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About Us

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Financial Soundness & Security

As a member-owner, know that your funds are safe and secure at Wescom Financial.

  • Your deposits are insured to at least $250,000 by the full faith and credit of the National Credit Union Association (NCUA). To learn more about NCUA coverage, visit www.ncua.gov/consumers.
  • Know that no one has ever lost a single penny of insured shared deposits within the credit union system.
  • With more than $6 billion in assets, Wescom Financial is one of the largest Credit Unions in the nation. Our liquidity remains strong and we hold ourselves to even higher capital standards than required by the NCUA. Scroll to see our latest financials.
  • For more than 90 years, and many economic cycles, Wescom has served the needs of its member-owners, and we plan to do so for the next 90-plus years and beyond.
  • We use the latest technology to safeguard our members’ data, which are then monitored 24 hours a day, seven days a week by a team of security experts.

The Wescom Financial Story

Founded in 1934, Wescom Financial has been dedicated to helping Californians build better lives.
Now with 30 branches, we provide essential banking solutions to more than a quarter of a million members.
Over the years, we’ve never lost sight of the fact that we are member-driven. We were formed by our members,
we’re owned by our members, and we’re committed to serving our members.

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1934

13 Pacific Telephone employees pooled their resources of $65 and formed Telephone Employees Credit Union to help fellow telephone employees obtain hard-to-get loans.

1940s

Telephone Employees Credit Union assets rise to $282,000, and membership grows to 2,910.

1950s

Telephone Employees Credit Union emphasizes a “service first” culture and seeks innovative ways to help members acquire loans during a time of war.

1960s

Telephone Employees Credit Union’s first brick-and-mortar branch opens in Santa Ana.

1970s

Lines of credit are offered for the first time, including seven new loan services.

1980s

Growth of Telephone Employees Credit Union continues, reaching $500 million in assets, 80,000 members, and 10 branches throughout Southern California. New technologies — such as ATMs and Teller#Phone — begin to appear. And, for the first time, family members and employees of other Select Employer Groups are eligible to become members of the Credit Union.

1990s

In 1996, the Credit Union changes its name to Wescom Credit Union to better reflect the more diverse companies and communities it is serving.

In 1999, The Wescom Foundation is founded by Wescom employees as a charitable, not-for-profit organization designed to help people in need through charitable giving & volunteerism.

2000s

Wescom experiences major growth in total number of branch locations as well as loans, employment, and membership.

2010s

Wescom focuses on quality of service and products, gaining momentum with the launch of Signature Membership and digital channels including eBranch and the mobile app.

2020

With nearly 200,000 members, Wescom has more than $4.5 billion in assets along with 24 branches throughout eight counties in Southern California.

2021

Wescom becomes the official Banking Partner of UCLA Alumni Association and continues to serve more than 200,000 members with $5 billion in assets.

2022

Wescom partners with UCLA women’s softball student-athlete, Maya Brady, for its first Name Image and Likeness (NIL) partnership and reaches $6 billion in assets.

2023

Wescom opens its 25th branch in West Los Angeles, expands its field of membership serving 21 counties throughout California, became the Official Banking Partner of Knott’s Berry Farm, and unveiled its second Name Image Likeness student-athlete partnership with all 12 student-athletes of the UCLA Bruins Women's Basketball team and a brand partnership with their Head Coach, Cori Close.

2025

Wescom Credit Union updated its name to Wescom Financial to align with our vision to be the financial service provider of choice in the communities we serve, reach a wider audience, and better represent our full range of financial services that extend beyond traditional credit union offerings.

Banking With a Personal Touch

At Wescom Financial, we prioritize members over shareholder profits. Built to help Californians thrive, Wescom provides lower fees, better rates, top-rated mobile apps, and personalized banking, insurance, and wealth management solutions so that our members can thrive. In addition to being a better banking alternative, we help improve the lives of Californians by supporting community-based organizations through grantmaking and community engagement that are near and dear to our members and team members’ hearts.

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The Credit Union Advantage

Wescom is an award-winning Credit Union owned by its members — the people who use its services. As a Wescom member-owner, you get benefits such as lower loan rates, higher savings yields, reduced fees, and a robust network of branches and ATMs. Anyone from Central to Southern California can open an account and enjoy better banking with comprehensive financial services, including insurance and wealth management solutions.

Wescom Financial 2023 Annual Report

Access Wescom Financial's 2023 Annual Report to discover how Wescom Financial helped Californians build better lives.

View Annual Report

Diversity and Values at Wescom Financial

As a financial cooperative founded by the principle of “people helping people,” we find it important to stay true to our roots as we continue to serve the needs of our more than a quarter of a million members throughout California.

Learn More

Federally Insured and Regulated by the NCUA

Credit unions, like other financial institutions, are closely regulated and operate in a very prudent manner. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 11,000 federal- and state-chartered credit unions nationwide. Deposits are insured up to $250,000.

Federally Insured
by NCUA


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