Orange County's Credit Union is headquartered in Santa Ana and is the 31st largest credit union in the state of California. It is also the 184th largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 244 employees and 86,514 members. Orange County's Credit Union has a A health rating.
Membership is available to anyone who lives or works in Orange or Riverside Counties and the neighboring communities of Long Beach, Signal Hill, Lakewood, and Cerritos. You may also be eligible if you have a relative who is currently a member of Orange County's Credit Union or you work for one of our Select Employer Groups. There is a one time $10 Membership fee and a savings account can be opened with a minimum opening deposit of $25. - See Details
If you, a customer of Orange County Credit Union (OCCU) make a complaint against its employees, who will conspire their co-workers all the way up to L. Savoit (Sr VP/Chief Operating Officer) to cripple you from all of your banking transactions. She said, "It is the credit union's policy." It happened to me. The branch manager, A. Chavez singled me out at the branch bullying me and shouting, "L. Savoit had sent you a letter; you have no right to talk to employees, make complaints at OCCU. You can only bank online. Leave NOW." She then called all the other branches to watch out for my presence and to prohibit me from doing transactions at the branch. I contacted OCCU's CEO S. Miytashiro, she approved the bullying conduct of L. Savoit and refused to respond my letters. The Dept of Financial Institutions (DFI) investigated the horrific and retaliatory operation of OCCU. L. Savoit replied to DFI defending the bullying employees and turned her lethal mouth to attack me saying, "Based on the advice of legal counsel and your actions, we restrict your banking at OCCU to electronic methods only." How do I make deposits and withdraw large sum? L. Savoit is power hungry and she demonstrated using her abusive power against customers. Such outrageous dictator practice of OCCU is barbaric, unethical, and has caused my financial hardship. The perpetrators of OCCU got away from their malicious conduct unpunished. I agreed with the other victims from the reviews that the employees of OCCU play ignorant, anti-customers, and out of control. I strongly not recommend this credit union to anyone!
The kindest words I can find are incompetent, inept and ultimately unresponsive. I won't bore you with the details. The posting of this requires givng them at least one star, for which they are catagorically unworthy. Do not waste you're time and in the end your money here. Shop elsewhere. Good Luck!
I had called Orange County Credit Union early in the year to have my debit overdraft feature "turned off". When looking over my account online I realized that it had not been turned off. I called them late May to "insure" this feature was turned off, spoke with them for half an hour about my concern asking to please turn this feature off as I did not want to get any overdrafts. A couple weeks ago, I noticed my debit card charges were going through and I was getting overdrafts. I called again. They said "yes" I had asked them to turn this feature off, but somehow it did not get turned off. I asked if they would refund my overdraft charges. After admitting they made a mistake they did not return all my overdraft charges. Then I called them again today, and they said it was not in their records that I ever called to turn off the feature, after the time before the agent said it WAS, INFACT, in their notes that I had called to have the feature turned off. Then it was not in their notes? Yikes....
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 Orange County's Credit Union had $5.73 million in non-current loans and owned real-estate with $107.46 million in equity and loan loss allowances on hand to cover it. This gives Orange County's Credit Union a Texas Ratio of 5.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Orange County's Credit Union experienced no significant changes from 5.36% as of December 31, 2012 to 5.33% as of December 31, 2013, resulting in a positive change of 0.48%.This indicates that the balance sheet and financial strength for Orange County's Credit Union has had no significant changes in recent periods.
In the past year, Orange County's Credit Union has increased its total deposits by $26.36 million, resulting in 2.81% 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 Orange County's 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. Orange County's Credit Union has $1.1 billion in assets with $107.46 million in equity, resulting in a capitalization level of 9.81%, which is above average.
|Assets and Liabilities|
|Equity Capital||$98.93 million|
|Loan Loss Allowance||$8.54 million|
|Unbacked Noncurrent Loans||$5.47 million|
|Real Estate Owned||$263,000|
|Historic Data - December 2012|
|Equity Capital||$99.04 million|
|Loan Loss Allowance||$10.80 million|
|Unbacked Noncurrent Loans||$5.47 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.45%|
|Return on Assets||0.86%|
|Return on Equity||9.52%|
|Interest Income||$31.84 million|
Always verify rates and promotions with the bank or credit union. We are not Orange County's Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.05%||$100||-||Sand Dollar Savings|
|0.05%||$100||-||Business Edge Savings|
|0.30%||$250k||-||Business Edge Money Market|
|0.05%||$100||-||Business Edge Interest Checking|
|1.95%||$100k||-||60 Month Term Share Certificate|
|1.95%||$100k||-||60 Month Business Edge Certificate|
|1.55%||$100k||-||48 Month Term Share Certificate|
|1.55%||$100k||-||48 Month Business Edge Certificate|
|1.20%||$100k||-||36 Month Term Share Certificate|
|1.20%||$100k||-||36 Month Business Edge Certificate|
|0.80%||$100k||-||24 Month Term Share Certificate|
|0.80%||$100k||-||24 Month Business Edge Certificate|
|0.60%||$100k||-||12 Month Term Share Certificate|
|0.60%||$100k||-||12 Month Business Edge Certificate|
|0.50%||$100k||-||6 Month Term Share Certificate|
|0.50%||$100k||-||6 Month Business Edge Certificate|
|1.95%||$100k||-||60 Month IRA Term Share Certificate (Traditional,Roth,CESA,SEP)|
|1.55%||$100k||-||48 Month IRA Term Share Certificate (Traditional,Roth,CESA,SEP)|
|1.20%||$100k||-||36 Month IRA Term Share Certificate (Traditional,Roth,CESA,SEP)|
|0.80%||$100k||-||24 Month IRA Term Share Certificate (Traditional,Roth,CESA,SEP)|
|0.60%||$100k||-||12 Month IRA Term Share Certificate (Traditional,Roth,CESA,SEP)|
|0.50%||$100k||-||6 Month IRA Term Share Certificate (Traditional,Roth,CESA,SEP)|