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626-799-6000
990 S Fair Oaks Ave
Pasadena, CA 91105

E-Central Credit Union is headquartered in Pasadena and is the 122nd largest credit union in the state of California. It is also the 1,070th largest credit union in the nation. It was established in 1943 and as of December of 2013, it had grown to 45 employees and 16,797 members. E-Central Credit Union has a A health rating.

Field of Membership Restrictions

You are eligible to join E-Central if you meet one of the following criteria: 1. Work in one of E-Central's Select Employee Groups (SEGs); or 2. Have a family member or household partner that’s an E-Central Member; or 3. Belong to another credit union; or 4. Live, regularly work, currently attend school or regularly worship in San Gabriel Valley or The City of Commerce or neighboring cities around Commerce. Any and all businesses, corporations, and/or other legal entities that reside in the above cities or are a SEG are eligible to join E-Central as a business-member. - See Details

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Reviews (2)

I Would Not Recommend Them To Anyone

I was a customer of E-Central for over 10 years.  They gave adequate service, as long as I didn't need anything from them.  Otherwise, Customer service was poor, and unhelpful.  I had a problem with my account, and became overdrawn.  They closed my checking account and left only the savings account open, I talked to their account rep and he would not re-open the checking account.  What was worse, was that they reported onto my credit history that I owed them a balance, even though it was paid and I had an active account.  I made several calls to get this fixed and they said that they would make the correction to my credit report, but never did.  After speaking with the account rep for the fourth time about this he said, "Well, I'm going to need to see you increase your account balance on a regular basis, then I will look into it again."  That was the last straw.  I had to wait the 7 years for it to come off my record so that I can open an account with another institution.  Once I was able to open an account elsewhere, I closed my account with them (yes, during the whole time I couldn't open an account anywhere else, they kept my savings account open and in good standing).  I would not recommend them to my worst enemy.

Professionalism

Very unpolished workers at this credit union. Rude staff who rush and argue with members.



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 E-Central Credit Union had $1.33 million in non-current loans and owned real-estate with $27.72 million in equity and loan loss allowances on hand to cover it. This gives E-Central Credit Union a Texas Ratio of 4.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for E-Central Credit Union decreased slightly from 6.08% as of December 31, 2012 to 4.80% as of December 31, 2013, resulting in a positive change of 20.94%.This indicates that the balance sheet and financial strength for E-Central Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, E-Central Credit Union has decreased its total deposits by -$5.36 million, resulting in -3.79% 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 E-Central Credit Union has shown is below average.

Capitalization

GRADE:
A+

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. E-Central Credit Union has $161.21 million in assets with $27.72 million in equity, resulting in a capitalization level of 17.20%, which is excellent.

Institution Statistics

Overall
NCUA #62323
Year Chartered1943
Employees45
Primary Regulator
Assets and Liabilities
Assets$161.21 million
Loans$91.76 million
Deposits$135.93 million
Equity Capital$24.53 million
Loan Loss Allowance$3.19 million
Unbacked Noncurrent Loans$1.33 million
Real Estate Owned$0
Historic Data - December 2012
Assets$162.58 million
Equity Capital$20.67 million
Loan Loss Allowance$5.50 million
Unbacked Noncurrent Loans$1.33 million
Real Estate Owned$162,000
Profit Margin - Quarterly
Net Interest Margin4.62%
Return on Assets2.41%
Return on Equity15.82%
Interest Income$5.41 million
Rates

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

E-Central Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$250-Membership Savings
0.05%$250-Personal (U-Name-It) Savings
0.05%$250-Holiday Club Savings
0.05%$250-IRA Savings
0.05%$250-CESA Savings
0.05%$250-Roth IRA Savings

E-Central Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market

E-Central Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$250-Premium Checking

E-Central Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month CD
1.25%$1k-48 - 59 Month CD
1.00%$1k-36 - 47 Month CD
0.80%$1k-24 - 35 Month CD
0.60%$1k-12 - 23 Month CD
0.40%$1k-6 - 11 Month CD
0.25%$1k-3 - 5 Month CD

E-Central Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month IRA (Traditional,Roth,CESA)
1.25%$1k-48 - 59 Month IRA (Traditional,Roth,CESA)
1.00%$1k-36 - 47 Month IRA (Traditional,Roth,CESA)
0.80%$1k-24 - 35 Month IRA (Traditional,Roth,CESA)
0.60%$1k-12 - 23 Month IRA (Traditional,Roth,CESA)
0.40%$1k-6 - 11 Month IRA (Traditional,Roth,CESA)
0.25%$1k-3 - 5 Month IRA (Traditional,Roth,CESA)
Locations


E-Central Credit Union Locations
Branch Office990 S Fair Oaks AvePasadena, CA 91105