Honda Federal Credit Union is headquartered in Torrance and is the 58th 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 2022, it had grown to 181 employees and 72,729 members at 10 locations. Honda Federal Credit Union's CD rates are 2X the national average, and it 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
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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17623 |
| Year Chartered | 1966 |
| Employees | 181 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.24% |
| Return on Equity - YTD | 2.94% |
| Annual Interest Income | $18.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.08B$1.09B |
| Loans | Q2 2022vs Q2 2021 | $897.8MM$834.5MM |
| Deposits | Q2 2022vs Q2 2021 | $943.2MM$958.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $89.3MM$89.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $3.2MM$2.2MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.4MM$2.3MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$1,000 |