Commonwealth Central Credit Union is headquartered in San Jose and is the 83rd largest credit union in the state of California. It is also the 623rd largest credit union in the nation. It was established in 1958 and as of June of 2023, it had grown to 98 employees and 40,110 members at 5 locations. Commonwealth Central Credit Union's CD rates are 4X the national average, and it has a B+ health rating.
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
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!
Overall | |
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NCUA # | 61741 |
Year Chartered | 1958 |
Employees | 98 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 2.04% |
Return on Equity - YTD | 19.67% |
Annual Interest Income | $13.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $648.5MM$687.1MM |
Loans | Q2 2023vs Q2 2022 | $509.9MM$434.1MM |
Deposits | Q2 2023vs Q2 2022 | $574.0MM$623.6MM |
Equity Capital | Q2 2023vs Q2 2022 | $68.0MM$58.4MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$2.5MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $780.00K$423.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Commonwealth Central Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.85%* | $250k* | - | Money Management Account | ||
OTHER TIERS: 0.75% → $2.5k - $100k | 0.80% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.50%* | - | $20k | Rewards Checking | ||
OTHER TIERS: 0.05% → $20k+ | |||||
0.06%* | $100k* | - | Wealth Checking | ||
OTHER TIERS: 0.03% → $2.5k - $100k | |||||
0.03% | - | - | Premium Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.15% | $100 | - | 12 Month IRA Certificate | |
3.15% | $100 | - | 18 Month IRA Certificate | |
3.15% | $100 | - | 24 Month IRA Certificate | |
3.15% | $100 | - | 36 Month IRA Certificate |
Commonwealth Central Credit Union Locations | ||
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Branch Office | 5890 Silver Creek Valley Rd | San Jose, CA 95138 |
Branch Office | 400 Tennant Sta | Morgan Hill, CA 95037 |
Branch Office | 3075 Union Ave | San Jose, CA 95124 |
Branch Office | 1041 Cochrane Rd Ste 180 | Morgan Hill, CA 95037 |
Branch Office | 5890 Silver Creek Valley Rd | San Jose, CA 95138 |