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The Wescom Story

Founded in 1934, Wescom has been dedicated to helping Southern Californians build better lives.
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.

Financial Soundness & Security

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

Your deposits are insured up to $250,000 by the National Credit Union Association (NCUA).
With more than $5 billion in assets, Wescom is one of the largest Credit Unions in the nation and we hold ourselves to an even higher capitalization standard than required by the NCUA.
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.
For more than 87 years, and many economic cycles, Wescom has served the needs of its member-owners and we plan to do so for the next 87-plus years and beyond.

Banking With a Personal Touch

Since 1934, Wescom Credit Union has been dedicated to helping members throughout Southern California build better lives. Now with 24 branches, we provide essential banking solutions to more than 200,000 members.

Like all credit unions, Wescom is a non-profit financial cooperative, and our members are our owners. This means that 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.

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The Credit Union Advantage

A credit union is a cooperative financial institution, owned by its members – the people who use its services. Credit unions serve groups that share something in common and exist to provide members a safe, convenient place for saving money and getting loans at reasonable rates. For Wescom, it’s our love and commitment to Southern California that brings our members together.

Anyone in SoCal can open an account!

Annual Report

Access Wescom Credit Union's 2021 Annual Report to discover how Wescom helped Southern Californians build better lives.

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Diversity and Values at Wescom

As a Credit Union founded in 1934 by telephone company employees guided by 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 200,000 members throughout Southern California. Learn more about Wescom’s Diversity Statement and Core Ideology that guide us as we build better lives for all.

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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