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Overview / Commentary
562-923-0311
7800 Imperial Hwy
Downey, CA 90242

Financial Partners CU (CA) is headquartered in DOWNEY and is the 41st largest credit union in the state of California. It is also the 254th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 145 employees and 61,523 members. Financial Partners CU (CA) has a A health rating.

Field of Membership Restrictions

If you live, work, attend school, or attend church in Orange County, Long Beach, Downey, or any of the other communities we serve in Los Angeles county, you’re eligible to become a member of Financial Partners Credit Union. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Financial Partners CU (CA) had $5.05 million in non-current loans and owned real-estate with $85.89 million in equity and loan loss allowances on hand to cover it. This gives Financial Partners CU (CA) a Texas Ratio of 5.88% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Financial Partners CU (CA) experienced no significant changes from 4.34% as of December 31, 2012 to 5.88% as of December 31, 2013, resulting in a negative change of 35.45%. This indicates that the balance sheet and financial strength for Financial Partners CU (CA) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Financial Partners CU (CA) has increased its total deposits by $45.13 million, resulting in 6.72% 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 Financial Partners CU (CA) has shown is excellent.

Capitalization

GRADE:
B

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. Financial Partners CU (CA) has $858.95 million in assets with $85.89 million in equity, resulting in a capitalization level of 10.00%, which is above average.

Institution Statistics

Overall
NCUA #68457
Year Chartered1937
Employees145
Primary Regulator
Assets and Liabilities
Assets$858.95 million
Loans$586.58 million
Deposits$716.32 million
Equity Capital$81.54 million
Loan Loss Allowance$4.35 million
Unbacked Noncurrent Loans$4.75 million
Real Estate Owned$298,000
Historic Data - December 2012
Assets$794.37 million
Equity Capital$71.69 million
Loan Loss Allowance$7.56 million
Unbacked Noncurrent Loans$4.75 million
Real Estate Owned$449,000
Profit Margin - Quarterly
Net Interest Margin3.6%
Return on Assets0.74%
Return on Equity7.84%
Interest Income$26.13 million
Rates

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Financial Partners CU (CA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Christmas Club
0.20%--Add-On IRA
0.20%--Add-On Roth IRA
0.10%$100-Share Savings

Financial Partners CU (CA) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$250k-Premier Money Market Savings
0.30%$100k-Money Market Checking

Financial Partners CU (CA) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Advantage Checking

Financial Partners CU (CA) CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$100k-60 Month Jumbo CD
1.40%$1k-60 Month CD
1.25%$100k-48-59 Month Jumbo CD
1.15%$1k-48-59 Month CD
1.05%$100k-36-47 Month Jumbo CD
0.95%$1k-36-47 Month CD
0.75%$100k-24-35 Month Jumbo CD
0.65%$1k-24-35 Month CD
0.60%$100k-12-23 Month Jumbo CD
0.50%$1k-12-23 Month CD
0.45%$100k-6-11 Month Jumbo CD
0.35%$1k-6-11 Month CD
0.30%$100k-3-5 Month Jumbo CD
0.20%$1k-3-5 Month CD

Financial Partners CU (CA) IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$100k-60 Month Jumbo IRA (Traditional,Roth)
1.40%$1k-60 Month IRA (Traditional,Roth)
1.25%$100k-48-59 Month Jumbo IRA (Traditional,Roth)
1.15%$1k-48-59 Month IRA (Traditional,Roth)
1.05%$100k-36-47 Month Jumbo IRA (Traditional,Roth)
0.95%$1k-36-47 Month IRA (Traditional,Roth)
0.75%$100k-24-35 Month Jumbo IRA (Traditional,Roth)
0.65%$1k-24-35 Month IRA (Traditional,Roth)
0.60%$100k-12-23 Month Jumbo IRA (Traditional,Roth)
0.50%$1k-12-23 Month IRA (Traditional,Roth)
0.45%$100k-6-11 Month Jumbo IRA (Traditional,Roth)
0.35%$1k-6-11 Month IRA (Traditional,Roth)
Locations


Financial Partners CU (CA) Locations
Branch Office21757A Erwin St # StWoodland Hills, CA 91367-3608
Branch Office2435 E Imperial Hwy Ste FBrea, CA 92821-6124
Branch Office7800 Imperial HwyDowney, CA 90242-3457
Branch Office16468 Beach BlvdWestminster, CA 92683-7859
Branch Office1409 W Chapman Ave Ste AOrange, CA 92868-2743