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Overview / Commentary
805-477-4000
6026 Telephone Rd
Ventura, CA 93003-5332

Ventura County Credit Union is headquartered in Ventura and is the 58th largest credit union in the state of California. It is also the 334th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 133 employees and 64,121 members. Ventura County Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work or attend school in Ventura or Santa Barbara County. - See Details

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Health

Data for Q1 2014

Institution Health

B+

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 Ventura County Credit Union had $793,000 in non-current loans and owned real-estate with $60.94 million in equity and loan loss allowances on hand to cover it. This gives Ventura County Credit Union a Texas Ratio of 1.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Ventura County Credit Union experienced no significant changes from 1.35% as of March 31, 2013 to 1.30% as of March 31, 2014, resulting in a positive change of 3.91%.This indicates that the balance sheet and financial strength for Ventura County Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Ventura County Credit Union has increased its total deposits by $14.93 million, resulting in 2.49% 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 Ventura County 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. Ventura County Credit Union has $677.47 million in assets with $60.94 million in equity, resulting in a capitalization level of 8.99%, which is average.

Institution Statistics

Overall
NCUA #68458
Year Chartered1950
Employees133
Primary Regulator
Assets and Liabilities
Assets$677.47 million
Loans$335.60 million
Deposits$614.96 million
Equity Capital$58.79 million
Loan Loss Allowance$2.14 million
Unbacked Noncurrent Loans$793,000
Real Estate Owned$0
Historic Data - March 2013
Assets$658.60 million
Equity Capital$54.42 million
Loan Loss Allowance$3.25 million
Unbacked Noncurrent Loans$793,000
Real Estate Owned$264,000
Profit Margin - Quarterly
Net Interest Margin1.15%
Return on Assets0.56%
Return on Equity6.42%
Interest Income$4.98 million
Rates

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

Ventura County Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Get Fit Savings Plan Account
0.30%-$1kGet Fit IRA Savings Account
0.25%$1k-Traditional IRA
0.25%$1k-Roth IRA
0.25%$1k-SEP IRA
0.25%$1k-Coverdell Education Savings
0.20%$25-Holiday Club Account
0.05%$25-Savings Account
0.05%$25-Business Share Account

Ventura County Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Access
0.25%$100k-Business Money Market Access

Ventura County Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Checking Account

Ventura County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$1k-60 Month CD
0.95%$1k-48 Month CD
0.80%$1k-36 Month CD
0.55%$1k-24 Month CD
0.50%$1k-12 Month CD
0.50%$500-6 Month Get Fit Basic CD
0.50%$2,500-6 Month Get Fit Plus CD
0.45%$5k-24 Month Jump-Up CD
0.40%$5k-18 Month Jump-Up CD
0.25%$1k-6 Month CD
0.15%$10k-3 Month CD

Ventura County Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$1k-5 Year IRA
0.95%$1k-4 Year IRA
0.80%$1k-3 Year IRA
0.65%$1k-1 Year Get Fit IRA
0.55%$1k-2 Year IRA
0.50%$1k-1 Year IRA
0.45%$1k-24 Month Jump Up IRA
0.40%$1k-18 Month Jump Up IRA
Locations


Ventura County Credit Union Locations
Branch Office2160 N Rose AveOxnard, CA 93036-5058
Branch Office711 E Daily Dr Ste 100Camarillo, CA 93010-6081
Branch Office18 W Thousand Oaks BlvdThousand Oaks, CA 91360-4458
Branch Office2680 Tapo Canyon RdSimi Valley, CA 93063-2308
Branch Office6026 Telephone RdVentura, CA 93003-5332