Honda Federal Credit Union

Overview / Commentary
19701 Hamilton Ave ste 130
Torrance, CA 90502

Honda Federal Credit Union is headquartered in Torrance and is the 58th largest credit union in the state of California. It is also the 401st largest credit union in the nation. It was established in 1966 and as of December of 2023, it had grown to 202 employees and 75,780 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

Reviews (1)

Friendly and Economical

Posted by: |

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.


Health Grade Components

NCUA #17623
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD-0.11%
Return on Equity - YTD-1.35%
Annual Interest Income$47.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.12B$1.13B
LoansQ4 2023vs Q4 2022$941.6MM$952.4MM
DepositsQ4 2023vs Q4 2022$975.1MM$944MM
Equity CapitalQ4 2023vs Q4 2022$91.5MM$89.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.9MM$3.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$4.4MM$3.1MM
Real Estate OwnedQ4 2023vs Q4 2022$7K$2K

Rates for Honda Federal Credit Union are currently being reviewed.



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