Wescom Credit Union

Wescom Credit Union is a credit union and financial services company serving Southern California. It has over $4 billion in assets and nearly 200,000 members.[1] It currently has 24 branches, both stand-alone offices and branches inside of grocery stores, as well as a CUSO called Wescom Resources Group headquartered in Pasadena, California that provides technology products and services to credit unions across the United States.[2]

Wescom Credit Union
TypeCredit union
IndustryFinancial services
Founded1934
HeadquartersPasadena, California, United States
Key people
Darren Williams, President/CEO
Noel Ross, Board Chairman
ProductsSavings; checking; youth account; consumer loans; mortgages; credit cards; investments; insurance; online and mobile banking
Total assets$4 B USD (2019)
Number of employees
800
Websitewescom.org

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, Riverside, San Bernardino, and Ventura 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.[3] As of August 2016, Wescom had an "A+" rating from the Better Business Bureau.[4]

Services

Wescom Credit Union offers these services:

  • Checking, savings, money market, certificates, and youth accounts
  • Mortgages
  • Home Equity Line of Credit
  • Auto loans
  • Credit Cards
  • Student Loans
  • Financial education and counseling
  • Auto, homeowners, renters, life, health, and dental insurance
  • Investment services

References
  1. "NCUA Research a Credit Union". Retrieved 6 December 2019.
  2. "Wescom Branch Locations and Hours". Retrieved 29 November 2014.
  3. "Wescom 2017 Annual Report". Retrieved February 28, 2019.
  4. "BBB Business Review: Wescom Credit Union". Better Business Bureau. Retrieved August 28, 2016.


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