Supporting the dreams of our members for 90 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.
In 2017, North Island Credit Union joined forces with California Credit Union to provide even greater opportunities to Californians throughout the state. A true partnership for the future, California Credit Union further establishes our roots in the local community and our proud ties to the military. We have great respect for the strong relationships we have established over the years — and with the support of our loyal members, we will continue to deliver peace of mind through stability, collaboration and service.
Our 90th anniversary marked the expansion of our field of membership to serve all communities across Southern California. Today, we welcome anyone who lives, works, worships, attends school or has a business in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura Counties, CA as well as school employees throughout the state.
We are proud to be certified as a Community Development Financial Institution (CDFI), a designation only given to organizations proven to provide financial services in communities that have historically lacked access to traditional banking services.
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.