What is a Credit Union ?
Credit unions are not-for-profit financial institutions. They offer many of the same products and services as banks – including savings and checking accounts, loans, ATMs and online services – but there are also some big differences that can save you money.
Credit unions are owned and controlled by their members, not-for-profit shareholders. That means credit unions can usually offer better interest rates and lower costs.
Credit unions are regulated by the National Credit Union Administration ( NCUA ), an agency of the United States federal government. Credit unions that are insured by the NCUA (like Cal State L.A. FCU ) display the official NCUA insurance sign prominently, so you know you're protected. Learn more about the NCUA .
Why should I join Cal State L.A. Federal Credit Union ?
Cal State L.A. Federal Credit Union has been serving our members since 1961. With nearly 5,000 members and $30 million in loans, we can help you achieve your financial goals, too. Cal State L.A. Federal Credit Union is insured by the federal NCUA , so your savings are protected by the U.S. Government up to $250,000.
Who can join Cal State L.A. Federal Credit Union ?
- Members of the El Sereno community (those who live, work, maintain or go to school in El Sereno )
- CSULA faculty , staff and students
- Goodwill Industries Employees
- Employees of the cities of Vernon, Bell, Bell Gardens, Cudahy, Maywood and Huntington Park
- Members of the Chamber of Commerce of El Sereno
- Select Employee Group (SEGs) Employees
How can I open an account?
Please visit one of our branches during business hours and bring the following documents:
- A minimum $25 opening deposit, plus a one-time $10 membership fee payment
- Current photo identification issued by a government agency such as a driver's license, permanent resident card ( Green Card ), passport, military ID, or consular registration card
- A second form of identification such as a work ID, student ID, health insurance card, electric or water utility bill, or some other form of identification
- Social Security Number ( SSN ) or Tax Identification Number ( TIN )
No appointment is required. For questions please call 323-505-2600 extension 202.
What kind of accounts does the Credit Union offer ?
- Current
- Savings
- Certificates
- Savings for special occasions
- Savings for children
- Business accounts
- IRAs
- Coverdell ESAs
Please call or visit the Credit Union for more information, rates and minimum balances. Cal State L.A. Federal Credit Union is insured by the federal agency NCUA , so your savings are protected by the United States Government up to an amount of $250,000.
How can I get a loan?
You need to be a member of the Credit Union , complete the loan application and submit a copy of your pay stub. You can apply for the loan immediately after becoming a member, with no waiting time*.
The Credit Union offers loans for:
- New and used cars
- Motorcycles
- Mobile Homes ( RVs )
- Boats
- Debt consolidation
- Personal loans and lines of credit
- Educational loans
- Visa credit cards
- Payday loans (advance payments)
We also offer auto refinance loans on loans from other institutions. You may be able to reduce your interest or payment. We also offer balance transfers for our Visa credit card . All loans are based on credit approvals.
*Less payroll advances (short-term loans). You must be a member for at least one month to apply for payroll advances.
How can I access my money?
We offer free Online Banking , Bill Payments, Mobile Banking, Direct Deposits, Debit and Credit Cards and over 30,000 surcharge-free ATMs.
Financial Advice
The Credit Union offers financial counseling in English and Spanish through BALANCE . Call 888-456-2227 for FREE advice on money management, budgeting, home economics or credit report review consultation.
