Featured Savings Rates
Featured Accounts

Meriwest Credit Union

Popular Accounts at this Credit Union

3.00%SavingsPremier Savings for New Members
1.50%Reward CheckingSmart REWARDS Checking
1.00%5-year CD60 Month Pick-A-Term CD

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

Meriwest Credit Union is headquartered in San Jose and is the 31st largest credit union in the state of California. It is also the 190th largest credit union in the nation. It was established in 1961 and as of December of 2016, it had grown to 214 employees and 75,103 members at 11 locations. Meriwest Credit Union's savings rates are 6X 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

Meriwest CU (CA/AZ) Has Added Tiered Premier Savings - 8/1/2016

Meriwest CU (CA/AZ) has a new Premier Savings account for new members (3.0% APY up to$5k; 2.0% APY up to $10k; 1.0% APY up to $50k; 0.5% APY over $50k).

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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 Grade Components

NCUA #68394
Year Chartered1961
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD9.73%
Annual Interest Income$39.2MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.34B$1.22B
LoansQ4 2016vs Q4 2015$1.02B$901.6MM
DepositsQ4 2016vs Q4 2015$1.13B$1.01B
Equity CapitalQ4 2016vs Q4 2015$92.5MM$92.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$8.1MM$7.9MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$5.5MM$5.4MM
Real Estate OwnedQ4 2016vs Q4 2015$0$267.00K
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* 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

3.00%*$100*$5kPremier Savings for New Members
OTHER TIERS: 0.50% $50k+ | 1.00% $10k - $50k | 2.00% $5k - $10k
0.10%$100-Business Savings
0.05%$100-You Name It Savings
0.03%$100-Regular Savings/Membership Accounts
0.03%$100-Youth Accounts
0.03%$100-Special Savings Accounts
0.03%$100-Custodial/Trust Accounts
0.03%$100-IRA Savings
0.03%$100-Holiday Club Account

Meriwest Credit Union Money Market Rates

0.15%*$250k*-Money Market Account
OTHER TIERS: 0.05% $2,500 - $50k | 0.10% $50k - $250k
0.15%*$250k*-Business Money Market Account
OTHER TIERS: 0.05% $2,500 - $50k | 0.10% $50k - $250k

Meriwest Credit Union Checking Account Rates

1.50%*$100*$15kSmart REWARDS Checking
OTHER TIERS: 0.10% $15k+
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

1.00%$1k-5 Years Pick-A-Term Share Business Certificate
1.00%$1k-60 Month Pick-A-Term CD
0.75%$1k-4 Years Pick-A-Term Share Business Certificate
0.75%$1k-48-59 Month Pick-A-Term CD
0.50%$1k-3 Years Pick-A-Term Share Business Certificate
0.50%$1k-36-47 Month Pick-A-Term CD
0.30%$1k-2 Years Pick-A-Term Share Business Certificate
0.30%$1k-24-35 Month Pick-A-Term CD
0.15%$1k-1 Year Pick-A-Term Share Business Certificate
0.15%$1k-12-23 Month Pick-A-Term CD
0.10%$10k$10k5-Month Liquid Certificate
0.10%$10k$10k5-Month Liquid Business Certificate
0.10%$1k-6 Months Pick-A-Term Share Business Certificate
0.10%$1k-6-11 Month Pick-A-Term CD
0.05%$1k-1-3 Month Business Pick-A-Term Share Certificate

Meriwest Credit Union IRA Rates

1.00%$1k-60 Month Fixed IRA
1.00%$1k-60 Month Fixed CESA
0.75%$1k-48-59 Month Fixed IRA
0.75%$1k-48-59 Month Fixed CESA
0.50%$1k-36-47 Month Fixed IRA
0.50%$1k-36-47 Month Fixed CESA
0.30%$1k-24-35 Month Fixed IRA
0.30%$1k-24-35 Month Fixed CESA
0.15%$1k-12-23 Month Fixed IRA
0.15%$1k-12-23 Month Fixed CESA
0.10%$10k$10k5-Month IRA Liquid Share Certificate
0.10%$1k-6-11 Month Fixed IRA
0.10%$10k$10k5-Month Liquid CESA
0.10%$1k-6-11 Month Fixed CESA

Meriwest Credit Union has 11 locations. Click to view all Meriwest Credit Union locations.