California Credit Union (CCU), previously known as the Los Angeles Teachers Credit Union, is a state-chartered

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provisi ...

Southern California Southern California (commonly shortened to SoCal) is a geographic and cultural region that generally comprises the southern portion of the U.S. state of California. It includes the Los Angeles metropolitan area, the second most populous urban a ...

that focuses on providing financial services to residents of three Southern California counties as well as teachers and others in the education community. it was the 14th largest credit union by asset size in California with $3 billion in assets and 24

branches A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually r ...

History

Los Angeles Teachers Credit Union was founded in 1933 to provide financial services to teachers and others in the education community. In 1995 the credit union changed its name to California Credit Union. A branch of the credit union was held up by three armed robbers in 1996. In 2011, the credit union reacquired the building at 701 N. Brand in Los Angeles as its headquarters from ''MPG Office Trust''. The credit union had originally sold the building in 2006. Effective March 1, 2017, it merged with

North Island Credit Union California Credit Union (CCU), previously known as the Los Angeles Teachers Credit Union, is a state-chartered credit union in Southern California that focuses on providing financial services to residents of three Southern California counties as w ...

of San Diego.

Membership

CCU has more than 165,000 members. Membership is available to individuals and businesses in

Orange Orange most often refers to: *Orange (fruit), the fruit of the tree species '' Citrus'' × ''sinensis'' ** Orange blossom, its fragrant flower *Orange (colour), from the color of an orange, occurs between red and yellow in the visible spectrum * ...

, Riverside and

San Diego San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United State ...

counties as well as to residents of California who meet one of the following requirements: * Los Angeles Unified School District employee * Los Angeles County Office of Education employee * Retired educator *

Charter school A charter school is a school that receives government funding but operates independently of the established state school system in which it is located. It is independent in the sense that it operates according to the basic principle of autono ...

employee * College / university employee * Private school employee * Alumni association member *

Parent Teacher Association A parent is a caregiver of the offspring in their own species. In humans, a parent is the caretaker of a child (where "child" refers to offspring, not necessarily age). A ''biological parent'' is a person whose gamete resulted in a child, a male t ...

member

Regulation

California Credit Union is regulated under the authority of both the

California Department of Financial Institutions The California Department of Financial Institutions (DFI) was a government department of the California Business, Transportation and Housing Agency responsible for financial regulation of California's banking system. Pursuant to the Governor's Reo ...

and the

National Credit Union Administration The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federa ...

(NCUA), an agency of the U.S. federal government. Deposits are federally insured by the NCUA.

References

Credit unions based in California 1933 establishments in California Banks established in 1933 Companies based in Glendale, California {{California-stub