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

Western Federal Credit Union

14500 Aviation Blvd
Manhattan Beach, CA 90267
877-254-9328
www.western.org

NCUA

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Western Federal Credit Union is headquartered in Manhattan Beach and is the 16^st largest credit union in the state of California. It is also the 82^nd largest credit union in the nation. It was established in 1963 and as of December of 2012, it had grown to 420 employees and 170,931 members. Western Federal Credit Union has a 4-star health rating.

$100 Checking Account Bonus At Western FCU - YMMV (Forum) - 7/30/2012

It was reported on this FW thread that Western Federal Credit Union sent postcards of this promotion to households in Fairfax County, VA. The postcard provides the following link to this online promotion page http://www.western.org/joinwesternfcu Due t

3.00% 10-Month CD and other Deals at Western FCU - Easy Membership - 2/8/2009

Update 2/21/09: This special CD has ended early. Please check the credit union's website for the latest rates.Western FCU has a new CD promotion for February. As you might expect, the rate is down from the credit union's January promotion, but it's still...

4.05% 13-Month CD at Western FCU - Easy Membership - 1/1/2009

Western FCU has a new competitive certificate special for January. It has an APY of 4.05% and a term of 13 months. Minimum deposit is $1,000. According to the credit union's promotional web page, this offer is scheduled to last through January 2009. The...

4.15% 17-Month CD at Western FCU - Easy Membership - 12/17/2008

Western FCU is offering a special 4.15% APY 17-month CD. The minimum deposit is $1,000. According to the credit union's promotional web page, this offer is scheduled to last through December which is a plus in the current interest rate environment. The...

2008

11/3 - 4.00% 7-Month CD at Western FCU - Easy Membership

2007

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

Western Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.10%^†	$2k	-	Premier Checking
0.10%^†	$1k	-	e-Checking
0.00%^†	$25	-	FREE Checking
0.00%^†	$25	-	Right Start Checking

Western Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.20%^†	-	-	IRA Savings Account
0.20%^†	-	-	Roth IRA Savings Account
0.20%^†	-	-	CESA Savings Account
0.15%^†	-	$10k	Club Account
0.10%^†	-	-	Regular Savings
0.10%^†	-	-	e-Savings

Western Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.30%^†	$100k	-	Money Market Account

Western Federal Credit Union CD Rates

Apy	Min	Max	Product
1.37%^†	$100k	-	60 Month Share Certificate
1.15%^†	$100k	-	48 Month Share Certificate
1.10%^†	$100k	-	36 Month Share Certificate
0.75%^†	$100k	-	24 Month Share Certificate
0.56%^†	$100k	-	12 Month Share Certificate
0.40%^†	$100k	-	6 Month Share Certificate
0.30%^†	$100k	-	3 Month Share Certificate

Western Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.37%^†	$100k	-	60 Month Fixed IRA
1.37%^†	$100k	-	60 Month Fixed Roth IRA
1.37%^†	$100k	-	60 Month Fixed CESA
1.15%^†	$100k	-	48 Month Fixed IRA
1.15%^†	$100k	-	48 Month Fixed Roth IRA
1.15%^†	$100k	-	48 Month Fixed CESA
1.10%^†	$100k	-	36 Month Fixed IRA
1.10%^†	$100k	-	36 Month Fixed Roth IRA
1.10%^†	$100k	-	36 Month Fixed CESA
0.75%^†	$100k	-	24 Month Fixed IRA
0.75%^†	$100k	-	24 Month Fixed Roth IRA
0.75%^†	$100k	-	24 Month Fixed CESA
0.56%^†	$100k	-	12 Month Fixed IRA
0.56%^†	$100k	-	12 Month Fixed Roth IRA
0.56%^†	$100k	-	12 Month Fixed CESA
0.34%^†	$1k	-	36 Month Variable IRA
0.34%^†	$1k	-	36 Month Variable Roth IRA
0.34%^†	$1k	-	36 Month Variable CESA
0.27%^†	$1k	-	18 Month Variable IRA
0.27%^†	$1k	-	18 Month Variable Roth IRA
0.27%^†	$1k	-	18 Month Variable CESA

Rates updated: 6/17/2013

Data for Q4 2012

Institution Statistics

WESTERN
NCUA #	15732
BankRate Report	View
Year Chartered	1963
Employees	420
Primary Regulator
Assets and Liabilities
Assets	$1.84 billion
Loans	$1.05 billion
Deposits	$1.64 billion
Equity Capital	$159.01 million
Loan Loss Allowance	$11.77 million
Unbacked Noncurrent Loans	$15.65 million
Real Estate Owned	$1.02 million
Historic Data - December 2011
Assets	$1.66 billion
Equity Capital	$149.86 million
Loan Loss Allowance	$15.03 million
Unbacked Noncurrent Loans	$18.50 million
Real Estate Owned	$2.97 million
Profit Margin - Quarterly
Net Interest Margin	4.74%
Return on Assets	0.42%
Return on Equity	4.86%
Interest Income	$62.10 million
Non-Interest Income	$24.32 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 Western Federal Credit Union had $16.67 million in non-current loans and owned real-estate with $170.77 million in equity and loan loss allowances on hand to cover it. This gives Western Federal Credit Union a Texas Ratio of 9.76% 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 Western Federal Credit Union decreased slightly from 13.02% as of December 31, 2011 to 9.76% as of December 31, 2012, resulting in a positive change of 25.03%.This indicates that the balance sheet and financial strength for Western Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Western Federal Credit Union has increased its total deposits by $159.42 million, resulting in 10.74% 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 Western Federal 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. Western Federal Credit Union has $1.84 billion in assets with $170.77 million in equity, resulting in a capitalization level of 9.29%, which is average.

Too Much Smoking You-Know-What?
2 stars

- planxy - Sunday, May 26, 2013 - 12:58 PM

Promotion for opening account was paid. Then, computer access to my account codes got me somebody else's account, twice. Long, long call needed to fix. Automatically enrolled me in anti-American lobbying group against any form of capitalism, not my desired activity as credit unions should not have a political nature. Credit card application accepted and then had to verify out the [deleted] for small line, then would have had to had to physically sign application again in branch 3 hours drive each way through kamikaze traffic if wanted bonus of bout $50. Enough is enoungh, departed its world of smoking haze.

Excellent Service & Promo Rate Experience @ Western FCU
5 stars

- mismot - Wednesday, June 9, 2010 - 6:10 PM

CA Auto Loan Promo: I just completed a new car loan with Western Federal Credit Union in Hawthorn, CA - 2.99% for 60 months. It's available to qualified members in CA that have a credit score of 740 or higher. No down payment required, fixed rate for term of the loan, no prepay penalty fees and calculated on simple interest. Check their site for futher details. Topping that off the customer service was Excellent!!! I worked with Santos who returned calls promptly, confirmed receipt of faxes, did everything he said he was going to do, and went beyound to expedite the process due to a surprise deadline that was a result of car dealership monkey business. I searched the web high and low but could not find a better rate for the 60 month term.

Mortgage Discount Promo: My mom's boyfriend is refinancing his home loan with Western as the have a promo for NO Closing Costs & NO Processing Fee. The 30 year fixed rate looks really good. Check site for futher details. He is working with Aaron, the branch manager, who is also very personable, informative and has the members best interest as top priority.