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FARMERS INSURANCE GROUP FEDERAL CREDIT UNION

Mar, 31, 2021 — FARMERS INSURANCE GROUP FEDERAL CREDIT UNION is a federal credit union headquartered in Los Angeles, CA with 10 branch locations and about $1.32 billion in total assets. Opened 85 years ago in 1936, FARMERS INSURANCE GROUP FEDERAL CREDIT UNION has about 58,222 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:58,222
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,317,018,866
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 250,337,429
TOTAL INVESTMENTS 86,759,396
Loans Held for Sale 0
 
 Real Estate Loans 387,509,223
 Unsecured Loans 104,757,239
 Other Loans 452,690,751
 TOTAL LOANS 945,364,574
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,040,688
 Land And Building 0
 Other Fixed Assets 4,313,502
 NCUSIF Deposit 9,570,412
 All Other Assets 29,714,241
  TOTAL ASSETS 1,317,018,866
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 104,977,559
 Accounts Payable & Other Liabilities 13,123,181
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 235,504,195
 Regular shares 276,463,873
 All Other Shares & Deposits 563,021,917
  TOTAL SHARES & DEPOSITS 1,074,989,985
  TOTAL LIABILITIES 1,193,090,725
 Regular Reserve 16,966,743
 Other Reserves 16,788
 Undivided Earnings 106,944,610
  TOTAL EQUITY 123,928,141
  TOTAL LIABILITIES, SHARES, & EQUITY 1,317,018,866
INCOME & EXPENSE  
 Loan Income 14,219,538
 Investment Income 183,856
 Other Income 746,807
 Total Employee Compensation & Benefits 6,667,093
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,724,276
 Non-operating Income & (Expense) -2,659
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 834,000
 Cost of Funds 2,735,164
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,762,677
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