Certified Federal Credit Union is headquartered in El Monte and is the 70th largest credit union in the state of California. It is also the 506th largest credit union in the nation. It was established in 1954 and as of December of 2021, it had grown to 106 employees and 61,396 members at 9 locations. Certified Federal Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Certified Federal Credit Union is open to the following: 1) employees of Superior Grocers, Auto Club Enterprises, Albertsons/Vons/Pavilions, Bristol Farms, Cardenas, Metropolitan Water District, Bodega Ranch Markets, El Super, Gelson’s, Jons Fresh Marketplace, Lazy Acres Natural Market, Northgate Market, Smart & Final, and others; 2) those who live, work, attend school or worship in El Monte, South El Monte, Monrovia, Irwindale, Temple City, Arcadia, Granada Hills and parts of the City of Industry.
See current membership details
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Vons Credit Union review
I opened an account while I was working for Vons. I opened a savings account because it earned interest, and I wanted my savings separate from my checking account. Customer service was great, and helped me set up the account over the phone. I found that their online services were not on par with other banks though. I access my accounts from my phone a lot, and their site was not mobile friendly at all. When accessing it on a laptop though, it worked fine and was easy to use. The amount of interest earned was lower than some other banks and credit unions offer, but I was mostly interested in somewhere to have my money set aside, so that wasn't an issue.
I Would NOT Recommend Certified Federal Credit Union
My credit union whom I was with for over 30 years merged with Certified Federal a YEAR ago and I just now was contacted by CF about my address being wrong. What I learned (after several calls) was that all the data merged was entered manually and my address had a “typo”! It was such that some of my mail was able to get to me but apparently I have several bank statements dating back to mid 2019 that are lost! What kind of modern day financial institution enters data manually and then doesn’t double check??? Moving my money out of this dinosaur institution today!
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 9230 |
| Year Chartered | 1954 |
| Employees | 106 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.03% |
| Return on Equity - YTD | 5.81% |
| Annual Interest Income | $24.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $791.5MM$727.5MM |
| Loans | Q4 2021vs Q4 2020 | $424.0MM$369.3MM |
| Deposits | Q4 2021vs Q4 2020 | $635.6MM$578.2MM |
| Equity Capital | Q4 2021vs Q4 2020 | $140.6MM$134.2MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $4.5MM$4.3MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.0MM$980.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |