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Overview / Commentary
P.O. Box 1667
Bakersfield, CA 93302

Kern Credit Union is headquartered in BAKERSFIELD and is the 106th largest credit union in the state of California. It is also the 885th largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 63 employees and 21,350 members. Kern Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or go to school in Kern County. - See Details

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Data for Q4 2013

Institution Health


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, 2013 Kern Credit Union had $1.45 million in non-current loans and owned real-estate with $30.85 million in equity and loan loss allowances on hand to cover it. This gives Kern Credit Union a Texas Ratio of 4.70% 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 Kern Credit Union decreased dramatically from 6.74% as of December 31, 2012 to 4.70% as of December 31, 2013, resulting in a positive change of 30.24%.This indicates that the balance sheet and financial strength for Kern Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Kern Credit Union has increased its total deposits by $4.01 million, resulting in 2.29% 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 Kern Credit Union has shown is above average.



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. Kern Credit Union has $208.92 million in assets with $30.85 million in equity, resulting in a capitalization level of 14.77%, which is excellent.

Institution Statistics

NCUA #6032
Year Chartered1949
Primary Regulator
Assets and Liabilities
Assets$208.92 million
Loans$140.76 million
Deposits$179.32 million
Equity Capital$28.39 million
Loan Loss Allowance$2.46 million
Unbacked Noncurrent Loans$1.19 million
Real Estate Owned$264,000
Historic Data - December 2012
Assets$211.31 million
Equity Capital$26.67 million
Loan Loss Allowance$3.55 million
Unbacked Noncurrent Loans$1.19 million
Real Estate Owned$622,000
Profit Margin - Quarterly
Net Interest Margin4.25%
Return on Assets0.87%
Return on Equity6.4%
Interest Income$6.83 million

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Kern Credit Union Savings Account Rates

0.10%$10k-Savings Account
0.10%$100-IRA Savings Account

Kern Credit Union Money Market Rates

0.30%$100k-Money Market Account

Kern Credit Union Checking Account Rates

0.05%$25-Plus Checking
0.05%$100-Business Interest Checking

Kern Credit Union CD Rates

0.80%$1k-36 Month CD
0.55%$1k-24 Month CD
0.35%$1k-12 Month CD
0.35%$100k-12 Month Jumbo CD
0.30%$1k-6 Month CD
0.30%$100k-6 Month Jumbo CD
0.20%$1k-3 Month CD
0.20%$100k-3 Month Jumbo CD

Kern Credit Union IRA Rates

1.25%$1k-60 Month IRA Certificate
1.05%$1k-48 Month IRA Certificate
0.80%$1k-36 Month IRA Certificate
0.55%$1k-24 Month IRA Certificate
0.35%$1k-12 Month IRA Certificate
0.35%$100k-12 Month Jumbo IRA Certificate
0.30%$1k-6 Month IRA Certificate
0.30%$100k-6 Month Jumbo IRA Certificate
0.20%$1k-3 Month IRA Certificate
0.20%$100k-3 Month Jumbo IRA Certificate

Kern Credit Union Locations
Branch Office4180 Coffee RdBakersfield, CA 93308
Branch Office1717 Truxtun AveBakersfield, CA 93301-5102