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5785 Oberlin Dr
San Diego, CA 92121-3749

Mission Federal Credit Union is headquartered in San Diego and is the 10st largest credit union in the state of California. It is also the 56th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 445 employees and 169,500 members. Mission Federal Credit Union has a A+ health rating.

Field of Membership Restrictions

You qualify to join and open your new account with Mission Fed if you live, work or attend school in San Diego County. You also qualify if you maintain a business or other legal entity in San Diego County. - See Details

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Reviews (1)

Mission Federal Credit Union better than banks

I've been a Mission Federal member for over 20 years, and I have never had a problem. The tellers have always been courteous and helpful. Even when a mistake was made, which happens (funds were put in the wrong account) when I returned to correct the error they were very helpful and made the necessary correction right away, which I doubt one would encounter at a bank. And just recently when there was an issue with my business account which needed my attention Mission Federal emailed me right away to inform me.

I would tell anyone who is fed up with banks to give Mission Federal a try. Great staff and great service. What more can you ask for?


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 Mission Federal Credit Union had $5.31 million in non-current loans and owned real-estate with $310.24 million in equity and loan loss allowances on hand to cover it. This gives Mission Federal Credit Union a Texas Ratio of 1.71% 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 Mission Federal Credit Union experienced no significant changes from 1.73% as of March 31, 2013 to 1.71% as of March 31, 2014, resulting in a positive change of 0.86%.This indicates that the balance sheet and financial strength for Mission Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Mission Federal Credit Union has increased its total deposits by $87.19 million, resulting in 4.11% 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 Mission Federal Credit Union has shown is excellent.



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. Mission Federal Credit Union has $2.54 billion in assets with $310.24 million in equity, resulting in a capitalization level of 12.19%, which is excellent.

Institution Statistics

NCUA #14384
Year Chartered1961
Primary Regulator
Assets and Liabilities
Assets$2.54 billion
Loans$1.36 billion
Deposits$2.21 billion
Equity Capital$297.06 million
Loan Loss Allowance$13.18 million
Unbacked Noncurrent Loans$4.77 million
Real Estate Owned$543,000
Historic Data - March 2013
Assets$2.42 billion
Equity Capital$265.97 million
Loan Loss Allowance$22.42 million
Unbacked Noncurrent Loans$4.77 million
Real Estate Owned$393,000
Profit Margin - Quarterly
Net Interest Margin0.99%
Return on Assets1.04%
Return on Equity8.9%
Interest Income$16.46 million

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

Mission Federal Credit Union Savings Account Rates

0.50%--Summer Club Savings w/ Direct Deposit
0.50%--Holiday Saver w/ Direct Deposit
0.25%--Summer Club Savings w/o Direct Deposit
0.25%--Holiday Saver w/o Direct Deposit
0.10%--Savings Account
0.10%--IRA Savings
0.10%--Roth IRA Savings
0.10%--SEP IRA Savings
0.10%--Coverdell Education Savings
0.10%--Business Savings Account

Mission Federal Credit Union Money Market Rates

0.15%$2,500-Money Market Account
0.15%$2,500-Business Money Market Account

Mission Federal Credit Union Checking Account Rates

0.05%$500-Smart Checking
0.05%$10k-Business Dividend Checking

Mission Federal Credit Union CD Rates

2.00%$10k-60 Month CD
2.00%$10k-Business 60 Month CD
1.50%$10k-48 Month CD
1.50%$10k-Business 48 Month CD
1.00%$10k-36 Month CD
1.00%$10k-Business 36 Month CD
0.70%$10k-24 Month CD
0.70%$10k-Business 24 Month CD
0.50%$10k-18 Month CD
0.40%$10k-12 Month CD
0.40%$10k-Business 12 Month CD
0.30%$10k-6 Month CD
0.30%$10k-Business 6 Month CD
0.20%$10k-3 Month CD
0.20%$10k-Business 3 Month CD

Mission Federal Credit Union IRA Rates

2.00%$10k-60 Month IRA
1.50%$10k-48 Month IRA
1.00%$10k-36 Month IRA
0.70%$10k-24 Month IRA
0.50%$10k-18 Month IRA
0.40%$10k-12 Month IRA
0.30%$10k-6 Month IRA
0.20%$10k-3 Month IRA

Mission Federal Credit Union has 25 locations. Click to view all Mission Federal Credit Union locations.