Clearpath Credit Union is headquartered in Glendale and is the 156th largest credit union in the state of California. It is also the 1,602nd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 33 employees and 12,126 members. Clearpath Credit Union has a A+ health rating.
Must be an employee of Ralphs or several other companies. - See Details
One of the worst banks that I have ever seen. First they charged me service fees for three months in a row without telling me, and they said that it was a teller's fault who didn't tell you. I am trying to get refund on those service charges for three days, and a personal banker tried to reach their manager to discuss about my service charge, but so far there has been no response from manager. Just imagine after 3 days a manager doesn't respond to his/her banker. It's really a shame that bank's hire this kind of manager and keep them in their position. I am not recommending this bank to anyone. Customer service=0.
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 Clearpath Credit Union had $301,000 in non-current loans and owned real-estate with $11.42 million in equity and loan loss allowances on hand to cover it. This gives Clearpath Credit Union a Texas Ratio of 2.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Clearpath Credit Union decreased dramatically from 6.27% as of March 31, 2013 to 2.64% as of March 31, 2014, resulting in a positive change of 57.93%.This indicates that the balance sheet and financial strength for Clearpath Credit Union has improved dramatically in recent periods.
In the past year, Clearpath Credit Union has increased its total deposits by $4.53 million, resulting in 5.99% 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 Clearpath 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. Clearpath Credit Union has $91.89 million in assets with $11.42 million in equity, resulting in a capitalization level of 12.42%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$10.50 million|
|Loan Loss Allowance||$914,000|
|Unbacked Noncurrent Loans||$301,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$10.29 million|
|Loan Loss Allowance||$830,000|
|Unbacked Noncurrent Loans||$301,000|
|Real Estate Owned||$405,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.27%|
|Return on Assets||-0.37%|
|Return on Equity||-3.2%|
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|0.35%||$100k||-||Platinum Money Market Account|
|0.25%||$50k||-||Gold Money Market Account|
|0.15%||$2,500||-||Standard Money Market Account|
|1.41%||$50k||-||60 Month Savings Certificate|
|1.41%||$50k||-||Business 60 Month Savings Certificate|
|1.06%||$50k||-||48-59 Month Savings Certificate|
|1.06%||$50k||-||Business 48-59 Month Savings Certificate|
|0.85%||$50k||-||36-47 Month Savings Certificate|
|0.85%||$50k||-||Business 36-47 Month Savings Certificate|
|0.60%||$50k||-||24-35 Month Savings Certificate|
|0.60%||$50k||-||Business 24-35 Month Savings Certificate|
|0.40%||$50k||-||12-23 Month Savings Certificate|
|0.40%||$50k||-||Business 12-23 Month Savings Certificate|
|0.35%||$50k||-||3-11 Month Savings Certificate|
|0.35%||$50k||-||Business 3-11 Month Savings Certificate|
|1.41%||$50k||-||60 Month IRA Certificate|
|1.06%||$50k||-||48-59 Month IRA Certificate|
|0.85%||$50k||-||36-47 Month IRA Certificate|
|0.60%||$50k||-||24-35 Month IRA Certificate|
|0.40%||$50k||-||12-23 Month IRA Certificate|
|0.35%||$50k||-||3-11 Month IRA Certificate|
|Clearpath Credit Union Locations|
|Branch Office||340 Arden Ave||Glendale, CA 91203|
|Branch Office||12625 Frederick St||Moreno Valley, CA 92553-5216|
|Branch Office||1100 W Artesia Blvd||Compton, CA 90220|