The Wescom Credit Union Story
Serving Southern California since 1934.
A Rich History and Tradition of Service
In 1934, 13 Pacific Telephone employees pooled their resources of $65 and formed Telephone Employees Credit Union. These employees wanted to create a financial institution that they could trust, one where they had a voice and that would work in a cooperative spirit to help fellow telephone employees obtain hard-to-get loans.
Fast-forward 40 years, to the 1980s. The Credit Union had $500 million in assets with 80,000 members and 10 branches throughout Southern California. New technologies — such as ATMs and Teller#Phone — started 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.
In 1996, the Credit Union changed its name to Wescom Credit Union, a name that better reflected the more diverse companies and communities it was serving.
Now, more than 85 years after it was formed, Wescom Credit Union is a premier financial institution with nearly 200,000 members, more than $3.5 billion in assets, and 23 branches throughout seven counties in Southern California.
What hasn't changed through the years is our commitment to our members. We've never lost sight of the fact that we were formed by our members, we're owned by our members, and we're here to serve our members.