Overview / Commentary
San Mateo Credit Union is headquartered in Redwood City and is the 40th largest credit union in the state of California. It is also the 274th largest credit union in the nation. It was established in 1952 and as of September of 2022, it had grown to 199 employees and 89,145 members at 10 locations. San Mateo Credit Union has an A health rating.
Field of Membership Restrictions
Membership in San Mateo Credit Union is open to those who live, work or attend school in San Mateo County, the City of Palo Alto or select areas of San Francisco. Membership is open to employees of companies that belongs to the Golden Gate Better Business Bureau or one of the 15 Chambers of Commerce within San Mateo County.
See current membership details
Health
A
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62736 |
| Year Chartered | 1952 |
| Employees | 199 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 8.91% |
| Annual Interest Income | $35.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $1.69B$1.61B |
| Loans | Q3 2022vs Q3 2021 | $1.24B$1.03B |
| Deposits | Q3 2022vs Q3 2021 | $1.49B$1.44B |
| Equity Capital | Q3 2022vs Q3 2021 | $172.2MM$160.3MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $4.2MM$5.1MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $5.5MM$12.8MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |