3 star ratingAverage User Rating:
3 star rating based on 2 reviews.

Chaffey Federal Credit Union

Chaffey Federal Credit Union Locations
410 N Lemon St
Ontario, CA 91764
909-986-4552
www.chaffey.com

NCUA

Chaffey Federal Credit Union is headquartered in Ontario and is the 150th largest credit union in the state of California. It is also the 1,449th largest credit union in the nation. It was established in 1964 and as of December of 2012, it had grown to 46 employees and 12,663 members. Chaffey Federal Credit Union has a 4-star health rating.

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Competitive 5-Year CD and IRA CD Rates at Chaffey FCU in California - Limited Membership - 7/15/2010

Chaffey Federal Credit Union is offering very competitive 5-year CD and IRA CD rates. The best CD rate is 3.49% APY for a $10,000 minimum deposit. The IRA CD rate is even better with a 3.55% APY for a ...



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See Rates for: Savings | Money Market | CD | IRA

Chaffey Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.15%$5k-Regular Savings - W/ Platinum Member Relationship Rewards
0.15%$5k-Christmas Club - W/ Platinum Member Relationship Rewards
0.15%$5k-IRA Savings - W/ Platinum Member Relationship Rewards
0.15%$5k-Roth IRA Savings - W/ Platinum Member Relationship Rewards
0.15%$5k-CESA Savings - W/ Platinum Member Relationship Rewards

Chaffey Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.25%$10k-Money Market Checking - W/ Platinum Member Relationship Rewards

Chaffey Federal Credit Union CD Rates

ApyMinMaxProduct
1.34%$10k-5 Year Platinum Membership Rewards Certificate
1.29%$10k-5 Year Gold Membership Rewards Certificate
1.24%$10k-5 Year Standard/Advantage/Bronze Membership Rewards Certificate
1.24%$10k-5 Year Silver Membership Rewards Certificate
0.89%$10k-3 Year Platinum Membership Rewards Certificate
0.84%$10k-3 Year Gold Membership Rewards Certificate
0.79%$10k-3 Year Standard/Advantage/Bronze Membership Rewards Certificate
0.79%$10k-3 Year Silver Membership Rewards Certificate
0.60%$10k-2 Year Platinum Membership Rewards Certificate
0.55%$10k-2 Year Gold Membership Rewards Certificate
0.50%$10k-2 Year Standard/Advantage/Bronze Membership Rewards Certificate
0.50%$10k-2 Year Silver Membership Rewards Certificate
0.50%$10k-1 Year Platinum Membership Rewards Certificate
0.45%$10k-1 Year Gold Membership Rewards Certificate
0.40%$10k-1 Year Standard/Advantage/Bronze Membership Rewards Certificate
0.40%$10k-1 Year Silver Membership Rewards Certificate
0.35%$10k-6 Month Platinum Membership Rewards Certificate
0.30%$10k-6 Month Gold Membership Rewards Certificate
0.25%$10k-6 Month Standard/Advantage/Bronze Membership Rewards Certificate
0.25%$10k-6 Month Silver Membership Rewards Certificate

