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324 Front St
Santa Cruz, CA 95060-4502

Santa Cruz Community Credit Union is headquartered in Santa Cruz and is the 149th largest credit union in the state of California. It is also the 1,472nd largest credit union in the nation. It was established in 1977 and as of March of 2014, it had grown to 36 employees and 11,370 members. Santa Cruz Community Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live or work in Santa Cruz County or north Monterey County. - See Details

Reviews (1)

There Are Better Options Than This Bank Available

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. 


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 Santa Cruz Community Credit Union had $3.34 million in non-current loans and owned real-estate with $11.25 million in equity and loan loss allowances on hand to cover it. This gives Santa Cruz Community Credit Union a Texas Ratio of 29.66% which is 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 experienced no significant changes from 27.52% as of March 31, 2013 to 29.66% as of March 31, 2014, resulting in a negative change of 7.77%. This indicates that the balance sheet and financial strength for Santa Cruz Community Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Santa Cruz Community Credit Union has increased its total deposits by $1.87 million, resulting in 2% 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 above 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. Santa Cruz Community Credit Union has $105.36 million in assets with $8.32 million in equity, resulting in a capitalization level of 7.90%, which is below average.

Institution Statistics

NCUA #64029
Year Chartered1977
Primary Regulator
Assets and Liabilities
Assets$105.36 million
Loans$65.74 million
Deposits$95.30 million
Equity Capital$6.44 million
Secondary Capital$2.93 million
Loan Loss Allowance$1.88 million
Unbacked Noncurrent Loans$3.34 million
Real Estate Owned$0
Historic Data - March 2013
Assets$103.00 million
Equity Capital$5.98 million
Loan Loss Allowance$1.82 million
Unbacked Noncurrent Loans$3.34 million
Real Estate Owned$113,000
Profit Margin - Quarterly
Return on Assets0.63%
Return on Equity10.31%
Interest Income$877,000
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Santa Cruz Community Credit Union Savings Account Rates

0.02%--Regular Savings Account
0.02%$50-IDA Savings Account

Santa Cruz Community Credit Union Money Market Rates

0.02%$2,500-Money Market Account

Santa Cruz Community Credit Union CD Rates

0.20%$1k-60 Month Share Certificate
0.10%$1k-48 Month Share Certificate
0.05%$1k-18 Month Share Certificate
0.05%$1k-24 Month Share Certificate
0.05%$1k-36 Month Share Certificate
0.02%$1k-6 Month Share Certificate
0.02%$1k-12 Month Share Certificate

Santa Cruz Community Credit Union IRA Rates

0.20%$1k-60 Month IRA
0.10%$1k-48 Month IRA
0.05%$100-18 Month IRA
0.05%$100-24 Month IRA
0.02%$100-6 Month IRA
0.02%$100-12 Month IRA

Santa Cruz Community Credit Union Locations
Branch Office324 Front StSanta Cruz, CA 95060-4502
Branch Office1428 Freedom BlvdWatsonville, CA 95076