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Overview / Commentary
323-268-1226
2625 Corporate Pl
Monterey Park, CA 91754

F & A Credit Union is headquartered in MONTEREY PARK and is the 24th largest credit union in the state of California. It is also the 156th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 72 employees and 43,904 members. F & A Credit Union's savings rates are 12X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

F&A Federal Credit Union’s membership consists of: * County of Los Angeles Fire Department * Office of the Farm Advisory * County of Los Angeles Agricultural Commissioner / Weights and Measures * Cooperative Agricultural Extension Program of the University of California * Los Angeles County Fire Fighters Local 1014 * Los Angeles County Lifeguards Additionally F&A is proud to serve the employees of cities which contract with the L. A. County Fire Department for fire protection service and other selected cities. The immediate family of a current F&A Member, either by blood, marriage or legal documentation, may also join the Credit Union. Becoming a member of F&A is easy. Just open a regular share account with a small initial deposit. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 F & A Credit Union had $1.48 million in non-current loans and owned real-estate with $186.28 million in equity and loan loss allowances on hand to cover it. This gives F & A Credit Union a Texas Ratio of 0.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for F & A Credit Union decreased slightly from 0.97% as of March 31, 2013 to 0.80% as of March 31, 2014, resulting in a positive change of 18.31%.This indicates that the balance sheet and financial strength for F & A Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, F & A Credit Union has increased its total deposits by $26.99 million, resulting in 2.5% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth F & A Credit Union has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. F & A Credit Union has $1.29 billion in assets with $186.28 million in equity, resulting in a capitalization level of 14.40%, which is excellent.

Institution Statistics

Overall
NCUA #1493
Year Chartered1936
Employees72
Primary Regulator
Assets and Liabilities
Assets$1.29 billion
Loans$266.97 million
Deposits$1.11 billion
Equity Capital$183.20 million
Loan Loss Allowance$3.08 million
Unbacked Noncurrent Loans$1.48 million
Real Estate Owned$0
Historic Data - March 2013
Assets$1.27 billion
Equity Capital$182.94 million
Loan Loss Allowance$3.76 million
Unbacked Noncurrent Loans$1.48 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.04%
Return on Assets1.33%
Return on Equity9.36%
Interest Income$8.65 million
Rates

Always verify rates and promotions with the bank or credit union. We are not F & A Credit Union, we are a rate comparison website and can not provide official rates or promotions.

F & A Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
6.18%-$1kurMoney Account
0.75%$25$10kHoliday Savings Club Account
0.70%--IRA Share Account
0.70%--Roth IRA Share Account
0.70%--SEP IRA Share Account
0.50%--Regular Share Account

F & A Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.70%$2,500-Money Market Plus

F & A Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.75%-$25kHi Yield eChecking Account
0.50%$10k-Checking Account

F & A Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.33%$1k-60 Month Term Share Certificate
2.33%$50k-60 Month Jumbo Term Share Certificate
2.33%$250-60 Month Kid's Club Term Share Certificate
1.87%$1k-48 - 59 Month Term Share Certificate
1.87%$50k-48 - 59 Month Jumbo Term Share Certificate
1.87%$250-48 - 59 Month Kid's Club Term Share Certificate
1.51%$1k-36 - 47 Month Term Share Certificate
1.51%$50k-36 - 47 Month Jumbo Term Share Certificate
1.51%$250-36 - 47 Month Kid's Club Term Share Certificate
1.31%$1k-24 - 35 Month Term Share Certificate
1.31%$50k-24 - 35 Month Jumbo Term Share Certificate
1.31%$250-24 - 35 Month Kid's Club Term Share Certificate
1.21%$1k-18 - 23 Month Term Share Certificate
1.21%$50k-18 - 23 Month Jumbo Term Share Certificate
1.21%$250-18 - 23 Month Kid's Club Term Share Certificate
1.11%$1k-12 - 17 Month Term Share Certificate
1.11%$50k-12 - 17 Month Jumbo Term Share Certificate
1.11%$250-12 - 17 Month Kid's Club Term Share Certificate
0.90%$1k-6 - 11 Month Term Share Certificate
0.90%$50k-6 - 11 Month Jumbo Term Share Certificate
0.90%$250-6 - 11 Month Kid's Club Term Share Certificate

F & A Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.33%$1k-60 Month IRA Term Share Certificate
2.33%$50k-60 Month Jumbo IRA Term Share Certificate
1.87%$1k-48 - 59 Month IRA Term Share Certificate
1.87%$50k-48 - 59 Month Jumbo IRA Term Share Certificate
1.51%$1k-36 - 47 Month IRA Term Share Certificate
1.51%$50k-36 - 47 Month Jumbo IRA Term Share Certificate
1.31%$1k-24 - 35 Month IRA Term Share Certificate
1.31%$50k-24 - 35 Month Jumbo IRA Term Share Certificate
1.21%$1k-18 - 23 Month IRA Term Share Certificate
1.21%$50k-18 - 23 Month Jumbo IRA Term Share Certificate
1.11%$1k-12 - 17 Month IRA Term Share Certificate
1.11%$50k-12 - 17 Month Jumbo IRA Term Share Certificate
0.90%$1k-6 - 11 Month IRA Term Share Certificate
0.90%$50k-6 - 11 Month Jumbo IRA Term Share Certificate
Locations


F & A Credit Union Locations
Branch Office13303 Hadley StWhittier, CA 90601
Branch Office2625 CORPORATE PlMONTEREY PARK, CA 91754