Honda Federal Credit Union is headquartered in Torrance and is the 53rd largest credit union in the state of California. It is also the 352nd largest credit union in the nation. It was established in 1966 and as of June of 2020, it had grown to 179 employees and 69,096 members at 10 locations. Honda Federal Credit Union's money market rates are 14% higher than 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 Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17623 |
| Year Chartered | 1966 |
| Employees | 179 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 2.23% |
| Annual Interest Income | $18.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $1.03B$874.0MM |
| Loans | Q2 2020vs Q2 2019 | $746.9MM$684.7MM |
| Deposits | Q2 2020vs Q2 2019 | $874.2MM$742.7MM |
| Equity Capital | Q2 2020vs Q2 2019 | $88.2MM$82.0MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.7MM$1.3MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $2.7MM$2.3MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $1,000$0 |