Overview / Commentary
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 103rd largest credit union in the nation. It was established in 1936 and as of September of 2024, it had grown to 134 employees and 112,697 members at 1 location. State Farm Federal Credit Union's savings rates are 8X the national average, and it has an A health rating.
Field of Membership Restrictions
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
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1273 |
| Year Chartered | 1936 |
| Employees | 134 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 4.63% |
| Annual Interest Income | $122.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $4.36B$4.45B |
| Loans | Q3 2024vs Q3 2023 | $1.05B$1.05B |
| Deposits | Q3 2024vs Q3 2023 | $3.67B$3.87B |
| Equity Capital | Q3 2024vs Q3 2023 | $698.7MM$568.2MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $5.5MM$5.6MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $1.5MM$1.2MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |