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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 249th largest credit union in the state of California. It is also the 3,530th largest credit union in the nation. It was established in 1960 and as of December of 2019, it had grown to 3 employees and 1,176 members at 2 locations. Employees Choice Federal Credit Union's CD rates are 11% higher than the national average, and it has a B 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.
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Health
B

Data as of Q4 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 Chartered1960
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD6.05%
Annual Interest Income$586.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$16.3MM$17.6MM
LoansQ4 2019vs Q4 2018$9.0MM$8.7MM
DepositsQ4 2019vs Q4 2018$14.2MM$15.8MM
Equity CapitalQ4 2019vs Q4 2018$1.9MM$1.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$69.00K$55.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$3.00K$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%-$10kHoliday Club Certificate
0.10%$25$500kRegular Share Account
0.10%$25-IRA Share Account
0.10%$25-Secondary Share Account

Employees Choice Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10k-Share Draft Account

Employees Choice Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-12 Month Share Certificate
OTHER TIERS: 0.75% → $1k - $10k
0.55%*$10k*-6 Month Share Certificate
OTHER TIERS: 0.35% → $1k - $10k
0.45%*$10k*-3 Month Share Certificate
OTHER TIERS: 0.25% → $1k - $10k

Employees Choice Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-12 Month IRA Share Certificate
OTHER TIERS: 0.75% → $1k - $10k
0.55%*$10k*-6 Month IRA Share Certificate
OTHER TIERS: 0.35% → $1k - $10k
0.45%*$10k*-3 Month IRA Share Certificate
OTHER TIERS: 0.25% → $1k - $10k
Locations


Employees Choice Federal Credit Union Locations
Branch Office266 S Magnolia Ave Ste 101El Cajon, CA 92020
Branch Office7839 University Ave Ste 101La Mesa, CA 91942

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