FAST Federal Credit Union is headquartered in Hanford and is the 113th largest credit union in the state of California. It is also the 1,063rd largest credit union in the nation. It was established in 1954 and as of December of 2021, it had grown to 37 employees and 17,952 members at 3 locations. FAST Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership in FAST Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in Kings County, California, or the Fresno County communities of Coalinga, Laton, or Riverdale. Immediate family of current FAST Federal Credit Union members also qualify for membership.
See current membership details
Happy Customer For Years
Have been a happy customer for 48 years - the credit union staff was always willing and happy to help us with our banking needs. Remember the old Cheers TV program - "Where everyone knows your Name" The tellers and staff always great you with a smile and a kind word - by the way the rates are as great as the staff. With excellent service it is no doubt that our FAST Credit Union is on top of the heap - good going FAST
Best Rate In The County
The Rewards Checking Account pays 3.01% apr up to $15,000 (minimun is 0.05; & no fees - woot! I'm able to avoid all fees at FAST; this account even gives you ATM fees back when charged by other banks).
If you are like me: you view your account online (no paper/, also safer), have at least 1 automatic deposit (paycheck), or withdrawal (gym, utilities), & use your debit card to buy things...then why not get the best interest rate?
When I call, I talk to a person vs. a machine. Most are kind.
Only negative is sometimes you have to go up the ladder because an employee may not know how an account works (needs more training on products & services; & needs to take some initiative, which some do... lots of turnover, as expected in this type of job).
I prefer Mobile site over App. There's more functionality for when paying bills.
Update On Interest Rate Limit
Bank has dropped the rate tiers. Now can earn only 2.01% on up to $15,000, not 20k.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 9109 |
| Year Chartered | 1954 |
| Employees | 37 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.77% |
| Return on Equity - YTD | 14.28% |
| Annual Interest Income | $7.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $263.2MM$228.3MM |
| Loans | Q4 2021vs Q4 2020 | $171.7MM$160.4MM |
| Deposits | Q4 2021vs Q4 2020 | $225.1MM$191.5MM |
| Equity Capital | Q4 2021vs Q4 2020 | $32.2MM$27.6MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $2.1MM$2.0MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $74.00K$44.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |