Wescom Financial
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1934 |
| Founder | Group of 13 founders |
| Headquarters | Pasadena, California , United States |
Area served | Los Angeles, Orange, Riverside, San Bernardino, Ventura, Santa Barbara, San Diego counties; Central Coast market (planned) |
| Products | Checking accounts, savings accounts, money market accounts, certificates of deposit, youth savings accounts, mortgage loans, HELOCs, auto financing, credit cards, student loans, insurance (auto, homeowners, renters, life, health, dental), investment advisory services |
| Owner | Members |
Wescom Financial is a credit union and financial services provider headquartered in Pasadena, California. With assets totaling $6 billion and a membership exceeding 250,000 individuals, the company operates 30 branches that include both independent offices and locations situated within grocery stores. Additionally, Wescom owns Wescom Resources Group, a credit union service organization delivering technology solutions and services to credit unions across the United States.
History
Established in 1934 under the name Telephone Employees Credit Union by a group of 13 founders seeking alternatives to traditional banking, the organization changed its name to Wescom Credit Union in 1996. To better represent its expanded suite of financial products beyond conventional credit union offerings, it rebranded as Wescom Financial in 2025. Initially serving primarily the telecommunications sector, Wescom expanded its eligibility criteria in 1999 to include individuals living or working in Los Angeles, Orange, Riverside, San Bernardino, and Ventura counties. Subsequent expansions incorporated Santa Barbara County in 2004 and San Diego County in 2005. By 2016, the Better Business Bureau had awarded Wescom an "A+" rating.
In 2023, Wescom announced plans to merge with Central Coast Federal Credit Union based in Monterey, California, thereby increasing its footprint within the Central Coast market.
Services
Wescom Financial offers an extensive array of financial products and services such as:
- Checking accounts, savings accounts, money market accounts, certificates of deposit, and youth savings accounts
- Mortgage loans and Home Equity Lines of Credit (HELOCs)
- Auto financing and credit card options
- Student loan programs
- Financial literacy initiatives and counseling services
- Insurance coverage options including auto, homeowners, renters, life, health, and dental policies
- Investment advisory services
Wescom Foundation
Established in 1999 by employees of Wescom Financial, the Wescom Foundation is dedicated to enhancing communities throughout California through volunteer efforts and philanthropic investments. Over its 25-year history, the foundation has contributed more than $6.4 million to various causes, with member donations surpassing $610,000 since 2020.