The Farmers Insurance Group Federal Credit Union (FIGFCU) offers a wide range of competitive banking and lending services catering to select employee groups affiliated with insurance industry firms as well as family member eligibility. FIGFCU provides robust capabilities helping customers conveniently manage money while achieving financial goals.
As a member-owned, federally regulated not-for-profit financial cooperative, FIGFCU continually re-invests profits back towards improving interest rates paid and technology solutions benefiting all account holders directly.
FIGFCU Membership Eligibility
To open FIGFCU accounts and utilize offerings, qualifying under one of the following eligible member categories is required by the National Credit Union Administration (NCUA):
- Farmers Insurance Employees & Retirees: Includes current and retired staff working for Farmers business entities like Farmers Insurance, Foremost Insurance, Bristol West Insurance and 21st Century subsidiaries across all US territories. Proof of employment gets requested.
- American Farmers & Ranchers Mutual Insurance Company: Current/former employees and retiree pension recipients qualify for FIGFCU membership. Business proof also required for eligibility verification.
- Select Employee Family: Once becoming members themselves, Farmers Insurance and partner company employees can sponsor immediate family to establish affiliated FIGFCU accounts. This includes relationships like parents, children, siblings and spouses. Supporting documentation confirming family connections must be presented.
FIGFCU field of membership adheres to precise NCUA regulations unlike commercial bank competitors allowing open access to anyone. Credit unions require establishedmember qualification criteria ensuring organized benefit alignment.
FIGFCU Products & Services
Farmers Insurance Group Federal Credit Union provides extensive offerings including:
Savings & Checking Accounts – Including monthly dividend-earning share savings, high-yield money market accounts, free checking accounts, and holiday club/summer savings programs to grow deposits.
Certificates of Deposit (CDs) – FIGFCU offers competitive standard and jumbo CDs with variety term lengths from 3 months up to 5 years allowing customers to earn guaranteed fixed interest on deposit principal amounts.
IRAs (Individual Retirement Accounts) – Tax-advantaged retirement savings accounts available include Traditional IRAs, Roth IRAs, SEP IRAs and Coverdell Education Savings accounts helping members save for the future while optimizing taxes owed.
Auto, Mortgage and Personal Loans – FIGFCU offers great low rates on auto financing, flexible real estate mortgages and personal installment loans required helping members to reach financial goals and navigate life needs at affordable repayment levels.
Insurance Services – FIGFCU provides affordable options helping members protect assets via TruStage insurance solutions covering needs like auto/home, AD&D, life, disability, critical illness plus identity theft and debt protection services.
Digital Banking Solutions – Member convenient services encompass 24/7 account access via online and mobile banking, smartphone deposit capture, account alerts via text/email, online loan applications, peer-to-peer transfers and Apple/Google/Samsung Pay.
Credit union not-for-profit structuring allows Farmers Insurance Group Federal Credit Union leadership making decisions focused purely on improving how banking resources best support eligible members rather than prioritizing maximizing shareholder dividends like large commercial bank Wall Street models. The member-first emphasis delivers significant advantages consumers appreciate.
Joining Farmers Insurance Group Federal Credit Union
Visit the official FIGFCU website at www.figfcu.com to browse current product details further as eligibility allows. Membership applications to open accounts get submitted online which then undergo standard identity verification and qualification review before final approval decisions. Support teams assist the process start-to-finish for smooth onboarding.
Representatives also provide guided information to help determine precisely which FIGFCU solutions align optimally to individual situational needs among the wide range available. Contact member services for personal consultations regarding application status, membership eligibility troubleshooting or product guidance at 800-877-2345.