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

credit union A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...

Southern California Southern California (commonly shortened to SoCal) is a geographic and Cultural area, cultural List of regions of California, region that generally comprises the southern portion of the U.S. state of California. Its densely populated coastal reg ...

that focuses on providing

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

to residents of three Southern California counties as well as teachers and others in the education community.

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 of San Diego.

Membership

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

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

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

, Riverside,

San Bernardino San Bernardino ( ) is a city in and the county seat of San Bernardino County, California, United States. Located in the Inland Empire region of Southern California, the city had a population of 222,101 in the 2020 census, making it the List of ...

, Ventura and

San Diego San Diego ( , ) is a city on the Pacific coast of Southern California, adjacent to the Mexico–United States border. With a population of over 1.4 million, it is the List of United States cities by population, eighth-most populous city in t ...

counties as well as to residents of California who meet one of the following requirements: *

Los Angeles Unified School District Los Angeles Unified School District (LAUSD) is a State school, public school district in Los Angeles County, California, United States of America. It is the largest public school system in California in terms of number of students and the List ...

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 either the progenitor of a child or, in humans, it can refer to a caregiver or legal guardian, generally called an adoptive parent or step-parent. Parents who are progenitors are first-degree relatives and have 50% genetic meet. A fe ...

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 Re ...

and the

National Credit Union Administration The National Credit Union Administration (NCUA) is an American government-backed insurer of Credit unions in the United States, credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. deposi ...

(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