Credit union · NCUA insured
Sheet Metal Workers Local 104 Federal Credit Union Carrot Score
A $116.8M credit union headquartered in Livermore, CA, with 10,986 members and 1 branch in California.
Sheet Metal Workers Local 104 Federal Credit Union Carrot Score
83
Carrot Score
Higher than 62% of U.S. banks and credit unions
- CDs70
- Savings69
- Auto loans66
- Credit cards93
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where Sheet Metal Workers Local 104 Federal Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
70beats 27% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 3.50% | 50% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 3.40% | 34% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 2.00% | 16% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.00% | 44% | 3.05% | 3.65% | 4.07% |
| Qualified | 3.50% | 26% | 3.85% | 4.15% | 4.35% |
Best rates 47.4 · all terms 32.7 → 41.5 → 70
Savings
69beats 25% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.01% | 2% | 0.20% | 0.50% | 1.51% |
| $10,000 | 0.19% | 25% | 0.50% | 1.15% | 2.20% |
| $100,000 | 3.25% | 94% | 1.00% | 2.01% | 2.93% |
| Qualified | 0.19% | 21% | 0.60% | 1.31% | 2.43% |
Best rates 22.7 · all balances 33.3 → 27.0 → 69
Auto loans
66beats 17% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 5.99% | 15% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 5.99% | 25% | 5.39% | 4.99% | 4.49% |
Best rates 24.6 · all vehicles 19.9 → 22.7 → 66
Credit cards
93top 5% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 7.90% | 96% | 10.90% | 9.90% | 8.90% |
Best rates 96.2 · all rates 96.2 → 96.2 → 93
Where the score could improve
- CDs, 16-30 months3.85%2.00% today, higher than 16% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
- CDs, 9-15 months4.00%3.40% today, higher than 34% of U.S. institutions. 4.00% would reach the top quarter; 4.25% the top 10%.
- CDs, Qualified4.15%3.50% today, higher than 26% of U.S. institutions. 4.15% would reach the top quarter; 4.35% the top 10%.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How Sheet Metal Workers Local 104 Federal Credit Union got its score
Its products stand at 96.2 for credit cards, 41.5 for CDs, 27.0 for savings and 22.7 for auto loans, out of 100. Its best two, credit cards and CDs, average 68.9. Publishing four products adds 3.0, for 71.9. That puts it in the top 38% nationally: a Carrot Score of 83.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.