Farmers Insurance Federal Credit Union

Overview / Commentary
2255 North Ontario Street, Ste. 320
Burbank, CA 91504

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

Reviews (2)

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.

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 Grade Components

NCUA #1074
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD5.68%
Annual Interest Income$66.8MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$1.37B$1.29B
LoansQ4 2022vs Q4 2021$1.29B$1.02B
DepositsQ4 2022vs Q4 2021$1.13B$1.06B
Equity CapitalQ4 2022vs Q4 2021$140.1MM$132.1MM
Loan Loss AllowanceQ4 2022vs Q4 2021$10.3MM$6.9MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$6.8MM$8.5MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0

Rates for Farmers Insurance Federal Credit Union are currently being reviewed.



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