Commonwealth Central Credit Union
Commonwealth Central Credit Union is headquartered in San Jose and is the 82nd largest credit union in the state of California. It is also the 596th largest credit union in the nation. It was established in 1958 and as of December of 2022, it had grown to 94 employees and 39,642 members at 5 locations. Commonwealth Central Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in CommonWealth Central Credit Union membership is open to anyone who lives or works in Santa Clara County, California. Relatives or household members of a current CommonWealth Central Credit Union are eligible to join. Employees of a participating CommonWealth Member Company also qualify for membership.
See current membership details
Best Credit Union Ever!
with their revamped website and killer rates, all I have to say about Commonwealth credit union is positive. I feel that I benefit greatly by dealing with a small CU as opposed to a huge national bank. B of A... so the enemy. I've been with this bank since I was literally born, and what I recall from my younger days were a bunch of special promotions and offers that made savings "cool" to kids. Now, as I pay off cars and start my first mortgage, this bank is still able to support me in all that I do. Even when I went to college in LA for 4 years, the geographical distance did not affect the quality of service I received. Great tellers, INCREDIBLE phone customer service, AND I get free checks. What could be better? I'll be with this credit union for life!
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61741 |
| Year Chartered | 1958 |
| Employees | 94 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 8.44% |
| Annual Interest Income | $21.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $672.6MM$681.8MM |
| Loans | Q4 2022vs Q4 2021 | $489.8MM$419.9MM |
| Deposits | Q4 2022vs Q4 2021 | $604.8MM$620.1MM |
| Equity Capital | Q4 2022vs Q4 2021 | $62.2MM$58.4MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $2.6MM$2.6MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $748.00K$782.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |