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 3.30% 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

State Farm is an NCUA insured institution located in Bloomington, IL. It was founded in 1936 and has approximately $4334.14 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 $4,334.14 million
Loans $1,065.62 million
Deposits $3,712.11 million
Capital $675.47 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 - April 18, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
SAV
3.30% $0 - Learn More

Variable IRA Rates APY MIN MAX
VIRA
3.30% $0 - Learn MoreShow Less

Loan Rates - April 18, 2024

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 2024

Lender APR Rate (%) Points Fees Monthly
Payment
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PenFed Credit Union
NMLS ID: 401822
6.806% 6.625% 0.88 $6,000 $2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
Neighbors Bank
NMLS ID: 491986
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Veterans United Home Loans
NMLS ID: 1907
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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

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



Climate Policy and 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.


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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
0.66% 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, State Farm had $4,442,358 in non-current loans and $0 in owned assets. To cover these potential losses it had $675,470,651 in net worth and $812,353 in loans loss reserves. That gives it a Texas Ratio of 0.66%.

Net Worth
State Farm U.S. Average
15.57% 13.62%

State Farm FCU has a net worth of 15.57% 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 State Farm


  • March 4, 2020

    Savings Rates

    Savings

  • March 4, 2020

    Savings Rates

    Savings


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