STATE FARM

One State Farm Plaza, SB-1
Bloomington, IL 61710

 

2018 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 1273
Date Established 1936
Assets $4,082.54 million
Loans $913.31 million
Deposits $3,530.25 million
Capital $569.25 million

State Farm is an NCUA insured institution located in Bloomington, IL. It was founded in 1936 and has approximately $4082.54 millions in assets.

Who can join?

Membership in the State Farm Federal Credit Union is open to all U.S. State Farm employees, agents, retirees, and members of their immediate families.

Immediate family member eligibility is defined as:

Legally married spouse

Never married children, stepchildren, court appointed foster or guardian/custodial children, legally adopted children, and children of divorced members, under the age of 25 who receive more than 50% of their annual support from the parent/guardian/custodian and are either
living under the same roof and in the same household as the member or parent/guardian/custodian, or
attending school full time

Children incapable of self-sustaining employment over the age of 25 living in the same household who receive more than 50% of their annual support from their parents/guardian/custodian.

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.

Deposit Rates - November 21, 2018

Your Current Location: Virginia, VA 20146

Loan Rates - November 21, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for STATE FARM

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.625% 5.625% 0.00 $0 $1,440 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.756% 4.750% 0.13 $170 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.49% $284 Learn More
Third Federal Savings and Loans 4.24% $246 Learn More

Note to STATE FARM
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are State Farm 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:
Ashburn,Virginia


State Farm Locations

Financial Details

State Farm Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State Farm. 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
State Farm U.S. Average
1.33% 5.78

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 June 30, 2018, State Farm had $7,622,284 in non-current loans and $0 in owned assets. To cover these potential losses it had $569,248,779 in net worth and $5,299,233 in loans loss reserves. That gives it a Texas Ratio of 1.33%.

Net Worth
State Farm U.S. Average
13.94% 13.21%

State Farm FCU has a net worth of 13.94% versus the BestCashCow average of 13.21. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions On State Farm

What is State Farm?

A federal credit union, registered with the NCUA under certificate #1273.
Learn more about credit unions here.

Is State Farm FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join State Farm?

Please see Field of Membership information above for information on who is eligible to join.

What are State Farm's share account and share certificate rates?

State Farm's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is State Farm?

State Farm has total capital of $569.25 million. Full information on State Farm's financial position is located above.

Who owns State Farm?

Credit Unions are owned by their members.

Where are State Farm branches located?

See branch locations nearby.

Are State Farm ATMs Open 24/7?

Do State Farm ATMs accept cash deposits?

Can State Farm customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does State Farm have a mobile app?

Does State Farm have mobile deposit?

Does State Farm have quick pay?

How can State Farm transfer money to other banks or credit unions?

Does State Farm report to credit bureaus?

Does State Farm use Chexsystems?

Does State Farm use Equifax?

What is State Farm's toll free phone number?

What is State Farm's ACH Routing Number?

What is State Farm's SWIFT code?

Where can I find State Farm's wire transfer form?

What is the State Farm address for deposits?

What Products Does State Farm Offer

Does State Farm offer mortgages?

Compare mortgage rates here.

Does State Farm offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does State Farm offer auto and RV loans?

Compare auto loan rates here.

Does State Farm offer student loans or personal loans?

Compare personal loan rates here.

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