Average User Rating:
1 star rating based on 1 review.

E-Central Credit Union

990 South Fair Oaks Ave
Pasadena, CA 91105
(626) 799-6000
www.ecentralcu.org

NCUA

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E-Central Credit Union is headquartered in Pasadena and is the 119^st largest credit union in the state of California. It is also the 1,036^th largest credit union in the nation. It was established in 1943 and as of December of 2012, it had grown to 41 employees and 17,120 members. E-Central Credit Union has a 5-star health rating.

E-Central Credit Union Routing Number: 322079227

CD Early Withdrawal Penalty Terms Ambiguity (Forum) - 5/6/2011

Not only this Credit Union, but more and more I am seeing the below conflicting provisions in both CU and Banks' EWP clauses. Like with E-Central, BOTH paragraphs exist within the CD Disclosure (these are E-Central's paragraphs 6. and 8.). You

Competitive CD Rates at E-Central Credit Union in Los Angeles - Easy Membership - 2/3/2011

E-Central Credit Union continues to offer some competitive long-term CD and IRA CD rates. These include a 2.62% APY 5-year CD, a 2.27% APY 4-year CD and a 1.97% APY 3-year CD. Minimum deposit for thes ...

Competitive CD and IRA CD Rates at E-Central Credit Union in Los Angeles - Easy Membership - 9/15/2010

E-Central Credit Union is offering some competitive long-term CD and IRA CD rates. These include a 2.87% APY 5-year CD, a 2.62% APY 4-year CD and a 2.27% APY 3-year CD. Minimum deposit for these rates ...

2.00% 12-Month Semi-Liquid CD at E-Central Credit Union in CA - Easy Membership - 10/26/2009

E-Central Credit Union continues to offer a special 12-month semi-liquid CD. The rate has fallen since my June post, but it remains competitive with a 2.00% APY. This special is listed in the credit union's News Center page as of 10/26/09.The credit...

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11/15 - 5.35% 9-Month CD at a California CU - Easy Membership (E-Central).

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

E-Central Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.05%	$250	-	Premium Checking

E-Central Credit Union Savings Account Rates

Apy	Min	Max	Product
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

	Apy	Min	Max	Product
	0.25%	$100k	-	Money Market

E-Central Credit Union CD Rates

Apy	Min	Max	Product
1.41%	$1k	-	60 Month CD
1.00%	$1k	-	48 - 59 Month CD
0.75%	$1k	-	36 - 47 Month CD
0.60%	$1k	-	24 - 35 Month CD
0.40%	$1k	-	12 - 23 Month CD
0.35%	$1k	-	6 - 11 Month CD
0.20%	$1k	-	3 - 5 Month CD

E-Central Credit Union IRA Rates

Apy	Min	Max	Product
1.41%	$1k	-	60 Month IRA
1.41%	$1k	-	60 Month Roth IRA
1.41%	$1k	-	60 Month CESA
1.00%	$1k	-	48 - 59 Month IRA
1.00%	$1k	-	48 - 59 Month Roth IRA
1.00%	$1k	-	48 - 59 Month CESA
0.75%	$1k	-	36 - 47 Month IRA
0.75%	$1k	-	36 - 47 Month Roth IRA
0.75%	$1k	-	36 - 47 Month CESA
0.60%	$1k	-	24 - 35 Month IRA
0.60%	$1k	-	24 - 35 Month Roth IRA
0.60%	$1k	-	24 - 35 Month CESA
0.40%	$1k	-	12 - 23 Month IRA
0.40%	$1k	-	12 - 23 Month Roth IRA
0.40%	$1k	-	12 - 23 Month CESA
0.35%	$1k	-	6 - 11 Month IRA
0.35%	$1k	-	6 - 11 Month Roth IRA
0.35%	$1k	-	6 - 11 Month CESA
0.20%	$1k	-	3 - 5 Month IRA
0.20%	$1k	-	3 - 5 Month Roth IRA
0.20%	$1k	-	3 - 5 Month CESA

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

E-CENTRAL
NCUA #	62323
BankRate Report	View
Year Chartered	1943
Employees	41
Primary Regulator
Assets and Liabilities
Assets	$162.58 million
Loans	$87.73 million
Deposits	$141.29 million
Equity Capital	$20.67 million
Loan Loss Allowance	$5.50 million
Unbacked Noncurrent Loans	$1.43 million
Real Estate Owned	$162,000
Historic Data - December 2011
Assets	$166.69 million
Equity Capital	$18.06 million
Loan Loss Allowance	$6.92 million
Unbacked Noncurrent Loans	$5.00 million
Real Estate Owned	$472,000
Profit Margin - Quarterly
Net Interest Margin	5.1%
Return on Assets	1.6%
Return on Equity	12.6%
Interest Income	$6.04 million
Non-Interest Income	$2.74 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2012 E-Central Credit Union had $1.59 million in non-current loans and owned real-estate with $26.16 million in equity and loan loss allowances on hand to cover it. This gives E-Central Credit Union a Texas Ratio of 6.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for E-Central Credit Union decreased significantly from 21.92% as of December 31, 2011 to 6.08% as of December 31, 2012, resulting in a positive change of 72.28%.This indicates that the balance sheet and financial strength for E-Central Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, E-Central Credit Union has decreased its total deposits by -$6.64 million, resulting in -4.49% 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
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 $162.58 million in assets with $26.16 million in equity, resulting in a capitalization level of 16.09%, which is excellent.

I Would Not Recommend Them To Anyone
1 stars

- MarioS - Friday, February 15, 2013 - 3:33 PM

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.