Downey Federal Credit Union

Overview / Commentary
8237 3rd St
Downey, CA 90241-3718

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


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Health Grade Components

NCUA #11870
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD7.46%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$230.7MM$224.9MM
LoansQ1 2019vs Q1 2018$109.8MM$96.5MM
DepositsQ1 2019vs Q1 2018$201.4MM$198.4MM
Equity CapitalQ1 2019vs Q1 2018$26.1MM$23.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$628.00K$545.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$774.00K$960.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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* 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

0.75%$100-Summer Survival Account
0.20%$100-Holiday Club Account
0.20%$100-"You Name It" Account
0.20%$100-Coogan Trust Account
0.20%$5-Berenstain Bears Cub Account
0.20%$5-Money Smart
0.15%$100-Regular Share Account

Downey Federal Credit Union Money Market Rates

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

0.25%*$2.5k*-Shield Elite Checking
OTHER TIERS: 0.15% Up to $2.5k

Downey Federal Credit Union CD Rates

1.76%$1k-48 Month Share Certificate
1.51%$1k-36 Month Share Certificate
1.31%$1k-24 Month Share Certificate
1.00%$1k-12 Month Share Certificate
0.80%$1k-6 Month Share Certificate

Downey Federal Credit Union IRA Rates

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 Office8237 3rd StDowney, CA 90241-3718

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