Honda Federal Credit Union is headquartered in Torrance and is the 58th largest credit union in the state of California. It is also the 367th largest credit union in the nation. It was established in 1966 and as of September of 2019, it had grown to 168 employees and 68,849 members at 10 locations. Honda Federal Credit Union's money market rates are 3X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Honda Federal Credit Union is open to employees or associates of American Honda Motor Co., Inc.. or affiliated companies.
See current membership details
Friendly and Economical
The Honda FCU is an economical choice for today's average income person. They offer a free checking and savings account with no hidden monthly fees. ATM use at affiliated local credit unions makes it easy to withdraw money and carry out transactions even if you can't go to a Honda branch. They offer great rates on car loans and from personal experience I can say they do everything they can to help you get the money you need. Whenever I have gone into a local branch, the representatives are nothing but professional and friendly. There is also an automated phone service available for checking balances, transferring money, and much more.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17623 |
| Year Chartered | 1966 |
| Employees | 168 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 4.37% |
| Annual Interest Income | $26.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $866.5MM$802.1MM |
| Loans | Q3 2019vs Q3 2018 | $706.6MM$654.6MM |
| Deposits | Q3 2019vs Q3 2018 | $740.1MM$674.4MM |
| Equity Capital | Q3 2019vs Q3 2018 | $83.4MM$74.9MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $1.3MM$1.3MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $2.8MM$1.9MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $1,000$113.00K |