Commonwealth Central Credit Union

Overview / Commentary
5890 Silver Creek Valley Rd
San Jose, CA 95138

Commonwealth Central Credit Union is headquartered in San Jose and is the 84th largest credit union in the state of California. It is also the 638th largest credit union in the nation. It was established in 1958 and as of December of 2023, it had grown to 98 employees and 39,279 members at 5 locations. Commonwealth Central Credit Union's CD rates are 4X the national average, and it 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

Reviews (1)

Best Credit Union Ever!

Posted by: |

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!


Health Grade Components

NCUA #61741
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD1.71%
Return on Equity - YTD14.99%
Annual Interest Income$27.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$631.5MM$672.6MM
LoansQ4 2023vs Q4 2022$518MM$489.8MM
DepositsQ4 2023vs Q4 2022$553.1MM$604.8MM
Equity CapitalQ4 2023vs Q4 2022$72.3MM$62.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.6MM$2.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.2MM$748K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Commonwealth Central Credit Union Savings Account Rates

3.00%*-$5kGet to Know You Savings For New Members
OTHER TIERS: 0.05% $10k+ | 1.00% $5k - $10k
0.80%*$100k*$250kWealth Management Savings
OTHER TIERS: 0.75% $2.5k - $100k
0.80%*$100k*$250kWealth Management IRA
OTHER TIERS: 0.75% $2.5k - $100k
0.05%$100-Regular Shares
0.05%$5-Youth Share Account
0.05%$100-Holiday Club

Commonwealth Central Credit Union Money Market Rates

0.85%*$250k*-Money Management Account
OTHER TIERS: 0.75% $2.5k - $100k | 0.80% $100k - $250k

Commonwealth Central Credit Union Checking Account Rates

2.50%*-$20kRewards Checking
OTHER TIERS: 0.05% $20k+
0.06%*$100k*-Wealth Checking
OTHER TIERS: 0.03% $2.5k - $100k
0.03%--Premium Checking

Commonwealth Central Credit Union CD Rates

4.25%$500$250k11 Month Share Certificate Welcome - New Money
4.00%$500$250k7 Month Share Certificate Special - New Money
3.40%$500-6 Month Share Certificate
3.40%$250-6 Month Youth Share Certificate
3.35%$500-12 Month Share Certificate
3.35%$250-12 Month Youth Share Certificate
3.15%$500-18 Month Share Certificate
3.15%$500-24 Month Share Certificate
3.00%$500-36 Month Share Certificate
2.65%$500-48 Month Share Certificate
2.25%$500-3 Month Share Certificate

Commonwealth Central Credit Union IRA Rates

3.35%$100-12 Month IRA Certificate
3.15%$100-18 Month IRA Certificate
3.15%$100-24 Month IRA Certificate
3.00%$100-36 Month IRA Certificate

Commonwealth Central Credit Union Locations
Branch Office5890 Silver Creek Valley RdSan Jose, CA 95138
Branch Office400 Tennant StaMorgan Hill, CA 95037
Branch Office3075 Union AveSan Jose, CA 95124
Branch Office1041 Cochrane Rd Ste 180Morgan Hill, CA 95037
Branch Office5890 Silver Creek Valley RdSan Jose, CA 95138

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