Meriwest Credit Union


Overview / Commentary
877-637-4937
5615 Chesbro Ave
San Jose, CA 95123-3046

Meriwest Credit Union is headquartered in San Jose and is the 30th largest credit union in the state of California. It is also the 188th largest credit union in the nation. It was established in 1961 and as of June of 2019, it had grown to 236 employees and 84,682 members at 11 locations. Meriwest Credit Union's savings rates are 7X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Meriwest Credit Union is open to those who live, work, or attend school in Alameda, Contra Costa, San Francisco, San Mateo, or Santa Clara Counties in California or Pima County in Arizona.
See current membership details

Related Posts

View all posts from:


Reviews (3)

Such a great credit union!

Meriwest rocks! The tellers are always happy to see you, there is never a line and they offer a number of great services for everyone in the family. Absolutely love them! I only wish they had more locations.



They waive non-Meriwest ATM charges, they waive Coinstar charges, they give excellent service, and they're very easy to work with. I was with Wells Fargo for 20+ years and Meriwest is a much better place to bank!



I've been impressed with Meriwest Credit Union since I opened an account there last year. I have a checking account and an auto loan with them. I got my car loan last August, and have been in only a couple times since then for deposits and withdrawals (I prefer teller transactions vs. the ATM). Today I went in to open another account, the supervisor with whom I opened my car loan and hadn't seen since last year, recognized me right away. He helped me through the process of opening a new account quickly, and was very gracious and helpful.

One of the best around

Posted by: Jason3 | Jul 29, 2014

This credit union has absolutely great employees who are very dedicated to making you happy. I applied for a home loan here and the process was very smooth and involved me interfacing with a few people from different departments. They all had the same friendly way of going about things and were extremely precise in what they needed from you and did so with a smile. I enjoyed my experience so much that I even opened up a checking and savings accounts. This credit union is awesome!

Values New Members More Than Existing Members

I'm revising my review, because as a long-time member of Meriwest, I'm being treated as less important that a possible new member.

Meriwest has a "premier" savings account that pays some of the best interest rates in the state of California... but only if you open it within 30 days of becoming a member. I've been a member more than 30 days, so I have to close out my membership and wait six months to re-establish a new membership to be eligible.

All in all, it's an experience that goes against the "member-owned credit unions treat you better than a bank" assertion.



Health
B+

Health Grade Components

Overall
NCUA #68394
Year Chartered1961
Employees236
Primary Regulator
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD11.96%
Annual Interest Income$30.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.63B$1.54B
LoansQ2 2019vs Q2 2018$1.34B$1.26B
DepositsQ2 2019vs Q2 2018$1.25B$1.23B
Equity CapitalQ2 2019vs Q2 2018$134.4MM$110.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$8.4MM$8.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$6.2MM$5.3MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Meriwest 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.

Meriwest Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$100*$5kPremier Savings for New Members
OTHER TIERS: 0.50% $50k+ | 1.00% $10k - $50k | 2.00% $5k - $10k
0.35%$100-You Name It Savings
0.10%$100-Business Savings
0.03%$100-Membership Accounts
0.03%$100-Youth Accounts
0.03%$100-Special Savings Accounts
0.03%$100-Custodial/Trust Accounts
0.03%$100-IRA Accumulative Savings
0.03%$100-Holiday Club Account

Meriwest Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$10k-Money Market Special w/Checking
1.50%$10k-Money Market Special
0.15%*$250k*-Money Market
OTHER TIERS: 0.05% $2.5k - $50k | 0.10% $50k - $250k
0.15%*$250k*-Business Money Market Account
OTHER TIERS: 0.05% $2.5k - $50k | 0.10% $50k - $250k

Meriwest Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$100$15kSmart REWARDS Checking
0.20%*$25k*$250kBusiness Premier Checking
OTHER TIERS: 0.05% $100 - $10k | 0.10% $10k - $25k
0.05%$100$250kBusiness Basic Checking

Meriwest Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-Business 60 Month Pick-A-Term Share Certificate
1.00%$1k-60 Month Pick-A-Term CD
0.75%$1k-48 to 59 Month Pick-A-Term CD
0.75%$1k-Business 48 to 59 Month Pick-A-Term Share Certificate
0.50%$1k-36 to 47 Month Pick-A-Term CD
0.50%$1k-Business 36 to 47 Month Pick-A-Term Share Certificate
0.30%$1k-24 to 35 Month Pick-A-Term CD
0.30%$1k-Business 24 to 35 Month Pick-A-Term Share Certificate
0.15%$1k-12 to 23 Month Pick-A-Term CD
0.15%$1k-Business 12 to 23 Month Pick-A-Term Share Certificate
0.10%$10k-5 Month Liquid Share Certificate
0.10%$10k-Business 5 Month Liquid Certificate
0.10%$1k-6 to 11 Month Pick-A-Term CD
0.10%$1k-Business 6 to 11 Month Pick-A-Term Share Certificate

Meriwest Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month Fixed IRA
0.75%$1k-48 to 59 Month Fixed IRA
0.50%$1k-36 to 47 Month Fixed IRA
0.30%$1k-24 to 35 Month Fixed IRA
0.15%$1k-12 to 23 Month Fixed IRA
0.10%$10k-5 Month IRA Liquid Share Certificate
0.10%$1k-6 to 11 Month Fixed IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.