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Overview / Commentary
818-562-3400
P.O. Box 11419
Burbank, CA 91510

AFTRA-SAG Credit Union is headquartered in Burbank and is the 105th largest credit union in the state of California. It is also the 867th largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 48 employees and 24,630 members. AFTRA-SAG Credit Union has a B+ health rating.

Field of Membership Restrictions

To take advantage of Membership in AFTRA-SAG Federal Credit Union, you must be one of the following: * A member or employee of one of our Select Employment Groups * A retiree of one of our Select Employment Groups * An immediate family member or household member of one of the above. 'Immediate family member' means any spouse or significant other, child, sibling, parent, grandparent, grandchild; and also includes stepparents, stepchildren, stepsiblings and adoptive relationships. 'Household member' means persons living in the same residence and maintaining the same economic unit, such as a roommate. Keep in mind that even if your immediate family or household member who makes you eligible is not currently a member of the Credit Union, you are still able to join! - See Details

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Reviews (1)

Terrible Performance And Customer Service

Wrote a check to one of their members with an older WAMU check on my Chase account.  Have never had a problem with the older checks which are guaranteed by Chase.  The Sag clearinghouse said they could not find the account so the check was not honored and their member was charged a fee.  SAG refused to step up and take accountability for the mistake of the clearinghouse even tho I had Chase on the phone with me telling them it was a mistake.  Finally, I convinced them that if it wasn't my fault and it wasn't Chase's fault and it wasn't their member's fault, that thy should refund the fee, which they said they would do when their member called.

Given it was their clearinghouse's mistake and SAG should be taking it up with them, they would not just give the member the refund, it became that person's responsibility to call them to get the credit. 

Terrible customer service, head in the sand attitude, incompenence at every level.  I had to get on a conference call with Chase and fight with them for an hour.  BTW, it's still not all sorted out.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 AFTRA-SAG Credit Union had $1.5 million in non-current loans and owned real-estate with $18.53 million in equity and loan loss allowances on hand to cover it. This gives AFTRA-SAG Credit Union a Texas Ratio of 8.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for AFTRA-SAG Credit Union decreased dramatically from 18.98% as of March 31, 2013 to 8.10% as of March 31, 2014, resulting in a positive change of 57.32%.This indicates that the balance sheet and financial strength for AFTRA-SAG Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, AFTRA-SAG Credit Union has increased its total deposits by $8.4 million, resulting in 4.31% 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 AFTRA-SAG Credit Union has shown is excellent.

Capitalization

GRADE:
C

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. AFTRA-SAG Credit Union has $222.68 million in assets with $18.53 million in equity, resulting in a capitalization level of 8.32%, which is average.

Institution Statistics

Overall
NCUA #15317
Year Chartered1962
Employees48
Primary Regulator
Assets and Liabilities
Assets$222.68 million
Loans$78.61 million
Deposits$203.16 million
Equity Capital$16.66 million
Loan Loss Allowance$1.87 million
Unbacked Noncurrent Loans$1.50 million
Real Estate Owned$0
Historic Data - March 2013
Assets$213.77 million
Equity Capital$15.17 million
Loan Loss Allowance$2.44 million
Unbacked Noncurrent Loans$1.50 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.16%
Return on Assets0.24%
Return on Equity3.17%
Interest Income$1.28 million
Rates

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

AFTRA-SAG Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$250-Primary Savings
0.05%$250-Additional Savings
0.05%$50-IRA
0.05%$50-Roth IRA
0.05%$50-Coogan Savings
0.05%$50-Young Performer Savings
0.01%--Health Savings (HSA)

AFTRA-SAG Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%--Money Market

AFTRA-SAG Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%$1k-Performance Checking
0.01%--Young Performer Checking

AFTRA-SAG Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$10k-60 Month Coogan Certificate
1.00%$10k-60 Month Share Certificate
0.90%$10k-48 Month Coogan Certificate
0.90%$10k-48 Month Share Certificate
0.60%$10k-36 Month Coogan Certificate
0.60%$10k-36 Month Share Certificate
0.50%$10k-24 Month Coogan Certificate
0.50%$10k-24 Month Share Certificate
0.20%$10k-12 Month Coogan Certificate
0.20%$10k-12 Month Share Certificate
0.15%$10k-6 Month Coogan Certificate
0.15%$10k-6 Month Share Certificate

AFTRA-SAG Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$10k-60 Month IRA Certificate
0.90%$10k-48 Month IRA Certificate
0.60%$10k-36 Month IRA Certificate
0.50%$10k-24 Month IRA Certificate
0.20%$10k-12 Month IRA Certificate
0.15%$10k-6 Month IRA Certificate
Locations


AFTRA-SAG Credit Union Locations
Branch Office14118 Magnolia BlvdSherman Oaks, CA 91423-1119
Branch Office3820 W Riverside DrBurbank, CA 91505-4323
Branch Office5757 Wilshire Blvd Ste 925Los Angeles, CA 90036-7200
Branch Office134 N Kenwood StBurbank, CA 91505