Provident Credit Union (CA)

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

Provident Credit Union (CA) is headquartered in Redwood City and is the 20th largest credit union in the state of California. It is also the 101st largest credit union in the nation. It was established in 1950 and as of September of 2020, it had grown to 335 employees and 126,934 members at 22 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. Family and household members of current credit union members are also eligible to join.
See current membership details

Great employees

To The President/CEO
Provident Credit Union
Redwood City, CA

Ref: San Ramon Branch Employees

Dear Sir:
It gives me great pleasure to come to you with a review for the San Ramon Branch and the outstanding team of
employees that demonstrates pure professionalism.

Elisha Fiel: Branch Manager, I can not say enough about her, how warm she is to the elderly that come into the branch, always
willing and showing compassion ready to jump in to help whatever needed. "Way to go Elisha"

Veronica Ramirez: This lady is like family, happy, smiling and one of the original employees that has been at that location from day
one. She has the patience of "JOB" from the Bible. Always asking how's your day going, if you say not that great, after just being around her very positive attitude will make you feel so much better before you leave the credit union. "Peace and Blessings to you

Johndel Braga , Shalina Yares, and Analisa Wayrynen are fairly new to the branch but still you feel that welcome camaraderie, outstanding personalities and a great fit to the branch. What a delight to have them there. "You Ladies and Guy Rock". Keep doing your best .

Last Mr. President: you should be honored to have such a wonderful group of employees taking such great care of every person
coming into that branch. It's because of them that your doors will stay open.

Francesca Ferrer

Great Institution; High Rewards Checking Rate

Posted by: |

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 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. 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: |

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."

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.



Health Grade Components

NCUA #66343
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.42%
Annual Interest Income$62.6MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$3.22B$2.73B
LoansQ3 2020vs Q3 2019$1.98B$1.87B
DepositsQ3 2020vs Q3 2019$2.85B$2.39B
Equity CapitalQ3 2020vs Q3 2019$334.3MM$316.0MM
Loan Loss AllowanceQ3 2020vs Q3 2019$9.9MM$4.4MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.8MM$591.00K
Real Estate OwnedQ3 2020vs Q3 2019$0$0
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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% $5 - $25k
0.08%*$25k*-Youth Savings
OTHER TIERS: 0.03% $5 - $25k
0.08%*$25k*-Business Regular Savings
OTHER TIERS: 0.03% $5 - $25k
0.08%*$25k*-Secondary Savings Account
OTHER TIERS: 0.03% $5 - $25k
0.03%--Round Up

Provident Credit Union (CA) Money Market Rates

0.51%*$125k*-Premier Money Market Savings
OTHER TIERS: 0.31% $25k - $75k | 0.41% $75k - $125k
0.31%*$100k*-Money Market Savings
OTHER TIERS: 0.08% $2.5k - $10k | 0.16% $10k - $50k | 0.21% $50k - $100k

Provident Credit Union (CA) Checking Account Rates

1.01%*-$25kSuper Reward Checking - Qualifying
OTHER TIERS: 0.08% $25k+
0.20%*$125k*-Dividend Business Checking
OTHER TIERS: 0.10% $25k - $75k | 0.15% $75k - $125k

Provident Credit Union (CA) CD Rates

0.81%*$100k*-60 Month CD
OTHER TIERS: 0.71% $1k - $50k | 0.76% $50k - $100k
0.76%*$100k*-48 Month CD
OTHER TIERS: 0.66% $1k - $50k | 0.71% $50k - $100k
0.61%*$100k*-36 Month CD
OTHER TIERS: 0.51% $1k - $50k | 0.56% $50k - $100k
0.46%*$100k*-24 Month CD
OTHER TIERS: 0.36% $1k - $50k | 0.41% $50k - $100k
0.36%*$100k*-12 Month CD
OTHER TIERS: 0.26% $1k - $50k | 0.31% $50k - $100k
0.36%*$100k*-24 Month Bump Up CD
OTHER TIERS: 0.26% $1k - $50k | 0.31% $50k - $100k
0.36%*$100k*-12 Month Deferred Dividend CD
OTHER TIERS: 0.26% $500 - $50k | 0.31% $50k - $100k
0.36%*$100k*$1m24 Month Add-On Variable Rate CD
OTHER TIERS: 0.26% $500 - $50k | 0.31% $50k - $100k
0.36%*$100k*$1mHSA 24 Month Add-On Certificate
OTHER TIERS: 0.26% $250 - $50k | 0.31% $50k - $100k
0.26%*$100k*-6 Month CD
OTHER TIERS: 0.16% $1k - $50k | 0.21% $50k - $100k
0.26%*$100k*-12 Month Add On CD
OTHER TIERS: 0.16% $250 - $50k | 0.21% $50k - $100k
0.26%*$100k*$1m12 Month Youth Add On CD
OTHER TIERS: 0.16% $50 - $50k | 0.21% $50k - $100k
0.26%*$100k*$1mHSA 12 Month Add-On Certificate
OTHER TIERS: 0.16% $250 - $50k | 0.21% $50k - $100k
0.16%$5k$500k13 Month Liquid CD

Provident Credit Union (CA) IRA Rates

0.81%*$100k*-60 Month IRA
OTHER TIERS: 0.71% $500 - $50k | 0.76% $50k - $100k
0.76%*$100k*-48 Month IRA
OTHER TIERS: 0.66% $500 - $50k | 0.71% $50k - $100k
0.61%*$100k*-36 Month IRA
OTHER TIERS: 0.51% $500 - $50k | 0.56% $50k - $100k
0.51%*$100k*-36 Month Variable Rate IRA
OTHER TIERS: 0.41% $500 - $50k | 0.46% $50k - $100k
0.46%*$100k*-24 Month IRA
OTHER TIERS: 0.36% $500 - $50k | 0.41% $50k - $100k
0.36%*$100k*-12 Month IRA
OTHER TIERS: 0.26% $500 - $50k | 0.31% $50k - $100k
0.36%*$100k*-24 Month Bump Up IRA
OTHER TIERS: 0.26% $500 - $50k | 0.31% $50k - $100k
0.36%*$100k*$1m24 Month Add On IRA
OTHER TIERS: 0.26% $250 - $50k | 0.31% $50k - $100k
0.36%*$100k*$1m24 Month Variable Rate IRA
OTHER TIERS: 0.26% $500 - $50k | 0.31% $50k - $100k


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