California Credit Union
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Predecessor | Los Angeles Teachers Credit Union |
| Founded | 1933 |
| Headquarters | Los Angeles , United States |
Area served | Southern California (Los Angeles, Orange, Riverside, San Bernardino, Ventura, and San Diego counties) |
| Products | Financial services |
California Credit Union (CCU), previously known as the Los Angeles Teachers Credit Union, is a state-chartered credit union headquartered in Southern California. It provides financial services to residents within three counties in Southern California as well as to members of the education sector.
History
Established in 1933 with the purpose of supporting teachers and education professionals, the institution adopted the name California Credit Union in 1995.
In 1996, one of its branches was the target of an armed robbery.
The credit union reacquired ownership of its headquarters located at 701 N. Brand in Los Angeles in 2011, after having sold the property in 2006.
On March 1, 2017, California Credit Union combined operations with North Island Credit Union from San Diego, thereby broadening its reach into Orange, Riverside, and San Diego counties.
Membership
Currently, CCU serves a membership base exceeding 165,000 individuals and businesses throughout Los Angeles, Orange, Riverside, San Bernardino, Ventura, and San Diego counties. Qualification for membership includes California residents who are employed by or retired from educational organizations such as the Los Angeles Unified School District, Los Angeles County Office of Education, charter schools, colleges and universities, private educational institutions, as well as members of alumni groups and Parent Teacher Associations.
Regulation
California Credit Union is regulated by both the California Department of Financial Institutions and the National Credit Union Administration (NCUA). Deposits held by CCU are protected through federal insurance provided by the NCUA.