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Provident Credit Union (CA)

Popular Accounts at this Credit Union

2.01%Reward CheckingSuper Reward Checking
1.20%5-year CD60 Month CD
0.15%1-year CD13 Month Liquid CD

Overview / Commentary
303 Twin Dolphin Dr
Redwood City, CA 94065-1497

Provident Credit Union (CA) is headquartered in Redwood City and is the 18th largest credit union in the state of California. It is also the 92nd largest credit union in the nation. It was established in 1950 and as of December of 2016, it had grown to 281 employees and 108,977 members at 20 locations. Provident Credit Union (CA) has an A+ health rating.

Field of Membership Restrictions

Membership in Provident Credit Union is open to the following: (1) those who live or work in San Mateo, San Francisco, Santa Clara, Contra Costa, Alameda, Monterey, Sacramento, Pacer, Humboldt, or El Dorado Counties in California and the City of Los Angeles, (2) employees of Belmont Chamber of Commerce, Danish-American Chamber of Commerce of Northern California, Burlingame Chamber of Commerce, and select local chambers of commerce in California, (3) members of the AFL-CIO Local 501, Carpenters Local 217 and select local unions, (4) members or employees of the American Heart Association-San Francisco Chapter, Association for Workplace Justice and other local associations, and (5) employees of City Building Inc., Circraft Inc., Inspired Company or other select local companies.
See current membership details

Related Posts

Provident CU (CA) Changes Super Reward Checking Requirements - 9/8/2016

Provident CU (CA) has changed a Super Reward Checking (2.01% APY up to $25k) qualification requirement, and is no longer an easy membership credit union.

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Awesome Auto Loan

Obtaining an auto loan with Provident was an excellent experience. Colleen assisted me through the entire process and she was thoroughly amazing in all aspects. She was detailed oriented, competent and very friendly, constantly offering to go above her call of duty. See, choosing an $85,000 pre-owned, very specific automobile is no easy task, but she offered to speak with sellers, both private and dealers, which I readily accepted. Colleen helped pave the way for easy buyer-seller negotiation and helped make the transaction super smooth. One vehicle seller was thoroughly impressed after speaking with Colleen, she decided to open an account at Provident herself. Colleen was such a wonderful person to deal with at Provident. Please don't change a thing. Major kudos to Provident for having a winner of an employee.

Great Institution; High Rewards Checking Rate

Posted by: caten | Jul 2, 2011

I've been a member for 2 years and am a happy customer. I always look for credit unions first when choosing a bank-type institution; when I moved to the Bay Area I began my search. I looked at BBB.org ratings and complaint history. There were a few credit unions that topped the quality list and I finally choose Provident because of its Rewards Checking account rate.

Two years and greater acquaitance later, I have never regretted this decision. I easily recommend Provident to coworkers, friends, and people new to the area. That amazing rewards checking rate is still at 2.26% when everywhere rates keep dropping even on "high-yield" accounts from AMEX and Smarty Pig. (Rewards checking in general is fantastic these days if you can find it. Meeting the requirements is easy with my routine.)

Online banking is fine. I use auto bill-pay to cover my rent and direct deposit from my employer. Mint.com works great. The account is linked to mutual fund and brokerage accounts. ATMs are free within the entire credit union network; out of network ATM fees are reimbursed up to $2.50.

The only feature missing for me is virtual sub-accounts (like ING has). I'd like to auto-transfer money from the rewards checking into sub-accounts for savings goals, even if those virtual accounts are part of a seperate savings account with different (realisticaly lower) rates.

Provident Credit Union Restricts Transfer Amounts As Of 4/24/13

Posted by: andybuji | Apr 1, 2013

I received this email over the weekend from Provident CU:

"Our records indicate that you have set up an external account in our online banking system to transfer funds to/from your Provident accounts.

Good news! On April 24th, in-bound transfers from another institution will be completed within three business days instead of five — a full two days faster. Out-bound transfers will remain at 2 business days.

