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FARMERS INSURANCE GROUP FEDERAL CREDIT UNION

Dec, 31, 2020 — FARMERS INSURANCE GROUP FEDERAL CREDIT UNION is a federal credit union headquartered in Los Angeles, CA with 10 branch locations and about $1.23 billion in total assets. Opened 85 years ago in 1936, FARMERS INSURANCE GROUP FEDERAL CREDIT UNION has about 57,534 members and employs 198 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322077795
Name:FARMERS INSURANCE GROUP FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 36911
Los Angeles, CA 90036
Phone:(800) 877-2345
Fax:(323) 549-0272
Website:http://www.figfcu.com
Branches:10 branch locations
Members:57,534
Credit Union Type:Federal Credit Union
Charter Number:1074
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$1,225,674,531
CEO/Manager:Laura Campbell
Chairperson:Linda Sanazaro

Call Report

  • Commercial Loans
  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 56,798,741
TOTAL INVESTMENTS 177,444,794
Loans Held for Sale 0
 
 Real Estate Loans 394,809,682
 Unsecured Loans 108,592,616
 Other Loans 454,975,047
 TOTAL LOANS 958,797,348
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,047,780
 Land And Building 0
 Other Fixed Assets 4,616,081
 NCUSIF Deposit 9,570,447
 All Other Assets 27,494,900
  TOTAL ASSETS 1,225,674,531
LIABILITIES & CAPITAL:  
 Dividends Payable 3
 Notes & Interest Payable 105,128,986
 Accounts Payable & Other Liabilities 9,632,231
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 205,608,240
 Regular shares 237,271,564
 All Other Shares & Deposits 545,801,844
  TOTAL SHARES & DEPOSITS 988,681,648
  TOTAL LIABILITIES 1,103,442,868
 Regular Reserve 16,966,743
 Other Reserves 13,520
 Undivided Earnings 105,251,400
  TOTAL EQUITY 122,231,663
  TOTAL LIABILITIES, SHARES, & EQUITY 1,225,674,531
INCOME & EXPENSE  
 Loan Income 55,091,398
 Investment Income 2,204,961
 Other Income 5,653,658
 Total Employee Compensation & Benefits 22,214,905
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,404,051
 Non-operating Income & (Expense) -16,415
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,525,121
 Cost of Funds 13,409,955
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,379,570
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