner in members’ financial life journeys by delivering reliable, everyday service.

About ProFed Credit Union

Simplify's Rating
Why ProFed Credit Union is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Financial Services

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Fort Wayne, Indiana

Founded

1933

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Simplify's Take

What believers are saying

  • March 2026 annual report says ProFed returned $780,000 through Visa Rewards.
  • The same report says members received another $257,000 from financial advisory services.
  • Auburn's February 2025 relocation added video teller machines and longer drive-thru hours.

What critics are saying

  • Chase and SoFi undercut ProFed's deposits with higher-yield digital accounts in 2026.
  • Mortgage Services faces rate pressure; Alex Makridakis' promotion signals a harder 2026 origination fight.
  • Digital-first banks can starve ProFed of deposits and turn the credit union into a niche lender.

What makes ProFed Credit Union unique

  • Fort Wayne roots run deep: ProFed signed a 2026 multiyear Founding-Level Fort Wayne FC deal.
  • ProFed controls ProFed Financial Advisors, a wholly owned subsidiary highlighted in March 2026.
  • ProFed's 13 branches and Video Tellers extend service hours across northeast Indiana.

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Benefits

Flexible Work Hours

Company News

The Journal Gazette
Dec 8th, 2023
Business people: Fort Wayne area hirings and awards

Todd Roach was promoted to vice president/controller at ProFed Credit Union; and Lilly O'Handley to assistant vice president/information technology.

CUInsight
Nov 1st, 2023
ProFed Federal Credit Union's Todd Roach receives Emerging Leadership Award

INDIANAPOLIS, IN (November 1, 2023) - Todd Roach, VP/Controller at ProFed Federal Credit Union (ProFed FCU) in Fort Wayne is a recipient of the 2023 Emerging Leadership Award from the Indiana Credit Union League.

Fort Wayne Business Weekly
Jan 14th, 2023
Alex Makridakis promoted at ProFed Credit Union | Personal Business | fwbusiness.com

Alex Makridakis has been promoted to vice president/Mortgage Services at ProFed Credit Union.

Fort Wayne Business Weekly
Jan 12th, 2023
Jan. 12

Cara Teeple has been promoted to vice president of Business Services at ProFed Credit Union.

News-Banner Publications, Inc.
Dec 19th, 2022
Anita M. Dathe, 60 | News Banner

Anita retired from ProFed Credit Union after 30+ years of service.

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