Food Industries Credit Union

Rated star_ratedstar_ratedstar_rated_halfstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 2.5 out of 5

PO Box 7245, Springfield, OR 97475

Website

(541) 741-2605

Data Source: NCUA, December 31, 2016


Food Industries Credit Union was founded in 1963. Headquartered in Springfield, Oregon, Food Industries Credit Union is a state chartered and federally insured credit union, being chartered in Oregon and insured through the National Credit Union Share Insurance Fund (NCUSIF). Food Industries Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Food Industries Credit Union services 2,862 members through its 6 full-time employees. It has $23,802,094 of total assets and $5,222,320 of net worth. Based on its asset size and net worth ratio, Food Industries Credit Union is classified as a Well Capitalized medium small credit union.

Food Industries Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Food Industries Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Food Industries Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Oregon and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Oregon
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.0500
0.0500
0.1200
Money Market
0.0000
0.1500
0.2500
Certificate Deplit
0.9000
0.5200
0.5800
IRA
0.0500
0.2900
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Oregon
National Median Rates
Credit Cards
14.9000
9.9000
9.9900
Unsecured Line of Credits
14.9000
10.2700
10.9500
Short-term Small Amount
n/a
20.0000
25.0000
Student Loans
n/a
5.8700
6.0200
New Car Loans
3.9900
3.2150
3.3300
Used Car Loans
4.9900
3.7800
4.5000
1st Mortgage Real Estates
4.7500
4.3400
4.2500
Other Real Estates
5.7800
4.8750
4.7000

Food Industries Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet and ATMs. The table below lists the electronic banking services prlided by Food Industries Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
Yes
View Account History
Yes
No

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Main Office
3030 Gateway Loop
Springfield, OR 97477
Phone:541-741-2605

(541) 762-4604

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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