Caltech Employees Federal Credit Union
Caltech Employees Federal Credit Union is headquartered in La Canada and is the 27th largest credit union in the state of California. It is also the 168th largest credit union in the nation. It was established in 1950 and as of December of 2019, it had grown to 71 employees and 33,640 members at 4 locations. Caltech Employees Federal Credit Union's savings rates are 2X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Caltech Employees Federal Credit Union is open to the following: (1) employees of the California Institute of Technology who work at the Campus, Jet Propulsion Laboratory (JPL), Mt. Wilson, Mt. Palomar; (2) employees of the Henry R. Huntington Library and Botanical Gardens; (3) students of CalTech; (4) employees of NASA working at JPL; (5) employees of the Carnegie Institute of Washington located in Pasadena and Palomar; (6) members of the Caltech Alumni Association; (7) faculty, administration and students of the Polytechnic School; (8) associates of the California Institute of Technology.
See current membership details
Not Too Good
After 3 months I returned my CreditCard and closed the account. The people at the CEFCU are nice and try to help, but that's about all. Their politics dictate a standard way of doing things, if you need anything different from that they not cooperative. I don't like to got to the big banks, but I don't see any alternative.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6681 |
| Year Chartered | 1950 |
| Employees | 71 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 4.1% |
| Annual Interest Income | $50.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.80B$1.68B |
| Loans | Q4 2019vs Q4 2018 | $533.9MM$483.7MM |
| Deposits | Q4 2019vs Q4 2018 | $1.61B$1.51B |
| Equity Capital | Q4 2019vs Q4 2018 | $182.8MM$163.6MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $1.9MM$2.2MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $229.00K$175.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |