1 star ratingAverage User Rating:
1 star rating based on 1 review.

Point Loma Credit Union

Point Loma Credit Union Locations
9420 Farnham St
San Diego, CA 92123
888-495-3400
www.plcu.com

NCUA

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 474th largest credit union in the nation. It was established in 1948 and as of December of 2012, it had grown to 107 employees and 46,947 members. Point Loma Credit Union has a 4-star health rating.

Related Posts

High-Yield Reward Checking Account at Point Loma Credit Union in California - 3/16/2009

Update 11/09/09: The top rate has fallen to 2.50% APY.Point Loma Credit Union is offering a reward checking account called Ultra Rewards. The account offers the following features if certain monthly requirements are met:2.50% APY on balances up to...



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

Point Loma Credit Union Checking Account Rates

ApyMinMaxProduct
0.35%-$25kUltra Rewards
0.02%$10k-Checking Accounts

Point Loma Credit Union Savings Account Rates

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0.03%--Health Savings
0.03%--IRA Savings
0.03%--Roth IRA Savings
0.02%$2,500-Savings Account
0.02%$2,500-Holiday Club Account
0.02%$2,500-Looney Tunes Savings Club

Point Loma Credit Union Money Market Rates

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0.04%$50k-Money Management

Point Loma Credit Union CD Rates

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1.16%$1k-5 Year CD
0.73%$1k-4 Year CD
0.50%$1k-3 Year CD
0.16%$1k-2 Year CD
0.10%$50-1 Year Add-on CD
0.02%$1k-6 Month CD
0.01%$1k-3 Month CD

Point Loma Credit Union IRA Rates

ApyMinMaxProduct
1.16%$1k-5 Year IRA CD
1.16%$1k-5 Year Roth IRA
1.16%$1k-5 Year Roth IRA Transfer
0.73%$1k-4 Year IRA CD
0.73%$1k-4 Year Roth IRA
0.73%$1k-4 Year Roth IRA Transfer
0.50%$1k-3 Year IRA CD
0.50%$1k-3 Year Roth IRA
0.50%$1k-3 Year Roth IRA Transfer
0.16%$1k-2 Year IRA CD
0.16%$1k-2 Year Roth IRA
0.16%$1k-2 Year Roth IRA Transfer
0.10%$50-1 Year IRA CD
0.10%$50-1 Year Roth IRA
0.10%$50-1 Year Roth IRA Transfer

Rates updated: 5/20/2013

Data for Q4 2012


Institution Statistics


POINT LOMA
NCUA #68377
BankRate ReportView
Year Chartered1948
Employees107
Primary Regulator

Assets and Liabilities

Assets$439.50 million
Loans$236.71 million
Deposits$397.61 million
Equity Capital$30.23 million
Loan Loss Allowance$6.66 million
Unbacked Noncurrent Loans$9.36 million
Real Estate Owned$587,000

Historic Data - December 2011

Assets$440.36 million
Equity Capital$28.17 million
Loan Loss Allowance$9.12 million
Unbacked Noncurrent Loans$8.61 million
Real Estate Owned$3.52 million

Profit Margin - Quarterly

Net Interest Margin5.67%
Return on Assets0.47%
Return on Equity6.83%
Interest Income$14.54 million
Non-Interest Income$6.08 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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, 2012 Point Loma Credit Union had $9.95 million in non-current loans and owned real-estate with $36.89 million in equity and loan loss allowances on hand to cover it. This gives Point Loma Credit Union a Texas Ratio of 26.97% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Point Loma Credit Union decreased slightly from 32.52% as of December 31, 2011 to 26.97% as of December 31, 2012, resulting in a positive change of 17.06%.This indicates that the balance sheet and financial strength for Point Loma Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Point Loma Credit Union has increased its total deposits by $4.47 million, resulting in 1.14% 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.
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. Point Loma Credit Union has $439.5 million in assets with $36.89 million in equity, resulting in a capitalization level of 8.39%, which is average.
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Rates And Charges
1 stars - InDaSun - Thursday, July 22, 2010 - 6:26 PM

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.

7
 
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