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Contra Costa Federal Credit Union

Contra Costa Federal Credit Union
Overview / Commentary
925-228-7550
1111 Pine St
Martinez, CA 94553

Contra Costa Federal Credit Union is headquartered in Martinez and is the 63rd largest credit union in the state of California. It is also the 365th largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 58 employees and 27,513 members. Contra Costa Federal Credit Union has a A health rating.

Field of Membership Restrictions

Contra Costa Federal Credit Union membership is open to County, City, State, School employees, employees of local municipalities, and special districts of Contra Costa County, Alameda County, and Solano County. Likewise, pensioners or annuitants from employee groups, the un-remarried spouses of persons who died while in the field of membership, and anyone whose immediate family or household member is a current member of the credit union, are also eligible to join. A minimum of $5 deposit in shares is required to establish credit union membership. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Contra Costa Federal Credit Union had $96,000 in non-current loans and owned real-estate with $66.04 million in equity and loan loss allowances on hand to cover it. This gives Contra Costa Federal Credit Union a Texas Ratio of 0.15% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Contra Costa Federal Credit Union decreased dramatically from 0.28% as of March 31, 2013 to 0.15% as of March 31, 2014, resulting in a positive change of 48.12%.This indicates that the balance sheet and financial strength for Contra Costa Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Contra Costa Federal Credit Union has increased its total deposits by $14.87 million, resulting in 2.75% 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 Contra Costa Federal Credit Union has shown is above average.

Capitalization

GRADE:
B+

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. Contra Costa Federal Credit Union has $622.91 million in assets with $66.04 million in equity, resulting in a capitalization level of 10.60%, which is above average.

Institution Statistics

Overall
NCUA #6333
Year Chartered1949
Employees58
Primary Regulator
Assets and Liabilities
Assets$622.91 million
Loans$167.80 million
Deposits$556.41 million
Equity Capital$63.80 million
Loan Loss Allowance$2.23 million
Unbacked Noncurrent Loans$96,000
Real Estate Owned$0
Historic Data - March 2013
Assets$607.72 million
Equity Capital$62.25 million
Loan Loss Allowance$2.35 million
Unbacked Noncurrent Loans$96,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.97%
Return on Assets0.24%
Return on Equity2.29%
Interest Income$2.48 million
Rates

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

Contra Costa Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Individual Retirement Account
0.15%--Regular Savings
0.15%--Christmas Club

Contra Costa Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$75k-Money Market Account

Contra Costa Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-Checking Account

Contra Costa Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-12 Month Share Certificate
0.45%$100k-6 - 11 Months Share Certificate
Locations


Contra Costa Federal Credit Union Locations
Branch Office1870 A StAntioch, CA 94509
Branch Office560 1st St Ste B106Benicia, CA 945103579
Branch Office2500 Nevin AveRichmond, CA 94804
Branch Office538 Center AveMartinez, CA 94553
Branch Office1111 Pine StMartinez, CA 94553