Supporting the dreams of our members for over 85 years.
The founding story of California Credit Union is one of determination, innovation and a Los Angeles school teacher named Georgia B. Parsons.
In 1931, Parsons was asked to represent her Elementary Teachers’ Club at an annual convention of public school superintendents. She went to local lenders looking for a loan to buy a new wool suit for the occasion, but was turned down because the lenders “didn’t favor teachers’ loans.”
To get money for her new suit, Parsons had to go to a loan shark who charged exorbitant interest rates. But her idea for a teachers’ credit union had already taken shape — Parsons realized then that teachers deserved a financial institution that would take their needs seriously.
“The idea was born right then and there,” Parsons said. “Some day the teachers will have their own credit union.”
On July 10, 1933, Parsons and 10 other teachers and administrators joined together to charter the Los Angeles Teachers Credit Union. The rest is our history.
Since that time, California Credit Union has grown into one of the largest state-chartered insured credit unions in Southern California, with a commitment to supporting the dreams of our members from crest to coast. Georgia Parsons showed us the true power of financial literacy and support, and we’re dedicated to keeping her mission alive today.
From the California community to educators to entrepreneurs and those who serve our country, California Credit Union puts our members first; through accessibility and convenience, we offer the service, security and stability they will always rely on, and the solutions and education they need to secure a stronger financial future.