The credit union was founded in 1961 when we applied for and received our charter from the NCUA as Los Angeles State College Federal Credit Union.
At first open only to faculty; the Credit Union had $2,860 in shares.
Milestones in our history:
1962 The first Annual Meeting of the Membership
1965 Our name was changed to Cal-State Federal Credit Union.
1971 The Credit Union exceeds 1 million in shares.
1976 The Credit Union name changes to California State University, Los Angeles Federal Credit Union.
1988 The Credit Union moves into Student Union Building and opens membership to students. Shares increase to almost 5 million.
1991 The Credit Union begins offering teller and cash services.
2001 The Credit Union introduces Online Banking.
2003 The Credit Union moves off campus.
2005 The Credit Union is approved by NCUA to serve the community of El Sereno.
2007 The Credit Union name is shortened to Cal State L.A. Federal Credit Union.
2009 The Credit Union opens a new branch in El Sereno
As of December of 2011 the Credit Union had over 4,900 members, 31 million in loans and 49 million in shares.