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Overview / Commentary
5898 Copley Dr
San Diego, CA 92111

North Island Credit Union is headquartered in San Diego and is the 34th largest credit union in the state of California. It is also the 201st largest credit union in the nation. It was established in 1940 and as of September of 2016, it had grown to 221 employees and 73,510 members at 11 locations. North Island Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to all San Diegans.
See current membership details

Reviews (1)

2.43% Just Ain't Gonna Happen...

Posted by: Quietflair | Feb 9, 2013

2.43% for a 5 year CD  !!!!  Sorry, it is too good to be true.

Depositaccounts.com.  Love ya, but it is totally misleading to say we will receive this interest rate.

A third of your investment may get get that, but it will be watered down by the low interest rate you get on the other 2/3s which are at substantially lower rates.  So what is your blended rate over the 5 year period?  I went to North Island Financial Credit Union yesterday and asked that question.  The associate couldn't tell me nor could his boss.  I am going to try to figure that out on an spreadsheet.

FYI, the other 2/3's must be in a 12 month (@ .4%) and 36 month CD (@1.4%).  Are you required to roll these over with North Island Financial Credit Union when they mature?  I did not get a clear answer but see below.   They said that when the 12 month certificate comes due, you are "expected" to make it a 5 year CD with this credit union. 

Here is what I want to do given what I understand:  put $249K in this account.  $83,333 at 2.43% for 5 years; $83,333 at 1.4% for 3 years and $83,333 at .4% for 12 months.  I know right now that I would not want to renew the 12 month nor the 3 year (why limit my options?).  I would then let the $83,333 get 2.43% for the full 5 years.  Can I do this?  The boss said yes, but the website says this: "If you elect not to renew any certificate within your ladder, the remaining certificates will not be eligible for the ladder rates at maturity."

North Island Federal Credit reps are contradicting the website and I am confused.  What I do know with certainty is that the consumer ain't gonna get 2.43% any way you slice it.



Health Grade Components

NCUA #68452
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD7.47%
Annual Interest Income$27.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.25B$1.18B
LoansQ3 2016vs Q3 2015$906.3MM$801.2MM
DepositsQ3 2016vs Q3 2015$1.08B$1.03B
Equity CapitalQ3 2016vs Q3 2015$141.7MM$130.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$4.6MM$6.1MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$3.6MM$7.2MM
Real Estate OwnedQ3 2016vs Q3 2015$465.00K$0

Rates for North Island Credit Union are currently being reviewed.


North Island Credit Union has 11 locations. Click to view all North Island Credit Union locations.