Downey Federal Credit Union is headquartered in Downey and is the 114th largest credit union in the state of California. It is also the 983rd largest credit union in the nation. It was established in 1957 and as of March of 2019, it had grown to 38 employees and 16,792 members at 1 location. Downey Federal Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in the City of Downey and to immediate family of current members.
See current membership details
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11870 |
| Year Chartered | 1957 |
| Employees | 38 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 7.46% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $230.7MM$224.9MM |
| Loans | Q1 2019vs Q1 2018 | $109.8MM$96.5MM |
| Deposits | Q1 2019vs Q1 2018 | $201.4MM$198.4MM |
| Equity Capital | Q1 2019vs Q1 2018 | $26.1MM$23.6MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $628.00K$545.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $774.00K$960.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Downey Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Downey Federal Credit Union Savings Account Rates
Downey Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $100k* | - | Money Market Account | ||
| OTHER TIERS: 0.20% → $2.5k - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k | 0.40% → $50k - $100k | |||||
Downey Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $2.5k* | - | Shield Elite Checking | ||
| OTHER TIERS: 0.15% → Up to $2.5k | |||||
Downey Federal Credit Union CD Rates
Downey Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $500 | - | 60 Month IRA | |
| 2.80% | $500 | - | 48 Month IRA | |
| 2.60% | $500 | - | 36 Month IRA | |
| 2.40% | $500 | - | 24 Month IRA | |
| 2.20% | $500 | - | 18 Month IRA | |
| 2.00% | $500 | - | 12 Month IRA |
| Downey Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 8237 3rd St | Downey, CA 90241-3718 |