California Credit Union

Overview / Commentary
701 N Brand Blvd
Glendale, CA 91203-1295

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

Related Posts

Three Features Of Calif CU - 11/21/2019

Three features of Calif CU: 1. 5% promo offer for 5 months: 2. $100 reward for opening an e-checking acct: 3. Free Notary services:

California Credit Union Adds 5-Month CD, 5.00% APY ($25k Max) - 11/13/2019

California Credit Union (possible easy membership for CA residents) has added a 5-month Share Certificate Special (5.00% APY). $1k minimum/$25k maximum deposit.

5% 5 Month CD (Max $25,000) - 11/11/2019

New money required. It's on their web site: Must live or work in San Diego, Riverside, or Orange counties, employed by a school, school district, college, or university, or be a PTA or alumni association member (which could be any organization of that type).

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Reviews (2)

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.


Health Grade Components

NCUA #60784
Year Chartered1933
Primary Regulator
Profit Margin
Return on Assets - YTD0.06%
Return on Equity - YTD0.54%
Annual Interest Income$52.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$3.56B$3.20B
LoansQ2 2020vs Q2 2019$2.37B$2.39B
DepositsQ2 2020vs Q2 2019$3.04B$2.66B
Equity CapitalQ2 2020vs Q2 2019$359.0MM$344.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$11.2MM$9.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$8.2MM$11.5MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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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

4.00%-$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

0.05%$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

1.21%$1k-60 Month Share Certificate
1.21%$1k-Business 60 Month CD
1.01%$1k-36 Month Share Certificate
1.01%$1k-Business 36 Month CD
0.90%$1k-24 Month Share Certificate
0.90%$1k-Business 24 Month CD
0.80%$10k-25 Month Accelerator Share Certificate
0.80%$10k-Business 25 Month Accelerator CD
0.75%$25-36 Month Saver Certificate
0.70%$1k-18 Month Share Certificate
0.70%$1k-Business 18 Month CD
0.60%$1k-12 Month Share Certificate
0.60%$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

1.21%$1k-60 Month IRA Certificate
1.01%$1k-36 Month IRA Certificate
0.90%$1k-24 Month IRA Certificate
0.80%$10k-25 Month Accelerator IRA Certificate
0.70%$1k-18 Month IRA Certificate
0.60%$1k-12 Month IRA Certificate
0.40%$1k-6 Month IRA Certificate
0.30%$1k-3 Month IRA Certificate


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