Corrections

Headquarters

Post Office Box 12
Soledad, CA 93960
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Corrections is an NCUA insured institution located in Soledad, CA. It was founded in 1959 and has approximately $19.04 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 13254
Date Established 1959
Assets $19.04 million
Loans $16.45 million
Deposits $16.99 million
Capital $1.86 million
 

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Corrections

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Note to Corrections
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Advertiser Disclosure

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for CORRECTIONS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.775% 2.750% 0.38 $808 $1,021 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.790% 2.750% 0.50 $1,290 $1,021 Learn More
Morty, Inc.
NMLS ID: 1429243
2.706% 2.625% 0.63 $2,668 $1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to CORRECTIONS
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Corrections branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Corrections Locations


Financial Details

Corrections Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Corrections. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Corrections U.S. Average
1.81% 5.40

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2020, Corrections had $23,341 in non-current loans and $11,060 in owned assets. To cover these potential losses it had $1,859,380 in net worth and $39,224 in loans loss reserves. That gives it a Texas Ratio of 1.81%.

Net Worth
Corrections U.S. Average
9.76% 12.67%

Corrections FCU has a net worth of 9.76% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Corrections

Branches and Savings

What is Corrections?

A federal credit union, registered with the NCUA under certificate #13254.
Learn more about credit unions here.

Is Corrections FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Corrections is insured by the NCUA.

Who can join Corrections?

Please see Field of Membership information above for information on who is eligible to join.

What are Corrections's share account and share certificate rates?

Corrections's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Corrections?

Corrections has total capital of $1.86 million. Full information on Corrections's financial position is located above.

Who owns Corrections?

Credit Unions are owned by their members.

Where are Corrections branches located?

See branch locations nearby.

Are Corrections ATMs Open 24/7?

Do Corrections ATMs accept cash deposits?

Can Corrections customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Corrections have a mobile app?

Does Corrections have mobile deposit?

Does Corrections have quick pay?

How can Corrections transfer money to other banks or credit unions?

Does Corrections report to credit bureaus?

Does Corrections use Chexsystems?

Does Corrections use Equifax?

What is Corrections's toll free phone number?

What is Corrections's ACH Routing Number?

What is Corrections's SWIFT code?

Where can I find Corrections's wire transfer form?

What is the Corrections address for deposits?

What Products Does Corrections Offer

Does Corrections offer mortgages?

Compare mortgage rates here.

Does Corrections offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Corrections offer auto and RV loans?

Compare auto loan rates here.

Does Corrections offer student loans or personal loans?

Compare personal loan rates here.

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