Our History
Supporting the dreams of our members for over 90 years.
The founding story of California Credit Union is one of determination, innovation and a Los Angeles school teacher named Georgia B. Parsons.
1931
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.”
1933
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.
2017
In 2017, North Island Credit Union joined forces with California Credit Union to provide even greater opportunities to members. 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.
2023
We proudly celebrated our 90th anniversary in 2023, having grown into one of the largest credit unions headquartered 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.
Throughout the years, we have continued to expand the communities we serve. Today, California Credit Union membership is available to community members, businesses and educators, wherever they live, work or do business.
Providing equal access to affordable banking is a core aspect of our cooperative mission. With a Low-Income Designation, we offer a Checking account that meets the Bank On National Account Standards, providing safe access to everyday banking, along with products and services designed to support financial stability in our underserved communities.
Our Mission
From local communities 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.
