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

Chevron Federal Credit Union

Chevron Federal Credit Union Locations
475 14th St 9th FL
Oakland, CA 94612
800-232-8101
www.chevronfcu.org

NCUA


Chevron Federal Credit Union is headquartered in Oakland and is the 12st largest credit union in the state of California. It is also the 65th largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 194 employees and 89,277 members. Chevron Federal Credit Union has a 5-star health rating.

Related Posts

Competitive Long-Term CD Rates At Chevron FCU In CA, TX, LA & MS (Forum) - 11/19/2010

The CD rates are not that great, but they're competitive especially for where they have branches in Northern California. Some of Chevron FCU's best CD rates as of 11/19/2010 include: 2.50% APY 5-year CD, min $100K 1.95% APY 3-year CD, min $100K 1.30%

2.30% 20-Month CD Special at Chevron FCU in California - Limited Membership - 3/12/2010

Chevron Federal Credit Union is offering two competitive CD specials: a 1.90% APY 15-month CD and a 2.30% APY 20-month CD. Minimum deposit is $500. These specials are listed in the credit union's pro ...

4.15% 10-Month CD at a Multi-State CU (Chevron). - 4/24/2008

Update 5/10/08: The 10-month CD special is no longer listed at the credit union's website.Chevron Federal Credit Union has a special 10-month CD with a yield of 4.15% APY. The minimum deposit is $500, and it's also available for Traditional and Roth...



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

Chevron Federal Credit Union Checking Account Rates

ApyMinMaxProduct
0.25%$25$500Accumulative IRA Checking
0.25%$25$500Accumulative Roth IRA Checking

Chevron Federal Credit Union Savings Account Rates

ApyMinMaxProduct
7.00%$25$1kMySavings
0.25%$25-Primary Savings

Chevron Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$2,500-MarketEdge Savings
0.40%$2,500-MarketEdge IRA Savings

Chevron Federal Credit Union CD Rates

ApyMinMaxProduct
1.50%$100k-5-Year SuperShare 100 CD
1.45%$50k-5-Year SuperShare 50 CD
1.40%$500-5-Year CD
1.30%$100k-4-Year SuperShare 100 CD
1.25%$50k-4-Year SuperShare 50 CD
1.20%$500-4-Year CD
1.10%$100k-3-Year SuperShare 100 CD
1.05%$50k-3-Year SuperShare 50 CD
1.00%$500-3-Year CD
0.95%$100k-2-Year SuperShare 100 CD
0.90%$50k-2-Year SuperShare 50 CD
0.85%$500-2-Year CD
0.80%$100k-1-Year SuperShare 100 CD
0.75%$50k-1-Year SuperShare 50 CD
0.70%$500-1 Year CD
0.60%$500-9 Month CD
0.50%$500-6 Month CD
0.45%$500-3 Month CD

Chevron Federal Credit Union IRA Rates

ApyMinMaxProduct
1.50%$100k-5-Year SuperShare 100 IRA
1.50%$100k-5-Year SuperShare 100 Roth IRA
1.45%$50k-5-Year SuperShare 50 IRA
1.45%$50k-5-Year SuperShare 50 Roth IRA
1.40%$500-5-Year IRA
1.40%$500-5-Year Roth IRA
1.30%$100k-4-Year SuperShare 100 IRA
1.30%$100k-4-Year SuperShare 100 Roth IRA
1.25%$50k-4-Year SuperShare 50 IRA
1.25%$50k-4-Year SuperShare 50 Roth IRA
1.20%$500-4-Year IRA
1.20%$500-4-Year Roth IRA
1.10%$100k-3-Year SuperShare 100 IRA
1.10%$100k-3-Year SuperShare 100 Roth IRA
1.05%$50k-3-Year SuperShare 50 IRA
1.05%$50k-3-Year SuperShare 50 Roth IRA
1.00%$500-3-Year IRA
1.00%$500-3-Year Roth IRA
0.95%$100k-2-Year SuperShare 100 IRA
0.95%$100k-2-Year SuperShare 100 Roth IRA
0.90%$50k-2-Year SuperShare 50 IRA
0.90%$50k-2-Year SuperShare 50 Roth IRA
0.85%$500-2-Year IRA
0.85%$500-2-Year Roth IRA
0.80%$100k-1-Year SuperShare 100 IRA
0.80%$100k-1-Year SuperShare 100 Roth IRA
0.75%$50k-1-Year SuperShare 50 IRA
0.75%$50k-1-Year SuperShare 50 Roth IRA
0.70%$500-1 Year IRA
0.70%$500-1 Year Roth IRA
0.60%$500-9 Month IRA
0.60%$500-9 Month Roth IRA

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


CHEVRON
NCUA #24326
BankRate ReportView
Year Chartered1935
Employees194
Primary Regulator

Assets and Liabilities

Assets$2.11 billion
Loans$1.47 billion
Deposits$1.90 billion
Equity Capital$202.92 million
Loan Loss Allowance$8.52 million
Unbacked Noncurrent Loans$7.61 million
Real Estate Owned$173,000

Historic Data - December 2011

Assets$1.74 billion
Equity Capital$178.95 million
Loan Loss Allowance$9.96 million
Unbacked Noncurrent Loans$6.95 million

Profit Margin - Quarterly

Net Interest Margin3.54%
Return on Assets0.73%
Return on Equity7.56%
Interest Income$67.02 million
Non-Interest Income($2,744,000)

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Chevron Federal Credit Union had $7.78 million in non-current loans and owned real-estate with $211.45 million in equity and loan loss allowances on hand to cover it. This gives Chevron Federal Credit Union a Texas Ratio of 3.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Chevron Federal Credit Union held steady from 3.68% as of December 31, 2011 to 3.68% as of December 31, 2012, resulting in a negative change of 0.04%. This indicates that the balance sheet and financial strength for Chevron Federal Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Chevron Federal Credit Union has increased its total deposits by $341.74 million, resulting in 21.94% 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 Chevron Federal Credit Union has shown is excellent.
Capitalization4
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. Chevron Federal Credit Union has $2.11 billion in assets with $211.45 million in equity, resulting in a capitalization level of 10.03%, which is above average.
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Real Estate Loan Department -- Hidden And Unfair Fee
1 stars - HTX - Sunday, June 24, 2012 - 2:27 PM

Upon selling my property, I was charged a $750 early closure fee on a 2nd mortgage that I'd paid off over a year earlier.  This fee was not disclosed when I asked the Real Estate Loan Officer about any pre-payment or early payment fees upon signing the loan.  Despite having an email stating that there would be no such fees, Chevron Federal Credit Union management would not waive the fee. 

My experience with the credit union up until this point was 100% positive and I did everything I could to try and come to a fair resolution with management -- even offering to pay half the fee when I believed I should not have had to pay anything. Unfortunately, management was not willing to make the situation right and I therefore had to move my assets to a new institution and write this review.

6

Nothing Special
2 stars - calisaver - Monday, April 22, 2013 - 12:50 AM

Account opening process was slow.  I started the process online and concluded it by mail.  Savings rates are average and loan rates are lower than most banks.  Credit cards are not a good deal as they are issued by a bank (Elan Services) and the same rates and terms can be obtained from any bank/credit union that uses Elan.  Online services are adequate and text banking is old fashioned.  Customer service is average.  No problems but nothing special either.

2