Valley First Credit Union

Overview / Commentary
1005 W Orangeburg Ave
Modesto, CA 95376

Valley First Credit Union is headquartered in Modesto and is the 62nd largest credit union in the state of California. It is also the 439th largest credit union in the nation. It was established in 1956 and as of December of 2022, it had grown to 153 employees and 80,228 members at 9 locations. Valley First Credit Union's CD rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Valley First Credit Union is open to those who live, work, worship, or attend school in the California counties of Calaveras, Fresno, Kern, Kings, Madera, Mariposa, Merced, Sacramento, San Joaquin, Stanislaus, Tulare, or Tuolumne. Employees of more than 160 Select Employer Groups also qualify for membership.
See current membership details

Reviews (6)

Valley First Credit Union

I have both personal and business accounts with Valley First. They have wonderful customer service and are prompt to help you when you go into the branch. It's a little impersonal because even though you're taking to an actual person, it's through a phone and they are on a screen in front of you. I understand they do it for safety reasons, so I don't let that bother me too much.

The checking and savings accounts are easy to manage. Their bill pay services make it easy to use as a business owner and for a personal account.

Even though it's not a big bank, you really can't go wrong with them because they can manage just about any type of account that meets your needs.

Great Credit Union

Posted by: |

Moved all my accounts from BofA to Valley First, BofA wasn't happy, but hey...I am very happy with this credit union. Fast service, decent CD rates and local.

Love The Service!

Posted by: |

The people at Valley First CU make this a great place to bank. The rates on their products are lower than most others in my area. I do most of my banking online, and I like that there isn't a lot of advertising cluttering it up. I can get in and get my business done without navigating around ads.

Worst Customer Relations Ever!

Posted by: |

Recently placed a large deposit in the Stockton branch in hopes of starting a new banking relationship with a smaller more people oriented bank. Big mistake. I applied for a Home a Equity Line of Credit using a clear title worth 130% of the requested line. Apparently an excellent credit rating and a respectable income mean nothing in the process and I was rejected for the line ( certainly their right). The really frustrating part is the banks refusal to explain or put anything in writing as to how they came to their conclusion. You're left without any recourse or remedy to make things work. After multiple requests for details in writing, including a letter to their President which went unanswered , (sent registered and it took them a week to pick up and sign for the letter!) I finally wrote them off, closed my account and moved on.
They might be ok if you're happy with a .0005 return on your money (example: $10,000 = $5.00 annual return paid in monthly installments of 42 cents! ).
In 40 years of working with banks, they were the worst!
My advice is to keep looking, you can do better!

Bad Service

Valley First has a terrible record of keeping their ATM operating in good service. Their ATM is breaking down at least once a week where the machine malfunctions as to not allow deposits, withdraws, or even inquiries. Sometimes the ATM is down for a whole week.

To make things even more difficult and matters worse the tellers at the branch DO NOT take cash deposits. Yes, you read that right. The tellers inside the credit union branch DO NOT take cash or coins even if or when the ATM is down for a week. It is against policy for the tellers to take cash.

Has anyone ever heard of a credit union refusing to take cash or coins inside the branch? What on Earth are the tellers there for if they do not take cash?

Auto Loan From Valley First Credit Union

Posted by: |

Valley First has not released our bank records in relation to our auto loan. They have referred us to the lawyer to get these records as well a copy of the contract but have not received either after several requests. During the length of the loan we had some lapses in insurance, for which VFCU charged us an additional charge. They still charged us that same additional charge even on the months when we did show them proof of insurance. Several VFCU employees at those time assured that all those additional charges would come off the back end of the loan. After 7 years on a 5-year loan they said that we still owed them over $4000. We pulled whatever money we had left in our account and they charged us again for money they said we still owed them, our account became overdrawn and we were reported to chexsystems and cannot open any accounts anywhere at this time (even at our current bank).

No matter who we have spoken to we cannot get anyone to give us copies of our account information or the contract. If there was a way to rate them zero stars we would.


Health Grade Components

NCUA #68402
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD12.35%
Annual Interest Income$28.2MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$964.2MM$895.2MM
LoansQ4 2022vs Q4 2021$733.1MM$531.3MM
DepositsQ4 2022vs Q4 2021$794.9MM$807.6MM
Equity CapitalQ4 2022vs Q4 2021$76.0MM$78.1MM
Loan Loss AllowanceQ4 2022vs Q4 2021$3.7MM$3.1MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$4.3MM$2.1MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Valley First 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.

Valley First Credit Union Savings Account Rates

3.00%*$2.5k*$10kPurple Savings - New Money
OTHER TIERS: 0.10% $10k+
0.15%--Regular IRA Account
0.15%*$125k*-Primary Share
OTHER TIERS: 0.03% $1k - $30k | 0.07% $30k - $75k | 0.10% $75k - $100k | 0.12% $100k - $125k
0.05%$1-Starter Savings
0.05%$1-Adventure Savers
0.05%--Club Account
0.05%$10-Frequency Savings

Valley First Credit Union Money Market Rates

0.20%*$50k*$250kMoney Market Account
OTHER TIERS: 0.07% Up to $10k | 0.10% $10k - $25k | 0.12% $25k - $50k

Valley First Credit Union Checking Account Rates

0.15%$250k-Impact Business Checking

Valley First Credit Union CD Rates

4.25%$10k-9 Month Premium CD
3.25%$10k-24 Month Premium CD
3.00%$10k-12 Month Premium CD
3.00%$10k-18 Month Premium CD
0.85%$10k-60 Month Premium CD
0.80%$10k-48 Month Premium CD
0.75%$10k-36 Month Premium CD
0.70%$1k-36 Month CD
0.60%$1k-24 Month CD
0.43%$1k-18 Month CD
0.33%$1k-12 Month CD
0.18%$10k-6 Month Premium CD
0.10%$500-3 Month Frequency Certificate
0.08%$1k-6 Month CD
0.08%$1k-9 Month CD
0.05%$250-3 Month Adventure Savers Certificate

Valley First Credit Union IRA Rates

3.05%$10k-24 Month Premium IRA
3.00%$10k-18 Month Premium IRA
2.50%$10k-12 Month Premium IRA
0.85%$10k-60 Month Premium IRA
0.80%$10k-48 Month Premium IRA
0.75%$10k-36 Month Premium IRA
0.70%$1k-36 Month IRA
0.60%$1k-24 Month IRA
0.43%$1k-18 Month IRA
0.33%$1k-12 Month IRA
0.18%$10k-6 Month Premium IRA
0.18%$10k-9 Month Premium IRA
0.08%$1k-6 Month IRA
0.08%$1k-9 Month IRA

Valley First Credit Union Locations
Branch Office3001 Countryside DrTurlock, CA 95380
Branch Office1005 W Orangeburg AveModesto, CA 95350
Branch Office1419 J StModesto, CA 95354
Branch Office1501 Mitchell RdCeres, CA 95307
Branch Office3900 Sisk Rd Ste E2Modesto, CA 95356-3226
Branch Office618 E Shaw AveFresno, CA 93710-7704
Branch Office126 W F StOakdale, CA 95361-3842
Branch Office1003 n Central AveTracy, CA 95376-3914
Branch Office645 W Herndon Ave Suite 100Clovis, CA 93612

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