California Credit Union:

California Credit Union was chartered in 1933 and its charter number is 60784. California Credit Union's address registered with the NCUA is P.O. BOX 29100 GLENDALE, CA 91209-9100. As of 07/24/06, California CU reported $1,131,507,958 in assets. The credit union currently has 77,117 members. It's Manager/CEO is Ronald L. McDaniel. The credit unions website is www.californiacu.org

California Credit Union is a member of the California Credit Union League.


Mortgage Options

California Credit Union offers Fixed Rate home loans, Adjustable Rate home loans, Home Equity, Lines of Credit, and Jumbo Loans. Fixed Rate home loans provide guaranteed monthly payments for a pre-determined period of time. Monthly budgeting is easy, since you will always pay the same amount even if interest rates increase. California CU's Adjustable Rate home loans have a fixed rate for a set number of years. After that, the interest rate becomes adjustable and can fluctuate. A CCU Home Equity Loan or Home Equity Line of Credit allows you to borrow against your home's equity and take advantage of tax deductions. Jumbo Loans are set up for loans over $729,750. California Credit Union has home loans up to $3,000,000.00 and up to 100% financing.


California Credit Union Financial Evaluation

As of December 31, 2006
Total Assets: $1,197,195,842
Total Loans: $921,680,019
Net Worth Ratio: 12.13
% Share Growth: 14
% Loan Growth: 14.04
Loans/Assets Ratio: 76.98
Investment/Assets Ratio: 15.76
Number of Members: 77,587
Number of Full-time Employees: 259

In the year of 2006, California Credit Union assets increased by 0.08% and its membership decreased by 0.01%. California CU's membership decreased by a total of 315 members. Assets increased by the amount of $96,733,188. The total loan amounts went from $808,142,412 in 2005 to $921,680,019 in 2006. Their net worth ratio increased to 12.13. California CU increased their job opportunities to 259 by adding 13 employees.

As of December 31, 2005
Total Assets: $1,100,462,654
Total Loans: $808,142,412
Net Worth Ratio: 11.48
% Share Growth: -0.29
% Loan Growth: 28.94
Loans/Assets Ratio: 73.43
Investment/Assets Ratio: 21.04
Number of Members: 77,902
Number of Full-time Employees: 246

In the year of 2005, California Credit Union assets increased by 0.08% and its membership decreased by 0.03%. California CU's membership decreased by a total of 2,145 members. Assets increased by the amount of $87,942,320. The total loan amounts went from $626,724,531 in 2004 to $808,142,412 in 2005. Their net worth ratio increased slightly to 11.48. California CU maintained their job opportunities at 246.

As of December 31, 2004
Total Assets: $1,012,520,334
Total Loans: $626,724,531
Net Worth Ratio: 11.25
% Share Growth: -4.34
% Loan Growth: 21.69
Loans/Assets Ratio: 61.89
Investment/Assets Ratio: 32.43
Number of Members: 80,047
Number of Full-time Employees: 246

 
Recent Credit Union News Headlines:

  • Coastal Federal Credit Union has selected SAS Money Laundering Detection to help fortify its anti-money laundering (AML) program and adhere to the regulations of the USA PATRIOT Act.

  • Oswego County Federal Credit Union (OCFCU), has converted its "Scotty Savers" club to the "Scholar Dollars" children's' savings program, it was announced by William Carhart, CEO.

  • To join Christian Community Credit Union, you must affirm a personal statement of faith. The statement is clearly laid out on Christian Community's Web site.
 
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Other Credit Unions:
  • New Haven Police FCU is headquarted in New Haven, Connecticut.
  • Standard Knapp Employees FCU provides voice and internet based solutions that connect people and information.
  • Winslow Santa Fe CU meets the financial needs of employees of the City of Winslow, BNSF Railroad, ADOC, Walmart, Denny's, Winslow Memorial Hospital, BPO Elks #586, and Winslow Convalescent Center.
  • Capitol Region FCU serves over 100 companies and their emplyees and families in Central Connecticut.
  • Warnaco Employees FCU is headquarted in Milford, Connecticut.

Credit Union News:

Santa Fe Springs Credit Union Robbed At Gunpoint, Police Say
NBC 4 Los Angeles - Feb 6, 2008
One of four men who held up the Vons Federal Credit Union in Santa Fe Springs Wednesday is quickly taken into custody, but the others get away after firing shots at a security guard who tries to prevent their escape, police say.

Full Story: http://www.knbc.com/news/15236540/detail.html?rss=la&psp=news

PSCU adds local to board
The Fort Collins Coloradoan - Feb 6, 2008
Bob Hoel of Windsor, former chairman of Norlarco Credit Union in the late 1980s, has been named to Public Service Credit Union's board of directors as the transition to PSCU continues.

Full Story: http://www.coloradoan.com/apps/pbcs.dll/article?AID=/20080206/BUSINESS/802060329

U.S. Central Federal Credit Union of Lenexa takes $760 million markdown
The Kansas City Star - Feb 5, 2008
The subprime mortgage meltdown has seeped into yet another corner of the financial world. U.S. Central Federal Credit Union of Lenexa, which invests funds on behalf of the nation's regional credit unions, said it took a $760 million markdown on the $40 billion in investment securities it holds for sale.

Full Story: http://www.kansascity.com/business/companies/story/477132.html


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