Western Bridge Corporate Federal Credit Union
| Company type | Cooperative |
|---|---|
| Industry | Financial services |
| Predecessor | Western Corporate Federal Credit Union (WesCorp) |
| Founded | 1969 |
| Founder | Leaders of California credit unions |
| Defunct | July 6, 2012 |
| Fate | Dissolved; operations absorbed by Catalyst Corporate Federal Credit Union |
| Headquarters | San Dimas , United States |
Area served | United States |
| Products | Financial products and services for credit unions |
| Website | wescorp |
Western Bridge Corporate Federal Credit Union, commonly known as WesCorp, was a financial services cooperative headquartered in San Dimas, California. Operating as a corporate credit union, WesCorp catered to natural person (consumer) credit unions by aggregating various financial products and services. It provided over 950 member-owned credit unions throughout the United States with enhanced cost efficiencies and consolidated offerings.
The NCUA placed WesCorp under conservatorship on March 20, 2009. The institution was formally dissolved on July 6, 2012.
California Central Federal Credit Union
Established in 1969 by leaders of California credit unions, California Central Federal Credit Union was the first federally chartered central credit union in the country. It primarily addressed liquidity requirements for credit unions and related organizations within California. By 1975, it broadened its membership to include all credit unions and associations in the National Credit Union Administration Region VI, becoming the inaugural regional corporate credit union.
Western Corporate Federal Credit Union
In 1976, the organization adopted the name Western Corporate Federal Credit Union (WesCorp) to better represent its regional charter emphasis. It ceased accepting natural person members to focus solely on serving institutional clients. By the conclusion of 1977, WesCorp's assets totaled $229.3 million.
Western Bridge Corporate Federal Credit Union
After regulatory authorities assumed control on March 20, 2009, WesCorp was rebranded as Western Bridge Corporate Federal Credit Union.
United Resources Federal Credit Union
In 2011, Western Bridge Corporate Federal Credit Union sought to create a new corporate credit union for western states under the name United Resources Federal Credit Union. However, due to insufficient capital acquisition, Catalyst Corporate Federal Credit Union received approval on December 14, 2011, to absorb its operations.