Employees Choice Federal Credit Union

Overview / Commentary

www.employeeschoice.org

619-579-0941

266 S Magnolia Ave Ste 101
El Cajon, CA 92020

Employees Choice Federal Credit Union is headquartered in El Cajon and is the 248^th largest credit union in the state of California. It is also the 3,521^st largest credit union in the nation. It was established in 1960 and as of September of 2019, it had grown to 3 employees and 1,187 members at 2 locations. Employees Choice Federal Credit Union's CD rates are 40% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees of the city of El Cajon, the City of La Mesa, the Helix Water District, San Diego County working in La Mesa, California state working or headquartered in La Mesa, Roger S. Gordon & Co., CPA, The Goods Insurance Agency, Pfuhl & Knight Accountancy Corporation.
See current membership details

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Health

C+

Data as of Q3 2019

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Employees Choice Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	13526
Year Chartered	1960
Employees	3
Primary Regulator

Profit Margin
Return on Assets - YTD	0.65%
Return on Equity - YTD	5.92%
Annual Interest Income	$445.00K

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$16.7MM$18.1MM
Loans	Q3 2019vs Q3 2018	$9.0MM$8.5MM
Deposits	Q3 2019vs Q3 2018	$14.8MM$16.1MM
Equity Capital	Q3 2019vs Q3 2018	$1.9MM$1.7MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$74.00K$52.00K
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$0$0
Real Estate Owned	Q3 2019vs Q3 2018	$0$0

Rates

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Savings
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Employees Choice Federal 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.

Employees Choice Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	-	$10k	Holiday Club Certificate
0.10%	$25	$500k	Regular Share Account
0.10%	$25	-	IRA Share Account
0.10%	$25	-	Secondary Share Account

Employees Choice Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$5k	-	Share Draft Account

Employees Choice Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%^*	$25k^*	-	12 Month Share Certificate
OTHER TIERS: 1.00% → $5k - $25k
0.80%^*	$25k^*	-	6 Month Share Certificate
OTHER TIERS: 0.60% → $5k - $25k
0.70%^*	$25k^*	-	3 Month Share Certificate
OTHER TIERS: 0.50% → $5k - $25k

Employees Choice Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%^*	$25k^*	-	12 Month IRA Share Certificate
OTHER TIERS: 1.00% → $5k - $25k
0.80%^*	$25k^*	-	6 Month IRA Share Certificate
OTHER TIERS: 0.60% → $5k - $25k
0.70%^*	$25k^*	-	3 Month IRA Share Certificate
OTHER TIERS: 0.50% → $5k - $25k

Locations

Employees Choice Federal Credit Union Locations
Branch Office	266 S Magnolia Ave Ste 101	El Cajon, CA 92020
Branch Office	7839 University Ave Ste 101	La Mesa, CA 91942

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