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Overview / Commentary
2377 Crenshaw Blvd Ste 150
Torrance, CA 90501-3344

Torrance Community Credit Union is headquartered in Torrance and is the 142nd largest credit union in the state of California. It is also the 1,377th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 15 employees and 7,426 members. Torrance Community Credit Union has a A health rating.

Field of Membership Restrictions

Must live or work in Torrance, the Palos Verdes Penninsula, Redondo Beach, Hawthorne, Lawndale or Lennox. - See Details

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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 Torrance Community Credit Union had $53,000 in non-current loans and owned real-estate with $9.46 million in equity and loan loss allowances on hand to cover it. This gives Torrance Community Credit Union a Texas Ratio of 0.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Torrance Community Credit Union decreased dramatically from 1.13% as of March 31, 2013 to 0.56% as of March 31, 2014, resulting in a positive change of 50.39%.This indicates that the balance sheet and financial strength for Torrance Community Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Torrance Community Credit Union has increased its total deposits by $6.85 million, resulting in 6.89% 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 Torrance Community Credit Union has shown is excellent.



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. Torrance Community Credit Union has $115.98 million in assets with $9.46 million in equity, resulting in a capitalization level of 8.15%, which is average.

Institution Statistics

NCUA #12543
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$115.98 million
Loans$38.91 million
Deposits$106.26 million
Equity Capital$9.20 million
Loan Loss Allowance$255,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$0
Historic Data - March 2013
Assets$109.28 million
Equity Capital$9.31 million
Loan Loss Allowance$429,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.15%
Return on Assets0.55%
Return on Equity6.91%
Interest Income$654,000
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Torrance Community Credit Union Savings Account Rates

0.12%--Traditional IRA
0.12%--Roth IRA
0.12%--Coverdell Educational Savings
0.10%--Share Account
0.10%--Holiday Club Account

Torrance Community Credit Union Money Market Rates

0.20%$100k-Money Market Account

Torrance Community Credit Union CD Rates

0.46%$100k-24 Month Platinum CD
0.41%$50k$100k24 Month Jumbo CD
0.41%$100k-18 Month Platinum CD
0.36%$1k-24 Month CD
0.36%$50k$100k18 Month Jumbo CD
0.36%$100k-12 Month Platinum CD
0.31%$1k-18 Month CD
0.31%$50k$100k12 Month Jumbo CD
0.31%$100k-9 Month Platinum CD
0.30%$250-6 Month Teen Club CD
0.26%$1k-12 Month CD
0.26%$50k$100k9 Month Jumbo CD
0.26%$100k-6 Month Platinum CD
0.24%$100k-60 Day Platinum CD
0.24%$100k-90 Day Platinum CD
0.22%$100k-30 Day Platinum CD
0.21%$1k-9 Month CD
0.21%$50k$100k6 Month Jumbo CD
0.19%$50k$100k60 Day Jumbo CD
0.19%$50k$100k90 Day Jumbo CD
0.17%$50k$100k30 Day Jumbo CD
0.16%$1k-6 Month CD
0.16%$250-6 Month Kids Club CD
0.14%$1k-60 Day CD
0.14%$1k-90 Day CD
0.12%$1k-30 Day CD

Torrance Community Credit Union IRA Rates

0.36%$100k-12 Month Platinum Traditional IRA
0.36%$100k-12 Month Platinum Roth IRA
0.31%$50k-12 Month Jumbo Traditional IRA
0.31%$50k-12 Month Jumbo Roth IRA
0.26%$1k-12 Month Traditional IRA
0.26%$1k-12 Month Roth IRA

Torrance Community Credit Union Locations
Branch Office2377 Crenshaw Blvd Ste 150Torrance, CA 90501-3344