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Overview / Commentary
6876 Magnolia Ave
Riverside, CA 92506

Rafe Credit Union is headquartered in Riverside and is the 269th largest credit union in the state of California. It is also the 3,365th largest credit union in the nation. It was established in 1963 and as of March of 2014, it had grown to 11 employees and 4,019 members. Rafe Credit Union has a C+ health rating.

Field of Membership Restrictions

Riverside County Attorneys, all Federal Employees, all Veterans and Family members, Tri-County Dentists and Family members. - See Details

Reviews (2)


THE WORST! Check Better Business Rating for yourself!!!!

RAFE - Need A Credit Union - This Isn't For You Unless You're Really Desperate

Check your pockets when you leave the building. Pick pockets don't try to rip you off as badly. Poor customer service, poor and inept management. Need a car loan, go anywhere else. How this group is still in business would be questionable unless via their loan recovery methods.


Data for Q1 2014

Institution Health

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

Texas Ratio


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 Rafe Credit Union had $848,000 in non-current loans and owned real-estate with $3.51 million in equity and loan loss allowances on hand to cover it. This gives Rafe Credit Union a Texas Ratio of 24.17% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Rafe Credit Union decreased dramatically from 35.96% as of March 31, 2013 to 24.17% as of March 31, 2014, resulting in a positive change of 32.80%.This indicates that the balance sheet and financial strength for Rafe Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Rafe Credit Union has decreased its total deposits by -$1.96 million, resulting in -9.12% 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 Rafe Credit Union has shown is below 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. Rafe Credit Union has $22.67 million in assets with $3.51 million in equity, resulting in a capitalization level of 15.48%, which is excellent.

Institution Statistics

NCUA #15396
Year Chartered1963
Primary Regulator
Assets and Liabilities
Assets$22.67 million
Loans$15.79 million
Deposits$19.51 million
Equity Capital$2.79 million
Loan Loss Allowance$720,000
Unbacked Noncurrent Loans$713,000
Real Estate Owned$135,000
Historic Data - March 2013
Assets$24.47 million
Equity Capital$2.64 million
Loan Loss Allowance$599,000
Unbacked Noncurrent Loans$713,000
Real Estate Owned$135,000
Profit Margin - Quarterly
Net Interest Margin3.48%
Return on Assets0.32%
Return on Equity2.58%
Interest Income$572,000
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Rafe Credit Union Savings Account Rates

0.50%$2k-IRA Accumulator Account
0.50%$2k-Roth IRA Accumulator Account
0.50%$2k-Educational IRA Accumulator Account
0.50%$2k-SEP IRA Accumulator Account
0.30%$100k-Share Savings
0.30%$100k-Vacation Club
0.30%$100k-Holiday Club

Rafe Credit Union Checking Account Rates

0.30%$100k-Checking Account

Rafe Credit Union CD Rates

1.61%$100k-60 Month Share Certificate
1.26%$100k-48 Month Share Certificate
0.95%$100k-36 Month Share Certificate
0.50%$2k-24 Month Share Certificate
0.35%$10k-12 Month Share Certificate
0.30%$50k-6 Month Share Certificate

Rafe Credit Union IRA Rates

1.61%$100k-60 Month IRA Certificate
1.26%$100k-48 Month IRA Certificate
0.95%$100k-36 Month IRA Certificate
0.50%$2k-24 Month IRA Certificate
0.35%$10k-12 Month IRA Certificate
0.30%$50k-6 Month IRA Certificate

Rafe Credit Union Locations
Branch Office609 W 21ST STYANKTON, SD 57078
Branch Office6876 Magnolia AveRiverside, CA 92506
Branch Office11201 Benton StLoma Linda, CA 923571000
Branch Office23403 E MISSION AVELIBERTY LAKE, WA 99019-7553