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888-363-1725
350 Convention Way
Redwood City, CA 94063

San Mateo Credit Union is headquartered in Redwood City and is the 50th largest credit union in the state of California. It is also the 298th largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 169 employees and 76,164 members. San Mateo Credit Union has a A health rating.

Field of Membership Restrictions

Must be a resident, employee or student in San Mateo County. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 San Mateo Credit Union had $3.36 million in non-current loans and owned real-estate with $62.55 million in equity and loan loss allowances on hand to cover it. This gives San Mateo Credit Union a Texas Ratio of 5.37% 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 San Mateo Credit Union experienced no significant changes from 3.24% as of December 31, 2012 to 5.37% as of December 31, 2013, resulting in a negative change of 65.61%. This indicates that the balance sheet and financial strength for San Mateo Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, San Mateo Credit Union has increased its total deposits by $33.04 million, resulting in 5.06% 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 San Mateo Credit Union has shown is excellent.

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. San Mateo Credit Union has $748.07 million in assets with $62.55 million in equity, resulting in a capitalization level of 8.36%, which is average.

Institution Statistics

Overall
NCUA #62736
Year Chartered1952
Employees169
Primary Regulator
Assets and Liabilities
Assets$748.07 million
Loans$426.29 million
Deposits$686.03 million
Equity Capital$58.53 million
Loan Loss Allowance$4.02 million
Unbacked Noncurrent Loans$3.07 million
Real Estate Owned$290,000
Historic Data - December 2012
Assets$712.68 million
Equity Capital$55.27 million
Loan Loss Allowance$4.89 million
Unbacked Noncurrent Loans$3.07 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.45%
Return on Assets0.44%
Return on Equity5.57%
Interest Income$24.65 million
Rates

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

San Mateo Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-Health Savings Account
0.10%$100-IRA
0.05%$50-Regular Savings
0.05%$100-Business Savings
0.05%--Youth Savers
0.05%$25-Holiday Savings

San Mateo Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-Money Market Plus
0.15%$100k-Business Money Market Plus

San Mateo Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.08%$10k-High-Yield Interest Checking
0.06%$25k-Interest Checking

San Mateo Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$2k-60 Month CD
0.75%$2k-48 Month CD
0.50%$2k-36 Month CD
0.30%$2k-30 Month CD
0.30%$2k-24 Month CD
0.25%$2k-18 Month CD
0.25%$2k-12 Month CD
0.25%$250-12 Month Youth CD
0.20%$2k-11 Month CD
0.15%$2k-6 Month CD
0.15%$500-9 Month Add-On CD
0.10%$2k-3 Month CD
0.10%$100-15 Month Registry CD

San Mateo Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$2k-60 Month IRA (Traditional,Roth)
1.00%$500-60 Month CESA
0.75%$2k-48 Month IRA (Traditional,Roth)
0.75%$500-48 Month CESA
0.50%$2k-36 Month IRA (Traditional,Roth)
0.50%$500-36 Month CESA
0.30%$2k-24 Month IRA (Traditional,Roth)
0.30%$2k-30 Month IRA (Traditional,Roth)
0.30%$500-24 Month CESA
0.30%$500-30 Month CESA
0.25%$2k-12 Month IRA (Traditional,Roth)
0.25%$2k-18 Month IRA (Traditional,Roth)
0.25%$2k-24 Month Add-On IRA (Traditional,Roth)
0.25%$500-12 Month CESA
0.25%$500-18 Month CESA
0.25%$500-24 Month Add-On CESA
Locations


San Mateo Credit Union Locations
Branch Office3117 Middlefield RdRedwood City, CA 94063
Branch Office1735 E Bayshore RdEast Palo Alto, CA 94303
Branch Office616 Ramona St Ste 3Palo Alto, CA 94301
Branch Office415 Westlake CtrDaly City, CA 94015-1432
Branch Office150 El Camino RealSouth San Francisco, CA 94080
Branch Office830 Jefferson AveRedwood City, CA 94063
Branch Office1515 S El Camino RealSan Mateo, CA 94402-3098
Branch Office350 Convention WayRedwood City, CA 94063
Branch Office525 Middlefield RdRedwood City, CA 94063-1623