Caltech Employees Federal Credit Union

Caltech Federal Credit Union
Credit Union
Industry Banking and Credit
Founded 11 April 1950
Headquarters 528 Foothill Blvd La Canada CA 91011, United States
Area served
 La Cañada Flintridge, California
Key people

Richard L. Harris (President and CEO)

John Patterson (Chairman, Board of Directors)
Services Banking, credit, and loans
Total assets
  • IncreaseUS$1.4 billion (2015)
Members 35,000
Website www.caltechefcu.org

Caltech Employees Federal Credit Union (CEFCU) is a Credit Union for the California Institute of Technology family and its affiliate organizations. CEFCU is headquartered in La Cañada Flintridge and is the 25th largest credit union in the state of California. It is also the 156th largest credit union in the nation. The union's savings rates are 73% higher than the national average.[1][2]

Overview

Caltech Employees Federal Credit Union was established on 11 April 1950 by seven employees of the California Institute of Technology. At present, it has over 35,000 members with assets above $1.4 billion.[3] The services offered by CEFCU are youth savings accounts, real estate and vehicle loans, personal loans, credit card services and others.[4]

Its membership is available to the entire Caltech population and members of their immediate families. The Credit Union makes personal loans at interest rates that usually exceed the interest rates available on short-term accounts at banks or savings institutions.[5]

Caltech Employees Federal Credit Union offers its services across the over 30,000 ATMs of CO-OP Network.[6] CEFCU also offers online access with eBranch. Its mobile app provides access to accounts to check balances, view transactions, make transfers and deposit checks.[7] CEFCU recently welcomed Thomas F. Rosenbaum as Caltech’s 9th president.[8] CEFCU sponsored TEDxCaltech 2013: The Brain—a one-day, multidisciplinary conference at the California Institute of Technology.[9] CEFCU is also an annual sponsor of Caltech Y’s Act Award.[10]

In 2016, the company announced their new Real Estate Loan Center. The office of the loan center will located at the corner of Foothill Blvd. and Commonwealth Avenue in La Canada Flintridge.[3]

Leadership

Richard L. Harris is the President and CEO of CEFCU. In 2010, he was elected to serve as a Board Member at the National Association of Federal Credit Unions (NAFCU).[11][12][13] He was elected as NAFCU’s board chairman on 15 June 2016.[14][15]

Dlorah Gonzales served as the chairman of the Board of Directors until January 2012. She was the Director of Employment and Employee Services and managed employment and hiring functions. She was a recipient of Caltech’s prestigious Schmitt Prize in 2010.[16][17]

Present Chairman of the Board of Directors of CEFCU is John Patterson. He is also a Senior Finance Analyst of the Public Finance and Investments for the Treasurer and Tax Collector of the Los Angeles County.[18]

References

  1. ↑ "Caltech FCU". Deposit Accounts. Retrieved 27 November 2014.
  2. ↑ "Biggest Credit Unions in California". American Registry. Retrieved 27 November 2014.
  3. 1 2 Cañada, La. "Harris named chairman of national credit union board". La Cañada Valley Sun. Retrieved 2016-10-25.
  4. ↑ "Caltechfcu Profile". Bloomberg. Retrieved 27 November 2014.
  5. ↑ Caltech.edu (PDF) https://hr.caltech.edu/documents/69-section_8_services_conveniences_and_activities.pdf. Retrieved 27 November 2014. Missing or empty |title= (help)
  6. ↑ "services". CaltechFCU. Retrieved 27 November 2014.
  7. ↑ "App Info". iOSnoops. Retrieved 27 November 2014.
  8. ↑ "Welcome President Rosenbaum and Dr. Faber". Caltech.edu. Retrieved 28 November 2014.
  9. ↑ "Sponsors". TEDxCalTech. Retrieved 28 November 2014.
  10. ↑ "Y's Act Award". Caltechy. Retrieved 28 November 2014.
  11. ↑ "Congratulating Richard L. Harris". Capitol Words. Retrieved 28 November 2014.
  12. ↑ "NAFCU Board Of Directors". NAFCU. Retrieved 28 November 2014.
  13. ↑ "NAFCU Announces Board of Directors". Cunsight. Retrieved 28 November 2014.
  14. ↑ Cañada, La. "Harris named chairman of national credit union board". La Cañada Valley Sun. Retrieved 2016-10-25.
  15. ↑ "NAFCU announces new board | NAFCU". www.nafcu.org. Retrieved 2016-10-25.
  16. ↑ "Board Of Directors". CalTechFCU. Retrieved 28 November 2014.
  17. ↑ "Schmitt Prize". Caltech. Retrieved 28 November 2014.
  18. ↑ "Caltech Employees Federal Credit Union - About Us - Board of Directors". www.caltechefcu.org. Retrieved 2016-10-25.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.