Farmers Insurance Federal Credit Union
Farmers Insurance Federal Credit Union is headquartered in Burbank and is the 47th largest credit union in the state of California. It is also the 329th largest credit union in the nation. It was established in 1936 and as of December of 2022, it had grown to 220 employees and 59,091 members at 11 locations. Farmers Insurance Federal Credit Union has an A health rating.
Field of Membership Restrictions
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
Related Posts
Easy Sign Up, And Great Credit Cards!
Not sure what the issue was with the other poster but the sign up process was very easy for me. Within less than 48 hours of applying for the Crystal Visa I was approved, and had my membership established, all through email and phone.
Another Of The Many Janky Cus In CA.
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.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1074 |
| Year Chartered | 1936 |
| Employees | 220 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 5.68% |
| Annual Interest Income | $66.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $1.37B$1.29B |
| Loans | Q4 2022vs Q4 2021 | $1.29B$1.02B |
| Deposits | Q4 2022vs Q4 2021 | $1.13B$1.06B |
| Equity Capital | Q4 2022vs Q4 2021 | $140.1MM$132.1MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $10.3MM$6.9MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $6.8MM$8.5MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
