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877-877-2177
26970 Aliso Viejo Pkwy, Suite 150
Aliso Viejo, CA 92656

Patriots Credit Union is headquartered in ALISO VIEJO and is the 163rd largest credit union in the state of California. It is also the 1,693rd largest credit union in the nation. It was established in 1962 and as of December of 2013, it had grown to 24 employees and 6,791 members. Patriots Credit Union has a C- health rating.

Field of Membership Restrictions

Must live, work or worship in the State of Califonia or be an employee of one of the several partner companies. - See Details

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Health

Data for Q4 2013

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Patriots Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
C

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 Patriots Credit Union had $2.14 million in non-current loans and owned real-estate with $5.97 million in equity and loan loss allowances on hand to cover it. This gives Patriots Credit Union a Texas Ratio of 35.80% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Patriots Credit Union increased slightly from 7.41% as of December 31, 2012 to 35.80% as of December 31, 2013, resulting in a negative change of 383.31%. This indicates that the balance sheet and financial strength for Patriots Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Patriots Credit Union has decreased its total deposits by -$2.18 million, resulting in -2.73% 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 Patriots Credit Union has shown is below average.

Capitalization

GRADE:
C-

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. Patriots Credit Union has $82.54 million in assets with $5.97 million in equity, resulting in a capitalization level of 7.24%, which is below average.

Institution Statistics

Overall
NCUA #14785
Year Chartered1962
Employees24
Primary Regulator
Assets and Liabilities
Assets$82.54 million
Loans$55.20 million
Deposits$77.65 million
Equity Capital$4.61 million
Loan Loss Allowance$1.36 million
Unbacked Noncurrent Loans$2.14 million
Real Estate Owned$0
Historic Data - December 2012
Assets$86.22 million
Equity Capital$6.10 million
Loan Loss Allowance$323,000
Unbacked Noncurrent Loans$2.14 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.44%
Return on Assets-1.8%
Return on Equity-32.24%
Interest Income$3.70 million
Rates
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Patriots Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Coverdell IRA
0.50%$50k-Roth IRA
0.50%$50k-Traditional IRA
0.25%$50k-Money Management
0.05%$300-Savings Account

Patriots Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Checking Account

Patriots Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-5 Year CD
0.45%$1k-4 Year CD
0.40%$1k-3 Year CD
0.30%$1k-2 Year CD
0.25%$1k-18 Month CD
0.20%$1k-1 Year CD
0.18%$1k-6 Month CD
0.10%$1k-3 Month CD

Patriots Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-5 Year IRA (Traditional,Roth)
0.45%$1k-4 Year IRA (Traditional,Roth)
0.40%$1k-3 Year IRA (Traditional,Roth)
0.30%$1k-2 Year IRA (Traditional,Roth)
0.25%$1k-18 Month IRA (Traditional,Roth)
0.20%$1k-1 Year IRA (Traditional,Roth)
0.18%$1k-6 Month IRA (Traditional,Roth)
0.10%$1k-3 Month IRA (Traditional,Roth)
Locations


Patriots Credit Union Locations
Branch Office26970 Aliso Viejo Pkwy Suite 150Aliso Viejo, CA 92656
Branch Office431 N Tustin Ave Ste ASanta Ana, CA 92705-3821