Average User Rating:
1 star rating based on 1 review.

Santa Cruz Community Credit Union

Santa Cruz Community Credit Union Locations

324 Front Street
Santa Cruz, CA 95060
(831) 425-7708
www.scruzccu.org

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Santa Cruz Community Credit Union is headquartered in SANTA CRUZ and is the 152^nd largest credit union in the state of California. It is also the 1,454^th largest credit union in the nation. It was established in 1977 and as of December of 2011, it had grown to 34 employees and 9,992 members. Santa Cruz Community Credit Union has a 3-star health rating.

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See Rates for: Savings | Money Market | CD | IRA

Santa Cruz Community Credit Union Savings Account Rates

Apy	Min	Max	Product
0.05%	$25	-	Regular Savings Account
0.05%	$50	-	IDA Savings Account

Santa Cruz Community Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.15%	$50k	-	Money Market Account

Santa Cruz Community Credit Union CD Rates

Apy	Min	Max	Product
0.75%	$1k	-	48 Month Share Certificate
0.75%	$1k	-	60 Month Share Certificate
0.45%	$1k	-	36 Month Share Certificate
0.35%	$1k	-	36 Month One-Time Bump Special Share Certificate
0.35%	$1k	-	18 Month Share Certificate
0.35%	$1k	-	24 Month Share Certificate
0.25%	$1k	-	12 Month Partnership Account Share Certificate
0.25%	$1k	-	12 Month Share Certificate
0.20%	$1k	-	6 Month Share Certificate
0.15%	$10k	-	5 Month Liquid Share Certificate
0.10%	$1k	-	3 Month Share Certificate

Santa Cruz Community Credit Union IRA Rates

Apy	Min	Max	Product
0.75%	$1k	-	60 Month IRA
0.75%	$1k	-	48 Month IRA
0.35%	$100	-	24 Month IRA - New Money Only
0.35%	$1k	-	36 Month Bump IRA
0.25%	$100	-	18 Month IRA - New Money Only
0.25%	$1k	-	12 Month IRA
0.15%	$100	-	12 Month IRA - New Money Only
0.10%	$100	-	6 Month IRA - New Money Only

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

SANTA CRUZ COMMUNITY
NCUA #	64029
BankRate Report	View
Year Chartered	1977
Employees	34
Primary Regulator
Assets and Liabilities
Assets	$96.47 million
Loans	$54.80 million
Deposits	$84.95 million
Equity Capital	$7.81 million
Loan Loss Allowance	$1.35 million
Unbacked Noncurrent Loans	$3.36 million
Historic Data - December 2010
Assets	$87.34 million
Equity Capital	$7.16 million
Loan Loss Allowance	$1.76 million
Unbacked Noncurrent Loans	$2.56 million
Profit Margin - Quarterly
Net Interest Margin	6.2%
Return on Assets	1.06%
Return on Equity	13.11%
Interest Income	$3.59 million
Non-Interest Income	$1.94 million

Institution Health

Overall Score:

3 out of 5

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, 2011 Santa Cruz Community Credit Union had $3.36 million in non-current loans and owned real-estate with $9.16 million in equity and loan loss allowances on hand to cover it. This gives Santa Cruz Community Credit Union a Texas Ratio of 36.65% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Santa Cruz Community Credit Union increased slightly from 28.66% as of December 31, 2010 to 36.65% as of December 31, 2011, resulting in a negative change of 27.88%. This indicates that the balance sheet and financial strength for Santa Cruz Community Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, Santa Cruz Community Credit Union has increased its total deposits by $8.11 million, resulting in 10.56% 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 Cruz Community Credit Union has shown is excellent.
Capitalization
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 Cruz Community Credit Union has $96.47 million in assets with $9.16 million in equity, resulting in a capitalization level of 9.50%, which is average.

There Are Better Options Than This Bank Available
1 stars

- NathansMommy - Thursday, January 19, 2012 - 6:13 PM

I have been with this bank for over 7 years now and am closing my account. I have noticed that they go through and enter debits ahead of deposits - even when they are received at the same time! This of course means that they can charge fees. It has happened on several occasions now and only once has someone reversed the fees and acknowledged to me that the items were received at the same time. When I spoke to their manager Mindy she very rudely explained to me that they do not have to provide me with details as to what times items are received and that I need to trust them they are entered as they come in. Unfortunately for her since I went through this once before and had the fees all reversed I already know this is not the truth. When I explained to her I knew this not to be the case she became incredibly condescending. I have always been an advocate for small local banking but I cannot wait to leave this place now. I wish that my tax return wasn't already scheduled for deposit so that I could close my account today. These people do not really care about the members of our community as evidence by how their management thinks it's ok to speak to a long time "valued" customer. If you want a credit union I urge you to go to Bay federal instead.