Financial Partners Credit Union
Financial Partners Credit Union is headquartered in Downey and is the 29th largest credit union in the state of California. It is also the 191st largest credit union in the nation. It was established in 1937 and as of December of 2022, it had grown to 288 employees and 88,201 members at 15 locations. Financial Partners Credit Union 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
11/11/10 - Long-Term CD Rates At Financial Partners Credit Union In Socal
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)
Great Customer Service
I’ve been banking with FInancial Partners for several years after it acquired my local credit union in GA. I’ve had nothing but good things to say about them. Ease with signing up/paying auto and personal loans, transferring funds from external accounts, savings accounts and a credit card. Their new online app is also easy to navigate. Despite not having a competitive APR on their savings, they do have good rates on their CDs. Overall we decided to bank with them based on these factors and their exceptional over-the-phone customer service.
Westminster, CA Branch-Opened 5 Year CD Today
Today opened a 5 year jumbo CD (base rate of 2.323%, APY of 2.35%) with my aunt. The rate is very good for the California market. Were able to do a Living Trust vesting and able to use POA for absent uncle (invalid at home) so the signature sheet could be finalized. Required to also open a share account with a balance of $25.
Able to obtain a monthly interest check by mail. Early withdrawal penalty on this CD was modest 180 days of interest.
Asked about Living Trust with two Trustees, if 1 dies, the remaining Trustee can close account early with no penalty.
This Westminster branch recently moved within a large shopping center to smaller quarters, Was told rent went up like 60% on old space. The space is functional and lobby had bar seats at high tables. Since my aunt was older, were able to go to a private office to open the account.
Representative who helped us was Sergio, who pulled out all the stops to get us in and out in about 30 minutes, with careful attention to account details. Good treatment with respect for older customer was appreciated. Will consider further CD business with this CU!
Waste Of Time
they will lock your account, tell you it doesn't exist, and put you on hold to hang up on you after wasting 20 minutes. multiple times.
Positive Experience
Opened the 5yr special cd, very easy process. Staff was very helpful. Need to reside in the Los Angeles area.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68457 |
| Year Chartered | 1937 |
| Employees | 288 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.01% |
| Return on Equity - YTD | 0.21% |
| Annual Interest Income | $66.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $2.29B$1.91B |
| Loans | Q4 2022vs Q4 2021 | $1.86B$1.25B |
| Deposits | Q4 2022vs Q4 2021 | $1.72B$1.62B |
| Equity Capital | Q4 2022vs Q4 2021 | $140.2MM$157.9MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $3.6MM$2.9MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $4.3MM$693.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
