Cbc Credit Union is headquartered in Oxnard and is the 80th largest credit union in the state of California. It is also the 540th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 82 employees and 21,820 members. Cbc Credit Union has a A health rating.
Membership is open to anyone who lives, works, worships or attends school in Ventura County, California. - See Details
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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 Cbc Credit Union had $536,000 in non-current loans and owned real-estate with $40.6 million in equity and loan loss allowances on hand to cover it. This gives Cbc Credit Union a Texas Ratio of 1.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Cbc Credit Union decreased dramatically from 3.27% as of March 31, 2013 to 1.32% as of March 31, 2014, resulting in a positive change of 59.57%.This indicates that the balance sheet and financial strength for Cbc Credit Union has improved dramatically in recent periods.
In the past year, Cbc Credit Union has decreased its total deposits by -$2.57 million, resulting in -0.7% 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 Cbc Credit Union has shown is 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. Cbc Credit Union has $406.19 million in assets with $40.6 million in equity, resulting in a capitalization level of 10.00%, which is above average.
|Assets and Liabilities|
|Equity Capital||$39.35 million|
|Loan Loss Allowance||$1.25 million|
|Unbacked Noncurrent Loans||$536,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$38.98 million|
|Loan Loss Allowance||$2.86 million|
|Unbacked Noncurrent Loans||$536,000|
|Real Estate Owned||$240,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.06%|
|Return on Assets||0.34%|
|Return on Equity||3.52%|
|Interest Income||$3.33 million|
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|0.20%||$100k||-||Health Savings Account|
|0.03%||$100||-||Holiday Savings Account|
|0.03%||$100||-||IRA Savings Account|
|0.03%||$100||-||Roth IRA Savings Account|
|0.03%||$100||-||CESA Savings Account|
|0.20%||$100k||-||Insured Money Market Rate Account|
|1.10%||$500||-||5 Year Share Certificate|
|0.85%||$500||-||4 Year Share Certificate|
|0.75%||$500||-||3 Year Share Certificate|
|0.40%||$500||-||2 Year Share Certificate|
|0.25%||$500||-||1 Year Share Certificate|
|0.25%||$100||-||1 Year SmartSaver Share Certificate|
|0.20%||$500||-||6 Month Share Certificate|
|1.10%||$500||-||5 Year IRA Certificate|
|0.85%||$500||-||4 Year IRA Certificate|
|0.75%||$500||-||3 Year IRA Certificate|
|0.40%||$500||-||2 Year IRA Certificate|
|0.25%||$500||-||1 Year IRA Certificate|
|0.25%||$100||-||1 Year SmartSaver IRA Certificate|
|0.20%||$500||-||6 Month IRA Certificate|
|Cbc Credit Union Locations|
|Branch Office||300 Arneill Rd||Camarillo, CA 93010|
|Branch Office||2151 E Gonzales Rd||Oxnard, CA 93036-3704|
|Branch Office||140 23rd Ave STE 1336||Port Hueneme, CA 93043|
|Branch Office||353 Mugu Rd||Point Mugu NAWC, CA 93042|
|Branch Office||2100 E Thousand Oaks Blvd Ste A||Thousand Oaks, CA 91362|
|Branch Office||3700 Dean Dr||Ventura, CA 93003|
|Branch Office||1772 E Avenida De Los Arboles Ste E||Thousand Oaks, CA 91362-6104|