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Overview / Commentary
5890 Silver Creek Valley Rd
San Jose, CA 95138

Commonwealth Central Credit Union is headquartered in San Jose and is the 78th largest credit union in the state of California. It is also the 535th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 91 employees and 34,688 members. Commonwealth Central Credit Union has a A health rating.

Field of Membership Restrictions

Must live or work in Santa Clara County. - See Details

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Reviews (1)

Best Credit Union Ever!

with their revamped website and killer rates, all I have to say about Commonwealth credit union is positive. I feel that I benefit greatly by dealing with a small CU as opposed to a huge national bank. B of A... so the enemy. I've been with this bank since I was literally born, and what I recall from my younger days were a bunch of special promotions and offers that made savings "cool" to kids. Now, as I pay off cars and start my first mortgage, this bank is still able to support me in all that I do. Even when I went to college in LA for 4 years, the geographical distance did not affect the quality of service I received. Great tellers, INCREDIBLE phone customer service, AND I get free checks. What could be better? I'll be with this credit union for life!


Data for Q1 2014

Institution Health


Texas Ratio


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 Commonwealth Central Credit Union had $1.71 million in non-current loans and owned real-estate with $41.46 million in equity and loan loss allowances on hand to cover it. This gives Commonwealth Central Credit Union a Texas Ratio of 4.12% 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 Commonwealth Central Credit Union experienced no significant changes from 4.29% as of March 31, 2013 to 4.12% as of March 31, 2014, resulting in a positive change of 3.96%.This indicates that the balance sheet and financial strength for Commonwealth Central Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Commonwealth Central Credit Union has increased its total deposits by $15.74 million, resulting in 4.47% 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 Commonwealth Central 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. Commonwealth Central Credit Union has $409.12 million in assets with $41.46 million in equity, resulting in a capitalization level of 10.13%, which is above average.

Institution Statistics

NCUA #61741
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$409.12 million
Loans$248.34 million
Deposits$367.53 million
Equity Capital$38.00 million
Loan Loss Allowance$3.46 million
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$0
Historic Data - March 2013
Assets$390.50 million
Equity Capital$34.70 million
Loan Loss Allowance$5.05 million
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.8%
Return on Equity8.61%
Interest Income$3.30 million

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Commonwealth Central Credit Union Savings Account Rates

0.10%$100k$250kWealth Management Savings
0.10%$100k$250kWealth Management IRA
0.10%$100k$250kWealth Management Roth IRA
0.10%$100k$250kWealth Management CESA
0.05%$100-Regular Shares
0.05%--Youth Share Account
0.05%$100-Holiday Club

Commonwealth Central Credit Union Money Market Rates

0.15%$250k-Money Management Account

Commonwealth Central Credit Union Checking Account Rates

0.10%$100k-Wealth Checking
0.05%--Premium Checking

Commonwealth Central Credit Union CD Rates

1.05%$25k-48 Month Share Certificate
0.75%$500-36 Month Share Certificate
0.60%$50k-24 Month Share Certificate
0.35%$50k-12 Month Share Certificate
0.35%$50k-18 Month Share Certificate
0.25%$50k-6 Month Share Certificate
0.25%$250-12 Month Youth Share Certificate
0.15%$250-6 Month Youth Share Certificate
0.10%$25k-3 Month Share Certificate

Commonwealth Central Credit Union IRA Rates

0.75%$100-36 Month IRA Certificate
0.45%$100-24 Month IRA Certificate
0.25%$100-12 Month IRA Certificate
0.25%$100-18 Month IRA Certificate

Commonwealth Central Credit Union Locations
Branch Office537 E Calaveras BlvdMilpitas, CA 95035
Branch Office5890 Silver Creek Valley RdSan Jose, CA 95138
Branch Office400 Tennant StaMorgan Hill, CA 95037
Branch Office3075 Union AveSan Jose, CA 95124