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Overview / Commentary
626-350-0893
4455 Arden Dr
El Monte, CA 91731

Vons Employees Credit Union is headquartered in El Monte and is the 76th largest credit union in the state of California. It is also the 521st largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 88 employees and 40,761 members. Vons Employees Credit Union's CD rates are 11% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must be a Vons employee. Also open to those who live, work, attend school or worship in the areas of El Monte, South El Monte, Monrovia, Irwindale or parts of Temple City or Arcadia. - See Details

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Vons Employees Credit Union had $987,000 in non-current loans and owned real-estate with $90.07 million in equity and loan loss allowances on hand to cover it. This gives Vons Employees Credit Union a Texas Ratio of 1.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Vons Employees Credit Union decreased dramatically from 1.99% as of December 31, 2012 to 1.10% as of December 31, 2013, resulting in a positive change of 44.98%.This indicates that the balance sheet and financial strength for Vons Employees Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Vons Employees Credit Union has increased its total deposits by $13.42 million, resulting in 4.46% 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 Vons Employees Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Vons Employees Credit Union has $407.1 million in assets with $90.07 million in equity, resulting in a capitalization level of 22.13%, which is excellent.

Institution Statistics

Overall
NCUA #9230
Year Chartered1954
Employees88
Primary Regulator
Assets and Liabilities
Assets$407.10 million
Loans$192.80 million
Deposits$314.67 million
Equity Capital$86.04 million
Loan Loss Allowance$4.04 million
Unbacked Noncurrent Loans$987,000
Real Estate Owned$0
Historic Data - December 2012
Assets$387.45 million
Equity Capital$80.42 million
Loan Loss Allowance$4.79 million
Unbacked Noncurrent Loans$987,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.8%
Return on Assets1.32%
Return on Equity6.27%
Interest Income$14.13 million
Rates

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

Vons Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-All Savings

Vons Employees Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$1k-Money Market

Vons Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$5k-Share Draft

Vons Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.90%$95k-60 Month Jumbo CD
1.00%$95k-12 Month Jumbo Share Certificate
0.75%$10k-6 Month Jumbo Share Certificate

Vons Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.90%$95k-60 Month Jumbo Traditional IRA
1.40%$1k$95k5 Year IRA
1.00%$95k-12 Month Jumbo Traditional IRA
0.85%$1k-2 Year IRA
0.55%$1k-18 Month IRA
0.45%$1k-12 Month IRA
Locations


Vons Employees Credit Union Locations
Branch Office618 Michillinda AveArcadia, CA 91007
Branch Office12801 Excelsior DrSanta Fe Springs, CA 90670
Branch Office8201 Topanga Canyon BlvdCanoga Park, CA 91304
Branch Office3550 Murphy Canyon RdSan Diego, CA 92123
Branch Office4455 Arden DrEl Monte, CA 91731
Branch Office5601 E Washington BlvdCommerce, CA 900401405