Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
P.O. Box 2069
Oakland, CA 94604

Chevron Federal Credit Union is headquartered in Oakland and is the 11st largest credit union in the state of California. It is also the 60th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 204 employees and 98,920 members. Chevron Federal Credit Union's savings rates are 13X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Membership with Chevron Federal Credit Union (CFCU) can be based on employment, location, or even membership in a non-profit association. It is open to employees and retirees of Chevron and its related companies or contractor groups. You can also join via a family or household member who is already a member of Chevron Federal Credit Union, or via affiliation with one of CFCU's select partners and non-profit associations. Membership requires a Primary Savings Account minimum balance of $25 for individual membership and $50 for joint membership. - See Details

Related Posts

Reviews (2)

Real Estate Loan Department -- Hidden And Unfair Fee

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.

Nothing Special

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.


Data for Q4 2013

Institution Health


Texas Ratio


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, 2013 Chevron Federal Credit Union had $8.56 million in non-current loans and owned real-estate with $252.15 million in equity and loan loss allowances on hand to cover it. This gives Chevron Federal Credit Union a Texas Ratio of 3.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Chevron Federal Credit Union experienced no significant changes from 3.68% as of December 31, 2012 to 3.39% as of December 31, 2013, resulting in a positive change of 7.76%.This indicates that the balance sheet and financial strength for Chevron Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Chevron Federal Credit Union has increased its total deposits by $195.69 million, resulting in 10.3% 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.



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 $2.35 billion in assets with $252.15 million in equity, resulting in a capitalization level of 10.72%, which is above average.

Institution Statistics

NCUA #24326
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$2.35 billion
Loans$1.77 billion
Deposits$2.09 billion
Equity Capital$246.75 million
Loan Loss Allowance$5.40 million
Unbacked Noncurrent Loans$8.17 million
Real Estate Owned$386,000
Historic Data - December 2012
Assets$2.11 billion
Equity Capital$202.92 million
Loan Loss Allowance$8.52 million
Unbacked Noncurrent Loans$8.17 million
Real Estate Owned$173,000
Profit Margin - Quarterly
Net Interest Margin3.21%
Return on Assets1.56%
Return on Equity14.89%
Interest Income$71.25 million

Always verify rates and promotions with the bank or credit union. We are not Chevron Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Chevron Federal Credit Union Savings Account Rates

0.25%$25-Primary Savings
0.25%$25-Accumulative IRA
0.25%$25-Accumulative Roth IRA

Chevron Federal Credit Union Money Market Rates

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

Chevron Federal Credit Union Checking Account Rates


Chevron Federal Credit Union CD Rates

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

1.50%$100k-5-Year SuperShare 100 IRA (Traditional,Roth)
1.45%$50k-5-Year SuperShare 50 IRA (Traditional,Roth)
1.40%$500-5-Year IRA (Traditional,Roth)
1.30%$100k-4-Year SuperShare 100 IRA (Traditional,Roth)
1.25%$50k-4-Year SuperShare 50 IRA (Traditional,Roth)
1.20%$500-4-Year IRA (Traditional,Roth)
1.10%$100k-3-Year SuperShare 100 IRA (Traditional,Roth)
1.05%$50k-3-Year SuperShare 50 IRA (Traditional,Roth)
1.00%$500-3-Year IRA (Traditional,Roth)
0.95%$100k-2-Year SuperShare 100 IRA (Traditional,Roth)
0.90%$50k-2-Year SuperShare 50 IRA (Traditional,Roth)
0.85%$500-2-Year IRA (Traditional,Roth)
0.80%$100k-1-Year SuperShare 100 IRA (Traditional,Roth)
0.75%$50k-1-Year SuperShare 50 IRA (Traditional,Roth)
0.70%$500-1 Year IRA (Traditional,Roth)
0.60%$500-9 Month IRA (Traditional,Roth)
0.50%$500-6 Month IRA (Traditional,Roth)

Chevron Federal Credit Union has 21 locations. Click to view all Chevron Federal Credit Union locations.