Chaffey Federal Credit Union IRA Rates

ApyMinMaxProduct
1.34%$2k-5 Year IRA Platinum Membership Rewards Certificate
1.34%$2k-5 Year Roth IRA Platinum Membership Rewards Certificate
1.34%$2k-5 Year CESA Platinum Membership Rewards Certificate
1.29%$2k-5 Year IRA Gold Membership Rewards Certificate
1.29%$2k-5 Year Roth IRA Gold Membership Rewards Certificate
1.29%$2k-5 Year CESA Gold Membership Rewards Certificate
1.24%$2k-5 Year IRA Standard/Advantage/Bronze Membership Rewards Certificate
1.24%$2k-5 Year IRA Silver Membership Rewards Certificate
1.24%$2k-5 Year Roth IRA Standard/Advantage/Bronze Membership Rewards Certificate
1.24%$2k-5 Year Roth IRA Silver Membership Rewards Certificate
1.24%$2k-5 Year CESA Standard/Advantage/Bronze Membership Rewards Certificate
1.24%$2k-5 Year CESA Silver Membership Rewards Certificate
0.89%$2k-3 Year IRA Platinum Membership Rewards Certificate
0.89%$2k-3 Year Roth IRA Platinum Membership Rewards Certificate
0.89%$2k-3 Year CESA Platinum Membership Rewards Certificate
0.84%$2k-3 Year IRA Gold Membership Rewards Certificate
0.84%$2k-3 Year Roth IRA Gold Membership Rewards Certificate
0.84%$2k-3 Year CESA Gold Membership Rewards Certificate
0.79%$2k-3 Year IRA Standard/Advantage/Bronze Membership Rewards Certificate
0.79%$2k-3 Year IRA Silver Membership Rewards Certificate
0.79%$2k-3 Year Roth IRA Standard/Advantage/Bronze Membership Rewards Certificate
0.79%$2k-3 Year Roth IRA Silver Membership Rewards Certificate
0.79%$2k-3 Year CESA Standard/Advantage/Bronze Membership Rewards Certificate
0.79%$2k-3 Year CESA Silver Membership Rewards Certificate
0.60%$2k-2 Year IRA Platinum Membership Rewards Certificate
0.60%$2k-2 Year Roth IRA Platinum Membership Rewards Certificate
0.60%$2k-2 Year CESA Platinum Membership Rewards Certificate
0.55%$2k-2 Year IRA Gold Membership Rewards Certificate
0.55%$2k-2 Year Roth IRA Gold Membership Rewards Certificate
0.55%$2k-2 Year CESA Gold Membership Rewards Certificate
0.50%$2k-2 Year IRA Standard/Advantage/Bronze Membership Rewards Certificate
0.50%$2k-2 Year IRA Silver Membership Rewards Certificate
0.50%$2k-1 Year IRA Platinum Membership Rewards Certificate
0.50%$2k-1 Year Roth IRA Platinum Membership Rewards Certificate
0.50%$2k-2 Year Roth IRA Standard/Advantage/Bronze Membership Rewards Certificate
0.50%$2k-2 Year Roth IRA Silver Membership Rewards Certificate
0.50%$2k-1 Year CESA Platinum Membership Rewards Certificate
0.50%$2k-2 Year CESA Standard/Advantage/Bronze Membership Rewards Certificate
0.50%$2k-2 Year CESA Silver Membership Rewards Certificate
0.45%$2k-1 Year IRA Gold Membership Rewards Certificate
0.45%$2k-1 Year Roth IRA Gold Membership Rewards Certificate
0.45%$2k-1 Year CESA Gold Membership Rewards Certificate
0.40%$2k-1 Year IRA Standard/Advantage/Bronze Membership Rewards Certificate
0.40%$2k-1 Year IRA Silver Membership Rewards Certificate
0.40%$2k-1 Year Roth IRA Standard/Advantage/Bronze Membership Rewards Certificate
0.40%$2k-1 Year Roth IRA Silver Membership Rewards Certificate
0.40%$2k-1 Year CESA Standard/Advantage/Bronze Membership Rewards Certificate
0.40%$2k-1 Year CESA Silver Membership Rewards Certificate

Rates updated: 5/17/2013

Data for Q4 2012


Institution Statistics


CHAFFEY
NCUA #16030
BankRate ReportView
Year Chartered1964
Employees46
Primary Regulator

Assets and Liabilities

Assets$102.29 million
Loans$44.18 million
Deposits$93.17 million
Equity Capital$8.21 million
Loan Loss Allowance$1.06 million
Unbacked Noncurrent Loans$866,000
Real Estate Owned$264,000

Historic Data - December 2011

Assets$98.39 million
Equity Capital$7.89 million
Loan Loss Allowance$1.53 million
Unbacked Noncurrent Loans$293,000
Real Estate Owned$555,000

Profit Margin - Quarterly

Net Interest Margin5.63%
Return on Assets0.26%
Return on Equity3.19%
Interest Income$3.49 million
Non-Interest Income$1.16 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2012 Chaffey Federal Credit Union had $1.13 million in non-current loans and owned real-estate with $9.26 million in equity and loan loss allowances on hand to cover it. This gives Chaffey Federal Credit Union a Texas Ratio of 12.20% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Chaffey Federal Credit Union held steady from 9.00% as of December 31, 2011 to 12.20% as of December 31, 2012, resulting in a negative change of 35.54%. This indicates that the balance sheet and financial strength for Chaffey Federal Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Chaffey Federal Credit Union has increased its total deposits by $3.64 million, resulting in 4.07% 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 Chaffey Federal Credit Union has shown is above average.
Capitalization3
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. Chaffey Federal Credit Union has $102.29 million in assets with $9.26 million in equity, resulting in a capitalization level of 9.06%, which is average.
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Awful Credit Union
1 stars - reasons12 - Saturday, February 12, 2011 - 12:08 AM

This bank is absolutely horrible. They have horrible customer service! They constantly are finding ways to charge fees. It's awful. I've been with them for 2 years and I am finally getting out :( I always thought credit unions were suppose to be better than regular banks. Not in this case!

3

A Wonderful Credit Union!
5 stars - all_about_CUs - Thursday, June 30, 2011 - 1:04 PM

Wow, to hear that Chaffey FCU has fees galore is amazing.  All financial institutions have fees, it’s a fact of life, however credit unions in general typical have less fees and fees that due exist are normally less than what banks charge.  For example, a returned check fee with Chaffey is only $25 were as Banks are now charging $35 or more.  Now for the person that gave a poor rating due to fees, were you responsible in handling your account?  If not then I could see why someone would complain!  Well what I know from personal experience w/ Chaffey is that they are very willing to work with their members and will even reverse or stop fees from recurring if you open the doors of communication. I have been w/ Chaffey for 10 plus years and I’m very satisfied with the service I have received.  

Here are a few services that Chaffey offers that are a wonderful thing:

1.     They give their members a 10 day grace period from the day your loan payment is due!

2.     There rates a way better than banks when it comes to Loans, CDs, Savings account and Money Markets!

3.     You do not have to have perfect credit in order to qualify for a loan!

4.     Fees in general are less than Banks!

 



 

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