Strata Credit Union

Overview / Commentary
1717 Truxtun Ave
Bakersfield, CA 93301

Strata Credit Union is headquartered in Bakersfield and is the 104th largest credit union in the state of California. It is also the 918th largest credit union in the nation. It was established in 1949 and as of June of 2023, it had grown to 62 employees and 23,607 members at 3 locations. Strata Credit Union has a B+ health rating.

Field of Membership Restrictions

Strata Credit Union is open to anyone who lives, works, goes to school or worships in Kern County, California.
See current membership details

Reviews (2)

Overall, Pretty Good

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.

Kern Fcu, A Great Place To Start!

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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!


Health Grade Components

NCUA #6032
Year Chartered1949
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD6.88%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$348.2MM$331.1MM
LoansQ2 2023vs Q2 2022$258.8MM$220.3MM
DepositsQ2 2023vs Q2 2022$293.9MM$293.3MM
Equity CapitalQ2 2023vs Q2 2022$41.4MM$37.8MM
Loan Loss AllowanceQ2 2023vs Q2 2022$2.4MM$2.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.0MM$986.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Strata Credit Union; 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.

Strata Credit Union Savings Account Rates

0.01%--Savings Account

Strata Credit Union Money Market Rates

0.25%*$100k*-Money Market Account
OTHER TIERS: 0.05% $1 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k

Strata Credit Union Checking Account Rates

0.05%$1-Plus Checking

Strata Credit Union CD Rates

0.75%$100-60 Month CD
0.60%$100-48 Month CD
0.50%$100-36 Month CD
0.30%$100-24 Month CD
0.20%$100-12 Month CD
0.20%$100-1 Year Bump-Up CD
0.20%$100-1 Year Add-On CD
0.15%$100-6 Month CD
0.10%$100-3 Month CD

Strata Credit Union IRA Rates

0.75%$100-60 Month IRA Certificate
0.60%$100-48 Month IRA Certificate
0.50%$100-36 Month IRA Certificate
0.30%$100-24 Month IRA Certificate
0.20%$100-12 Month IRA Certificate
0.20%$100-1 Year Bump-Up IRA
0.20%$100-1 Year Add-On IRA
0.15%$100-6 Month IRA Certificate
0.10%$100-3 Month IRA Certificate

Strata Credit Union Locations
Branch Office4180 Coffee RdBakersfield, CA 93308
Branch Office1717 Truxtun AveBakersfield, CA 93301-5102
Branch Office1535 Panama LnBakersfield, CA 93307-5680

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