Strata Credit Union is headquartered in Bakersfield and is the 103rd largest credit union in the state of California. It is also the 938th largest credit union in the nation. It was established in 1949 and as of September of 2022, it had grown to 60 employees and 22,798 members at 3 locations. Strata Credit Union has an A health rating.
Strata Credit Union is open to anyone who lives, works, goes to school or worships in Kern County, California.
See current membership details
Kern FCU is a pretty good credit union. Their rewards checking accounts are awesome but there are plenty of things that makes this small credit union really bad. For one thing, their financial services representatives will never answer in the afternoon. I tried calling them multiple times in the afternoon and never got an answer which sucks because I work in the morning and can't call them then. I requested a call back and what do you know , they called me back in the morning when I'm at work and when I called back in the afternoon they don't answer. Guaranteed to see a representative if you go down to the branch but otherwise good luck. Their savings, despite advertising as "high APY" is actually pretty low. As soon as I put my money in the savings, my APY went from 0.50% one month, to 0.27% the next month. When I was with Alliant my APY was always 1% which is why my savings grew so fast. Besides the terrible customer service and okay APY, the credit union is awesome with a great rewards checking. I recommend opening a checking and using a different account for savings like Synchrony or American Express savings account where they offer 1% or 0.90%. There's more out there that offer high savings.
I have been a member of this institution for about 12 years now. I opened my first checking and savings accounts and have not looked back since. The location is fantastic, I am always able to get in and out relatively fast. Even on Fridays, which is nearly impossible at most similar institutions. The service has always been fast and friendly. I have utilized mobile banking quite often with little to no issues. If there is anything I need assistance with, the representatives are always a quick call away and able to answer all my questions. I also feel really safe and secure when utilizing their website due to the security authentication processes. They are far more detailed than others I have experienced in the past and this allows me to accomplish a lot more online. The fees are minimal, and only takes $25 to open a checking account. Kern FCU is definitely a great institution, I highly recommend them!
|Return on Assets - YTD||0.25%|
|Return on Equity - YTD||2.08%|
|Annual Interest Income||$8.0MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$330.1MM$330.3MM|
|Loans||Q3 2022vs Q3 2021||$230.0MM$191.8MM|
|Deposits||Q3 2022vs Q3 2021||$289.1MM$287.6MM|
|Equity Capital||Q3 2022vs Q3 2021||$39.5MM$38.6MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$2.5MM$2.0MM|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$815.00K$450.00K|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$128.00K|
Rates for Strata Credit Union are currently being reviewed.
|Strata Credit Union Locations|
|Branch Office||4180 Coffee Rd||Bakersfield, CA 93308|
|Branch Office||1717 Truxtun Ave||Bakersfield, CA 93301-5102|
|Branch Office||1535 Panama Ln||Bakersfield, CA 93307-5680|