State Farm Federal Credit Union

Headquarters

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

Notable Rates	APY	Vs.Others
Savings	4.34%	5.50% →
1-Year CD	N.A.	4.59% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Membership
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

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 $4297.83 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	$4,297.83 million
Loans	$1,053.51 million
Deposits	$3,651.53 million
Capital	$690.44 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 - December 30, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates)	APY	MIN	MAX
SAV	4.34%	$0	-	Learn More Reviews

Variable IRA Rates	APY	MIN	MAX
VIRA	4.34%	$0	-	Learn MoreShow Less

Loan Rates - December 30, 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	7.325%	7.250%	0.75	$2,400	$2,183	Learn More
NMLS ID: Not a Lender						Learn More
NMLS ID: 491986						Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

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:
Columbus,Ohio

State Farm Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Newark	29.64	A	View Lobby Hours
Michigan (Kalamazoo)	207.76	B	View Lobby Hours
Indiana	211.06	C	View Lobby Hours
Charlottesville	275.81	D	View Lobby Hours
Frederick	299.12	E	View Lobby Hours
Illinois	317.46	F	View Lobby Hours
Corporate	317.66	G	View Lobby Hours
Corporate South	317.68	H	View Lobby Hours
Murfreesbo	333.51	I	View Lobby Hours
Concordville	395.04	J	View Lobby Hours
Atlanta	412.22	K	View Lobby Hours
Birmingham	493.21	L	View Lobby Hours
Columbia	500.25	M	View Lobby Hours
Ballston Spa	529.51	N	View Lobby Hours
Heartland	723.46	O	View Lobby Hours
Tulsa	731.02	P	View Lobby Hours
Winter Haven	830.95	Q	View Lobby Hours
Dallas	876.08	R	View Lobby Hours
Austin	1020.98	S	View Lobby Hours
Greeley	1158.96	T	View Lobby Hours
Tempe	1600.64	U	View Lobby Hours
Bakersfield	1940.37	V	View Lobby Hours
DuPont	2157.76	W	View Lobby Hours

View Branches Nationwide →

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
0.54%	5.83

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 June 30, 2024, State Farm had $3,762,217 in non-current loans and $0 in owned assets. To cover these potential losses it had $690,440,065 in net worth and $812,353 in loans loss reserves. That gives it a Texas Ratio of 0.54%.

Net Worth

State Farm	U.S. Average
16.05%	13.93%

State Farm FCU has a net worth of 16.05% versus the BestCashCow average of 13.93. 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 Rates

Savings

Is this review helpful? Yes:0 / No: 0
Roy Sherman

March 4, 2020

Savings Rates

Savings

Is this review helpful? Yes:0 / No: 0