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865 Amena Court
Chula Vista, CA 91910

Balboa Thrift and Loan Association is headquartered in Chula Vista and is the 140th largest bank in the state of California. It is also the 3,006th largest bank in the nation. It was established in 1980 and as of March of 2014, it had grown to 85 employees at 4 locations. Balboa Thrift and Loan Association has a A health rating.

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Reviews (6)

Worst Bank EVER!!!!

If I could give Balboa Thrift & Loan less than 1 star I would. BY FAR the worst bank ever. Hector Godoy who is one of the managers, should NOT be working for a bank or anywhere else!!!! He is rude, unprofessional, aggresive, arrogant, inconsiderate and a loud mouth jerk!!! He would not listen to me or let me speak. He barked orders at me and told me that he did not care. He should be fired and Balboa Thrift & Loan should be more careful with who they hire. DO NOT express any interest in this bank. They do not value a customer at all. Go elsewhere.

Can't Pay Your Loan Without Paying A Fee

This company MAKES you pay your bill through a fee for payment company.  They offer no website or phone number to pay without paying the $9.00 fee.  The $9.00 is still less than the late fee. I resent having to pay a fee to give a bank my money.

Rude As Hell!

I sure wish I can find that corn cob and pull out of that ladies but, I have never been treated so poorly by a company in my life! I'm selling my car just so I wont have to deal with them anymore!

All I Can Say Is "Wow"

Ya know. I don't think I ever heard of a legitimate company operating this way. Especially for too long. I been readin up on them, and it looks t'me like they're some kind of idiot fanatics. Why hasn't someone turned them in? Glad to find so many negative reviews, it will save me a heart attack, I'm sure by the sound of it. Kudos to the brave soldiers to keep this company profile updated. It takes a lot of moxie to step up and say, oh by the way. These freakin jerks should be put out of business. I will probably be treated worse for saying so, but this company is nothing but a pimp lookin for hoes. Don't be one, just turn a'roun and walk away. Ya don't need a car that bad now do ya? Take the bus, it saves the planet anyway. The things I am reading on all the sites just make me sick. Try googling "Balboa Thrift and Loan Reviews" and help spread the word. These turds should be ashamed o' themselves. Do your part and tell everyone. Balboa Thrift and Loan is the worst, and they should be put out of business. Sell the loans to Wells Fargo, Chase or some other bank. A REAL bank. Not this third world clown factory.

How Do They Stay In Business???

Simply put-this is the absolute worst bank/organization I have ever known. DO NOT ATTEMPT TO WORK WITH THIS BANK OR IT'S DEALINGS. You have been forewarned.

The Worst Bank Ever

this company never want to work with you. they shouldnt even be a bank. hector and mike do not like to work with you. they have train thier poeple to be rude as hell and over talk you. they say they are calling you and then find out they had drop calls each time but they count that as being able to get a hold of you. i would say DONT get a car though them.


Data for Q1 2014

Institution Health


Texas Ratio


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 Balboa Thrift and Loan Association had $1.48 million in non-current loans and owned real-estate with $35.85 million in equity and loan loss allowances on hand to cover it. This gives Balboa Thrift and Loan Association a Texas Ratio of 4.11% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Balboa Thrift and Loan Association decreased dramatically from 6.76% as of March 31, 2013 to 4.11% as of March 31, 2014, resulting in a positive change of 39.11%.This indicates that the balance sheet and financial strength for Balboa Thrift and Loan Association has improved dramatically in recent periods.

Deposit Growth


In the past year, Balboa Thrift and Loan Association has increased its total deposits by $428,000, resulting in 0.25% 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 Balboa Thrift and Loan Association 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. Balboa Thrift and Loan Association has $204.93 million in assets with $35.85 million in equity, resulting in a capitalization level of 17.50%, which is excellent.

Institution Statistics

FDIC Certificate #26704
Year Established1980
Primary RegulatorFDIC
Assets and Liabilities
Assets$204.93 million
Loans$184.88 million
Deposits$171.02 million
Equity Capital$32.92 million
Loan Loss Allowance$2.93 million
Unbacked Noncurrent Loans$1.25 million
Real Estate Owned$225,000
Historic Data - March 2013
Assets$201.67 million
Equity Capital$30.00 million
Loan Loss Allowance$3.56 million
Unbacked Noncurrent Loans$1.25 million
Real Estate Owned$595,000
Profit Margin - Quarterly
Net Interest Margin9.07%
Return on Assets1.2%
Return on Equity7.51%
Interest Income$4.76 million
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Balboa Thrift and Loan Association Savings Account Rates

0.35%$25k-Personal Tiered Statement Account
0.35%$25k-Business Tiered Statement Account

Balboa Thrift and Loan Association CD Rates

1.51%$10k-60 Month CD
1.51%$10k-60 Month Business CD
1.26%$10k-48 Month CD
1.26%$10k-48 Month Business CD
1.11%$10k-36 Month CD
1.11%$10k-36 Month Business CD
0.95%$10k-24 Month CD
0.95%$10k-24 Month Business CD
0.75%$10k-12 Month CD
0.75%$10k-18 Month CD
0.75%$10k-12 Month Business CD
0.75%$10k-18 Month Business CD
0.35%$10k-6 Month CD
0.35%$10k-9 Month CD
0.35%$10k-6 Month Business CD
0.35%$10k-9 Month Business CD
0.25%$10k-3 Month CD
0.25%$10k-3 Month Business CD

Balboa Thrift and Loan Association Locations
Claremont Branch306 Yale AvenueClaremont, CA 91711
Fresno Branch7060 N. Marks Avenue, Suite 107Fresno, CA 93711
LA Quinta Branch79-440 Corporate Center, Suite 105LA Quinta, CA 92253
Balboa Thrift and Loan Association865 Amena CourtChula Vista, CA 91910