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Overview / Commentary
3715 Haven Ave Ste 200
Menlo Park, CA 94025

Reach Credit Union is headquartered in REDWOOD CITY and is the 152nd largest credit union in the state of California. It is also the 1,484th largest credit union in the nation. It was established in 1971 and as of December of 2013, it had grown to 19 employees and 6,757 members. Reach Credit Union has a B+ health rating.

Field of Membership Restrictions

First, you must be a U.S. citizen, a U.S. permanent resident or a Foreign National authorized to work in the United States. Then, you must be employed (active or retired) by the following sponsor organizations, its subsidiaries or business units: Tyco International; TE Connectivity; Covidien; ADT; EloTouch Solutions; Atkore. If you are related to and/or living with someone who is a member, you are eligible! - See Details

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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 Reach Credit Union had $365,000 in non-current loans and owned real-estate with $8.67 million in equity and loan loss allowances on hand to cover it. This gives Reach Credit Union a Texas Ratio of 4.21% 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 Reach Credit Union experienced no significant changes from 4.08% as of December 31, 2012 to 4.21% as of December 31, 2013, resulting in a negative change of 3.13%. This indicates that the balance sheet and financial strength for Reach Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Reach Credit Union has decreased its total deposits by -$2.23 million, resulting in -2.36% 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 Reach Credit Union has shown is 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. Reach Credit Union has $100.53 million in assets with $8.67 million in equity, resulting in a capitalization level of 8.63%, which is average.

Institution Statistics

NCUA #20699
Year Chartered1971
Primary Regulator
Assets and Liabilities
Assets$100.53 million
Loans$42.18 million
Deposits$92.01 million
Equity Capital$8.18 million
Loan Loss Allowance$492,000
Unbacked Noncurrent Loans$365,000
Real Estate Owned$0
Historic Data - December 2012
Assets$102.71 million
Equity Capital$7.97 million
Loan Loss Allowance$657,000
Unbacked Noncurrent Loans$365,000
Real Estate Owned$57,000
Profit Margin - Quarterly
Net Interest Margin5.03%
Return on Assets0.49%
Return on Equity6.04%
Interest Income$2.70 million

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Reach Credit Union Savings Account Rates

0.20%--Holiday Club Account
0.20%--Vacation Club Account
0.15%--IRA Account
0.10%$50-Savings Account

Reach Credit Union Money Market Rates

0.20%$10k-Money Market Account

Reach Credit Union Checking Account Rates

0.00%--Checking Account

Reach Credit Union CD Rates

1.21%$500-36 Month CD
1.05%$500-30 Month w/Bump-Up CD
0.95%$500-24 Month CD
0.80%$500-18 Month w/Bump-Up CD
0.60%$500-12 Month CD
0.30%$500-6 Month CD

Reach Credit Union IRA Rates

1.21%$500-36 Month IRA
1.05%$500-30 Month w/Bump-Up IRA
0.95%$500-24 Month IRA
0.80%$500-18 Month w/Bump-Up IRA
0.60%$500-12 Month IRA
0.30%$500-6 Month IRA

Reach Credit Union Locations
Branch Office8000 Purfoy RdFuquay Varina, NC 27526-8938
Branch Office3715 Haven Ave Ste 200Menlo Park, CA 94025