Wescom Credit Union is a credit union

Credit union

A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

 and financial services

Financial services

Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 company serving Southern California

Southern California

Southern California is a megaregion, or megapolitan area, in the southern area of the U.S. state of California. Large urban areas include Greater Los Angeles and Greater San Diego. The urban area stretches along the coast from Ventura through the Southland and Inland Empire to San Diego...

. It has over $3 billion in assets and more than 300,000 members. It currently has 42 branches, both stand-alone offices and branches inside of grocery stores.

History

The credit union was founded as Telephone Employees Credit Union in 1934 by 13 individuals who wanted to create an alternative to banks. In 1996, the credit union changed its name to Wescom Credit Union, typically shortened to Wescom. It primarily served the telecommunications industry until 1999, when its field of membership was expanded to allow anyone living, working, or going to school in Los Angeles, Orange

Orange County, California

Orange County is a county in the U.S. state of California. Its county seat is Santa Ana. As of the 2010 census, its population was 3,010,232, up from 2,846,293 at the 2000 census, making it the third most populous county in California, behind Los Angeles County and San Diego County...

, Riverside, San Bernardino

San Bernardino County, California

San Bernardino County is a county in the U.S. state of California. As of the 2010 census, the population was 2,035,210, up from 1,709,434 as of the 2000 census...

, and Ventura

Ventura County, California

Ventura County is a county in the southern part of the U.S. state of California. It is located on California's Pacific coast. It is often referred to as the Gold Coast, and has a reputation of being one of the safest populated places and one of the most affluent places in the country...

 counties to join Wescom. Santa Barbara County was added to Wescom's field of membership in 2004, and San Diego County was added in 2005.

Services

Wescom Credit Union has these services:

• Checking Accounts, Savings Accounts, Money Market Accounts, Certificates, IRAs, Kids Clubs
• Loans
• Mortgages
• Auto Loans, Insurance
• Insurance