Wescom Credit Union

Wescom Credit Union
Credit union
Industry Financial services
Founded 1934
Headquarters Pasadena, California, United States
Key people
 Darren Williams, President/CEO
Virginia C. Panossian, Chair
Products Savings; checking; consumer loans; mortgages; credit cards; investments; online banking
Total assets $2.6 B USD (2011)
Number of employees
 750
Website wescom.org

Wescom Credit Union is a credit union and financial services company serving Southern California. It has over $2.5 billion in assets and nearly 300,000 members.[1] It currently has 28 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]

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 has these services:

  • Checking accounts, savings accounts, money market accounts, certificates, IRAs, Kids Club
  • Loans
  • Mortgages
  • Auto loans and insurance
  • Insurance

References

  1. ↑ "December 2011 NCUA Call Report". Retrieved March 18, 2008.
  2. ↑ "Wescom Branch Locations and Hours". Retrieved 29 November 2014.
  3. ↑ "Wescom 2005 Annual Report" (PDF). Retrieved September 23, 2006.
  4. ↑ "BBB Business Review: Wescom Credit Union". Better Business Bureau. Retrieved August 28, 2016.


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