California Bear Credit Union is headquartered in LOS ANGELES and is the 150th largest credit union in the state of California. It is also the 1,462nd largest credit union in the nation. It was established in 1933 and as of September of 2013, it had grown to 22 employees and 12,511 members. California Bear Credit Union has a B+ health rating.
Must be an employee of the State of California or several other sponsor companies. - See Details
You can never get to a live person unless you go thru the phone recording maze, No Saturday hours for those who work and are not able to make it to the few branches in the Downrown area....this Credit Union sucks!
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 September 30, 2013 California Bear Credit Union had $649,000 in non-current loans and owned real-estate with $8 million in equity and loan loss allowances on hand to cover it. This gives California Bear Credit Union a Texas Ratio of 8.11% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for California Bear Credit Union decreased dramatically from 46.83% as of September 30, 2012 to 8.11% as of September 30, 2013, resulting in a positive change of 82.68%.This indicates that the balance sheet and financial strength for California Bear Credit Union has improved dramatically in recent periods.
In the past year, California Bear Credit Union has increased its total deposits by $98,000, resulting in 0.1% 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 California Bear 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. California Bear Credit Union has $103.62 million in assets with $8 million in equity, resulting in a capitalization level of 7.72%, which is below average.
|Assets and Liabilities|
|Equity Capital||$7.12 million|
|Loan Loss Allowance||$881,000|
|Unbacked Noncurrent Loans||$649,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$6.94 million|
|Loan Loss Allowance||$1.80 million|
|Unbacked Noncurrent Loans||$649,000|
|Real Estate Owned||$301,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.77%|
|Return on Assets||0.4%|
|Return on Equity||5.84%|
|Interest Income||$2.40 million|
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|0.15%||$50k||-||Holiday Club Account|
|0.15%||$50k||-||Vacation Club Account|
|0.10%||-||-||IRA Share Account|
|0.10%||-||-||Roth IRA Share Account|
|0.20%||$50k||-||High Rate Money Market Account|
|0.05%||-||-||Premium Checking Account|
|0.05%||-||-||Student Checking Account|
|0.05%||-||-||Silver Bear Checking Account|
|1.18%||$1k||-||60 Month Share Certificate|
|0.95%||$1k||-||48 Month Share Certificate|
|0.65%||$1k||-||36 Month Share Certificate|
|0.40%||$1k||-||24 Month Share Certificate|
|0.25%||$1k||-||12 Month Share Certificate|
|0.16%||$1k||-||6 Month Share Certificate|
|0.12%||$1k||-||3 Month Share Certificate|
|0.07%||$1k||-||30 Day Share Certificate|
|1.18%||$1k||-||60 Month IRA Certificate|
|1.18%||$1k||-||60 Month Roth IRA Certificate|
|0.95%||$1k||-||48 Month IRA Certificate|
|0.95%||$1k||-||48 Month Roth IRA Certificate|
|0.65%||$1k||-||36 Month IRA Certificate|
|0.65%||$1k||-||36 Month Roth IRA Certificate|
|0.40%||$1k||-||24 Month IRA Certificate|
|0.40%||$1k||-||24 Month Roth IRA Certificate|
|0.25%||$1k||-||12 Month IRA Certificate|
|0.25%||$1k||-||12 Month Roth IRA Certificate|
|California Bear Credit Union Locations|
|Branch Office||100 S Main St Suite 110||Los Angeles, CA 90012|
|Branch Office||300 S Spring St Suite 1215||Los Angeles, CA 90013|
|Branch Office||350 S Figueroa St Ste 180||Los Angeles, CA 90071|