California Credit Union


Overview / Commentary
800-334-8788
701 N Brand Blvd
Glendale, CA 91203

California Credit Union exists to serve teachers and other education professionals by providing personal and business banking solutions to meet various needs. It has grown to be one of the largest credit unions in Southern California, serving tens of thousands of members through multiple branches located in the vicinity of Los Angeles.

California Credit Union makes a variety of personal and business banking products and services available to its members. On its personal banking side it offers checking, savings, money market, CD, and IRA CD accounts. It offers a checking account that comes with ATM reimbursements and a check card. CCU also offers savings and money market accounts to give members the opportunity to earn higher interest rates based on the level of their account balance. CCU’s share certificates are offered with term lengths from 3 to 60 months.

California Credit Union online banking is free and offers members access to mobile banking and bill pay. It also offers unique financial management tools that allow its members to manage budgets and set bill reminders.

California Credit Union began in 1933 when a group of teachers and administrators established a charter for the Los Angeles Teachers Credit Union. It is headquartered in Glendale, California, just outside of Los Angeles. It became federally insured in 1971.

Field of Membership Restrictions

California Credit Union is open to 1) those who live or work in Orange, Riverside or San Diego Counties in California; 2) employees of the Los Angeles Unified School District or Los Angeles County Office of Education, retired educators, charter school employees, college or university employees, private school employees who live in California, and P.T.A. or Alumni Association members who live in California; or 3) family of credit union members .
See current membership details

Reviews (4)

Limited features, but great customer service

Posted by: |

As the national banks have low interest rates and I want to maintain my assets' liquidity, I elected to use local credit unions to deposit by savings. I went to a local branch of California Credit Union to open both a checking and a savings account. I was happy to find that their interest rates were very competitive, comparable to some of the certificates of deposit offered by national banks. The applications process was painless as the employees were patient and very professional, something that is hard to find at a national bank. One thing that I was disappointed with is the inconvenient ATM locations and the lack of a mobile app. It would be nice to be able to manage my finances from my smartphone, but it is not a deal breaker as I do not actively manage the funds in these accounts anyway. Overall, if you are looking for somewhere to deposit your money, you should definitely consider California Credit Union.

Beware Credit Score Hit.

Posted by: |

A CSR called me today to say that this credit union does a hard pull on every applicant for membership. Even if not applying for credit. Think carefully if you intend to borrow ( even elsewhere) in the next 2 years or so.

Won't Return Payment They Acknowledge Was Wrong To Take

Posted by: |

I had an auto loan through Cal Credit Union/North Island CU. They offer a discount rate for setting up auto debit from your bank account so I signed up for that. I paid off the auto loan and several weeks later, the credit union still deducted the payment from my checking account. I called and asked that the payment be returned and I was told a check had already been sent and to wait 5-7 days to receive the check in the mail. I called again after the 5-7 days because the check still hadn't arrived and was told the check hadn't been mailed yet, but they intend to mail the check "soon". I told them this was unacceptable and I need the payment returned via next day delivery. The CU tells me this is impossible and the best they can do is next day it when they do their next run of checks at the end of the month. I'll be on vacation soon and likely won't receive the check for 2 months after they've taken the money from the account.

Stolen Money

Within 2 weeks of opening an account, before I even received my card, my account was drained.  I contacted the bank immediately and drove in and filled out a fraud dispute. 

My banker the following Monday advised me that they activated my stolen card with my birthdate and from my cell phone number.  

I provided them with my cell phone call logs directly from my provider showing it was not me. 

I also had to file a police report, an identity theft case now that my personal information was compromised, and a complaint with the FCC regarding the phone spoofing. 

THEY DENIED MY FRAUD based on the activation being from my number, even though I have hard proof that states otherwise. 

I am now contacting the Consumer Financial Protection Bureau, the Federal Reserve Board, the FDIC, the US Securities and Exchange commission and the National Credit Union Administration. 

I have worked very hard and saved up as much as I could to start my own business, and within 2 weeks everything was gone and my personal information was compromised. 

I WILL BE CONTACTING EVERYONE AND EVERY AGENCY I CAN TO RELEASE THIS INFORMATION, INCLUDING THE MEDIA IF NEEDED. 

I cannot believe that this is able to happen; my livelihood was stolen and the bank that is protected will not protect me and instead, denied my fraud claim regardless of the proof I have showing it wasn’t me.



Health

Health Grade Components

Overall
NCUA #60784
Year Chartered1933
Employees495
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD8.07%
Annual Interest Income$48.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$4.26B$4.09B
LoansQ2 2022vs Q2 2021$2.13B$1.90B
DepositsQ2 2022vs Q2 2021$3.90B$3.59B
Equity CapitalQ2 2022vs Q2 2021$304.7MM$425.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.5MM$4.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$6.5MM$14.1MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not California Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

California Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%-$2kEducator Summer Savings
0.20%*$25k*-Health Savings Account
OTHER TIERS: 0.10% $50 - $25k
0.15%*$50k*-IRA Savings Account
OTHER TIERS: 0.10% $50 - $50k
0.10%$100-Summer Savings
0.05%$100-Share Savings Accounts
0.05%--Student Savings
0.05%$200-Business Savings

California Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market Accounts
OTHER TIERS: 0.05% Up to $2.5k | 0.15% $2.5k - $10k | 0.20% $10k - $50k | 0.25% $50k - $100k
0.30%*$100k*-Business Money Market
OTHER TIERS: 0.05% Up to $2.5k | 0.15% $2.5k - $10k | 0.20% $10k - $50k | 0.25% $50k - $100k

California Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.47%*$2.5m*-Business Sweep Checking Account
OTHER TIERS: 0.32% Up to $50k | 0.37% $50k - $250k | 0.42% $250k - $2.5m
0.05%$10k-Personal Checking Account
0.05%$50k-Premium Business Checking
0.05%$10k-Educator Checking
0.05%$10k-Option Checking

California Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$1k-36 Month Share Certificate
2.38%$25-36 Month Saver Certificate
2.38%*$1k*$100kBusiness 36 Month CD
OTHER TIERS: 2.35% $100k+
2.07%$1k-24 Month Share Certificate
2.07%*$1k*$100kBusiness 24 Month CD
OTHER TIERS: 2.05% $100k+
1.97%$10k-25 Month Accelerator Share Certificate
1.97%$10k-Business 25 Month Accelerator CD
1.82%$1k-60 Month Share Certificate
1.82%$1k-Business 60 Month CD
1.77%$1k-18 Month Share Certificate
1.77%*$1k*$100kBusiness 18 Month CD
OTHER TIERS: 1.75% $100k+
1.56%$1k-12 Month Share Certificate
1.56%*$1k*$100kBusiness 12 Month CD
OTHER TIERS: 1.55% $100k+
0.85%$1k-6 Month Share Certificate
0.85%$1k-Business 6 Month CD
0.40%$1k-3 Month Share Certificate
0.40%$1k-Business 3 Month CD

California Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$1k-36 Month IRA Certificate
2.07%$1k-24 Month IRA Certificate
1.97%$10k-25 Month Accelerator IRA Certificate
1.82%$1k-60 Month IRA Certificate
1.77%$1k-18 Month IRA Certificate
1.56%$1k-12 Month IRA Certificate
0.85%$1k-6 Month IRA Certificate
0.40%$1k-3 Month IRA Certificate
Locations

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