Downey Federal Credit Union is headquartered in Downey and is the 114th largest credit union in the state of California. It is also the 997th largest credit union in the nation. It was established in 1957 and as of December of 2018, it had grown to 38 employees and 16,433 members at 1 location. Downey Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ 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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11870 |
| Year Chartered | 1957 |
| Employees | 38 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 5.71% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $220.5MM$220.9MM |
| Loans | Q4 2018vs Q4 2017 | $107.7MM$93.6MM |
| Deposits | Q4 2018vs Q4 2017 | $192.8MM$192.4MM |
| Equity Capital | Q4 2018vs Q4 2017 | $25.1MM$23.9MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $627.00K$583.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.7MM$1.2MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $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 |
|---|---|---|---|---|
| 2.07% | $500 | - | 60 Month IRA | |
| 1.61% | $500 | - | 48 Month IRA | |
| 1.36% | $500 | - | 36 Month IRA | |
| 1.16% | $500 | - | 18 Month IRA | |
| 1.06% | $500 | - | 12 Month IRA |
| Downey Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 8237 3rd St | Downey, CA 90241-3718 |