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Overview / Commentary
100 W. Walnut Street
Pasadena, CA 91124

Parsons Credit Union is headquartered in Pasadena and is the 103rd largest credit union in the state of California. It is also the 858th largest credit union in the nation. It was established in 1975 and as of March of 2014, it had grown to 21 employees and 7,279 members. Parsons Credit Union's savings rates are 17% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must work at Parsons Corporation, it's wholly owned subsidiary or several related companies. - See Details

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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 Parsons Credit Union had $38,000 in non-current loans and owned real-estate with $24.81 million in equity and loan loss allowances on hand to cover it. This gives Parsons Credit Union a Texas Ratio of 0.15% 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 Parsons Credit Union experienced no significant changes from 0.04% as of March 31, 2013 to 0.15% as of March 31, 2014, resulting in a negative change of 297.49%. This indicates that the balance sheet and financial strength for Parsons Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Parsons Credit Union has decreased its total deposits by -$17.2 million, resulting in -7.89% 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 Parsons Credit Union has shown is below 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. Parsons Credit Union has $225.74 million in assets with $24.81 million in equity, resulting in a capitalization level of 10.99%, which is above average.

Institution Statistics

NCUA #22141
Year Chartered1975
Primary Regulator
Assets and Liabilities
Assets$225.74 million
Loans$46.48 million
Deposits$200.79 million
Equity Capital$24.63 million
Loan Loss Allowance$184,000
Unbacked Noncurrent Loans$38,000
Real Estate Owned$0
Historic Data - March 2013
Assets$243.68 million
Equity Capital$25.35 million
Loan Loss Allowance$598,000
Unbacked Noncurrent Loans$38,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.04%
Return on Assets0.49%
Return on Equity4.5%
Interest Income$1.11 million
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Parsons Credit Union Savings Account Rates

0.61%--IRA Account
0.61%--Roth IRA Account
0.16%--Holiday Club Account
0.15%$10k-Primary Savings

Parsons Credit Union Checking Account Rates

0.08%--Checking Accounts

Parsons Credit Union CD Rates

2.25%$10k-5 Year Fixed-Term Annuity Share Certificate
2.25%$10k-10 Year Fixed-Term Annuity Share Certificate
2.25%$10k-15 Year Fixed-Term Annuity Share Certificate
2.25%$10k-20 Year Fixed-Term Annuity Share Certificate
0.96%$5k-5 Year CD Variable
0.96%$5k-5 Year CD Fixed
0.65%$2k-3 Year CD Variable
0.65%$2k-3 Year CD Fixed
0.50%$1k-2 Year CD Variable
0.50%$1k-2 Year CD Fixed
0.30%$500-1 Year CD Variable
0.30%$500-1 Year CD Fixed
0.25%$500-6 Month CD Fixed
0.20%$100-3 Months CD Fixed

Parsons Credit Union IRA Rates

0.96%$5k-5 Year Fixed IRA
0.70%$2k-18 Month Fixed IRA
0.65%$2k-3 Year Fixed IRA
0.50%$1k-2 Year Fixed IRA
0.30%$500-1 Year Fixed IRA
0.25%$500-6 Month Fixed IRA
0.20%$100-3 Months Fixed IRA

Parsons Credit Union Locations
Branch Office6330 West Loop SBellaire, TX 77401-2928
Branch Office75 N Fair Oaks AvePasadena, CA 91103-3651