Credit union · NCUA insured
Downey Federal Credit Union
Top CarrotA $331.2M credit union headquartered in Downey, CA, with 19,401 members and 2 branches in California. Best rates: CDs 2.50% and savings 2.00% APY.
Downey Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 97% of U.S. banks and credit unions
#3 of 128 in Los Angeles, CA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Downey Federal Credit Union
Founded in July 1957 by eight Downey Union High School District employees as Downey School Employees Federal Credit Union, Downey Federal Credit Union is a member-owned financial institution.
The credit union merged with Downey Community Hospital Federal Credit Union in 1974 and transitioned to a community charter in 2000.
Downey Federal Credit Union serves community members and their families across fourteen cities in California, including Downey, Bell, Compton, Lynwood, and South Gate.
- Headquarters
- 8237 3rd St, Downey, CA 90241-3718
- NCUA charter
- 11870
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to individuals who live, work, worship, or go to school in Bell, Bell Gardens, Bellflower, Compton (including East Compton), Cudahy, Downey, Huntington Park, Lynwood, Norwalk, Paramount, Pico Rivera, Santa Fe Springs, or South Gate, CA.
Family and household
- Membership is open to immediate family members of current DowneyFCU members, including siblings, parents, grandparents, spouses, children, or grandchildren.
Cost to join
- Members must open a Savings Account with a minimum deposit of $5 to maintain the $5 par value share.
- New members must pay a one-time membership fee of $7, of which $5 is donated directly to a local charity.
Branches
2 branches in California
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California
2 branches
- Main BranchMain office8237 3rd St, Downey, CA 90241Directions
- Bell Office6239 Atlantic Ave Unit 22, Bell, CA 90201Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 8.80% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.52% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.32% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $65 | $76 | — |
- CapitalNet worth ratio8.80%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.52%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.32%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$65Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Downey Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.