Foothill Credit Union is headquartered in Arcadia and is the 85th largest credit union in the state of California. It is also the 596th largest credit union in the nation. It was established in 1958 and as of December of 2019, it had grown to 69 employees and 28,119 members at 4 locations. Foothill Credit Union's savings rates are 3X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Foothill Federal Credit Union is open to members of the credit union's 200+ Select Employer Groups in San Gabriel Valley and to immediate family of those eligible. (A complete list of groups can be found on the credit union's website)
See current membership details
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My experience with Foothill Credit Union of Glendora, CA
My experience with the credit union was positive. At the time, I lived in Glendora, CA and this credit union was right down the street from me. It was around the time of 2008 recession - possibly 2009. Bank savings interest rates dropped substantially and my savings account with Bank of American went from somewhere around 5% or 6% down to sub 1% less than a year after the worst part of the recession. I was looking for a higher interest rate and I believe at the time, Foothill still offered 3 or 4%. When i visited the branch, I was pleasantly surprised that the customer service was much better and it had a more personalized feel to it. I decided to sign up with them and transferred most of my savings to Foothill. Unfortunately, in 2014 I moved quite a distance away (about 90 miles) and decided to go with a different financial institution that is about 2 blocks from where I live. Nevertheless, my experience with Foothill was excellent.
Checking with my Family Bank
This bank that I had a checking account with, was where my family has banked for a long time. It was easy to setup and the staff felt like family in way since we'd been there so long. They helped me get setup with my first checking and savings account and even gave me a free $100 deposit because of the money I put into them. Of course that was limited to how much money I put in at first. Still, it is nice to get free money. I eventually moved all my money to a main stream bank due to a move. I could have still accessed them from where I moved to but it would have been inconvenient.
Specialized CU
Designed for school employees, the rest of us who pay for them without our consent can go hang. Another example of how California labor interests run the rest of us to the disadvantage of the productive sectors.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 12425 |
| Year Chartered | 1958 |
| Employees | 69 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.02% |
| Return on Equity - YTD | 8.1% |
| Annual Interest Income | $16.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $493.1MM$445.2MM |
| Loans | Q4 2019vs Q4 2018 | $304.6MM$264.0MM |
| Deposits | Q4 2019vs Q4 2018 | $425.6MM$386.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $61.5MM$52.6MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $1.3MM$1.2MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $504.00K$395.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |