Telesis Community Credit Union

Telesis Community Credit Union Locations

9301 Winnetka Avenue
Chatsworth, CA 91311
(800) 895-8328
www.telesiscu.com

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ALEXANDRIA, Va. (March 23, 2012) – The California Department of Financial Institutions today placed Telesis Community Credit Union into conservatorship and immediately appointed the National Credit Union Administration (NCUA) as conservator. Telesis Community Credit Union is a state-chartered, federally insured credit union headquartered in Chatsworth, Calif.

Telesis Community Credit Union Routing Number: 322280304

4.20% 10-Month Liquid CD at Telesis Community CU in California - 9/17/2008

Telesis Community Credit Union is offering a 4.20% APY 10-month liquid certificate. The minimum deposit is $5,000. It has two liquid features: 1) allows additional deposits (minimum of $100) any time, up to the $100,000 limit, and 2) allows up to two...

10.00% 5-Month CD at a California CU - $2K Max (Telesis Community) - 7/10/2008

Telesis Community Credit Union is offering a special certificate with a yield of 10% APY and a term of 5 months. The minimum deposit is $500, and the maximum is $2,000. It requires opening a new checking account with direct deposit of payroll or social...

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

Telesis Community Credit Union Checking Account Rates

Apy	Min	Max	Product
0.10%	$2k	-	Ultimate Checking
0.00%	$100	-	Premier Business Checking

Telesis Community Credit Union Savings Account Rates

Apy	Min	Max	Product
0.55%	$50k	-	Coverdell Education Savings
0.55%	$50k	-	IRA Savings
0.55%	$50k	-	Roth IRA Savings
0.40%	$5k	-	Direct Deposit Savings
0.40%	$5k	-	IRA Direct Deposit Savings
0.40%	$5k	-	Roth IRA Direct Deposit Savings
0.25%	$25k	-	Liquid Advantage
0.25%	$25k	-	IRA Liquid Advantage
0.25%	$25k	-	Roth IRA Liquid Advantage
0.25%	$25k	-	Business Liquid Advantage
0.15%	$250	-	Regular Savings Account
0.15%	-	-	Holiday Club Account
0.15%	-	-	Team Telesis Youth Account
0.15%	$1k	-	Business Savings Account

Telesis Community Credit Union Money Market Rates

Apy	Min	Max	Product
0.55%	$100k	-	Money Management
0.55%	$100k	-	Market Advantage
0.55%	$100k	-	Relationship Money Management
0.55%	$100k	-	IRA Money Management
0.55%	$100k	-	Roth IRA Money Management
0.55%	$100k	-	Business Relationship Management
0.55%	$100k	-	Business Market Advantage
0.40%	$100k	-	Business Money Management

Telesis Community Credit Union CD Rates

Apy	Min	Max	Product
0.60%	$2,500	-	12 Month Share Certificate
0.60%	$10k	-	12 Month Business Share Certificate
0.40%	$2,500	-	6 Month Share Certificate
0.40%	$10k	-	6 Month Business Share Certificate
0.20%	$2,500	-	3 Month Share Certificate
0.20%	$200	-	College Saver Certificate
0.20%	$10k	-	3 Month Business Share Certificate

Telesis Community Credit Union IRA Rates

Apy	Min	Max	Product
0.60%	$2,500	-	12 Month IRA Certificate
0.60%	$2,500	-	12 Month Roth IRA Certificate
0.40%	$2,500	-	6 Month IRA Certificate
0.40%	$2,500	-	6 Month Roth IRA Certificate
0.20%	$2,500	-	3 Month IRA Certificate
0.20%	$2,500	-	3 Month Roth IRA Certificate

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

TELESIS COMMUNITY
NCUA #	68396
BankRate Report	View
Year Chartered	1965
Employees	175
Primary Regulator
Assets and Liabilities
Assets	$318.32 million
Loans	$243.38 million
Deposits	$263.22 million
Equity Capital	$17.47 million
Loan Loss Allowance	$20.74 million
Unbacked Noncurrent Loans	$29.80 million
Real Estate Owned	$3.45 million
Historic Data - December 2010
Assets	$405.34 million
Equity Capital	$26.68 million
Loan Loss Allowance	$17.23 million
Unbacked Noncurrent Loans	$35.13 million
Real Estate Owned	$1.85 million
Profit Margin - Quarterly
Net Interest Margin	5.33%
Return on Assets	-1.45%
Return on Equity	-26.5%
Interest Income	$14.97 million
Non-Interest Income	$12.49 million

Institution Health

Overall Score:

2 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 Telesis Community Credit Union had $33.25 million in non-current loans and owned real-estate with $38.21 million in equity and loan loss allowances on hand to cover it. This gives Telesis Community Credit Union a Texas Ratio of 87.01% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Telesis Community Credit Union held steady from 84.23% as of December 31, 2010 to 87.01% as of December 31, 2011, resulting in a negative change of 3.30%. This indicates that the balance sheet and financial strength for Telesis Community Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Telesis Community Credit Union has decreased its total deposits by -$48.81 million, resulting in -15.64% 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 Telesis Community Credit Union has shown is poor.
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. Telesis Community Credit Union has $318.32 million in assets with $38.21 million in equity, resulting in a capitalization level of 12.00%, which is excellent.