Financial Partners Credit Union is headquartered in Downey and is the 30th largest credit union in the state of California. It is also the 220th largest credit union in the nation. It was established in 1937 and as of September of 2024, it had grown to 281 employees and 93,053 members at 14 locations. Financial Partners Credit Union's CD rates are 4X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Financial Partners Credit Union is open to anyone through membership in the American Consumer Council, regardless of residency or employment status. Individuals who live, work, attend school, or worship in the California counties of San Diego, Orange, or Los Angeles counties, or the California cities of Alameda or South San Francisco also qualify for membership. Eligibility also extends to members of AARP, as well as employees/retirees/members of nearly 700 Select Employees Groups, including Boeing Aircraft and Missiles Division and Rockwell International. (A full list of SEGs can be found on the credit union's website.)
See current membership details
Related Posts
1/2 - Financial Partners Credit Union Has 3.00% APY 60-Month Jumbo CD
2/3/15 - Financial Partners CU (CA) Offers Competitive Rate 5-Year CDs
4/6/07 - 5.70% 7-Month CD at a California CU (Financial Partners)
3/14/07 - 5.50% 14-Month CD at a California CU - special early withdrawal feature (Financial Partners)
11/14/06 - 6.07% 13-Month CD at a LA Credit Union (Financial Partners)
11/10/06 - 10% 7-Month CD at a LA Credit Union - $1K Max (Financial Partners).
3/31/06 - 10% 12-Month CD at a Multi-State CU ($2.5K max)
Special 6.5 Rate Only Available In CA
Website says
Offer is available to new members only in Los Angeles, Orange, Riverside, or San Diego County; the city of South San Francisco; and the city of Alameda, California
Cant Get Special Rate Online
Tried to get the special 6.5% 8 month cd but there is no option to open it online.
After Verification, They Replied That They Would Have To Wait For 60 Days, Which Would Cause Inconvenience And Affect Their Physical And Mental Health.
My friend gave her relative the remittance information of her bank account, and her relative sent the money to her, but the bank seized her account and asked her to ask her family to go to other branches to verify the transfer. It was sent by her relative. She immediately told her family and went to the branch to verify. The branch staff also confirmed that it was indeed the money sent by the customer's relative. After that, they also confirmed it over the phone. her went to the branch to verify the facts, but was still not satisfied. manager even return the money that had been sent. bank did not send any emails or phone calls to inform that the money would be returned. manager tough attitude caused my friend as customers are extremely inconvenienced, It has affected daily life and emotions being told to wait for 60 days for payment back.
Do Not Open A CD With Financial Partners
This company is shady and scammy. I would not use them to open a CD. They bait you with a high Cd yield and once it matures you only have 7 days to have the funds removed or else they auto-renew the CD and you have to pay a very large penalty fee to move the money out of the CD. They did not verbally inform me of this when I opened the account. I’m sure it’s in the fine print. As they say, the devil is in the details. Would definitely not recommend using this bank.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68457 |
| Year Chartered | 1937 |
| Employees | 281 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 2.59% |
| Annual Interest Income | $75.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $2.24B$2.26B |
| Loans | Q3 2024vs Q3 2023 | $1.76B$1.85B |
| Deposits | Q3 2024vs Q3 2023 | $1.95B$1.81B |
| Equity Capital | Q3 2024vs Q3 2023 | $148MM$144.5MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $10.1MM$5.9MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $9.1MM$5.1MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
