Average User Rating:
2.5 star rating based on 2 reviews.

Wescom Central Credit Union

123 S Marengo Ave
Pasadena, CA 91101
1-888-493-7266
www.wescom.org

NCUA

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Wescom Central Credit Union is headquartered in Pasadena and is the 9^th largest credit union in the state of California. It is also the 51^st largest credit union in the nation. It was established in 1934 and as of December of 2012, it had grown to 618 employees and 209,246 members. Wescom Central Credit Union's savings rates are 4X the national average, and it has a 4-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Wescom Central Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.00%	-	-	Wescom Checking

Wescom Central Credit Union Savings Account Rates

Apy	Min	Max	Product
2.10%	$500	-	Transitional IRA
0.05%	-	-	Regular Shares
0.05%	-	-	Special Purpose Savings

Wescom Central Credit Union Money Market Rates

Apy	Min	Max	Product
0.25%	$100k	-	Asset Maximizer
0.25%	$100k	-	IRA Asset Maximizer
0.15%	$100k	-	Money Market Plus
0.15%	$100k	-	IRA Plus Money Market

Wescom Central Credit Union CD Rates

Apy	Min	Max	Product
0.90%	$500	-	60 Month CD
0.60%	$500	-	48 Month CD
0.35%	$500	-	36 Month CD
0.20%	$500	-	24 Month CD
0.20%	$250	-	24 Month College Saver
0.15%	$500	-	18 Month CD
0.10%	$500	-	12 Month CD
0.05%	$500	-	3 Month CD
0.05%	$500	-	6 Month CD

Wescom Central Credit Union IRA Rates

Apy	Min	Max	Product
0.90%	$500	-	60 Month IRA
0.90%	$500	-	60 Month Roth IRA
0.60%	$500	-	48 Month IRA
0.60%	$500	-	48 Month Roth IRA
0.35%	$500	-	36 Month IRA
0.35%	$500	-	36 Month Roth IRA
0.20%	$500	-	24 Month Roth IRA
0.20%	$500	-	24 Month IRA
0.15%	$500	-	18 Month Roth IRA
0.15%	$500	-	18 Month IRA
0.10%	$500	-	12 Month Roth IRA
0.10%	$500	-	12 Month IRA
0.05%	$500	-	3 Month Roth IRA
0.05%	$500	-	6 Month Roth IRA
0.05%	$500	-	3 Month IRA
0.05%	$500	-	6 Month IRA

Rates updated: 5/21/2013

Data for Q4 2012

Institution Statistics

WESCOM CENTRAL
NCUA #	66703
BankRate Report	View
Year Chartered	1934
Employees	618
Primary Regulator
Assets and Liabilities
Assets	$2.43 billion
Loans	$1.26 billion
Deposits	$2.07 billion
Equity Capital	$177.12 million
Loan Loss Allowance	$44.77 million
Unbacked Noncurrent Loans	$20.44 million
Real Estate Owned	$1.43 million
Historic Data - December 2011
Assets	$2.44 billion
Equity Capital	$151.15 million
Loan Loss Allowance	$59.04 million
Unbacked Noncurrent Loans	$38.60 million
Real Estate Owned	$5.72 million
Profit Margin - Quarterly
Net Interest Margin	5.22%
Return on Assets	1.02%
Return on Equity	14.01%
Interest Income	$88.33 million
Non-Interest Income	$77.83 million

Institution Health

Overall Score:

4 out of 5

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, 2012 Wescom Central Credit Union had $21.87 million in non-current loans and owned real-estate with $221.89 million in equity and loan loss allowances on hand to cover it. This gives Wescom Central Credit Union a Texas Ratio of 9.86% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Wescom Central Credit Union decreased significantly from 21.09% as of December 31, 2011 to 9.86% as of December 31, 2012, resulting in a positive change of 53.26%.This indicates that the balance sheet and financial strength for Wescom Central Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Wescom Central Credit Union has increased its total deposits by $49.16 million, resulting in 2.43% 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 Wescom Central Credit Union has shown is above average.
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. Wescom Central Credit Union has $2.43 billion in assets with $221.89 million in equity, resulting in a capitalization level of 9.13%, which is average.

Making Big Banks (Somehow) Look Fair!!! Thanks A Lot, Wescom.
1 stars

- billy626 - Saturday, February 18, 2012 - 11:49 AM

This CU is the most inconvenient bank I've ever worked with. Ever since their huge multi-million dollar losses in 2008/2009 from their Board of Directors ridiculous investment decisions, the customer service has become impossible, fees have been hiked through the roof, and every customer service person I've had to speak with has had an attitude. I'm sorry, but the bank's customers shouldn't have to suffer because of a thier executive's greedy decisions..

I closed down my checking account after moving out of state, but still had an auto loan with Wescom. To my suprise, once I closed my checking account, I'm unable to log in and view any information regarding my auto loan or make a payment. Since I don't use checks, now my only option is to call in every month and make a payment over the phone and incur a $15 fee for having to pay over the phone - ridiculous. I was told they had technical restrictions, which is why I need a checking account to log in and view my auto loan. These 2 should be separate. I manage web-based computer programmers for a living, and I know it's literally just a few hours of work to fix the system so that someone like me, without a checking account, can log in online and view my account, make payments, etc. This is straight up extortion....Some gangster moves.

On top of that, every time I do call and give these people my money, INCLUDING FEES, I'm met with an attitude from each representative.

I don't know what I did to deserve this treatment, but I definitely wouldn't recomment banking with them and I've already talked a handful of friends and family members into other credit unions.

At the rate they're going, I'm thinking I should just hold off on making payments until they eventually go bankrupt (which seems inevitable at the rate they're operating that business).

- Billy, Feb 2012

Pretty Decent Credit Union
4 stars

- jshowtoe - Sunday, June 5, 2011 - 4:30 AM

Credit union is pretty nice. Every time I have gone into a branch the employees are always fantastically friendly. Never had an issue at any of their locations. Checking account was free for the first few years, until I fell out of qualification (age limit 23), but even then, the fee is only $5 a month, not bad. Also, it could be free once again with at least $3,000 in your account. Online banking is quick and easy. I would recommend this credit union to all!