Honda Federal Credit Union
Headquarters
19701 Hamilton Ave Ste 130
Torrance, CA 90502
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2024 Overview
General Credit Union Information
Honda is an NCUA insured institution located in Torrance, CA. It was founded in 1966 and has approximately $1124.08 millions in assets.
Who can join?
Credit union membership is open to Honda associates and their immediate family members.
Associates must work at one of the following companies:
American Honda Education Corp.
American Honda Finance Corp.
American Honda Foundation
American Honda Motor Co., Inc. (AHM)
Calhac
Celina Aluminum Precision Technology (CAPT)
Clark Trucking
Honda of America Manufacturing, Inc. (HAM)
Honda Manufacturing of Alabama, LLC (HMA)
Honda South Carolina (HSC)
Honda Trading America Corp. (HTA)
Honda Power Equipment (HPE)
Honda Research of America
Honda North America (HNA)
Honda Performance Development, Inc.
Honda Access America
Honda Aero, Inc.
Honda Aircraft
Honda Manufacturing Indiana (HMIN)
Honda Precision Parts of Georgia
Honda Transmission Manufacturing (HTM)
Honda Kaihatsu Kogyo USA, Inc.
Honda Federal Credit Union (HFCU)
Honda Engineering, NA, Inc. (EGA)
Honda Patents & Technologies North America LLC (HPT)
Honda Lock (HL-A Co., Inc.)
Komyo America Co., Inc.
Midwest Express Inc. (MEI)
One Solution Logistics
South East Express of South Carolina
New South Express
One World Logistics
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 17623 |
| Date Established | 1966 |
| Assets | $1,124.08 million |
| Loans | $941.58 million |
| Deposits | $975.11 million |
| Capital | $103.18 million |
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.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.35% | $2,500 | $2,999 |
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|
|
Money Market
|
0.50% | $10,000 | $14,999 |
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|
|
Money Market
|
0.60% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.16% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.26% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $2,500 | $3,499 | Learn More |
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Honda
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Honda
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Honda branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
HONDA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Honda Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Honda. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Honda | U.S. Average |
|---|---|
| 8.21% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Honda had $8,613,542 in non-current loans and $121,408 in owned assets. To cover these potential losses it had $103,179,991 in net worth and $3,227,556 in loans loss reserves. That gives it a Texas Ratio of 8.21%.
Net Worth
| Honda | U.S. Average |
|---|---|
| 9.18% | 13.62% |
Honda FCU has a net worth of 9.18% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Honda
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