Question 1

What is Kaiperm Credit Union (Kaiperm CU)?

Accepted Answer

Kaiperm Credit Union (Kaiperm CU) is a not-for-profit federal credit union that exclusively serves employees of Kaiser Permanente, their family members, as well as Kaiser retirees and volunteers. Headquartered in Walnut Creek, California, the credit union operates with approximately $107 million in total assets and serves over 7,600 members as of 2025.

Originally established to serve Kaiser employees in the Walnut Creek area, Kaiperm CU has expanded its reach and now provides financial services to Kaiser Permanente employees and their families nationwide following a charter expansion in 2022.

Question 2

When was Kaiperm Credit Union (Kaiperm CU) founded?

Accepted Answer

Kaiperm Credit Union was founded in August 1957 under the name Kaiperm Walnut Creek Federal Credit Union. The credit union was established by seven employees of Kaiser Foundation Medical Care Program in the Walnut Creek area, including physicians, administrators, and other Kaiser employees.

The charter was approved later that same month in August 1957, and the first board meeting with elections was held in September 1957. The credit union was created with the founding principle of "people helping people," aimed at serving Kaiser employees, their immediate family members, and volunteers through the organization.

Question 3

Where is Kaiperm Credit Union (Kaiperm CU) headquartered?

Accepted Answer

Kaiperm Credit Union is headquartered at 325 N Wiget Lane, Suite 130, in Walnut Creek, California. Walnut Creek is located in the East Bay region of the San Francisco Bay Area, within Contra Costa County.

Question 4

Where does Kaiperm Credit Union (Kaiperm CU) operate?

Accepted Answer

Kaiperm Credit Union initially served Kaiser Permanente employees in the Walnut Creek area of California. In 2022, the credit union expanded its charter to serve Kaiser Permanente employees and their families nationwide across the United States.

Membership is restricted to a specific field: Kaiser Permanente employees, their immediate family members, Kaiser retirees, and volunteers who work with the Kaiser Foundation Medical Care Program. This healthcare-focused membership requirement means the credit union operates wherever Kaiser Permanente has a presence.

Question 5

What services does Kaiperm Credit Union (Kaiperm CU) offer?

Accepted Answer

Kaiperm Credit Union offers a comprehensive range of financial services tailored to Kaiser Permanente employees and their families:

Deposit Accounts: Share (savings) accounts, money market accounts, certificates of deposit (CDs), IRA certificates, youth savings accounts, student savings and checking accounts, and fee-free checking accounts.

Loan Products: Auto loans (including electric and hybrid vehicle loans), motorcycle loans, boat and RV loans, personal loans, share-secured loans, student loans, mortgage loans, home equity lines of credit (HELOC), home equity loans (second mortgages), and TPMG share loans for physicians.

Credit Cards: Visa credit cards with competitive rates and Visa debit cards for everyday transactions.

Digital Banking: Online banking platform, mobile banking app available for iOS and Android devices, mobile payments, and mobile money services for account access via text messaging. The mobile app includes features such as bill payment, balance checking, fund transfers, transaction review, and security alerts.

Additional Services: AUTOLAND auto buying service, SecurLOCK for card security, financial education seminars and events, Financial Fitness by Balance program, and access to professional services including financial advisors, will and trust services, and insurance products (auto, home, and life insurance).

Question 6

What makes Kaiperm Credit Union (Kaiperm CU) unique?

Accepted Answer

Kaiperm Credit Union's most distinctive feature is its exclusive focus on the Kaiser Permanente community. As a single-sponsor credit union serving only Kaiser employees, retirees, and their families, Kaiperm CU tailors all its services and benefits specifically to the healthcare workforce.

The credit union has maintained its founding principle of "people helping people" since 1957, creating a strong sense of community among members who share the common bond of Kaiser Permanente employment. This focused membership allows the credit union to understand the unique financial needs of healthcare professionals and administrative staff.

Kaiperm CU emphasizes competitive rates with better-than-market loan rates and higher deposit rates compared to traditional banks. The credit union's commitment to member service is demonstrated through personalized financial guidance, educational programs like "lunch and learn" seminars, and support for the Kaiser Permanente community through various initiatives.

With relatively modest assets of approximately $107 million and over 7,600 members, Kaiperm CU maintains an intimate, member-focused approach to banking while offering modern digital services and comprehensive financial products.

Question 7

What type of financial institution is Kaiperm Credit Union (Kaiperm CU)?

Accepted Answer

Kaiperm Credit Union is a federal credit union, operating under charter number 11944 and regulated by the National Credit Union Administration (NCUA). As a federal credit union, it is subject to federal oversight and member deposits are insured by the NCUA up to $250,000 per account (with additional coverage available through ASI for amounts up to $1,000,000).

The credit union operates as a not-for-profit financial cooperative, meaning it is owned by its members rather than external shareholders. Each member has equal voting rights in the democratic governance of the institution, regardless of the size of their deposits or accounts.

Membership is restricted to a specific select employee group (SEG) with a common bond: employees of Kaiser Permanente and Kaiser Foundation Health Plans, their immediate family members (including spouses, children, siblings, parents, and grandparents), retirees receiving pensions from Kaiser Permanente, and volunteers working under Kaiser hospital supervision. This occupational-based membership structure focuses the credit union's services and benefits specifically on the healthcare sector workforce.

Kaiperm Credit Union (Kaiperm CU)

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About Kaiperm Credit Union (Kaiperm CU) in the United States