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Overview / Commentary
562-698-8326 ext. 1102
8028 Greenleaf Ave
Whittier, CA 90602

Credit Union of Southern California is headquartered in Whittier and is the 53rd largest credit union in the state of California. It is also the 309th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 142 employees and 58,993 members. Credit Union of Southern California has a A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships or attends school in Orange County, the San Gabriel Valley and the cities in between. Anyone whose family member is a current member of the credit union is also eligible to join. A $15 deposit into a CU SoCal Share Savings Account is required to establish your Membership. - See Details

Reviews (2)

At last

I finally had had it with the big bank interest. I had a active Credit union account but it was several miles away and they were limited in ATM access. I hot footed it down to the local credit union and applied. I was received as if I was an old friend returning home. They review account options and to my surprise (but not really) their charges were minimal. I signed up for a savings account. I will in the very near future establish a checking account with these good people and get out of the big banks loop. I would advise everyone to open an with a credit union---and maybe this might be a signal to big corp. banks we are tire of being ripped off.

Money In The Bank

Love this place, when I deposited some checks on my birthday, the lady gave me a lollipop.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Credit Union of Southern California had $5.53 million in non-current loans and owned real-estate with $77.13 million in equity and loan loss allowances on hand to cover it. This gives Credit Union of Southern California a Texas Ratio of 7.17% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Credit Union of Southern California experienced no significant changes from 4.89% as of December 31, 2012 to 7.17% as of December 31, 2013, resulting in a negative change of 46.75%. This indicates that the balance sheet and financial strength for Credit Union of Southern California has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Credit Union of Southern California has increased its total deposits by $33.9 million, resulting in 5.8% 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 Credit Union of Southern California has shown is excellent.

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. Credit Union of Southern California has $710.78 million in assets with $77.13 million in equity, resulting in a capitalization level of 10.85%, which is above average.

Institution Statistics

Overall
NCUA #68456
Year Chartered1954
Employees142
Primary Regulator
Assets and Liabilities
Assets$710.78 million
Loans$294.87 million
Deposits$618.76 million
Equity Capital$72.45 million
Loan Loss Allowance$4.68 million
Unbacked Noncurrent Loans$5.22 million
Real Estate Owned$316,000
Historic Data - December 2012
Assets$687.48 million
Equity Capital$84.39 million
Loan Loss Allowance$8.91 million
Unbacked Noncurrent Loans$5.22 million
Real Estate Owned$584,000
Profit Margin - Quarterly
Net Interest Margin5.73%
Return on Assets0.65%
Return on Equity6.41%
Interest Income$23.32 million
Rates

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

Credit Union of Southern California Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%--Deferred Compensation
0.30%--Holiday Saver
0.30%--Summer Saver
0.10%$500-Regular Savings
0.10%$500-IRA Savings
0.10%$500-Roth IRA Savings
0.10%$500-Coverdell Education IRA Savings
0.10%$500-Sub-Savings
0.10%--Regular Savings - Minors
0.10%--Sub-Savings - Minor

Credit Union of Southern California Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market Account

Credit Union of Southern California Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--E-Z Earn Checking
0.25%$50k-VALUE+ Checking
0.05%--E-Z Earn Checking

Credit Union of Southern California CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$1k-60 Month Certificate - Relationship Rate
1.10%$250-60 Month Minor Certificate - Relationship Rate
1.00%$1k-60 Month Certificate
1.00%$250-60 Month Minor Certificate
0.85%$1k-48 Month Certificate - Relationship Rate
0.85%$250-48 Month Minor Certificate - Relationship Rate
0.75%$1k-48 Month Certificate
0.75%$250-48 Month Minor Certificate
0.65%$1k-36 Month Certificate - Relationship Rate
0.65%$25-36 Month Minor Certificate - Relationship Rate
0.55%$1k-36 Month Certificate
0.55%$25-36 Month Minor Certificate
0.45%$1k-18 Month Certificate - Relationship Rate
0.45%$250-18 Month Minor Certificate - Relationship Rate
0.45%$1k-24 Month Certificate - Relationship Rate
0.45%$250-24 Month Minor Certificate - Relationship Rate
0.40%$150k-6 Month Access Certificate
0.40%$1k-30 Month Certificate - Relationship Rate
0.40%$250-30 Month Minor Certificate - Relationship Rate
0.35%$1k-18 Month Certificate
0.35%$1k-24 Month Certificate
0.35%$250-18 Month Minor Certificate
0.35%$250-24 Month Minor Certificate
0.30%$1k-30 Month Certificate
0.30%$250-30 Month Minor Certificate
0.25%$1k-12 Month Certificate - Relationship Rate
0.25%$250-12 Month Minor Certificate - Relationship Rate
0.20%$7,500-1 Month Certificate - Relationship Rate
0.20%$1k-3 Month Certificate - Relationship Rate
0.20%$1k-6 Month Certificate - Relationship Rate
0.15%$1k-12 Month Certificate
0.15%$250-12 Month Minor Certificate
0.10%$7,500-1 Month Certificate
0.10%$1k-3 Month Certificate
0.10%$1k-6 Month Certificate

Credit Union of Southern California IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$25-60 Month IRA Certificate - Relationship Rate (Traditional,Roth)
1.00%$25-60 Month IRA Certificate (Traditional,Roth)
0.85%$25-48 Month IRA Certificate - Relationship Rate (Traditional,Roth)
0.75%$25-48 Month IRA Certificate (Traditional,Roth)
0.65%$25-36 Month IRA Certificate - Relationship Rate (Traditional,Roth)
0.55%$25-36 Month IRA Certificate (Traditional,Roth)
0.45%$25-18 Month IRA Certificate - Relationship Rate (Traditional,Roth)
0.45%$25-24 Month IRA Certificate - Relationship Rate (Traditional,Roth)
0.40%$25-30 Month IRA Certificate - Relationship Rate (Traditional,Roth)
0.35%$25-18 Month IRA Certificate (Traditional,Roth)
0.35%$25-24 Month IRA Certificate (Traditional,Roth)
0.30%$25-30 Month IRA Certificate (Traditional,Roth)
0.25%$25-12 Month IRA Certificate - Relationship Rate (Traditional,CESA,Roth)
0.15%$25-12 Month IRA Certificate (Traditional,Roth,CESA)
Locations

Credit Union of Southern California has 11 locations. Click to view all Credit Union of Southern California locations.