California Credit Union

Overview / Commentary
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 (3)

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 (elsewhere) in the next 2 years or so.

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 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 Grade Components

NCUA #60784
Year Chartered1933
Primary Regulator
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD11.41%
Annual Interest Income$44.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$4.09B$3.56B
LoansQ2 2021vs Q2 2020$1.90B$2.37B
DepositsQ2 2021vs Q2 2020$3.59B$3.04B
Equity CapitalQ2 2021vs Q2 2020$425.1MM$359.0MM
Loan Loss AllowanceQ2 2021vs Q2 2020$4.7MM$11.2MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$14.1MM$8.2MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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* 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

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

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

0.35%*$250k*-Business Sweep Checking Account
OTHER TIERS: 0.20% Up to $50k | 0.30% $50k - $250k
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

1.11%$1k-60 Month Share Certificate
1.11%$1k-Business 60 Month CD
0.90%$1k-36 Month Share Certificate
0.90%$1k-Business 36 Month CD
0.75%$25-36 Month Saver Certificate
0.70%$1k-24 Month Share Certificate
0.70%$1k-Business 24 Month CD
0.60%$1k-18 Month Share Certificate
0.60%$10k-25 Month Accelerator Share Certificate
0.60%$1k-Business 18 Month CD
0.60%$10k-Business 25 Month Accelerator CD
0.50%$1k-12 Month Share Certificate
0.50%$1k-Business 12 Month CD
0.40%$1k-6 Month Share Certificate
0.40%$1k-Business 6 Month CD
0.30%$1k-3 Month Share Certificate
0.30%$1k-Business 3 Month CD

California Credit Union IRA Rates

1.11%$1k-60 Month IRA Certificate
0.90%$1k-36 Month IRA Certificate
0.70%$1k-24 Month IRA Certificate
0.60%$1k-18 Month IRA Certificate
0.60%$10k-25 Month Accelerator IRA Certificate
0.50%$1k-12 Month IRA Certificate
0.40%$1k-6 Month IRA Certificate
0.30%$1k-3 Month IRA Certificate


Los Angeles Area

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