Star One Credit Union is headquartered in Sunnyvale and is the 4th largest credit union in the state of California. It is also the 14th largest credit union in the nation. It was established in 1956 and as of December of 2020, it had grown to 216 employees and 113,393 members at 7 locations. Star One Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Star One Credit Union is open to anyone who lives, works, or goes to school in Alameda, Merced, Monterey, San Benito, San Joaquin, San Mateo, Santa Cruz, Santa Clara or Stanislaus Counties in California. Membership also extends to immediate family of current credit union members, and employees/retirees of Lockheed Martin or any one of the 95 corporate partners.
See current membership details
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Favorite Credit Union
I have been a customer for over 20 years. I have never had any complain about this credit union.
Best Credit Union In The Southbay
They offer the 2nd best interest rates for their money market savings accounts among the San Francisco Bay area credit unions, and far better than any of the big 4 banks. They offer free checking that pays you interest on your accounts (0.25%), and no cash advance fees for their low interest credit cards (between 7.75% and 14%). Only negatives are their website and credit card approval process. The website is not user friendly and the credit card approval process is too reserved even with solid information provided.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68465 |
| Year Chartered | 1956 |
| Employees | 216 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 5.39% |
| Annual Interest Income | $221.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $10.23B$9.07B |
| Loans | Q4 2020vs Q4 2019 | $4.63B$4.36B |
| Deposits | Q4 2020vs Q4 2019 | $8.63B$7.47B |
| Equity Capital | Q4 2020vs Q4 2019 | $1.28B$1.12B |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $8.7MM$5.3MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $2.8MM$3.0MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |