Certified Federal Credit Union is headquartered in El Monte and is the 72nd largest credit union in the state of California. It is also the 499th largest credit union in the nation. It was established in 1954 and as of December of 2019, it had grown to 110 employees and 61,569 members at 10 locations. Certified Federal Credit Union's money market rates are 36% 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 | 110 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 4.36% |
| Annual Interest Income | $26.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $618.6MM$567.5MM |
| Loans | Q4 2019vs Q4 2018 | $372.8MM$341.1MM |
| Deposits | Q4 2019vs Q4 2018 | $483.2MM$441.6MM |
| Equity Capital | Q4 2019vs Q4 2018 | $126.3MM$115.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $3.7MM$3.1MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $2.0MM$1.3MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |