Commonwealth Central Credit Union is headquartered in San Jose and is the 79th largest credit union in the state of California. It is also the 565th largest credit union in the nation. It was established in 1958 and as of June of 2020, it had grown to 110 employees and 39,460 members at 6 locations. Commonwealth Central Credit Union has an A health rating.
Field of Membership Restrictions
A CommonWealth Central Credit Union membership is available to; (1) anyone who lives or works in Santa Clara County, (2) relatives or household occupants of current credit union members, (3) employees of any participating company of CommonWealth.
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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 Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61741 |
| Year Chartered | 1958 |
| Employees | 110 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 1.76% |
| Annual Interest Income | $9.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $586.5MM$521.6MM |
| Loans | Q2 2020vs Q2 2019 | $410.1MM$400.0MM |
| Deposits | Q2 2020vs Q2 2019 | $524.1MM$462.4MM |
| Equity Capital | Q2 2020vs Q2 2019 | $55.9MM$53.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $2.9MM$2.5MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $795.00K$1.0MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |