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University & State Employees Credit Union

Based on 2 reviews
Overview / Commentary
10120 Pacific Heights Blvd Ste 100
San Diego, CA 92121

University & State Employees Credit Union is headquartered in San Diego and is the 49th largest credit union in the state of California. It is also the 292nd largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 139 employees and 43,654 members. University & State Employees Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work or worship in Alameda, Sacramento, San Diego, Santa Clara or Yolo County. - See Details

Reviews (2)

USE Credit Union

USE CU has convenient full-service and ATM locations onsite at University of California campuses and other major employers that USE serves. I don’t use the full-service location often, but it is nice to have nearby. A big plus is the free (for just 15 minutes) parking next to the branch on the University of California, San Diego campus. Free parking just doesn’t exist on a UC campus!

I’m satisfied overall, but can only rate this CU average, because of my dissatisfaction with the online banking experience and the ATM experience. Unfortunately, the web site and the ATMs are what I use most often to conduct business with USE CU.

The ATMs are my biggest source of dissatisfaction, for the following reasons:

--Users have to select a language every time I access the ATM, even though the language preference of a customer is very unlikely to change over time

--The ATM allows only 1 transaction at a time. After completing any transaction (even an on-screen account balance), you have to end your session, reinsert your ATM card, and log in again. Aside from the tremendous nuisance (a typical stop might include viewing a balance, depositing a check, transferring funds from savings to checking, and withdrawing cash) involved, I believe that the need to enter a PIN multiple times greatly increases the risk that someone watching can learn my PIN.

The online banking is just so-so. Navigation involves too many steps in many cases. Also, there is often some service or another that the CU seems to be pressing on its customers.

Have Been A Credit Union Member For 20+ Years

Over the course of my 20+ years with the credit union, I have had two 2nd mortgages, personal loans, Visa debit cards, family bank accounts, savings accounts, etc. So I can speak with authority that their products and customer service are superlative. I rarely go into a branch office - but can transact business via phone, mail, internet and the many ATMS (Star) scattered around town. I love the convenience of internet banking, you can do bank reconciliations and transfers very quickly. I love the fact that I always get a live person on the phone who actually resolves my issues right then and there.

Highly recommended!


Data for Q4 2013

Institution Health


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, 2013 University & State Employees Credit Union had $1.45 million in non-current loans and owned real-estate with $75.68 million in equity and loan loss allowances on hand to cover it. This gives University & State Employees Credit Union a Texas Ratio of 1.91% 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 University & State Employees Credit Union decreased dramatically from 3.11% as of December 31, 2012 to 1.91% as of December 31, 2013, resulting in a positive change of 38.57%.This indicates that the balance sheet and financial strength for University & State Employees Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, University & State Employees Credit Union has increased its total deposits by $7.14 million, resulting in 1.05% 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 University & State Employees 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. University & State Employees Credit Union has $759.55 million in assets with $75.68 million in equity, resulting in a capitalization level of 9.96%, which is above average.

Institution Statistics

NCUA #60801
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$759.55 million
Loans$454.14 million
Deposits$687.22 million
Equity Capital$65.99 million
Loan Loss Allowance$9.69 million
Unbacked Noncurrent Loans$1.38 million
Real Estate Owned$70,000
Historic Data - December 2012
Assets$751.17 million
Equity Capital$64.12 million
Loan Loss Allowance$11.60 million
Unbacked Noncurrent Loans$1.38 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.35%
Return on Assets1.05%
Return on Equity12.11%
Interest Income$25.02 million

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University & State Employees Credit Union Savings Account Rates

0.30%--Holiday Saving Account
0.15%$25k-Wall Street Index Account
0.10%--Regular Saving (Share) Account
0.10%--Advantage Saving (Share) Account
0.10%--Penny Penguin Account
0.10%--IRA Saving Account
0.10%--Roth IRA Saving Account
0.10%--CESA Saving Account
0.10%--SEP IRA Saving Account

University & State Employees Credit Union Money Market Rates

0.25%$250k-Money Market Advantage Account
0.25%$250k-Membership Money Market Account
0.15%$100k-Market Rate Plus Account
0.15%$100k-IRA Market Rate Plus Account
0.15%$100k-Roth IRA Market Rate Plus Account
0.15%$100k-CESA Market Rate Plus Account
0.15%$100k-SEP IRA Market Rate Plus Account

University & State Employees Credit Union Checking Account Rates

0.05%--Premier Membership Checking Account

University & State Employees Credit Union CD Rates

1.60%$10k-60 Months through 120 Months CD
0.95%$10k-36 Months through 59 Months CD
0.90%$50k$100k36 Month Option Rate Term Investment Account
0.65%$10k-24 Months through 35 Months CD
0.60%$50k$100k24 Month Option Rate Term Investment Account
0.40%--12-Month Add-On Term Investment Account
0.40%$10k-12 Months through 23 Months CD
0.30%$50k$100k13 Month Option Rate Term Investment Account
0.25%$10k-6 Months through 11 Months CD
0.20%$10k-3 Months through 5 Months CD

University & State Employees Credit Union IRA Rates

1.70%--60 - 120 Months IRA (Traditional,Roth,CESA,SEP)
0.65%--24 Month IRA (Traditional,Roth,CESA,SEP)
0.45%--18 Month IRA (Traditional,Roth,CESA,SEP)
0.40%--12 Month IRA (Traditional,Roth,CESA,SEP)

University & State Employees Credit Union Locations
Branch Office10175 Rancho Carmel Dr Ste 114San Diego, CA 92128
Branch Office8697 La Mesa Blvd Ste DLa Mesa, CA 91942
Branch Office3100 Gilman DrLa Jolla, CA 92093-5000
Branch Office200 B StDavis, CA 95616
Branch Office2350 Shattuck AveBerkeley, CA 94704
Branch Office8889 Rio San Diego Dr Ste 102San Diego, CA 92108
Branch Office1351 Medical Center Dr Ste AChula Vista, CA 91911
Branch Office5140 College AveSan Diego, CA 92115
Branch Office10120 Pacific Heights Blvd ste 100San Diego, CA 92121