IMPORTANT: The maximum transfer amount per day is changing from $25,000 to $3,000, and the maximum transfer amount total every 30 days is changing from $34,999 to $6,000."

Worst Bank I Have Ever Dealt With.

I am extremely anal about the balance in my account and getting a NSF fee is just not acceptable. I had an unauthorized charge on my debit card which resulted in (3) $35 NSF fees. The charge was credited back to my account after the vendor realized it was an error. The vendor gave me a letter to the bank stating that it was not my fault and that fees should be refunded. The bank said that they will not refund their fees. I would have to chase the vendor. Not their problem. The vendor will not refund a fee that should not have been charged. And the bank will not refund me $105 to my checking account. The bank did not care that $105 was a huge amount out of my small paycheck. The are all about the bottom line. They could not care less about their customer. I will NEVER do business with them again.....but I doubt they really care.



Health Grade Components

NCUA #66343
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD6.9%
Annual Interest Income$57.9MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$2.28B$2.12B
LoansQ4 2016vs Q4 2015$1.39B$1.23B
DepositsQ4 2016vs Q4 2015$1.99B$1.86B
Equity CapitalQ4 2016vs Q4 2015$270.8MM$251.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$3.9MM$4.2MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$1.7MM$673.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$380.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Provident Credit Union (CA) Savings Account Rates

0.55%$25-HSA Checking
0.10%$25-IRA Savings
0.08%*$25k*-Membership Savings
OTHER TIERS: 0.03% Up to $25k
0.08%*$25k*-Youth Savings
OTHER TIERS: 0.03% Up to $25k
0.08%*$25k*-Business Regular Savings
OTHER TIERS: 0.03% Up to $25k
0.08%*$25k*-Secondary Savings Account
OTHER TIERS: 0.03% Up to $25k
0.03%--Round Up

Provident Credit Union (CA) Money Market Rates

0.20%*$125k*-Premier Money Market Savings - Qualifying
OTHER TIERS: 0.10% $25k - $75k | 0.15% $75k - $125k
0.15%*$100k*-Money Market Savings
OTHER TIERS: 0.05% $2,500 - $50k | 0.10% $50k - $100k

Provident Credit Union (CA) Checking Account Rates

2.01%*-$25kSuper Reward Checking - Qualifying
OTHER TIERS: 0.08% $25k+
0.20%*$125k*-Basic Business Checking
OTHER TIERS: 0.10% $25k - $75k | 0.15% $75k - $125k
0.20%*$125k*-Dividend Business Checking
OTHER TIERS: 0.10% $25k - $75k | 0.15% $75k - $125k

Provident Credit Union (CA) CD Rates

1.20%$1k-60 Month CD
0.95%$1k-48 Month CD
0.65%$1k-36 Month CD
0.40%$1k-24 Month CD
0.35%$1k-24 Month Bump Up CD
0.35%$500-24 Month Add-On Variable Rate CD
0.35%$250-HSA 24 Month Add-On Certificate
0.25%$1k-12 Month CD
0.25%$500-12 Month Deferred Dividend CD
0.20%$250-12 Month Add On CD
0.20%$50-12 Month Youth Add On CD
0.20%$250-HSA 12 Month Add-On Certificate
0.15%$1k-6 Month CD
0.15%$5k-13 Month Liquid CD

Provident Credit Union (CA) IRA Rates

1.20%$500-60 Month IRA
0.95%$500-48 Month IRA
0.65%$500-36 Month IRA
0.65%$500-36 Month Variable Rate Roth IRA
0.40%$500-24 Month IRA
0.35%$500-24 Month Bump Up IRA
0.35%$250-24 Month Add On IRA
0.35%$500-24 Month Variable Rate Coverdell ESA
0.25%$500-12 Month IRA

Provident Credit Union (CA) has 20 locations. Click to view all Provident Credit Union (CA) locations.