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P.O. Box 9506
Bakersfield, CA 93389

Kern Schools Credit Union is headquartered in Bakersfield and is the 25th largest credit union in the state of California. It is also the 157th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 383 employees and 160,238 members. Kern Schools Credit Union's savings rates are 4X the national average, and it has a A health rating.

Field of Membership Restrictions

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

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Great Place To Bank

Great organization that contributes to the community and cares about its members.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Kern Schools Credit Union had $4.12 million in non-current loans and owned real-estate with $131.64 million in equity and loan loss allowances on hand to cover it. This gives Kern Schools Credit Union a Texas Ratio of 3.13% 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 Schools Credit Union decreased dramatically from 5.27% as of March 31, 2013 to 3.13% as of March 31, 2014, resulting in a positive change of 40.63%.This indicates that the balance sheet and financial strength for Kern Schools Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Kern Schools Credit Union has decreased its total deposits by -$8.23 million, resulting in -0.71% 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 Schools Credit Union has shown is 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 Schools Credit Union has $1.29 billion in assets with $131.64 million in equity, resulting in a capitalization level of 10.19%, which is above average.

Institution Statistics

NCUA #3804
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$1.29 billion
Loans$681.80 million
Deposits$1.16 billion
Equity Capital$121.70 million
Loan Loss Allowance$9.93 million
Unbacked Noncurrent Loans$3.89 million
Real Estate Owned$225,000
Historic Data - March 2013
Assets$1.29 billion
Equity Capital$104.70 million
Loan Loss Allowance$15.14 million
Unbacked Noncurrent Loans$3.89 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets1.46%
Return on Equity15.49%
Interest Income$9.43 million
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Kern Schools Credit Union Savings Account Rates

2.02%--Escrow Club Account
0.10%--Summer Pay Account
0.10%--Club Account
0.10%$100-IRA Club Account
0.10%$10k-Regular Share Account
0.10%$100-Roth IRA Club Account
0.10%$100-CESA Club Account

Kern Schools Credit Union Money Market Rates

0.25%$100k-Money Market Account

Kern Schools Credit Union CD Rates

1.25%$1k-60 Month Share Certificate
0.85%$1k-48 Month Share Certificate
0.75%$1k-36 Month Share Certificate
0.55%$1k-24 Month Share Certificate
0.40%$1k-18 Month Share Certificate
0.35%$1k-12 Month Share Certificate
0.30%$1k-6 Month Share Certificate
0.05%$25-12 Month Simple Saver Share Certificate

Kern Schools Credit Union IRA Rates

1.25%$100-60 Month IRA Certificate
0.85%$100-48 Month IRA Certificate
0.75%$100-36 Month IRA Certificate
0.55%$100-24 Month IRA Certificate
0.35%$100-12 Month IRA Certificate

Kern Schools Credit Union has 15 locations. Click to view all Kern Schools Credit Union locations.