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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 107th largest credit union in the state of California. It is also the 954th largest credit union in the nation. It was established in 1957 and as of June of 2024, it had grown to 50 employees and 18,879 members at 1 location. Downey Federal Credit Union's savings rates are 10X the national average, and it has a B 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
B

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #11870
Year Chartered1957
Employees50
Primary Regulator
Profit Margin
Return on Assets - YTD0.01%
Return on Equity - YTD0.29%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$333.8MM$364.7MM
LoansQ2 2024vs Q2 2023$167.8MM$137.7MM
DepositsQ2 2024vs Q2 2023$254.9MM$264.8MM
Equity CapitalQ2 2024vs Q2 2023$15.7MM$13MM
Loan Loss AllowanceQ2 2024vs Q2 2023$2MM$1.4MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$1.2MM$481K
Real Estate OwnedQ2 2024vs Q2 2023$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
5.00%*$0$2kElevate Savings Account
OTHER TIERS: 0.30% → $5k+ | 1.50% → $2k - $5k
2.00%$100$20kSummer Survival Account
0.25%$100-IRA Share
0.20%$100-Trust Account
0.15%$100-Holiday Club Account
0.15%$5-Berenstain Bears Cub Account
0.15%$5-Money Smart
0.05%$100-Coogan Trust Account
0.03%$100-Regular Share Account
0.03%$100-"You Name It" Account

Downey Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$100k*-Money Market Account
OTHER TIERS: 0.10% → $2.5k - $10k | 0.25% → $10k - $25k | 0.40% → $25k - $50k | 0.75% → $50k - $100k

Downey Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$2.5k*-Shield Elite Checking
OTHER TIERS: 0.10% → $0 - $2.5k

Downey Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$2k-10 Month CD W/Shield Elite Checking Account - New Money
4.50%$2k-10 Month CD W/o Shield Elite Checking Account - New Money
2.50%$1k-60 Month Share Certificate
2.25%$1k-48 Month Share Certificate
2.00%$1k-36 Month Share Certificate
1.75%$1k-24 Month Share Certificate
1.50%$1k-12 Month Share Certificate
1.25%$1k-6 Month Share Certificate

Downey Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$2k-10 Month IRA W/Shield Elite Checking Account - New Money
4.50%$2k-10 Month IRA W/o Shield Elite Checking Account - New Money
3.25%$500-60 Month IRA
3.00%$500-48 Month IRA
2.75%$500-36 Month IRA
2.50%$500-24 Month IRA
2.25%$500-18 Month IRA
2.00%$500-12 Month IRA
Locations


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

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