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Overview / Commentary
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 299th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 167 employees and 76,867 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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Data for Q1 2014

Institution Health


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 San Mateo Credit Union had $1.84 million in non-current loans and owned real-estate with $63.09 million in equity and loan loss allowances on hand to cover it. This gives San Mateo Credit Union a Texas Ratio of 2.92% 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 San Mateo Credit Union experienced no significant changes from 2.61% as of March 31, 2013 to 2.92% as of March 31, 2014, resulting in a negative change of 11.90%. This indicates that the balance sheet and financial strength for San Mateo Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, San Mateo Credit Union has increased its total deposits by $21.38 million, resulting in 3.13% 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.



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 $767.55 million in assets with $63.09 million in equity, resulting in a capitalization level of 8.22%, which is average.

Institution Statistics

NCUA #62736
Year Chartered1952
Primary Regulator
Assets and Liabilities
Assets$767.55 million
Loans$434.77 million
Deposits$704.36 million
Equity Capital$58.96 million
Loan Loss Allowance$4.13 million
Unbacked Noncurrent Loans$1.56 million
Real Estate Owned$290,000
Historic Data - March 2013
Assets$745.13 million
Equity Capital$56.77 million
Loan Loss Allowance$4.30 million
Unbacked Noncurrent Loans$1.56 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.22%
Return on Equity2.91%
Interest Income$6.43 million

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San Mateo Credit Union Savings Account Rates

0.25%$100-Health Savings Account
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

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

San Mateo Credit Union Checking Account Rates

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

San Mateo Credit Union CD Rates

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

1.00%$2k-60 Month IRA
1.00%$500-60 Month CESA
0.75%$2k-48 Month IRA
0.75%$500-48 Month CESA
0.50%$2k-36 Month IRA
0.50%$500-36 Month CESA
0.30%$2k-24 Month IRA
0.30%$2k-30 Month IRA
0.30%$500-24 Month CESA
0.30%$500-30 Month CESA
0.25%$2k-12 Month IRA
0.25%$2k-18 Month IRA
0.25%$2k-24 Month Add-On IRA
0.25%$500-12 Month CESA
0.25%$500-18 Month CESA
0.25%$500-24 Month Add-On CESA

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