State Farm Federal Credit Union is headquartered in Bloomington and is the 4th largest credit union in the state of Illinois. It is also the 81st largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 140 employees and 121,613 members at 1 location. State Farm Federal Credit Union's savings rates are 5X the national average, and it has a B+ health rating.
Membership in State Farm Federal Credit Union is open to employees, retirees, and agents of U.S. State Farm and their family.
See current membership details
We have had an account with State Farm Credit Union for over 15 years. My husband is an employee of the company and it is very convenient to use them. We have access to them online or my husband's office has a Credit Union counter in it so we can also go there in person. We have multiple savings accounts with them as well as a line of credit. There rates for borrowing cannot be beat and their interests rates on savings accounts are on par with other banks and financial institutions. We choose to have almost all of our savings there because we feel it is better protected at the credit union verses an regular bank. We never have an issue transferring money or getting a check issued to us on the same day. We also have easy access to deposit and transfer money into the account. Most electronic transfers all happen with twenty four hours. I do not see us moving our savings anytime soon due to our satisfaction with State Farm credit union.
Overall | |
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NCUA # | 1273 |
Year Chartered | 1936 |
Employees | 140 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.14% |
Return on Equity - YTD | 1.27% |
Annual Interest Income | $48.6MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $4.68B$5.63B |
Loans | Q2 2023vs Q2 2022 | $1.04B$905.4MM |
Deposits | Q2 2023vs Q2 2022 | $4.13B$5.09B |
Equity Capital | Q2 2023vs Q2 2022 | $547.8MM$543.5MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$948.00K |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $979.00K$1.1MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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2.53% | - | - | Share Savings Account | |
2.53% | - | - | IRA Savings Account | |
2.53% | - | - | Electronic Share Accounts |
State Farm Federal Credit Union Locations | ||
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Branch Office | 1 State Farm Plz SA-1 | Bloomington, IL 61710-0001 |