CSFECU vaults up rankings!

CSFECU vaults up rankings!

Another year of strong results has vaulted California State & Federal Employees Credit Union 42 spots higher to 75th place—moving us into the top 1.3% among credit unions nationwide in rankings compiled by DepositAccounts.com, an unbiased, comprehensive financial institution ranking website. Building on an impressive showing last year, CSFECU’s performance puts us among the most elite of the 5,906 credit unions ranked this year, using criteria that takes into account financial stability, financial and membership growth and capitalization.

“This is amazing and gratifying, to improve so much by serving our members,” said CSFECU CEO Ray Litchfield. “We knew with last year’s ranking we were on the right track, and with the improvement this year it proves that our approach is working for our members. It’s a daily process of evaluating what we can do better, whether through innovative electronic services, improving our rates for savers and borrowers…or making sure we know the name of every member who walks through the door. We’re all about meeting the needs of our members, and these rock-solid results show that it’s resonating with our community.”

Each year DepositAccounts.com, the largest online publication in the U.S. dedicated to banking information for consumers, evaluates the financial health of every federally insured credit union in the U.S. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score.

From the list of 5,906 credit unions, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its 2016 edition of the Top 200 Healthiest Credit Unions in America. Especially highly rated were the credit union’s Texas Ratio and Capitalization.

The Texas Ratio is an indicator of how much capital a credit union or bank has available compared to the total value of loans considered at risk. CSFECU’s Texas Ratio was calculated at 0.18%, rated as A+ and a significant improvement from last year’s then-excellent ratio.

The credit union’s Capitalization level of 13.95% also netted them an A+ score. Both FDIC and NCUA consider capitalization levels of credit unions and banks to be of high importance.  Higher capitalization allows for a greater buffer to cover loans that may fail in the future.

Also of note was the credit union’s deposit growth, which showed a 3.75% increase for the year, similar growth to last year.

California State and Federal Employees Credit Union serves more than 5,300 members in Humboldt, Del Norte or Trinity counties. Membership is open to a wide range of groups, including current or retired federal or state employees, Humboldt University students, staff and alumni, current or retired members of the US Armed Forces and more. For more information, visit www.csfecu20.com.

Don’t move—improve!

Don’t move—improve!

With the cost of real estate these days, moving can be prohibitively expensive. But does that mean you need to settle for an old kitchen, dated bathroom or too-few bedrooms? Not at all! Rather than moving, more and more people are choosing to improve the home they currently own. And a CSFECU Home Equity Loan… Continue Reading

Maximize your tax refund

Maximize your tax refund

April is the month when Americans get one of two bits of news. We write a check to pay our taxes, or we get a check written to us in the form of a tax refund. If you’re one of the nearly 80% of Americans who receive a refund on your federal income taxes, congratulations!… Continue Reading

Online Banking look to be updated!

Online Banking look to be updated!

On February 8, the user experience of our Online Banking will be updated. Below highlights some of the changes you can expect to see. If you have any questions or need help, by all means give us a call! New Header Graphics New graphics will appear in the upper right corner on every page:  Use… Continue Reading

27 Straight 5-Star Ratings for CSFECU

27 Straight 5-Star Ratings for CSFECU

Recognized as One of the Strongest CUs in the Nation January 2017: BauerFinancial, the Nation’s Premier Bank and Credit Union Rating Firm congratulates California State & Fed Emp #20 Credit Union, Eureka, California for ringing-in 2017 with its highest 5-Star Superior rating. California State & Federal Employees #20 Credit Union (CSFECU) is no newcomer to… Continue Reading

Special Bonus Dividend: Paying back our members to thank our members!

Special Bonus Dividend: Paying back our members to thank our members!

As a great-big THANK YOU for an amazing 2016—and in recognition of our excellent financial performance in 2016 and the amazing loyalty of our members—we are pleased to announce that every member received a special bonus for the last quarter of 2016. All regular shares (savings accounts) received a special 0.25% bonus for the calendar quarter… Continue Reading

Electronic services pave the way in 2017

Electronic services pave the way in 2017

Throughout 2016 we worked to build our electronic services to make CSFECU the most convenient banking solution around. In case you’re not yet fully digitally immersed, here’s a quick recap. Online Banking Manage your accounts from anywhere in the world via the internet. You can check balances, transfer funds within your own accounts or to… Continue Reading

California State & Federal Employees Credit Union

321 Wabash Ave
Eureka, CA 95501

707-443-8662
800-440-8662

NMLS #423538

CSFECU Top 200

Federally Insured by NCUA

California State & Federal Employees Credit Union

321 Wabash Ave
Eureka, CA 95501

707-443-8662
800-440-8662

NMLS #423538

CSFECU Top 200

Federally Insured by NCUA