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Downey Federal Credit Union


Overview / Commentary
www.downeyfcu.org
562-862-8141
8237 3rd St
Downey, CA 90241

Downey Federal Credit Union is headquartered in Downey and is the 112th largest credit union in the state of California. It is also the 990th largest credit union in the nation. It was established in 1957 and as of June of 2020, it had grown to 44 employees and 17,476 members at 1 location. Downey Federal Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in DFCU is open to those who live, work, worship, or attend school in the communities of Bell, Bell Gardens, Bellflower, Compton (including East Compton), Cudahy, Downey, Huntington Park, Lynwood, Norwalk, Paramount, Pico Rivera, Santa Fe Springs, or South Gate. Immediate family of current members are also eligible to join.
See current membership details

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Health
A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #11870
Year Chartered1957
Employees44
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD3.28%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$258.0MM$229.7MM
LoansQ2 2020vs Q2 2019$112.9MM$111.5MM
DepositsQ2 2020vs Q2 2019$224.8MM$198.9MM
Equity CapitalQ2 2020vs Q2 2019$30.4MM$27.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$603.00K$567.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$658.00K$1.3MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100$20kSummer Survival Account
0.45%$100-IRA Share
0.20%$100-Holiday Club Account
0.20%$5-Berenstain Bears Cub Account
0.20%$5-Money Smart
0.15%$100-"You Name It" Account
0.10%$100-Regular Share Account
0.10%$100-Coogan Trust Account

Downey Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$2.5k*-Shield Elite Checking
OTHER TIERS: 0.10% → Up to $2.5k

Downey Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%$1k-60 Month Share Certificate
1.31%$1k-48 Month Share Certificate
1.21%$1k-36 Month Share Certificate
1.10%$1k-24 Month Share Certificate
1.00%$1k-12 Month Share Certificate
0.70%$1k-6 Month Share Certificate

Downey Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$500-60 Month IRA
1.41%$500-48 Month IRA
1.31%$500-36 Month IRA
1.21%$500-24 Month IRA
1.10%$500-18 Month IRA
1.00%$500-12 Month IRA
Locations


Downey Federal Credit Union Locations
Branch Office8237 3rd StDowney, CA 90241-3718

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