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Kern Federal Credit Union

Popular Accounts at this Credit Union

2.00%Reward CheckingKasasa Cash
0.50%Reward SavingsKasasa Saver
0.35%1-year CDOne Year Add-On Jumbo CD

Overview / Commentary
1717 Truxtun Ave
Bakersfield, CA 93301-5102

Kern Federal Credit Union is headquartered in Bakersfield and is the 103rd largest credit union in the state of California. It is also the 881st largest credit union in the nation. It was established in 1949 and as of September of 2016, it had grown to 59 employees and 18,791 members at 2 locations. Kern Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Must live, work, worship or go to school in Kern County, California.
See current membership details

Reviews (2)

Overall, Pretty Good

Kern FCU is a pretty good credit union. Their rewards checking accounts are awesome but there are plenty of things that makes this small credit union really bad. For one thing, their financial services representatives will never answer in the afternoon. I tried calling them multiple times in the afternoon and never got an answer which sucks because I work in the morning and can't call them then. I requested a call back and what do you know , they called me back in the morning when I'm at work and when I called back in the afternoon they don't answer. Guaranteed to see a representative if you go down to the branch but otherwise good luck. Their savings, despite advertising as "high APY" is actually pretty low. As soon as I put my money in the savings, my APY went from 0.50% one month, to 0.27% the next month. When I was with Alliant my APY was always 1% which is why my savings grew so fast. Besides the terrible customer service and okay APY, the credit union is awesome with a great rewards checking. I recommend opening a checking and using a different account for savings like Synchrony or American Express savings account where they offer 1% or 0.90%. There's more out there that offer high savings.

Kern Fcu, A Great Place To Start!

Posted by: Marie2016 | Mar 18, 2016

I have been a member of this institution for about 12 years now. I opened my first checking and savings accounts and have not looked back since. The location is fantastic, I am always able to get in and out relatively fast. Even on Fridays, which is nearly impossible at most similar institutions. The service has always been fast and friendly. I have utilized mobile banking quite often with little to no issues. If there is anything I need assistance with, the representatives are always a quick call away and able to answer all my questions. I also feel really safe and secure when utilizing their website due to the security authentication processes. They are far more detailed than others I have experienced in the past and this allows me to accomplish a lot more online. The fees are minimal, and only takes $25 to open a checking account. Kern FCU is definitely a great institution, I highly recommend them!


Health Grade Components

NCUA #6032
Year Chartered1949
Primary Regulator
Profit Margin
Return on Assets - YTD-0.15%
Return on Equity - YTD-1.16%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$238.3MM$225.8MM
LoansQ3 2016vs Q3 2015$186.8MM$170.1MM
DepositsQ3 2016vs Q3 2015$204.7MM$193.0MM
Equity CapitalQ3 2016vs Q3 2015$29.9MM$30.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.7MM$946.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.0MM$896.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$181.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Kern Federal Credit Union Savings Account Rates

0.50%*-$10kKasasa Saver - Qualifying
OTHER TIERS: 0.25% $10k+
0.05%$100-Savings Account
0.05%$100-IRA Savings Account

Kern Federal Credit Union Money Market Rates

0.30%*$100k*-Money Market Account
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $10k | 0.15% $10k - $50k | 0.20% $50k - $100k

Kern Federal Credit Union Checking Account Rates

2.00%*-$10kKasasa Cash
OTHER TIERS: 0.25% $10k+
0.05%--Plus Checking

Kern Federal Credit Union CD Rates

0.80%$1k-36 Month CD
0.55%$1k-24 Month CD
0.35%$1k-12 Month CD
0.35%$100k-12 Month Jumbo CD
0.35%$1k-One Year Bump-Up CD
0.35%$1k-One Year Bump-Up Jumbo CD
0.35%$1k-One Year Add-On CD
0.35%$1k-One Year Add-On Jumbo CD
0.30%$1k-6 Month CD
0.30%$100k-6 Month Jumbo CD
0.20%$1k-3 Month CD
0.20%$100k-3 Month Jumbo CD

Kern Federal Credit Union IRA Rates

1.25%$1k-60 Month IRA Certificate
1.05%$1k-48 Month IRA Certificate
0.80%$1k-36 Month IRA Certificate
0.55%$1k-24 Month IRA Certificate
0.35%$1k-12 Month IRA Certificate
0.35%$100k-12 Month Jumbo IRA Certificate
0.35%$1k-One Year Bump-Up IRA
0.35%$1k-One Year Bump-Up Jumbo IRA
0.35%$1k-One Year Add-On IRA
0.35%$1k-One Year Add-On Jumbo IRA
0.30%$1k-6 Month IRA Certificate
0.30%$100k-6 Month Jumbo IRA Certificate
0.20%$1k-3 Month IRA Certificate
0.20%$100k-3 Month Jumbo IRA Certificate

Kern Federal Credit Union Locations
Branch Office4180 Coffee RdBakersfield, CA 93308
Branch Office1717 Truxtun AveBakersfield, CA 93301-5102