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Overview / Commentary
877-762-8663
1631 Huntington Dr
South Pasadena, CA 91030

Priority One Credit Union is headquartered in South Pasadena and is the 125th largest credit union in the state of California. It is also the 1,132nd largest credit union in the nation. It was established in 1929 and as of March of 2014, it had grown to 42 employees and 26,277 members. Priority One Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be a postal employee in Los Angeles, Riverside or San Bernardino County or be an employee of General Services Administration (GSA) or several other companies. Also open to those who live or work in Santa Clarita Valley or San Fernando Valley. - See Details

Reviews (1)

Priority One CU, South Pasadena, CA

Your figures are old. The amount of the credit union's Net Income dropped again, at the end of June 2012, so there actual worth approximates $149 million and not $162 million as referencined on your site.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Priority One Credit Union had $800,000 in non-current loans and owned real-estate with $13.53 million in equity and loan loss allowances on hand to cover it. This gives Priority One Credit Union a Texas Ratio of 5.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Priority One Credit Union experienced no significant changes from 5.91% as of March 31, 2013 to 5.91% as of March 31, 2014, resulting in a positive change of 0.01%.This indicates that the balance sheet and financial strength for Priority One Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Priority One Credit Union has decreased its total deposits by $-166,000, resulting in -0.12% 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 Priority One Credit Union has shown is 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. Priority One Credit Union has $153.94 million in assets with $13.53 million in equity, resulting in a capitalization level of 8.79%, which is average.

Institution Statistics

Overall
NCUA #60024
Year Chartered1929
Employees42
Primary Regulator
Assets and Liabilities
Assets$153.94 million
Loans$71.81 million
Deposits$139.59 million
Equity Capital$12.49 million
Loan Loss Allowance$1.04 million
Unbacked Noncurrent Loans$534,000
Real Estate Owned$266,000
Historic Data - March 2013
Assets$152.94 million
Equity Capital$12.78 million
Loan Loss Allowance$1.57 million
Unbacked Noncurrent Loans$534,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.32%
Return on Equity3.94%
Interest Income$1.18 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Priority One Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Priority One Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$20-IRA Share
0.05%--Holiday Club
0.01%$150-Regular Savings
0.01%--P1-4k Youth Club

Priority One Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$25k-Money Market Account

Priority One Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%$1k-Premier Checking

Priority One Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.84%$2,500-60 Month Long Term Share Certificate
0.73%$25k-36 Month Share Certificate
0.68%$1k-36 Month Platinum Club Share Certificate
0.64%$2,500-48 Month Long Term Share Certificate
0.58%$25k-24 Month Share Certificate
0.53%$1k-24 Month Platinum Club Share Certificate
0.42%$25k-12 Month Share Certificate
0.38%$25k-6 Month Share Certificate
0.37%$1k-12 Month Platinum Club Share Certificate
0.33%$25k-3 Month Share Certificate
0.33%$1k-6 Month Platinum Club Share Certificate
0.28%$1k-3 Month Platinum Club Share Certificate
0.15%$250-9 Month Share Certificate Builder
0.15%$250-9 Month Student Share Certificate Builder

Priority One Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.99%$2,500-60 Month IRA Certificate
0.99%$2,500-60 Month Roth IRA Certificate
0.79%$2,500-48 Month IRA Certificate
0.79%$2,500-48 Month Roth IRA Certificate
0.62%$2,500-12 Month IRA Certificate
0.62%$2,500-12 Month Roth IRA Certificate
Locations


Priority One Credit Union Locations
Branch Office7001 S Central Ave Rm 100Los Angeles, CA 90052-4200
Branch Office1631 Huntington DrSouth Pasadena, CA 91030-4746
Branch Office9029 Airport BlvdLos Angeles, CA 90009
Branch Office15701 Sherman WayVan Nuys, CA 91406
Branch Office28201 Franklin PkwySanta Clarita, CA 91383