Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
408-282-0700
1641 N 1st ST Ste 245
San Jose, CA 95112-4519

Santa Clara County Credit Union is headquartered in San Jose and is the 66th largest credit union in the state of California. It is also the 397th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 98 employees and 44,550 members. Santa Clara County Credit Union's savings rates are 4X the national average, and it has a A health rating.

Field of Membership Restrictions

Must be an active or retired employee of one of the several Corporate Partners. - See Details

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Santa Clara County Credit Union had $3.23 million in non-current loans and owned real-estate with $48.3 million in equity and loan loss allowances on hand to cover it. This gives Santa Clara County Credit Union a Texas Ratio of 6.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Santa Clara County Credit Union decreased slightly from 9.29% as of March 31, 2013 to 6.68% as of March 31, 2014, resulting in a positive change of 28.09%.This indicates that the balance sheet and financial strength for Santa Clara County Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Santa Clara County Credit Union has increased its total deposits by $19.42 million, resulting in 3.92% 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 Santa Clara County 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. Santa Clara County Credit Union has $565.94 million in assets with $48.3 million in equity, resulting in a capitalization level of 8.53%, which is average.

Institution Statistics

Overall
NCUA #24299
Year Chartered1950
Employees98
Primary Regulator
Assets and Liabilities
Assets$565.94 million
Loans$241.68 million
Deposits$515.20 million
Equity Capital$45.70 million
Loan Loss Allowance$2.60 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$2.10 million
Historic Data - March 2013
Assets$548.78 million
Equity Capital$46.27 million
Loan Loss Allowance$2.85 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$2.10 million
Profit Margin - Quarterly
Net Interest Margin1.3%
Return on Assets0.64%
Return on Equity7.95%
Interest Income$4.19 million
Rates

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

Santa Clara County Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.02%$25-Escrow (Real Estate loans only)
0.30%$25-Youth IRA Savings
0.30%$25-Youth Roth IRA Savings
0.30%$25-Youth ESA Savings
0.25%$25-Holiday Club - Gets Better
0.25%$25-Vacation Club - Gets Better
0.20%$25-Holiday Club - Starts Free
0.20%$25-Vacation Club - Starts Free
0.20%$25-IRA Savings
0.20%$25-Roth IRA Savings
0.20%$25-ESA Savings
0.15%$25-Vacation Club - Basic
0.15%$25-Holiday Club - Basic
0.15%$25-Get Started Teen Savings - Gets Better
0.15%$25-Regular Share Savings - Gets Better
0.10%$25-Get Started Teen Savings - Starts Free
0.10%$25-Regular Share Savings - Starts Free
0.05%$25-Regular Share Savings - Basic
0.05%$25-Get Started Teen Savings - Basic
0.05%$25-M3 Money Club Savings

Santa Clara County Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$125k-Members' Choice Money Market Accounts

Santa Clara County Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25-Rewards Checking - Gets Better

Santa Clara County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$100k-48 Month CD
1.10%$100k-36 Month CD
0.80%$100k-24 Month CD
0.45%$100k-12 Month CD
0.35%$100k-6 Month CD
0.15%$500-3 Month CD

Santa Clara County Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%$100k-48 Month IRA CD
1.10%$100k-36 Month IRA CD
0.80%$100k-24 Month IRA CD
0.45%$5k-12 Month Youth Roth IRA
0.45%$5k-12 Month Youth ESA
0.45%$100k-12 Month IRA CD
0.35%$100k-6 Month IRA CD
0.15%$500-3 Month IRA CD
Locations


Santa Clara County Credit Union Locations
Branch Office1638 W Campbell AveCampbell, CA 95008
Branch Office1641 N 1st ST Ste 245San Jose, CA 95112-4519
Branch Office6915 Camino ArroyoGilroy, CA 95020
Branch Office140 E San Fernando StSan Jose, CA 95112
Branch Office5353 Almaden ExpySan Jose, CA 95118
Branch Office852 N 1st StSan Jose, CA 95112
Branch Office255 N White RdSan Jose, CA 95127