Pasadena Service Credit Union

Pasadena Service Credit Union Locations
P.O. Box 70789
Pasadena, CA 911177789
877-297-4707
www.mypsfcu.org

Pasadena Service Credit Union is headquartered in Pasadena and is the 149th largest credit union in the state of California. It is also the 1,427th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 25 employees and 10,070 members. Pasadena Service Credit Union's savings rates are 2X the national average, and it boasts a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD

Pasadena Service Credit Union Checking Account Rates

ApyMinMaxProduct
1.50%-$25kHigh Yield Checking
0.05%$400-Interest Checking

Pasadena Service Credit Union Savings Account Rates

ApyMinMaxProduct
1.25%$100-IRA Savings
0.05%$50-Regular Share
0.05%$50-Holiday Club
0.05%$50-Vacation Club
0.05%$50-Youth Advantage

Pasadena Service Credit Union Money Market Rates

ApyMinMaxProduct
0.10%$2k-Money Market Account
0.10%$50k-Premium Money Market

Pasadena Service Credit Union CD Rates

ApyMinMaxProduct
1.00%$1k-60 Month Share Certificate
0.85%$1k-48 Month Share Certificate
0.10%$1k-3 Month Share Certificate
0.10%$1k-6 Month Share Certificate
0.10%$1k-12 Month Share Certificate
0.10%$1k-24 Month Share Certificate
0.10%$1k-36 Month Share Certificate
0.10%$100-12 Month College Fund Share Certificate

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


PASADENA SERVICE
NCUA #1368
BankRate ReportView
Year Chartered1936
Employees25
Primary Regulator

Assets and Liabilities

Assets$100.55 million
Loans$38.83 million
Deposits$91.54 million
Equity Capital$8.56 million
Loan Loss Allowance$932,000
Unbacked Noncurrent Loans$736,000

Historic Data - December 2010

Assets$96.81 million
Equity Capital$8.36 million
Loan Loss Allowance$1.10 million
Unbacked Noncurrent Loans$1.24 million

Profit Margin - Quarterly

Net Interest Margin5.56%
Return on Assets0.24%
Return on Equity2.86%
Interest Income$3.51 million
Non-Interest Income$966,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2011 Pasadena Service Credit Union had $736,000 in non-current loans and owned real-estate with $9.49 million in equity and loan loss allowances on hand to cover it. This gives Pasadena Service Credit Union a Texas Ratio of 7.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Pasadena Service Credit Union decreased significantly from 13.14% as of December 31, 2010 to 7.75% as of December 31, 2011, resulting in a positive change of 40.99%.This indicates that the balance sheet and financial strength for Pasadena Service Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, Pasadena Service Credit Union has increased its total deposits by $3.46 million, resulting in 3.92% 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 Pasadena Service Credit Union has shown is above average.
Capitalization3
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. Pasadena Service Credit Union has $100.55 million in assets with $9.49 million in equity, resulting in a capitalization level of 9.44%, which is average.
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Leave a Comment (1) »
Anonymous - October 20, 2011
The rates posted here are IRA CD rates, regular CD rates are lower.  For example, 5-year IRA CD rate is 2.61% for $10,000 , regular CD rate is 2.36%.

 
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