Valley First Credit Union is headquartered in Modesto and is the 71st largest credit union in the state of California. It is also the 432nd largest credit union in the nation. It was established in 1956 and as of September of 2013, it had grown to 132 employees and 69,138 members. Valley First Credit Union has a A health rating.
Field of Membership Restrictions
Must live, work, worship or attend school in Fresno, Madera, Mariposa, Merced, San Joaquin, Stanislaus or Tuolumne County. Also open to employees of several select employer groups. - See Details
Auto Loan From Valley First Credit Union
Valley First has not released our bank records in relation to our auto loan. They have referred us to the lawyer to get these records as well a copy of the contract but have not received either after several requests. During the length of the loan we had some lapses in insurance, for which VFCU charged us an additional charge. They still charged us that same additional charge even on the months when we did show them proof of insurance. Several VFCU employees at those time assured that all those additional charges would come off the back end of the loan. After 7 years on a 5-year loan they said that we still owed them over $4000. We pulled whatever money we had left in our account and they charged us again for money they said we still owed them, our account became overdrawn and we were reported to chexsystems and cannot open any accounts anywhere at this time (even at our current bank).
No matter who we have spoken to we cannot get anyone to give us copies of our account information or the contract. If there was a way to rate them zero stars we would.
Great Credit Union
Moved all my accounts from BofA to Valley First, BofA wasn't happy, but hey...I am very happy with this credit union. Fast service, decent CD rates and local.
Love The Service!
The people at Valley First CU make this a great place to bank. The rates on their products are lower than most others in my area. I do most of my banking online, and I like that there isn't a lot of advertising cluttering it up. I can get in and get my business done without navigating around ads.
Data for Q3 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 September 30, 2013 Valley First Credit Union had $2.39 million in non-current loans and owned real-estate with $50.01 million in equity and loan loss allowances on hand to cover it. This gives Valley First Credit Union a Texas Ratio of 4.78% 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 Valley First Credit Union held steady from 2.90% as of September 30, 2012 to 4.78% as of September 30, 2013, resulting in a negative change of 64.74%. This indicates that the balance sheet and financial strength for Valley First Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Valley First Credit Union has increased its total deposits by $83.8 million, resulting in 23.53% 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 Valley First Credit Union has shown is excellent.
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. Valley First Credit Union has $498.38 million in assets with $50.01 million in equity, resulting in a capitalization level of 10.03%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 68402 |
| Year Chartered | 1956 |
| Employees | 132 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $498.38 million |
| Loans | $229.99 million |
| Deposits | $439.95 million |
| Equity Capital | $46.33 million |
| Loan Loss Allowance | $3.68 million |
| Unbacked Noncurrent Loans | $2.39 million |
| Real Estate Owned | $0 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $413.56 million |
| Equity Capital | $45.06 million |
| Loan Loss Allowance | $4.26 million |
| Unbacked Noncurrent Loans | $2.39 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.59% |
| Return on Assets | 0.51% |
| Return on Equity | 5.54% |
| Interest Income | $12.69 million |
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Valley First Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $75k | - | Regular Shares | |
| 0.20% | $75k | - | HSA | |
| 0.15% | - | - | Regular IRA Account | |
