Corrections Federal Credit Union
Headquarters
Post Office Box 12
Soledad, CA 93960
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2025 Overview
General Credit Union Information
Corrections is an NCUA insured institution located in Soledad, CA. It was founded in 1959 and has approximately $24.88 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 13254 |
| Date Established | 1959 |
| Assets | $24.88 million |
| Loans | $21.47 million |
| Deposits | $21.85 million |
| Capital | $2.48 million |
Deposit Rates - April 19, 2025
Your Current Location: Michigan, MI 10007
We do not yet have rates for Corrections
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Loan Rates - April 19, 2025
Your Current Location: Michigan, MI 10007
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 - Michigan 30 Year Fixed Mortgage Rates 2025
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.368% | 6.250% | 0.75 | $4,000 | $1,971 | Learn More |
NMLS ID: 2059741 |
6.575% | 6.490% | 0.88 | $2,835 | $2,021 | Learn More |
NMLS ID: 757416 |
6.713% | 6.624% | 0.88 | $2,960 | $2,049 | Learn More |
NMLS ID: 1025894 |
6.728% | 6.625% | 0.88 | $3,398 | $2,049 | Learn More |
Note to Corrections
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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:
Ferndale,Michigan
Corrections Locations around zip code 10007
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 2068.66 | A | View Lobby Hours |
Climate Policy and Initiatives
CORRECTIONS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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 |
|---|---|
| 5.93% | 7.07 |
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, 2024, Corrections had $68,731 in non-current loans and $81,750 in owned assets. To cover these potential losses it had $2,477,725 in net worth and $60,309 in loans loss reserves. That gives it a Texas Ratio of 5.93%.
Net Worth
| Corrections | U.S. Average |
|---|---|
| 9.96% | 14.25% |
Corrections FCU has a net worth of 9.96% versus the BestCashCow average of 14.25. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Corrections
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