5 star ratingAverage User Rating:
5 star rating based on 1 review.

Commonwealth Central Credit Union

Commonwealth Central Credit Union Locations
5890 Silver Creek Valley Rd
San Jose, CA 95138
(800) 564-1588
www.commonwealthcu.org

NCUA

Commonwealth Central Credit Union is headquartered in San Jose and is the 79th largest credit union in the state of California. It is also the 546th largest credit union in the nation. It was established in 1958 and as of March of 2013, it had grown to 90 employees and 34,483 members. Commonwealth Central Credit Union has a 5-star health rating.

Commonwealth Central Credit Union Routing Number: 321176794

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

Commonwealth Central Credit Union Checking Account Rates

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

Commonwealth Central Credit Union Savings Account Rates

ApyMinMaxProduct
0.15%$100k$250kWealth Management Savings
0.15%$100k$250kWealth Management IRA
0.15%$100k$250kWealth Management Roth IRA
0.15%$100k$250kWealth Management CESA
0.05%$100-Regular Shares
0.05%--Youth Share Account
0.05%--Holiday Club

Commonwealth Central Credit Union Money Market Rates

ApyMinMaxProduct
0.20%$250k-Money Management Account

Commonwealth Central Credit Union CD Rates

ApyMinMaxProduct
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

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

Rates updated: 6/18/2013

Data for Q1 2013


Institution Statistics


COMMONWEALTH CENTRAL
NCUA #61741
BankRate ReportView
Year Chartered1958
Employees90
Primary Regulator

Assets and Liabilities

Assets$390.50 million
Loans$216.14 million
Deposits$351.79 million
Equity Capital$34.70 million
Loan Loss Allowance$5.05 million
Unbacked Noncurrent Loans$1.71 million

Historic Data - March 2012

Assets$359.63 million
Equity Capital$31.07 million
Loan Loss Allowance$7.59 million
Unbacked Noncurrent Loans$4.17 million
Real Estate Owned$656,000

Profit Margin - Quarterly

Net Interest Margin1.26%
Return on Assets1.26%
Return on Equity14.19%
Interest Income$3.15 million
Non-Interest Income$1.11 million

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 March 31, 2013 Commonwealth Central Credit Union had $1.7 million in non-current loans and owned real-estate with $39.75 million in equity and loan loss allowances on hand to cover it. This gives Commonwealth Central Credit Union a Texas Ratio of 4.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Commonwealth Central Credit Union decreased significantly from 12.47% as of March 31, 2012 to 4.29% as of March 31, 2013, resulting in a positive change of 65.62%.This indicates that the balance sheet and financial strength for Commonwealth Central Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Commonwealth Central Credit Union has increased its total deposits by $26.62 million, resulting in 8.19% 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.
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. Commonwealth Central Credit Union has $390.5 million in assets with $39.75 million in equity, resulting in a capitalization level of 10.18%, which is above average.
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Best Credit Union Ever!
5 stars - seejay - Sunday, May 29, 2011 - 4:25 PM

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!

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