| 0.05% | - | $24 | Starter Savings Shares | |
| 0.05% | - | $24 | Adventure Savers Shares | |
| 0.05% | - | $24 | Frequency Shares | |
| 0.05% | $25 | - | Starter Savings | |
| 0.05% | $25 | - | Adventure Savers | |
| 0.05% | - | - | Holiday Club | |
| 0.05% | $25 | - | Frequency |
Valley First Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $100k | - | Money Market Account |
Valley First Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $1k | - | Premium Checking Account |
Valley First Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.59% | $100k | - | 60 Month Jumbo CD | |
| 1.54% | $10k | - | 60 Month Premium CD | |
| 1.39% | $10k | - | 48 Month Premium CD | |
| 1.21% | $10k | - | 36 Month Premium CD | |
| 1.06% | $10k | - | 24 Month Premium CD | |
| 1.00% | $10k | - | 18 Month Premium CD | |
| 0.90% | $1k | - | 36 Month CD | |
| 0.80% | $1k | - | 24 Month CD | |
| 0.75% | $1k | - | 18 Month CD | |
| 0.60% | $10k | - | 12 Month Premium CD | |
| 0.31% | $10k | - | 9 Month Premium CD | |
| 0.30% | $1k | - | 12 Month CD | |
| 0.28% | $10k | - | 6 Month Premium CD | |
| 0.08% | $500 | - | 3 Month Frequency Ceertificate | |
| 0.03% | $1k | - | 6 Month CD | |
| 0.03% | $500 | - | 3 Month Starter Certificate | |
| 0.03% | $500 | - | 3 Month Adventure Savers Certificate | |
| 0.01% | $1k | - | 9 Month CD |
Valley First Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.69% | $100k | - | 60 Month Jumbo IRA | |
| 1.69% | $100k | - | 60 Month Jumbo Roth IRA | |
| 1.69% | $100k | - | 60 Month Jumbo CESA | |
| 1.69% | $100k | - | 60 Month Jumbo SEP IRA | |
| 1.64% | $10k | - | 60 Month Premium IRA | |
| 1.64% | $10k | - | 60 Month Premium Roth IRA | |
| 1.64% | $10k | - | 60 Month Premium CESA | |
| 1.64% | $10k | - | 60 Month Premium SEP IRA | |
| 1.49% | $10k | - | 48 Month Premium IRA | |
| 1.49% | $10k | - | 48 Month Premium Roth IRA | |
| 1.49% | $10k | - | 48 Month Premium CESA | |
| 1.49% | $10k | - | 48 Month Premium SEP IRA | |
| 1.31% | $10k | - | 36 Month Premium IRA | |
| 1.31% | $10k | - | 36 Month Premium Roth IRA | |
| 1.31% | $10k | - | 36 Month Premium CESA | |
| 1.31% | $10k | - | 36 Month Premium SEP IRA | |
| 1.16% | $10k | - | 24 Month Premium IRA | |
| 1.16% | $10k | - | 24 Month Premium Roth IRA | |
| 1.16% | $10k | - | 24 Month Premium CESA | |
| 1.16% | $10k | - | 24 Month Premium SEP IRA | |
| 1.06% | $10k | - | 18 Month Premium IRA | |
| 1.06% | $10k | - | 18 Month Premium Roth IRA | |
| 1.06% | $10k | - | 18 Month Premium CESA | |
| 1.06% | $10k | - | 18 Month Premium SEP IRA | |
| 1.00% | $1k | - | 36 Month IRA | |
| 1.00% | $1k | - | 36 Month Roth IRA | |
| 1.00% | $1k | - | 36 Month CESA | |
| 1.00% | $1k | - | 36 Month SEP IRA | |
| 0.90% | $1k | - | 24 Month IRA | |
| 0.90% | $1k | - | 24 Month Roth IRA | |
| 0.90% | $1k | - | 24 Month CESA | |
| 0.90% | $1k | - | 24 Month SEP IRA | |
| 0.85% | $1k | - | 18 Month IRA | |
| 0.85% | $1k | - | 18 Month Roth IRA | |
| 0.85% | $1k | - | 18 Month CESA | |
| 0.85% | $1k | - | 18 Month SEP IRA | |
| 0.70% | $10k | - | 12 Month Premium IRA | |
| 0.70% | $10k | - | 12 Month Premium Roth IRA | |
| 0.70% | $10k | - | 12 Month Premium CESA | |
| 0.70% | $10k | - | 12 Month Premium SEP IRA | |
| 0.41% | $10k | - | 9 Month Premium IRA | |
| 0.41% | $10k | - | 9 Month Premium Roth IRA | |
| 0.41% | $10k | - | 9 Month Premium CESA | |
| 0.41% | $10k | - | 9 Month Premium SEP IRA | |
| 0.40% | $1k | - | 12 Month IRA | |
| 0.40% | $1k | - | 12 Month Roth IRA | |
| 0.40% | $1k | - | 12 Month CESA | |
| 0.40% | $1k | - | 12 Month SEP IRA | |
| 0.38% | $10k | - | 6 Month Premium IRA | |
| 0.38% | $10k | - | 6 Month Premium Roth IRA | |
| 0.38% | $10k | - | 6 Month Premium CESA | |
| 0.38% | $10k | - | 6 Month Premium SEP IRA | |
| 0.13% | $1k | - | 6 Month IRA | |
| 0.13% | $1k | - | 6 Month Roth IRA | |
| 0.13% | $1k | - | 6 Month CESA | |
| 0.13% | $1k | - | 6 Month SEP IRA | |
| 0.11% | $1k | - | 9 Month IRA | |
| 0.11% | $1k | - | 9 Month Roth IRA | |
| 0.11% | $1k | - | 9 Month CESA | |
| 0.11% | $1k | - | 9 Month SEP IRA |
Valley First Credit Union has 15 locations. Click to view all Valley First Credit Union locations.