Farmers Insurance Federal Credit Union is headquartered in Burbank and is the 49th largest credit union in the state of California. It is also the 336th largest credit union in the nation. It was established in 1936 and as of September of 2022, it had grown to 218 employees and 60,931 members at 10 locations. Farmers Insurance Federal Credit Union's savings rates are 6X the national average, and it has an A health rating.
Membership in Farmers Insurance Group Federal Credit Union is open to anyone by joining or being a member of the American Consumer Council. Membership is also open to employees or agents of Farmers Insurance, Foremost, BristolWest, 21st Century, Farmers New World Life, Farmers Financial Services, and their immediate family.
See current membership details
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.
Overall | |
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NCUA # | 1074 |
Year Chartered | 1936 |
Employees | 218 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.61% |
Return on Equity - YTD | 5.75% |
Annual Interest Income | $47.6MM |
Assets and Liabilities | ||
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Assets | Q3 2022vs Q3 2021 | $1.32B$1.29B |
Loans | Q3 2022vs Q3 2021 | $1.23B$1.01B |
Deposits | Q3 2022vs Q3 2021 | $1.09B$1.06B |
Equity Capital | Q3 2022vs Q3 2021 | $138.1MM$130.5MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $9.8MM$7.2MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $8.4MM$6.7MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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5.00%* | - | $5k | High-Yield Checking | ||
OTHER TIERS: 0.20% → $5k+ |
Bellevue Branches | ||
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Branch Office | 3120 139th Ave SE Ste 180 | Bellevue, WA 98005 |
Caledonia Branches | ||
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Branch Office | 5600 Beechtree Ln SE | Caledonia, MI 49316-9587 |
Branch Office | 5665 N KRAFT LK SE | Caledonia, MI 49316 |
Merced Branches | ||
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Branch Office | 87 W Alexander Ave | Merced, CA 95348-3404 |
Oklahoma City Branches | ||
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Branch Office | 7340 W Memorial Rd | Oklahoma City, OK 73142 |
Olathe Branches | ||
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Branch Office | 17000 W 119th St | Olathe, KS 66061 |
Branch Office | 10551 S Ridgeview Rd | Olathe, KS 66061-6401 |
Phoenix Branches | ||
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Branch Office | 24000 N Farmers Way | Phoenix, AZ 85085 |
Torrance Branches | ||
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Corporate Office | 19191 S Vermont Ave Ste 225 | Torrance, CA 90502 |
Woodland Hills Branches | ||
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Branch Office | 6303 Owensmouth Ave | Woodland Hills, CA 91367 |