Overview / Commentary
9420 Farnham St
San Diego, CA 92123

Point Loma Credit Union is headquartered in San Diego and is the 78th largest credit union in the state of California. It is also the 546th largest credit union in the nation. It was established in 1948 and as of September of 2018, it had grown to 122 employees and 31,285 members at 6 locations. Point Loma Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in San Diego and Riverside Counties in California.
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Reviews (3)

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!

Posted by: Anonymous | Jun 18, 2011

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

Posted by: InDaSun | Jul 22, 2010

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.


Health Grade Components

NCUA #68377
Year Chartered1948
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD6.3%
Annual Interest Income$13.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$504.0MM$492.3MM
LoansQ3 2018vs Q3 2017$424.8MM$383.0MM
DepositsQ3 2018vs Q3 2017$453.0MM$443.8MM
Equity CapitalQ3 2018vs Q3 2017$43.7MM$41.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.0MM$1.2MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$481.00K$357.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not Point Loma 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.

Point Loma Credit Union Savings Account Rates

0.03%*$2.5k*-Savings Account
OTHER TIERS: 0.01% Up to $300 | 0.02% $300 - $2.5k

Point Loma Credit Union Money Market Rates

0.30%*$100k*-Money Management
OTHER TIERS: 0.08% $1k - $10k | 0.15% $10k - $25k | 0.21% $25k - $50k | 0.24% $50k - $100k

Point Loma Credit Union Checking Account Rates

1.77%*-$25kUltra Rewards - Qualifying
OTHER TIERS: 0.02% $25k+
0.02%*$10k*-Any Access Checking
OTHER TIERS: 0.01% $1k - $10k

Point Loma Credit Union CD Rates

2.21%$1k-5 Year CD
1.87%$1k-4 Year CD
1.53%$1k-13 Month LIQUID CD
1.51%$1k-3 Year CD
1.17%$1k-2 Year CD
0.85%$50$25k1 Year Add-on CD
0.60%$1k-6 Month CD
0.50%$1k-3 Month CD

Point Loma Credit Union IRA Rates

2.21%$1k-5 Year IRA CD
1.87%$1k-4 Year IRA CD
1.51%$1k-3 Year IRA CD
1.17%$1k-2 Year IRA CD
0.85%$50-1 Year IRA CD

Point Loma Credit Union Locations
Branch Office3003 Highland Ave Ste 102National City, CA 91950
Branch Office9420 Farnham StSan Diego, CA 92123
Branch Office10413 Craftsman Way Ste 102San Diego, CA 92127
Branch Office780 Jamacha RdEl Cajon, CA 92019
Branch Office6971 El Camino Real Ste 102Carlsbad, CA 92009
Branch Office3777 Sports Arena BlvdSan Diego, CA 92110-5131

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