State Farm Federal Credit Union
Headquarters
One State Farm Plaza, Sa-1
Bloomington, IL 61710
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Phone 1-888-521-5209
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 19, 2024
Your Current Location: Ohio, OH 43085
| 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 More |
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
7.350% | 7.250% | 1.00 | $3,200 | $2,183 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: 1907 |
Learn More | |||||
NMLS ID: 491986 |
Learn More |
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 State Farm
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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:
Columbus,Ohio
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
Roy Sherman
March 4, 2020
Savings
Is this review helpful? Yes:0 / No: 0
Roy Sherman
March 4, 2020
Savings
Is this review helpful? Yes:0 / No: 0
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