Provident Credit Union (CA)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.01% | Reward Checking | Super Reward Checking 1.75% - National Average |
| 1.20% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.15% | 1-year CD | 13 Month Liquid CD 1.05% - Ally Bank High Yield 12-Month CD |
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 95th largest credit union in the nation. It was established in 1950 and as of June of 2016, it had grown to 267 employees and 104,855 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; (5) employees of City Building Inc., Circraft Inc., Inspired Company or other select local companies.
See current membership details
Related Posts
1/8 - Provident Credit Union CA Drops Rate To 1.36% APY
10/24 - Providentcu RCA Drops Fr 2.26 To 2.01%
4/30 - Updated Review of Provident CU's Super Reward Checking Account
4/2/08 - More Rate Cuts - Savings, Checking and Reward Checking Accounts
2/10/08 - 4.00% 60-Month CD at a California CU - IRA/Easy Membership (Provident).
1/23/08 - Some More Decent CD Rates That Are Still Available
12/6/07 - Zopa, the Person-to-Person Lender, Partners with Credit Unions to Offer High Yield CDs
11/7/07 - 5.30% 16-Month CD at a California CU - easy membership (Provident)
7/6/07 - Reward Checking Account at a California CU (Provident)
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
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
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
| Overall | |
|---|---|
| NCUA # | 66343 |
| Year Chartered | 1950 |
| Employees | 267 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 6.39% |
| Annual Interest Income | $28.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $2.19B$2.09B |
| Loans | Q2 2016vs Q2 2015 | $1.30B$1.18B |
| Deposits | Q2 2016vs Q2 2015 | $1.90B$1.83B |
| Equity Capital | Q2 2016vs Q2 2015 | $265.5MM$247.0MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $3.8MM$4.1MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $712.00K$2.0MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Provident Credit Union (CA); 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.
Provident Credit Union (CA) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55% | $25 | - | HSA Checking | ||
| 0.25% | $25 | $36k | Accumulator | ||
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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 | |||||
| 0.05% | - | - | Premier Money Market Savings - Non Qualifying | ||
Provident Credit Union (CA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.01%* | - | $25k | Super 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 | |
| 0.25% | $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 | |
| 0.15% | $1k | - | 6 Month CD | |
| 0.15% | $5k | - | 13 Month Liquid CD |
Provident Credit Union (CA) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 | |
| 0.35% | $250 | - | HSA 24 Month Add-On Certificate | |
| 0.25% | $500 | - | 12 Month IRA | |
| 0.20% | $250 | - | HSA 12 Month Add-On Certificate |
Provident Credit Union (CA) has 20 locations. Click to view all Provident Credit Union (CA) locations.