State Farm Federal Credit Union

Headquarters

One State Farm Plaza, Sa-1
Bloomington, IL 61710
See all branch locations →

Phone 1-888-521-5209

Notable Rates APY Vs.Others
Savings 1.51% 2.55% →
1-Year CD N.A. 2.80% →
2-Year CD N.A. 3.20% →
5-Year CD N.A. 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

State Farm is an NCUA insured institution located in Bloomington, IL. It was founded in 1936 and has approximately $5660.57 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.

NCUA Insured Yes / Federally Chartered
Charter Number # # 1273
Date Established 1936
Assets $5,660.57 million
Loans $876.64 million
Deposits $5,092.89 million
Capital $655.67 million
 

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 - August 13, 2022

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
1.51% $2,500 $4,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
1.51% $1 $499 Learn MoreShow Less

Loan Rates - August 13, 2022

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Better.com
NMLS ID: 330511
5.325% 5.250% 0.88 $2,100 $1,381 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
4.851% 4.750% 0.75 $2,920 $1,305 Learn More
Morty, Inc.
NMLS ID: 1429243
4.697% 4.625% 0.88 $2,098 $1,286 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? 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:
Fairfield,Connecticut


State Farm Locations



Climate Initiatives

STATE FARM is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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
0.45% 4.75

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 March 31, 2022, State Farm had $2,979,047 in non-current loans and $0 in owned assets. To cover these potential losses it had $655,669,833 in net worth and $1,396,111 in loans loss reserves. That gives it a Texas Ratio of 0.45%.

Net Worth
State Farm U.S. Average
11.58% 12.28%

State Farm FCU has a net worth of 11.58% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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  • March 4, 2020

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