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P.O. Box 10018
Manhattan Beach, CA 90267

Western Federal Credit Union is headquartered in Manhattan Beach and is the 17st largest credit union in the state of California. It is also the 87th largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 443 employees and 164,189 members. Western Federal Credit Union has a B health rating.

Field of Membership Restrictions

There are a number of ways you may qualify for Western membership: Through Your Work: There are hundreds of different companies around the United States who offer Western membership as a part of their employee benefits package. If you work for one of these companies, you are automatically eligible through your employer. Through Your Family: Immediate family members of existing Western members are automatically eligible for membership. This includes: spouses, children, siblings, parents, grandchildren, grandparents, stepchildren, stepparents, adoptive relationships and persons living in the same residence maintaining a single economic unit. Through Your Community: If you live, work, worship or go to school in a neighborhood within our field of membership, you are automatically eligible for Western membership. Visit our Qualified Community search page to find out if your zip code where you live, work, worship or go to school qualifies through your community. Through the Surfrider Foundation or Friends of Hobbs: Western has an alliance with Surfrider Foundation, a non-profit organization dedicated to preserving and protecting our coastal environments since 1984, and with Friends of Hobbs, a non-profit organization that has been dedicated to preserving and protecting Arkansas' Hobbs State Park since 2003. - See Details

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Reviews (2)

Too Much Smoking You-Know-What?

Promotion for opening account was paid. Then, computer access to my account codes got me somebody else's account, twice. Long, long call needed to fix. Automatically enrolled me in anti-American lobbying group against any form of capitalism, not my desired activity as credit unions should not have a political nature. Credit card application accepted and then had to verify out the for small line, then would have had to had to physically sign application again in branch 3 hours drive each way through kamikaze traffic if wanted bonus of bout $50. Enough is enoungh, departed its world of smoking haze.

Excellent Service & Promo Rate Experience @ Western FCU

CA Auto Loan Promo: I just completed a new car loan with Western Federal Credit Union in Hawthorn, CA - 2.99% for 60 months. It's available to qualified members in CA that have a credit score of 740 or higher.  No down payment required, fixed rate for term of the loan, no prepay penalty fees and calculated on simple interest. Check their site for futher details. Topping that off the customer service was Excellent!!! I worked with Santos who returned calls promptly, confirmed receipt of faxes, did everything he said he was going to do, and went beyound to expedite the process due to a surprise deadline that was a result of car dealership monkey business. I searched the web high and low but could not find a better rate for the 60 month term. 

Mortgage Discount Promo: My mom's boyfriend is refinancing his home loan with Western as the have a promo for NO Closing Costs & NO Processing Fee. The 30 year fixed rate looks really good. Check site for futher details. He is working with Aaron, the branch manager, who is also very personable, informative and has the members best interest as top priority.


Data for Q4 2013

Institution Health


Texas Ratio


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 Western Federal Credit Union had $20.46 million in non-current loans and owned real-estate with $176.96 million in equity and loan loss allowances on hand to cover it. This gives Western Federal Credit Union a Texas Ratio of 11.56% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Western Federal Credit Union experienced no significant changes from 9.76% as of December 31, 2012 to 11.56% as of December 31, 2013, resulting in a negative change of 18.45%. This indicates that the balance sheet and financial strength for Western Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Western Federal Credit Union has increased its total deposits by $30.09 million, resulting in 1.83% 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 Western Federal Credit Union has shown is above average.



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. Western Federal Credit Union has $1.89 billion in assets with $176.96 million in equity, resulting in a capitalization level of 9.37%, which is average.

Institution Statistics

NCUA #15732
Year Chartered1963
Primary Regulator
Assets and Liabilities
Assets$1.89 billion
Loans$1.14 billion
Deposits$1.67 billion
Equity Capital$165.31 million
Loan Loss Allowance$11.65 million
Unbacked Noncurrent Loans$19.87 million
Real Estate Owned$590,000
Historic Data - December 2012
Assets$1.84 billion
Equity Capital$159.01 million
Loan Loss Allowance$11.77 million
Unbacked Noncurrent Loans$19.87 million
Real Estate Owned$1.02 million
Profit Margin - Quarterly
Net Interest Margin4.71%
Return on Assets0.49%
Return on Equity5.63%
Interest Income$65.08 million

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

Western Federal Credit Union Savings Account Rates

0.20%--IRA Savings Account
0.20%--Roth IRA Savings Account
0.20%--CESA Savings Account
0.15%-$10kClub Account
0.10%--Regular Savings

Western Federal Credit Union Money Market Rates

0.25%$50k-Money Market Account

Western Federal Credit Union Checking Account Rates

0.10%$2k-Premier Checking
0.00%$25-FREE Checking
0.00%$25-Right Start Checking

Western Federal Credit Union CD Rates

1.81%$100k-60 Month Share Certificate
1.41%$100k-48 Month Share Certificate
1.21%$100k-36 Month Share Certificate
0.85%$100k-24 Month Share Certificate
0.55%$100k-12 Month Share Certificate
0.40%$100k-6 Month Share Certificate
0.30%$100k-3 Month Share Certificate

Western Federal Credit Union IRA Rates

1.81%$100k-60 Month Fixed IRA (Traditional,Roth,CESA)
1.41%$100k-48 Month Fixed IRA (Traditional,Roth,CESA)
1.21%$100k-36 Month Fixed IRA (Traditional,Roth,CESA)
0.85%$100k-24 Month Fixed IRA (Traditional,Roth,CESA)
0.78%$40k-36 Month Variable IRA (Traditional,Roth,CESA)
0.55%$100k-12 Month Fixed IRA (Traditional,Roth,CESA)
0.27%$1k-18 Month Variable IRA (Traditional,Roth,CESA)

Western Federal Credit Union has 41 locations. Click to view all Western Federal Credit Union locations.