Priority One Credit Union
Priority One Credit Union is headquartered in South Pasadena and is the 126th largest credit union in the state of California. It is also the 1,152nd largest credit union in the nation. It was established in 1929 and as of December of 2013, it had grown to 44 employees and 26,472 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
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.
Data for Q4 2013
Institution Health
Texas Ratio
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 Priority One Credit Union had $733,000 in non-current loans and owned real-estate with $13.18 million in equity and loan loss allowances on hand to cover it. This gives Priority One Credit Union a Texas Ratio of 5.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Priority One Credit Union held steady from 5.00% as of December 31, 2012 to 5.56% as of December 31, 2013, resulting in a negative change of 11.26%. This indicates that the balance sheet and financial strength for Priority One Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Priority One Credit Union has increased its total deposits by $1.36 million, resulting in 1.03% 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 above average.
Capitalization
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 $146.29 million in assets with $13.18 million in equity, resulting in a capitalization level of 9.01%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 60024 |
| Year Chartered | 1929 |
| Employees | 44 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $146.29 million |
| Loans | $71.66 million |
| Deposits | $133.06 million |
| Equity Capital | $12.14 million |
| Loan Loss Allowance | $1.05 million |
| Unbacked Noncurrent Loans | $467,000 |
| Real Estate Owned | $266,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $147.37 million |
| Equity Capital | $12.63 million |
| Loan Loss Allowance | $1.64 million |
| Unbacked Noncurrent Loans | $467,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.42% |
| Return on Assets | 0.21% |
| Return on Equity | 2.53% |
| Interest Income | $4.70 million |
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Priority One Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $25k | - | Money Market Account |
Priority One Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.01% | $500 | - | Premier Checking |
Priority One Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.84% | $2,500 | - | 60 Month Share Certificate | |
| 0.73% | $25k | - | 36 Month Share Certificate | |
| 0.68% | $1k | - | 36 Month Platinum Club Share Certificate | |
| 0.64% | $2,500 | - | 48 Month 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% | $500 | - | 9 Month Share Certificate Builder | |
| 0.15% | $250 | - | 9 Month Student Share Certificate Builder |
Priority One Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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 |
| Priority One Credit Union Locations | ||
|---|---|---|
| Branch Office | 7001 S Central Ave Rm 100 | Los Angeles, CA 90052-4200 |
| Branch Office | 1631 Huntington Dr | South Pasadena, CA 91030-4746 |
| Branch Office | 9029 Airport Blvd | Los Angeles, CA 90009 |
| Branch Office | 15701 Sherman Way | Van Nuys, CA 91406 |
| Branch Office | 28201 Franklin Pkwy | Santa Clarita, CA 91383 |