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Overview / Commentary
225 Placerville Drive
Placerville, CA 95667

49er Federal Credit Union is headquartered in Placerville and is the 213st largest credit union in the state of California. It is also the 2,417st largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 5 employees and 3,632 members. 49er Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Who Can Join? Anyone who lives, works, worships or attends school in El Dorado or Alpine County, California. If you meet this criteria and open an account with 49er Federal Credit Union, then your immediate family members are eligible to join 49er Federal Credit Union as well. - See Details

Reviews (1)

Beware The Hidden Fees

Beware of this credit union. They have a habit of taking money from your account, not telling you about it, and then claiming that when you want to take your money out of your account, not only do you not have it, but because you tried to take out more than what was in your account, you owe them hundreds of dollars. They are like any other big bank with only their own best interest in mind. They don't care about their customers or how they're treated or even how much money you've put into their bank over the years. When push comes to shove, you're just a piece of meat to these guys. Despicable.


Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. 49er Federal Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 49er Federal Credit Union had $1.66 million in non-current loans and owned real-estate with $7.18 million in equity and loan loss allowances on hand to cover it. This gives 49er Federal Credit Union a Texas Ratio of 23.14% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for 49er Federal Credit Union increased slightly from 12.24% as of December 31, 2012 to 23.14% as of December 31, 2013, resulting in a negative change of 89.13%. This indicates that the balance sheet and financial strength for 49er Federal Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, 49er Federal Credit Union has increased its total deposits by $557,000, resulting in 1.54% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 49er Federal Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 49er Federal Credit Union has $44.5 million in assets with $7.18 million in equity, resulting in a capitalization level of 16.14%, which is excellent.

Institution Statistics

NCUA #16045
Year Chartered1964
Primary Regulator
Assets and Liabilities
Assets$44.51 million
Loans$17.35 million
Deposits$36.67 million
Equity Capital$6.45 million
Loan Loss Allowance$728,000
Unbacked Noncurrent Loans$1.28 million
Real Estate Owned$380,000
Historic Data - December 2012
Assets$44.03 million
Equity Capital$6.70 million
Loan Loss Allowance$628,000
Unbacked Noncurrent Loans$1.28 million
Real Estate Owned$380,000
Profit Margin - Quarterly
Net Interest Margin5.67%
Return on Assets-0.54%
Return on Equity-3.75%
Interest Income$1.10 million

Always verify rates and promotions with the bank or credit union. We are not 49er Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

49er Federal Credit Union Savings Account Rates

0.30%$20k-IRA Accounts
0.30%$20k-Roth IRA Accounts
0.30%$20k-Education IRA Accounts
0.05%$100-Regular Shares
0.05%$100-Christmas Club

49er Federal Credit Union Money Market Rates

0.30%$100k-Money Market

49er Federal Credit Union Checking Account Rates


49er Federal Credit Union CD Rates

0.35%$20k-3 Year Jumbo Share Certificate
0.30%$1k-3 Year Share Certificate
0.25%$1k-2 Year Share Certificate
0.25%$20k-2 Year Jumbo Share Certificate
0.20%$1k-1 Year Share Certificate
0.20%$20k-1 Year Jumbo Share Certificate
0.15%$20k-6 Month Jumbo Share Certificate
0.10%$1k-6 Month Share Certificate
0.10%$20k-30 Day Jumbo Share Certificate
0.10%$20k-60 Day Jumbo Share Certificate
0.10%$20k-90 Day Jumbo Share Certificate

49er Federal Credit Union Locations
Branch Office225 Placerville DrPlacerville, CA 95667-3911
Branch Office225 Placerville DrPlacerville, CA 95667