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800-334-8788
701 N BRAND BLVD
GLENDALE, CA 91203-1295

California Credit Union exists to serve teachers and other education professionals by providing personal and business banking solutions to meet various needs. It has grown to be one of the largest credit unions in Southern California, serving tens of thousands of members through multiple branches located in the vicinity of Los Angeles.

California Credit Union makes a variety of personal and business banking products and services available to its members. On its personal banking side it offers checking, savings, money market, CD, and IRA CD accounts. It offers a checking account that comes with ATM reimbursements and a check card. CCU also offers savings and money market accounts to give members the opportunity to earn higher interest rates based on the level of their account balance. CCU’s share certificates are offered with term lengths from 3 to 60 months.

California Credit Union online banking is free and offers members access to mobile banking and bill pay. It also offers unique financial management tools that allow its members to manage budgets and set bill reminders.

California Credit Union began in 1933 when a group of teachers and administrators established a charter for the Los Angeles Teachers Credit Union. It is headquartered in Glendale, California, just outside of Los Angeles. It became federally insured in 1971.

Field of Membership Restrictions

Who Can Join: Any public or private school employee*; Los Angeles County Office Employees (LACOE); Any California Retired Teachers Association PERS member; Any senior-year teaching student. *Current or retired employee of LAUSD, Other USD, LACCD, UC, CSU, Other California college or California public or private school. You also qualify for membership if you are a/an: Immediate relative of a California Credit Union member; Parent Teacher Association or Parent Teacher Student Association member*, Public television contributor, Alumni association member, America Scouting member, Student body member of California school. *Not a PTA/PTSA member? We'll sign you up at any of our local branches! - See Details

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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 California Credit Union had $10.03 million in non-current loans and owned real-estate with $119.16 million in equity and loan loss allowances on hand to cover it. This gives California Credit Union a Texas Ratio of 8.42% 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 California Credit Union decreased dramatically from 17.50% as of March 31, 2013 to 8.42% as of March 31, 2014, resulting in a positive change of 51.88%.This indicates that the balance sheet and financial strength for California Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, California Credit Union has increased its total deposits by $12.38 million, resulting in 1.24% 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 Credit Union has shown is above average.

Capitalization

GRADE:
B

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 Credit Union has $1.21 billion in assets with $119.16 million in equity, resulting in a capitalization level of 9.86%, which is above average.

Institution Statistics

Overall
NCUA #60784
Year Chartered1933
Employees234
Primary Regulator
Assets and Liabilities
Assets$1.21 billion
Loans$767.98 million
Deposits$1.01 billion
Equity Capital$107.66 million
Loan Loss Allowance$11.50 million
Unbacked Noncurrent Loans$9.27 million
Real Estate Owned$766,000
Historic Data - March 2013
Assets$1.11 billion
Equity Capital$91.40 million
Loan Loss Allowance$21.86 million
Unbacked Noncurrent Loans$9.27 million
Real Estate Owned$1.56 million
Profit Margin - Quarterly
Return on Assets1.01%
Return on Equity11.34%
Interest Income$9.74 million
Rates
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California Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$300-Summer Savings
0.10%$300-Club Accounts
0.10%$50-IRA Savings Account
0.10%$50-Roth IRA Savings Account
0.05%$300-Share Savings Accounts

California Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Accounts

California Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.95%$1k-60-Month Max Saver Share Certificate
1.15%$1k-36-Month Max Saver Share Certificate
0.90%$1k-24-Month Super Saver Share Certificate
0.85%$1k-18-Month Super Saver Share Certificate
0.80%$1k-12-Month Elite Saver Share Certificate
0.80%$10k$100m25-Month Accelerator Share Certificate
0.45%$1k-6-Month Flex Saver Share Certificate
0.15%$1k-3-Month Flex Saver Share Certificate

California Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.95%$1k-60-Month Max Saver IRA Certificate
1.15%$1k-36-Month Max Saver IRA Certificate
0.90%$1k-24-Month Super Saver IRA Certificate
0.85%$1k-18-Month Super Saver IRA Certificate
0.80%$1k-12-Month Elite Saver IRA Certificate
0.80%$10k$100m25-Month Accelerator IRA Certificate
0.45%$1k-6-Month Flex Saver IRA Certificate
0.15%$1k-3-Month Flex Saver IRA Certificate
Locations

California Credit Union has 13 locations. Click to view all California Credit Union locations.