MyPoint Credit Union is headquartered in San Diego and is the 82nd largest credit union in the state of California. It is also the 607th largest credit union in the nation. It was established in 1948 and as of June of 2023, it had grown to 113 employees and 28,271 members at 7 locations. MyPoint Credit Union's CD rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
MyPoint Credit Union is open to those who live, work, or worship in San Diego or Riverside Counties in California. Immediate family may also join.
See current membership details
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Worst Bank In The History Of Man
Worst service I've ever had from a bank. I paid my $5 "membership fee" and deposited money. Was going to get a car loan but didn't make sense. I left my funds in the account and later than week went online to start setting things up so I could direct deposit funds to that account, well their website is useless and so I never ended up doing it. Their hours are horrible... why would a bank close at 5pm every business day... most people work till 5pm.
Anyways, fast forward a few years and I remembered I had money in that account, went in to withdraw the funds and close the account. The branch manager said, "that account was closed out. there was no activity so we closed it". So you charge me a fee to become a "member", then I give you money to put in your bank and you say "pound sand, that money is gone. it costs us money for you to keep your money in here" ???? They should fire that branch manager, his name was Jeff.
Horrible Bank! Can't Even Give Them One Star!
This is the WORST bank you will ever go to. Do yourself a favor and never go.
The worst customer service, will be on hold forever and don't ever be late on a payment
because your now in the "collection department" and will be treated like a criminal.
The same kind of person who likes giving someone a parking ticket is the same
kind of person you will deal with. And if you ask to speak to a manager, they
won't let you. They will keep you on hold forever and then conveniently hang
up on you. The worst!
Rates And Charges
Something is happening at PLCU and it's not good. Share rates are dropping like lead flies and they now have started charging for their on-line Bill Pay service, which was previously free. Their rationale for charging is that they can no longer stand the approximately $7.00 per user that the outside bill payer service charges PLCU per month, so must charge half that amount to each user. This while other CU's have stopped charging and added services.
PLCU's rates have wallowed at the bottom of the local CU pile, while others offer rates a percent, or even two in some cases, higher for the same time frame in IRA and time deposits. PLCU offers no specials on short or interim time deposits to invite capital into their hands.
Finally, communications to their management and even superviisory committee go unheeded, which is, to me, a really bad sign of problems at the top. I don't think they want to communicate with the depositors at all. In my case, it didn't matter as my funds went elsewhere. But for others, looking at your Health rating, maybe it's time to take a closer look and see what's going on here that might or might not give you comfort about this CU.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68377 |
| Year Chartered | 1948 |
| Employees | 113 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 3.17% |
| Annual Interest Income | $11.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $665.2MM$701.0MM |
| Loans | Q2 2023vs Q2 2022 | $476.9MM$480.8MM |
| Deposits | Q2 2023vs Q2 2022 | $590.8MM$625.0MM |
| Equity Capital | Q2 2023vs Q2 2022 | $54.9MM$53.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$820.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $212.00K$785.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |