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Overview / Commentary
510-845-6428
2001 Ashby Ave
Berkeley , CA 94703

Cooperative Center Federal Credit Union is headquartered in Berkeley and is the 148th largest credit union in the state of California. It is also the 1,453rd largest credit union in the nation. It was established in 1942 and as of December of 2013, it had grown to 27 employees and 12,554 members. Cooperative Center Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Credit union membership is open to students of the University of California Berkeley and members of the Berkeley Chamber of Commerce. Employees and family members of employees of certain businesses and of qualified employer groups or associations are also eligible. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Cooperative Center Federal Credit Union had $1.23 million in non-current loans and owned real-estate with $8.88 million in equity and loan loss allowances on hand to cover it. This gives Cooperative Center Federal Credit Union a Texas Ratio of 13.88% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Cooperative Center Federal Credit Union decreased dramatically from 39.80% as of December 31, 2012 to 13.88% as of December 31, 2013, resulting in a positive change of 65.12%.This indicates that the balance sheet and financial strength for Cooperative Center Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Cooperative Center Federal Credit Union has increased its total deposits by $3.18 million, resulting in 3.44% 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 Cooperative Center Federal Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. Cooperative Center Federal Credit Union has $104.11 million in assets with $6.08 million in equity, resulting in a capitalization level of 5.84%, which is below average.

Institution Statistics

Overall
NCUA #4900
Year Chartered1942
Employees27
Primary Regulator
Assets and Liabilities
Assets$104.11 million
Loans$45.94 million
Deposits$95.77 million
Equity Capital$5.26 million
Secondary Capital$2.80 million
Loan Loss Allowance$814,000
Unbacked Noncurrent Loans$855,000
Real Estate Owned$377,000
Historic Data - December 2012
Assets$100.83 million
Equity Capital$5.22 million
Loan Loss Allowance$544,000
Unbacked Noncurrent Loans$855,000
Real Estate Owned$1.46 million
Profit Margin - Quarterly
Net Interest Margin7.11%
Return on Assets0.04%
Return on Equity0.74%
Interest Income$3.81 million
Rates

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Cooperative Center Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Regular Savings
0.05%$100-Holiday Savings
0.05%$100-Traditional IRA Savings
0.05%$100-CESA Savings
0.05%$25-Young Savers
0.05%$25-Senior Savings
0.05%$100-Roth IRA Savings
0.05%$100-SEP IRA Savings

Cooperative Center Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.26%$100k-Money Market Checking

Cooperative Center Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$750-Student Checking
0.05%$2k-Platinum Checking
0.05%$2k-Prestige Checking

Cooperative Center Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.26%$1k-3 Year CD
0.26%$1k-4 Year CD
0.20%$1k-1 Year CD
0.20%$1k-18 Month CD
0.20%$1k-2 Year CD
0.11%$1k-3 Month CD
0.11%$1k-6 Month CD

Cooperative Center Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.26%$100-3 Year IRA (Traditional,Roth,SEP)
0.26%$100-4 Year IRA (Traditional,Roth,SEP)
0.20%$100-1 Year IRA (Traditional,Roth,SEP)
0.20%$100-18 Month IRA
0.20%$100-2 Year IRA (Traditional,Roth,SEP)
0.20%$100-18 Month Roth IRA
0.20%$100-18 Month SEP IRA
Locations


Cooperative Center Federal Credit Union Locations
Branch Office2001 Ashby AveBerkeley, CA 94703
Branch Office2475 Bancroft Way Lower Sproul Plaza, UC Berkeley CampusBerkeley, CA 94720