State Farm Federal Credit Union


Overview / Commentary
888-521-5209
1 State Farm Plz Sa-1
Bloomington, IL 61710

State Farm Federal Credit Union is headquartered in Bloomington and is the 3rd largest credit union in the state of Illinois. It is also the 54th largest credit union in the nation. It was established in 1936 and as of December of 2021, it had grown to 132 employees and 120,772 members at 1 location. State Farm Federal Credit Union's savings rates are 73% higher than the national average, and it boasts 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.
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Reviews (1)

State Farm Credit Union

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.



Health
A+

Health Grade Components

Overall
NCUA #1273
Year Chartered1936
Employees132
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD2.84%
Annual Interest Income$66.2MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$5.59B$5.14B
LoansQ4 2021vs Q4 2020$874.1MM$876.5MM
DepositsQ4 2021vs Q4 2020$4.94B$4.46B
Equity CapitalQ4 2021vs Q4 2020$643.6MM$674.1MM
Loan Loss AllowanceQ4 2021vs Q4 2020$2.3MM$4.8MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$781.00K$1.4MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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State Farm Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$5-Share Savings Account
0.90%--IRA Savings Account
0.90%--Electronic Share Accounts
Locations


State Farm Federal Credit Union Locations
Branch Office1 State Farm Plz SA-1Bloomington, IL 61710-0001

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