Credit union · NCUA insured
Corrections Federal Credit Union
Top CarrotA $36.4M credit union headquartered in Soledad, CA, with 3,620 members and 1 branch in California. Best rates: CDs 3.60% and savings 2.85% APY.
Corrections Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 96% of U.S. banks and credit unions
#1 of 13 in Salinas, CA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Corrections Federal Credit Union
Established in 1959, Corrections Federal Credit Union was created to cater to the financial needs of California Department of Corrections employees and their families.
The credit union is headquartered in Soledad, California.
- Headquarters
- 4 miles North of Soledad, Hwy 101, Soledad, CA 93960
- NCUA charter
- 13254
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Military, government and schools
- Employees of the California Department of Corrections and Rehabilitation (CDCR) are eligible for membership.
Branches
1 branch in California
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California
1 branch
- Main Correctional Facility BranchMain office4 miles North of Soledad, Hwy 101, Soledad, CA 93960Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 8.54% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.07% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -0.37% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $77 | $59 | — |
- CapitalNet worth ratio8.54%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.07%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-0.37%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$77Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Corrections Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.