Cabrillo Credit Union
Cabrillo Credit Union is headquartered in San Diego and is the 109th largest credit union in the state of California. It is also the 894th largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 53 employees and 24,621 members. Cabrillo Credit Union has a A+ health rating.
Field of Membership Restrictions
Must live or work in San Diego County. Also open to Federal government employees who live or work in San Diego or Imperial County. - See Details
Data for Q4 2013
Institution Health
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 Cabrillo Credit Union had $365,000 in non-current loans and owned real-estate with $24.68 million in equity and loan loss allowances on hand to cover it. This gives Cabrillo Credit Union a Texas Ratio of 1.48% 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 Cabrillo Credit Union held steady from 1.49% as of December 31, 2012 to 1.48% as of December 31, 2013, resulting in a positive change of 0.70%.This indicates that the balance sheet and financial strength for Cabrillo Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Cabrillo Credit Union has increased its total deposits by $8.9 million, resulting in 5.17% 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 Cabrillo Credit Union has shown is excellent.
Capitalization
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. Cabrillo Credit Union has $206.76 million in assets with $24.68 million in equity, resulting in a capitalization level of 11.93%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 68409 |
| Year Chartered | 1955 |
| Employees | 53 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $206.76 million |
| Loans | $116.56 million |
| Deposits | $181.07 million |
| Equity Capital | $23.64 million |
| Loan Loss Allowance | $1.04 million |
| Unbacked Noncurrent Loans | $365,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $195.84 million |
| Equity Capital | $21.46 million |
| Loan Loss Allowance | $1.50 million |
| Unbacked Noncurrent Loans | $365,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.64% |
| Return on Assets | 1.06% |
| Return on Equity | 9.23% |
| Interest Income | $7.38 million |
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Cabrillo Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.12% | - | - | Savings Account | |
| 0.12% | - | - | Young Explorers Account | |
| 0.12% | - | - | SOCAL Account | |
| 0.12% | - | - | Holiday Club Account |
Cabrillo Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $50k | - | Money Market Account |
Cabrillo Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $10k | - | Advantage Checking | |
| 0.05% | - | - | Big Easy Checking | |
| 0.05% | $10k | - | SOCAL Checking |
Cabrillo Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.41% | $10k | - | 60 Month Share Certificate | |
| 1.31% | $10k | - | 48-59 Month Share Certificate | |
| 1.00% | $10k | - | 36-47 Month Share Certificate | |
| 0.50% | $10k | - | 24-35 Month Share Certificate | |
| 0.40% | $10k | - | 18-23 Month Share Certificate | |
| 0.35% | $10k | - | 12-17 Month Share Certificate | |
| 0.35% | $10k | - | 18 Month Bump Rate Certificate | |
| 0.25% | $10k | - | 6-11 Month Share Certificate | |
| 0.15% | $1k | - | 6 Month Expedition Certificate | |
| 0.15% | $2k | - | 3-5 Month Share Certificate | |
| 0.15% | $500 | - | 12 Month SOCAL Certificate |
Cabrillo Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.41% | $10k | - | 60 Month IRA Certificate (Traditional,Roth) | |
| 1.31% | $10k | - | 48-59 Month IRA Certificate (Traditional,Roth) | |
| 1.00% | $10k | - | 36-47 Month IRA Certificate (Traditional,Roth) | |
| 0.50% | $10k | - | 24-35 Month IRA Certificate (Traditional,Roth) | |
| 0.40% | $10k | - | 18-23 Month IRA Certificate (Traditional,Roth) | |
| 0.35% | $10k | - | 12-17 Month IRA Certificate (Traditional,Roth) | |
| 0.25% | $10k | - | 6-11 Month IRA Certificate (Traditional,Roth) | |
| 0.15% | $2k | - | 3-5 Month IRA Certificate (Traditional,Roth) |
| Cabrillo Credit Union Locations | ||
|---|---|---|
| Branch Office | 7900 El Cajon Blvd Ste B | La Mesa, CA 91942 |
| Branch Office | 1265 Carlsbad Village Dr Ste 210 | Carlsbad, CA 92008-1972 |
| Branch Office | 880 Front St | San Diego, CA 92101-8897 |
| Branch Office | 358 E H ST Ste 603 | Chula Vista, CA 91910-7565 |
| Branch Office | 10075 Carroll Canyon Rd | San Diego, CA 92131 |