Clearpath Federal Credit Union is headquartered in Glendale and is the 141st largest credit union in the state of California. It is also the 1,523rd largest credit union in the nation. It was established in 1954 and as of June of 2022, it had grown to 29 employees and 11,542 members at 2 locations. Clearpath Federal Credit Union's money market rates are 25% higher than the national average, and it has an A 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
Related Posts
Sad Story Of A Greedy Bank.
Long story short, after my dad passed away when I was 16 years old, my mother opened an account in my name at her credit union which eventually turned into Clearpath Federal Credit Union. It wasn't that much, she was a grocer for 20 years but wanted to ensure we had something building. Fast forward to 5 years, I was in college and called to see how much was in there, wasn't much, somewhere in neighborhood of $800-$1000 (my mother remembers more, but I lowballed to be safe), now after graduating, getting married, moving all over the world, have a child, now at 34 years old, I called in to see how much was now in there nearly 20 years later excited to see how much the account has grown only to find out there is about $100 in the account!!! Somewhere in this timespan the bank has added new fees like, inactivity fee, wrong address fee etc. I could not believe my ears, plus they could not provide any information regarding the account sums prior to just a few years back. THIS HAS MADE US COMPLETELY ILL, LITERALLY SICK TO OUR STOMACH. I was told over the phone a manager would call right away, it took a week and i missed the call, trying to get a hold of that manager now with no success. How does a good deed from a single struggling mother of 3 three invest into her sons with limited financial means only to be taken from the very bank she entrusted the money too. This is wrong!
Unprofessional Bank
One of the worst banks that I have ever seen. First they charged me service fees for three months in a row without telling me, and they said that it was a teller's fault who didn't tell you. I am trying to get refund on those service charges for three days, and a personal banker tried to reach their manager to discuss about my service charge, but so far there has been no response from manager. Just imagine after 3 days a manager doesn't respond to his/her banker. It's really a shame that bank's hire this kind of manager and keep them in their position. I am not recommending this bank to anyone. Customer service=0.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9556 |
| Year Chartered | 1954 |
| Employees | 29 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 5.23% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $144.3MM$138.7MM |
| Loans | Q2 2022vs Q2 2021 | $91.2MM$92.6MM |
| Deposits | Q2 2022vs Q2 2021 | $128.3MM$123.3MM |
| Equity Capital | Q2 2022vs Q2 2021 | $13.9MM$13.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $386.00K$431.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $395.00K$1.2MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |