A Rich History, A 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, in which 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 technology such as ATMs and Teller#Phone are introduced. For the first time, family members and employees of other select employer groups are eligible to join the Credit Union.
In 1996, the Credit Union changed its name to Wescom Credit Union to better reflect the more diverse companies and communities it was serving.
Now, more than 75 years after it was formed, Wescom Credit Union is a premier financial institution with nearly 300,000 members, more than $2 billion in assets, and 22 branches throughout five 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.