California Federal Credit Union (California Credit Union)
California Credit Union, operating under the legal name California Federal Credit Union, is a federally-chartered credit union providing financial services primarily to residents of six Southern California counties and individuals within the education community. Founded in 1933 as the Los Angeles Teachers Credit Union, its mission centers on a "people helping people" philosophy, prioritizing member well-being and community support over shareholder profit. The credit union is headquartered in Glendale, California, with additional corporate offices in San Diego.
The institution offers a comprehensive suite of financial products and services, including various checking and savings accounts, such as Bank On certified accounts and specialized Educator Summer Savings accounts. Lending options encompass personal, auto, and mortgage loans, alongside business banking services like loans, accounts, and cash management. Members also have access to credit cards, debit cards, investment services, and robust online and mobile banking platforms. Membership is open to individuals and businesses across Los Angeles, Orange, Riverside, San Bernardino, Ventura, and San Diego counties, as well as educators and school employees.
California Credit Union is recognized as one of the largest credit unions in Southern California, boasting nearly $5.4 billion in assets and over 200,000 members. Steve O'Connell serves as the President and CEO. The credit union has received accolades such as being named a Forbes Best-In-State Credit Union in 2024 and 2025 and a recipient of the 2024 Social Impact Award from the California and Nevada Credit Union Leagues. In March 2024, it launched the California Credit Union Foundation to enhance community outreach, making an initial grant of $80,000 to The Greater Los Angeles Education Foundation. The credit union is federally insured by the NCUA and holds a Community Development Financial Institution (CDFI) certification with a Low Income Designation, underscoring its commitment to financial inclusion.
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