Farmers Insurance Federal Credit Union

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Based on 1 review

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CURRENT TOP RATE

High-Yield Checking

Overview / Commentary

800-877-2345

2255 North Ontario Street, Ste. 320
Burbank, CA 91504

Farmers Insurance Federal Credit Union is headquartered in Burbank and is the 48^th largest credit union in the state of California. It is also the 324^th largest credit union in the nation. It was established in 1936 and as of December of 2021, it had grown to 200 employees and 60,270 members at 10 locations. Farmers Insurance Federal Credit Union's savings rates are 15% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Farmers Insurance Group Federal Credit Union is open to employees or agents of Farmers Insurance, Foremost, BristolWest, 21st Century, Farmers New World Life, Farmers Financial Services, and their immediate family. Membership is also open employees of select groups.
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Related Posts

View all posts from:

2007

2/17 - 6.25% 12-Month CD at a Multistate CU (Farmers Insurance Group).

Reviews (1)

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Another Of The Many Janky Cus In CA.

Posted by: planxy | Feb 21, 2022

Must provide "pay stubs"--am retired with direct deposits so no such things for many years. Tax forms 1099 showing federally paid high income are not enough. Also "could not verify my identity" over a long holiday weekend when everything is closed. Provided DL and I indicated I could easily pass Chex Systems if asked. And I would have to travel a few hundred miles to the nearest branch of their limited number to finish the application. After that, the Board must approve each new member individually.

Is there some kind of policy that my state's credit unions must brush off new members with crazy procedures not listed on their websites? This is the tenth screwy business I have encountered trying to become accepted into any of them.

For a living as a financial policy adviser to Congress I helped write banking laws covering CUs when they were actually friendly. They are getting worse.

3

Health

A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #	1074
Year Chartered	1936
Employees	200
Primary Regulator

Profit Margin
Return on Assets - YTD	0.77%
Return on Equity - YTD	7.55%
Annual Interest Income	$58.0MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$1.29B$1.23B
Loans	Q4 2021vs Q4 2020	$1.02B$958.8MM
Deposits	Q4 2021vs Q4 2020	$1.06B$988.7MM
Equity Capital	Q4 2021vs Q4 2020	$132.1MM$122.2MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$6.9MM$9.0MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$8.5MM$6.2MM
Real Estate Owned	Q4 2021vs Q4 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Farmers Insurance 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.

Farmers Insurance Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.04%^*	-	$2k	Rainy Day Savings
OTHER TIERS: 0.20% → $2k+
0.60%^*	$500^*	-	Online Savings
OTHER TIERS: 0.40% → Up to $500
0.40%	-	-	Variable Rate IRA
0.30%	-	-	Health Savings Account
0.30%	-	-	Coverdell Education Savings
0.25%	-	-	My Account
0.25%	-	-	(Holiday) Club Accounts
0.25%	-	-	Tax Saver
0.20%	-	-	Membership Savings

Farmers Insurance Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%^*	$100k^*	-	Money Market Account w/ Direct Deposit
OTHER TIERS: 0.40% → Up to $10k \| 0.45% → $10k - $25k \| 0.50% → $25k - $50k \| 0.55% → $50k - $100k
0.35%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.15% → Up to $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $50k \| 0.30% → $50k - $100k

Farmers Insurance Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.00%^*	-	$5k	High-Yield Checking
OTHER TIERS: 0.20% → $5k+

Farmers Insurance Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.50%^*	$100k^*	-	60 Month Share Certificate w/ Direct Deposit
OTHER TIERS: 1.35% → $1k - $100k
1.41%^*	$100k^*	-	48 Month Share Certificate w/ Direct Deposit
OTHER TIERS: 1.26% → $1k - $100k
1.31%^*	$100k^*	-	36 MonthShare Certificate w/ Direct Deposit
OTHER TIERS: 1.16% → $1k - $100k
1.25%^*	$100k^*	-	60 Month Share Certificate
OTHER TIERS: 1.10% → $1k - $100k
1.16%^*	$100k^*	-	48 Month Share Certificate
OTHER TIERS: 1.00% → $1k - $100k
1.06%^*	$100k^*	-	36 Month Share Certificate
OTHER TIERS: 0.90% → $1k - $100k
1.00%	$1k	-	30 Month Share Certificate
0.75%	$1k	-	24 Month Share Certificate
0.65%	$1k	-	18 Month Share Certificate
0.60%	$1k	-	12 Month Share Certificate
0.45%	$1k	-	9 Month Share Certificate
0.40%	$1k	-	6 Month Share Certificate
0.30%	$1k	-	3 Month Share Certificate

Farmers Insurance Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.50%^*	$100k^*	-	60 Month IRA Certificate w/ Direct Deposit
OTHER TIERS: 1.35% → $1k - $100k
1.41%^*	$100k^*	-	48 Month IRA Certificate w/ Direct Deposit
OTHER TIERS: 1.26% → $1k - $100k
1.31%^*	$100k^*	-	36 Month IRA Certificate w/ Direct Deposit
OTHER TIERS: 1.16% → $1k - $100k
1.25%^*	$100k^*	-	60 Month IRA Certificate
OTHER TIERS: 1.10% → $1k - $100k
1.16%^*	$100k^*	-	48 Month IRA Certificate
OTHER TIERS: 1.00% → $1k - $100k
1.06%^*	$100k^*	-	36 Month IRA Certificate
OTHER TIERS: 0.90% → $1k - $100k
1.00%	$1k	-	30 Month IRA Certificate
1.00%	$1k	-	30 Month IRA Certificate w/ Direct Deposit
0.75%	$1k	-	24 Month IRA Certificate
0.75%	$1k	-	24 Month IRA Certificate w/ Direct Deposit
0.65%	$1k	-	18 Month IRA Certificate
0.65%	$1k	-	18 Month IRA Certificate w/ Direct Deposit
0.60%	$1k	-	12 Month IRA Certificate
0.60%	$1k	-	12 Month IRA Certificate w/ Direct Deposit

Locations

Cities: Bellevue, Caledonia, Merced, Oklahoma City, Olathe, Phoenix, Torrance, Woodland Hills

Bellevue Branches
Branch Office	3120 139th Ave SE Ste 180	Bellevue, WA 98005

Caledonia Branches
Branch Office	5600 Beechtree Ln SE	Caledonia, MI 49316-9587
Branch Office	5665 N KRAFT LK SE	Caledonia, MI 49316

Merced Branches
Branch Office	87 W Alexander Ave	Merced, CA 95348-3404

Oklahoma City Branches
Branch Office	7340 W Memorial Rd	Oklahoma City, OK 73142

Olathe Branches
Branch Office	17000 W 119th St	Olathe, KS 66061
Branch Office	10551 S Ridgeview Rd	Olathe, KS 66061-6401

Phoenix Branches
Branch Office	24000 N Farmers Way	Phoenix, AZ 85085

Torrance Branches
Corporate Office	19191 S Vermont Ave Ste 225	Torrance, CA 90502

Woodland Hills Branches
Branch Office	6303 Owensmouth Ave	Woodland Hills, CA 91367

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