Point Loma Credit Union is headquartered in San Diego and is the 74th largest credit union in the state of California. It is also the 488th largest credit union in the nation. It was established in 1948 and as of September of 2013, it had grown to 108 employees and 41,479 members. Point Loma Credit Union has a B health rating.
Eligible to everyone who lives, works or worships in San Diego and Riverside Counties and members of their families. - See Details
Something is happening at PLCU and it's not good. Share rates are dropping like lead flies and they now have started charging for their on-line Bill Pay service, which was previously free. Their rationale for charging is that they can no longer stand the approximately $7.00 per user that the outside bill payer service charges PLCU per month, so must charge half that amount to each user. This while other CU's have stopped charging and added services.
PLCU's rates have wallowed at the bottom of the local CU pile, while others offer rates a percent, or even two in some cases, higher for the same time frame in IRA and time deposits. PLCU offers no specials on short or interim time deposits to invite capital into their hands.
Finally, communications to their management and even superviisory committee go unheeded, which is, to me, a really bad sign of problems at the top. I don't think they want to communicate with the depositors at all. In my case, it didn't matter as my funds went elsewhere. But for others, looking at your Health rating, maybe it's time to take a closer look and see what's going on here that might or might not give you comfort about this CU.
This is the WORST bank you will ever go to. Do yourself a favor and never go.
The worst customer service, will be on hold forever and don't ever be late on a payment
because your now in the "collection department" and will be treated like a criminal.
The same kind of person who likes giving someone a parking ticket is the same
kind of person you will deal with. And if you ask to speak to a manager, they
won't let you. They will keep you on hold forever and then conveniently hang
up on you. The worst!
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 September 30, 2013 Point Loma Credit Union had $6.31 million in non-current loans and owned real-estate with $37.3 million in equity and loan loss allowances on hand to cover it. This gives Point Loma Credit Union a Texas Ratio of 16.92% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Point Loma Credit Union decreased dramatically from 28.48% as of September 30, 2012 to 16.92% as of September 30, 2013, resulting in a positive change of 40.58%.This indicates that the balance sheet and financial strength for Point Loma Credit Union has improved dramatically in recent periods.
In the past year, Point Loma Credit Union has increased its total deposits by $1.23 million, resulting in 0.31% 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 Point Loma 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. Point Loma Credit Union has $441.76 million in assets with $37.3 million in equity, resulting in a capitalization level of 8.44%, which is average.
|Assets and Liabilities|
|Equity Capital||$30.29 million|
|Loan Loss Allowance||$7.01 million|
|Unbacked Noncurrent Loans||$5.73 million|
|Real Estate Owned||$587,000|
|Historic Data - September 2012|
|Equity Capital||$30.07 million|
|Loan Loss Allowance||$7.97 million|
|Unbacked Noncurrent Loans||$5.73 million|
|Real Estate Owned||$2.74 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.94%|
|Return on Assets||0.02%|
|Return on Equity||0.26%|
|Interest Income||$9.29 million|
Always verify rates and promotions with the bank or credit union. We are not Point Loma Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.02%||$2,500||-||Holiday Club Account|
|0.02%||$2,500||-||Looney Tunes Savings Club|
|0.01%||-||-||Roth IRA Savings|
|0.85%||$1k||-||5 Year CD|
|0.66%||$1k||-||4 Year CD|
|0.43%||$1k||-||3 Year CD|
|0.09%||$1k||-||2 Year CD|
|0.04%||$50||-||1 Year Add-on CD|
|0.01%||$1k||-||3 Month CD|
|0.01%||$1k||-||6 Month CD|
|0.85%||$1k||-||5 Year IRA CD|
|0.85%||$1k||-||5 Year Roth IRA|
|0.85%||$1k||-||5 Year Roth IRA Transfer|
|0.66%||$1k||-||4 Year IRA CD|
|0.66%||$1k||-||4 Year Roth IRA|
|0.66%||$1k||-||4 Year Roth IRA Transfer|
|0.43%||$1k||-||3 Year IRA CD|
|0.43%||$1k||-||3 Year Roth IRA|
|0.43%||$1k||-||3 Year Roth IRA Transfer|
|0.09%||$1k||-||2 Year IRA CD|
|0.09%||$1k||-||2 Year Roth IRA|
|0.09%||$1k||-||2 Year Roth IRA Transfer|
|0.04%||$50||-||1 Year IRA CD|
|0.04%||$50||-||1 Year Roth IRA|
|0.04%||$50||-||1 Year Roth IRA Transfer|
|Point Loma Credit Union Locations|
|Branch Office||3003 Highland Ave Ste C||National City, CA 91950|
|Branch Office||9420 Farnham St||San Diego, CA 92123|
|Branch Office||10413 Craftsman Way Ste 102||San Diego, CA 92127|
|Branch Office||780 Jamacha Rd||El Cajon, CA 92019|
|Branch Office||6971 El Camino Real||Carlsbad, CA 92009|
|Branch Office||200 Catalina Blvd||San Diego, CA 92106-3268|
|Branch Office||3777 Sports Arena Blvd||San Diego, CA 92110-5131|