Overview / Commentary
Honda Federal Credit Union is headquartered in Torrance and is the 56th largest credit union in the state of California. It is also the 396th largest credit union in the nation. It was established in 1966 and as of June of 2024, it had grown to 198 employees and 64,322 members at 11 locations. Honda Federal Credit Union has a B+ 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
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17623 |
| Year Chartered | 1966 |
| Employees | 198 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.1% |
| Return on Equity - YTD | -1.24% |
| Annual Interest Income | $26.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.16B$1.12B |
| Loans | Q2 2024vs Q2 2023 | $919.4MM$955.6MM |
| Deposits | Q2 2024vs Q2 2023 | $1.02B$956.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $91.6MM$91.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $3.3MM$3.1MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.9MM$3.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $113K$2K |
