Clearpath Federal Credit Union
Clearpath Federal Credit Union is headquartered in Burbank and is the 126th largest credit union in the state of California. It is also the 1,324th largest credit union in the nation. It was established in 1954 and as of December of 2024, it had grown to 26 employees and 10,618 members at 2 locations. Clearpath Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Clearpath Federal Credit Union is open to: 1) Employees of Ralphs Grocery Company and Food for Less in Southern California; 2) Individuals living in the greater Southern California area who make a one-time donation (minimum $5) to Clear Giving Charitable Association; 3) California employees or voting members of Butler Building Maintenance, C-Central, Inc., CD Construction, Eaton Aerospace Sterer Engineering, Valley Uniforms, or any of the 40 SEGs listed on the credit union's website; 4) Relatives of existing credit union members.
See current membership details
GREAT Once You Get Established
Call center is over 30 minutes to get in, or hopefully to get a call back. But once you get established (get the extension of a supervisor or manager to avoid the call center), then they are GREAT !
Lights Are On But Nobody's Home
I called in to have funds from my maturing CD transferred into my checking account. (Their website would not allow me to do this myself) The CSR was only authorized to transfer a maximum of $100K, and my CD was for more than that. The person with the proper authorization was unavailable, and could not be reached by phone or text to authorize this transfer. Their posted hours of operation start at 9AM, and this was about 9:30 AM. I repeatedly asked for a supervisor or manager to authorize the transfer of the full amount into my checking acct, but no one was available. This is unsat.
WORST THAN UNPROFESSIONAL
This FCU needs to get an audit. Their online banking must be 40 years old. Employees are rude and lazy. It looks like this is a close net of people who quietly give each other preferential losns and none is spent on improvements. Stay away. and if you are a regulator - ck this one
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9556 |
| Year Chartered | 1954 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 4.53% |
| Annual Interest Income | $7.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $183.3MM$151.2MM |
| Loans | Q4 2024vs Q4 2023 | $129.1MM$106.9MM |
| Deposits | Q4 2024vs Q4 2023 | $168.4MM$134.9MM |
| Equity Capital | Q4 2024vs Q4 2023 | $13.7MM$13.8MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $262K$289K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $869K$1MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |