Financial Partners Credit Union is headquartered in Downey and is the 30th largest credit union in the state of California. It is also the 200th largest credit union in the nation. It was established in 1937 and as of June of 2023, it had grown to 287 employees and 88,789 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
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!
Complete Trash
Complete trash. I was quoted 1 rate over the phone, then sent paperwork for a rate almost 3 times more. The honored their mistake, fast forward 8 years and I move out of state and register the car out of state. 2 years go by and i pay off the vehicle. They send my title to the wrong state and now the DMV for a state the car has not been registered in for almost 4 years wont release my pink slip. This is also AFTER MY ADDRESS WAS UPDATED WITH FINANCIAL PARTNERS FOR YEARS. they still sent this to the wrong address and wrong state DMV. Told me oops. DONT BANK HERE
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 Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68457 |
| Year Chartered | 1937 |
| Employees | 287 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 8.42% |
| Annual Interest Income | $44.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $2.28B$2.10B |
| Loans | Q2 2023vs Q2 2022 | $1.87B$1.64B |
| Deposits | Q2 2023vs Q2 2022 | $1.82B$1.62B |
| Equity Capital | Q2 2023vs Q2 2022 | $146.9MM$145.1MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$2.1MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $4.1MM$1.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
