Credit unions differ from commercial banking institutions because access to financial products is limited to selected membership. Credit unions are set up as non-profit organizations to benefit its member customers who typically belong to a shared group such as federal employees or, perhaps, a teachers’ union. In essence, members are not actually customers since a credit union works to benefit membership with earned dividends as well as the best possible loan rates available. Additionally, credit unions take great pride investing in the communities where employees and members work and live. We surveyed the highest yielding CD Rates available today.

Three Selections for Qualifying Members in Glendale, California

Qualifying residents and area businesses employees in Glendale, Ca. can select from various credit unions including these three:

Desert Schools Credit Union, 13806 North 51st Avenue, Glendale
This is a full-service financial institution offering several products from savings and loans to investments and online banking. A Desert Schools Savings Certificate lets members decide how much and how long to invest. This starts with a minimum investment at just $1,000 for a short six-month term certificate. Simply taking no action at maturity, certificates automatically renew for the existing term at the current rate.

Rates as of March 31, 2011:*

Term APY Rate

  • 6 Month 0.25% 0.25%
  • 1 Year 0.35% 0.35%
  • 18 Month 0.45% 0.45%
  • 2 Year 0.60% 0.60%
  • 30 Month 0.65% 0.65%
  • 3 Year 0.95% 0.95%
  • 4 Year 1.26% 1.25%
  • 5 Year 1.61% 1.60%

*Rates based on a minimum deposit of $1,000

First Credit Union, 5770 West Thunderbird Road, Glendale
First Credit Union was formed in 1929. First Credit Union certificates earn fixed rate high dividends. Members enjoy the security of National Credit Unions of America (NCUA) insurance. Minimum $500 deposit allows a choice from 3-month to 5-year certificates. First Credit Union certificate features include no service fees, monthly dividend payments that can be withdrawn or reinvested, joint ownership and beneficiaries as well as low minimum deposits.

Rates as of March 25, 2011:

Term APY Rate

  • 3 Month 0.10% 0.10%
  • 6 Month 0.15 0.15
  • 1 Year 0.15 – 0.25%* 0.15 – 0.25%
  • 2 Year 0.60 – 0.70%* 0.60 – 0.70%
  • 3 Year 0.95 – 1.05%* 0.95 – 1.05%
  • 5 Year 1.55 – 1.70%* 1.55 – 1.70%

*Based on deposit amount.

Los Angeles Credit Union, 300 South Glendale Avenue, Glendale
A minimum deposit of $1,000 leads to high yields from a variety of selection terms. Choices are available from flexible terms of three to 60 months. Also offered are Jumbo Share Certificates that produce higher yields and the same term options for investments of $100,000 or more.

Rates as of March 25, 2011:*

Term APY Rate

  • 3 Month 0.40% 0.40%
  • 6 Month 0.60% 0.60%
  • 1 Year 0.80% 0.80%
  • 2 Year 1.51% 0.60%
  • 3 Year 0.95% 0.95%
  • 4 Year 1.26% 1.25%
  • 5 Year 1.61% 1.60%

*Based on a minimum deposit of $1,000.

Each institution offers online tracking for membership accounts including term certificates. Each suggests that certificates of deposit, when reaching maturity, will continue to be effective savings tools with owners needing to take no action. Unless individual members seek to “cash-in” CDs, matured certificates will continue to accrue interest at the going rate.

Banks Location in Glendale, CA – Phone Numbers, Locations, Branches

  • U.S. Bank – 561 North Glendale Avenue, Glendale, CA, (818) 500-5365 ‎
  • Union Bank – 330 N Brand Boulevard Suite 160, Glendale, CA, (818) 502-2460 ‎
  • Wells Fargo Bank – 535 North Brand Boulevard, Glendale, CA (818) 550-5021 ‎
  • Bank of America Mortgage – 345 North Brand Boulevard, Glendale, CA (818) 254-0621 ‎
  • Bank of the West – 400 North Glendale Avenue, Glendale, CA (818) 550-1380 ‎
  • East West Bank – 520 N Central Ave # 110, Glendale, CA (818) 545-8800 ‎
  • City National Bank – 550 North Brand Boulevard, Glendale, CA (818) 265-5620 ‎
  • Community Bank – 100 N Brand Blvd # 100, Glendale, CA (818) 549-7200 ‎
  • Bank of America – 6400 San Fernando Road, Glendale, CA (818) 500-5172 ‎
  • Fiscal Credit Union – 310 E Colorado St # 200, Glendale, CA (818) 553-8200 ‎
  • Chase Bank and ATM – 500 North Glendale Avenue, Glendale, CA (818) 246-7122 ‎
  • California Credit Union – 701 N Brand Blvd # 7, Glendale, CA (818) 291-6700 ‎
  • Citizens Business Bank – 1000 North Brand Boulevard, Glendale, CA (818) 550-0400 ‎
  • Los Angeles Federal CU – 300 South Glendale Avenue, Glendale, California (818) 242-8640 ‎
  • Wells Fargo Bank – 1416 E Colorado St, Glendale, CA (818) 265-1372 ‎
  • Comerica Bank – 525 N Brand Ave, Suite 101, Glendale, CA (818) 507-6402 ‎
  • Pacific Western Bank – 400 N Brand Blvd # 100, Glendale, CA (818) 549-1000 ‎
  • Citibank – 700 North Brand Boulevard, Glendale, CA (800) 627-3999 ‎
  • OneWest Bank – 1111 North Brand Blvd, Suite A, Glendale, CA (818) 502-8400 ‎
  • Nara Bank – 831 N Pacific Ave # B, Glendale, CA (818) 551-0700 ‎
  • Glendale Area Schools FCU – 1800 Broadview Drive, Glendale, CA (818) 248-7425 ‎
  • Professional Business Bank – 250 North Orange Street, Glendale, CA (818) 550-9555 ‎
  • Clearpath Federal Credit Union – 340 Arden Avenue, Glendale, CA (818) 937-5300 ‎
  • National Bank of California – 520 N Brand Blvd # 175, Glendale, CA (818) 240-4550 ‎
  • First California Bank – 505 N Brand Blvd # 110, Glendale, CA (818) 244-2504 ‎
  • Saehan Bank – 2750 Foothill Boulevard, La Crescenta-Montrose, CA (818) 542-3700 ‎
  • First Citizens Bank – 655 N Central Ave # 1500, Glendale, CA (818) 841-1776 ‎
  • California Adventist Federal Credit Union – 1441 East Chevy Chase Drive, Glendale, CA (818) 246-7241 ‎
  • Americas United Bank – 801 N Brand Blvd # 1150, Glendale, CA (818) 637-7000 ‎
  • Glendale City Employee FCU – 517 E Wilson Ave # 102, Glendale, CA (818) 548-3976 ‎

Credit Unions in Glendale, CA

  • Clearpath Federal Credit Union – 340 Arden Avenue, Glendale, CA (818) 937-5300 ‎
  • California Adventist Federal Credit Union – 1441 East Chevy Chase Drive, Glendale, CA (818) 246-7241 ‎
  • California Credit Union – 701 N Brand Blvd # 7, Glendale, CA (818) 291-6700 ‎
  • Los Angeles Federal Credit Union – 300 South Glendale Avenue, Glendale, California (818) 242-8640 ‎