Farmers Insurance Federal Credit Union


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 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 June of 2022, it had grown to 224 employees and 61,532 members at 10 locations. Farmers Insurance Federal Credit Union's savings rates are 4X 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.
See current membership details

Reviews (1)

Another Of The Many Janky Cus In CA.

Posted by: |

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.



Health

Health Grade Components

Overall
NCUA #1074
Year Chartered1936
Employees224
Primary Regulator
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD2.05%
Annual Interest Income$30.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.29B$1.25B
LoansQ2 2022vs Q2 2021$1.13B$982.5MM
DepositsQ2 2022vs Q2 2021$1.06B$1.01B
Equity CapitalQ2 2022vs Q2 2021$133.5MM$127.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$8.7MM$8.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$7.1MM$5.6MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%*-$2kRainy Day Savings
OTHER TIERS: 0.20% $2k+
2.25%*-$500Online Savings
OTHER TIERS: 2.23% $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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.07%*-$5kHigh-Yield Checking
OTHER TIERS: 0.20% $5k+

Farmers Insurance Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%*$100k*-60 Month Share Certificate w/ Direct Deposit
OTHER TIERS: 2.50% $1k - $100k
2.50%$1k-12 Month Share Certificate
2.50%*$100k*-48 Month Share Certificate w/ Direct Deposit
OTHER TIERS: 2.35% $1k - $100k
2.40%*$100k*-60 Month Share Certificate
OTHER TIERS: 2.25% $1k - $100k
2.30%*$100k*-36 MonthShare Certificate w/ Direct Deposit
OTHER TIERS: 2.15% $1k - $100k
2.25%*$100k*-48 Month Share Certificate
OTHER TIERS: 2.10% $1k - $100k
2.05%*$100k*-36 Month Share Certificate
OTHER TIERS: 1.90% $1k - $100k
1.75%$1k-30 Month Share Certificate
1.60%$1k-24 Month Share Certificate
1.40%$1k-18 Month Share Certificate
0.90%$1k-9 Month Share Certificate
0.80%$1k-6 Month Share Certificate
0.70%$1k-3 Month Share Certificate

Farmers Insurance Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%*$100k*-60 Month IRA Certificate w/ Direct Deposit
OTHER TIERS: 2.50% $1k - $100k
2.50%$1k-12 Month IRA Certificate
2.50%$1k-12 Month IRA Certificate w/ Direct Deposit
2.50%*$100k*-48 Month IRA Certificate w/ Direct Deposit
OTHER TIERS: 2.35% $1k - $100k
2.40%*$100k*-60 Month IRA Certificate
OTHER TIERS: 2.25% $1k - $100k
2.30%*$100k*-36 Month IRA Certificate w/ Direct Deposit
OTHER TIERS: 2.15% $1k - $100k
2.25%*$100k*-48 Month IRA Certificate
OTHER TIERS: 2.10% $1k - $100k
2.05%*$100k*-36 Month IRA Certificate
OTHER TIERS: 1.90% $1k - $100k
1.75%$1k-30 Month IRA Certificate
1.75%$1k-30 Month IRA Certificate w/ Direct Deposit
1.60%$1k-24 Month IRA Certificate
1.60%$1k-24 Month IRA Certificate w/ Direct Deposit
1.40%$1k-18 Month IRA Certificate
1.40%$1k-18 Month IRA Certificate w/ Direct Deposit
Locations


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

Bellevue Branches
Branch Office3120 139th Ave SE Ste 180Bellevue, WA 98005

Caledonia Branches
Branch Office5600 Beechtree Ln SECaledonia, MI 49316-9587
Branch Office5665 N KRAFT LK SECaledonia, MI 49316

Merced Branches
Branch Office87 W Alexander AveMerced, CA 95348-3404

Oklahoma City Branches
Branch Office7340 W Memorial RdOklahoma City, OK 73142

Olathe Branches
Branch Office17000 W 119th StOlathe, KS 66061
Branch Office10551 S Ridgeview RdOlathe, KS 66061-6401

Phoenix Branches
Branch Office24000 N Farmers WayPhoenix, AZ 85085

Torrance Branches
Corporate Office19191 S Vermont Ave Ste 225Torrance, CA 90502

Woodland Hills Branches
Branch Office6303 Owensmouth AveWoodland Hills, CA 91367

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