Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
650-588-6140
365 S Spruce Ave
South San Franc, CA 94080

Sierra Point Credit Union is headquartered in South San Francisco and is the 254th largest credit union in the state of California. It is also the 3,082nd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 8 employees and 2,588 members. Sierra Point Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work or worship in South San Francisco. - See Details

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



Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Sierra Point Credit Union has a low asset base.

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 Sierra Point Credit Union had $233,000 in non-current loans and owned real-estate with $2.4 million in equity and loan loss allowances on hand to cover it. This gives Sierra Point Credit Union a Texas Ratio of 9.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Sierra Point Credit Union decreased dramatically from 14.08% as of March 31, 2013 to 9.73% as of March 31, 2014, resulting in a positive change of 30.88%.This indicates that the balance sheet and financial strength for Sierra Point Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Sierra Point Credit Union has increased its total deposits by $561,000, resulting in 2.25% 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 Sierra Point Credit Union has shown is above average.

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. Sierra Point Credit Union has $27.64 million in assets with $2.4 million in equity, resulting in a capitalization level of 8.66%, which is average.

Institution Statistics

Overall
NCUA #68025
Year Chartered1954
Employees8
Primary Regulator
Assets and Liabilities
Assets$27.64 million
Loans$16.14 million
Deposits$25.49 million
Equity Capital$2.11 million
Loan Loss Allowance$281,000
Unbacked Noncurrent Loans$233,000
Real Estate Owned$0
Historic Data - March 2013
Assets$27.83 million
Equity Capital$2.90 million
Loan Loss Allowance$165,000
Unbacked Noncurrent Loans$233,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.38%
Return on Assets-2.52%
Return on Equity-32.92%
Interest Income$255,000
Rates
Skip to rates for:

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

Sierra Point Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$5k-Ultra Account Saver
0.02%$25-Share Savings Account
0.02%--Scottie Saver Account
0.02%--Neptune Club Account
0.02%--Special Savings Account
0.02%--Christmas Club Account
0.02%--IRA Share Account

Sierra Point Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$2,500-Ultra Checking

Sierra Point Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.32%$1k-3 Year Variable Share Term Certificate Special
0.15%$100-24 Month Share Term Certificate
0.10%$100-12 Month Share Term Certificate

Sierra Point Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.32%$1k-3 Year Variable IRA Share Term Certificate Special
0.15%$100-24 Month IRA Share Term Certificate
0.10%$100-12 Month IRA Share Term Certificate
Locations


Sierra Point Credit Union Locations
Branch Office365 S Spruce AveSouth San Francisco, CA 94080