San Joaquin Power Employees Credit Union

Overview / Commentary
1080 W Shaw Ave Ste 109
Fresno, CA 93711

San Joaquin Power Employees Credit Union is headquartered in FRESNO and is the 137th largest credit union in the state of California. It is also the 1,465th largest credit union in the nation. It was established in 1934 and as of September of 2022, it had grown to 6 employees and 6,561 members at 1 location. San Joaquin Power Employees Credit Union's savings rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in San Joaquin Power Employees Credit Union is open to employees of Pacific Gas and Electric Company.
See current membership details

Reviews (2)

Great Interest Rate But With Limitations

Posted by: |

This is a very old-fashioned kind of credit union. Only Pacific Gas & Electric employees and retirees can belong, and there's only one location, in Fresno. But it's conservatively managed and offers way-above-average interest rates.

They're up-front about it: they're not interested in trying to be like a bank. They actually seem to be more oriented toward making loans to members. There's only one kind of savings (share) account. Interest is paid annually. In recent years, the rate has been 1.8-2%. It will be interesting to see what they do this December, when the next annual dividend is declared.

Deposits are limited to $500 a month, and if the annual interest is more than $500, they pay it on a check rather than adding it to the account. Support for electronic transfers is limited, though they do support regular contributions through PG&E payroll.

Minimal online services: you can get your account statement (posted twice a year) and that's it. Account withdrawals require a call - I've never done this, so I can't speak to that experience.

They won't title an account to a trust.

With all that, I'm with them for the interest payouts. I basically treat this account like a 12-month CD that rolls over at the start of the year, though without the withdrawal limitations of a CD. Probably the real interest-rate comparisons that should be made are to a 12-month CD rather than an online savings account. With the online banks starting to push 2.5% for 12 month CDs, it will be interesting to see what SJPECU does. But we won't find out until the end of December!

Awesome local credit union for PG&E workers in Central Valley

Posted by: |

We are members of the San Joaquin Power Employees Credit Union. We live in Clovis, CA and my husband works for Pacific Gas and Electric Company, a utilities company in California. Only the employees of this company are allowed to bank at this local institution. We have our savings accounts with them. My husband has one and I also have one myself. Their customer service has exceeded my expectations time and again. There have been several times where my husband has called needing to withdrawal a cashier's check from our savings there to transfer it to another one of our bank's savings accounts. Overtime he has called to request a cashier's check, it is always ready for pick up when asked. I am not listed on his savings account so there have been several times he has let them know my name and that I would be picking up the check. I have never received any hassle with them regarding this, always how up, produce my ID, and the check is ready for me. They offer competitive interest rates on their savings accounts and loans and I like that we can get discount tickets through them for various places.


Health Grade Components

NCUA #66788
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD-0.04%
Return on Equity - YTD-0.22%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$154.7MM$151.3MM
LoansQ3 2022vs Q3 2021$106.4MM$99.7MM
DepositsQ3 2022vs Q3 2021$127.2MM$124.4MM
Equity CapitalQ3 2022vs Q3 2021$25.4MM$25.3MM
Loan Loss AllowanceQ3 2022vs Q3 2021$1.1MM$997.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$777.00K$0
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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San Joaquin Power Employees Credit Union Savings Account Rates

2.50%$5-Regular share

San Joaquin Power Employees Credit Union Locations
Branch Office1080 W SHAW AVE STE 109FRESNO, CA 93711

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