A credit union is a not-for-profit, cooperative financial institution that is both owned and controlled by its members, with each member having an equal vote and the opportunity to serve on the board of directors. Organized to serve, democratically controlled credit unions provide their members with a safe place to save and borrow at reasonable rates. Members pool their funds to make loans to one another. Not for profit, not for charity, but for service is a credit union motto.

Many credit unions like Farmers Insurance Group Federal Credit Union are federally regulated by the NCUA, the National Credit Union Administration, a federal government agency. This means your deposits are insured by the federal government up to $100,000 per member. To learn more about NCUSIF (National Credit Union Share Insurance Fund) coverage, click here.

The Credit Union Difference
Many credit unions like Farmers Insurance Group Federal Credit Union are full service financial institutions. That means we offer the same products and services you typically see at other banks, but with one big difference, as a member owner, you get more!

That's because whatever the credit union earns from its members are returned back to the membership in the form of higher savings rates, lower loan rates, lower fees, better service and greater security.

FIGFCU
The Farmers Insurance Group Federal Credit Union was originally started in 1936. From humble beginnings in California, the Credit Union has grown to over a half-billion dollars in assets with a top rating from the NCUA for over 9 consecutive years. FIGFCU currently serves over 35,000 members with 17 offices in 12 states.