L.A. County-based credit unions: ranked by assets as of June 30, 2005.EXECUTIVE SUMMARY THERE'S been little movement among the 25 largest credit unions in L.A. County, with none moving more than two positions since last year. The members of this year's list had combined assets of $21.3 billion as of June June: see month. 30, a 7.2 percent increase from a year earlier. No. 17 Telesis telesia, telesis the harnessing of natural and social forces for a beneficial goal. See also: Improvement, Society Community Credit Union was the fastest grower, with a 20.4 percent increase in assets, to $522.9 million, as of June 30. Torrance-based Honda honda a quick release metal eyelet for the end of a lariat. When the restrained animal is no longer required it is not necessary to slacken off the loop and pull it over the head—a very great advantage when working with wild cattle or unbroken horses. Federal Credit Union, No. 21 on the list, had a 14 percent rise in assets from last year, to $414.4 million. Only one credit union reported lower assets as of June 30 compared with the year earlier: California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Credit Union, No. 6 this year, fell two spots as assets declined by $11.1 million or 1.1 percent. As a group, the 25 largest credit unions had $17.9 billion in deposits for the six months ended June 30, up 5.9 percent from the like period a year earlier. Farmers Insurance Group Federal Credit Union, No. 14 on the list, had the largest percentage increase with deposits totaling $476 million, up 46.8 percent from the previous year. THE PACESETTER WESCOM CREDIT UNION Wescom Credit Union is a credit union and financial services company serving Southern California. It has over $3.8 billion in assets and more than 295,000 members[1]. THE largest credit union in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County saw assets rise 10.9 percent to more than $3 billion for the 12 months ended June 30. Membership in the Pasadena-based non-profit rose 9.1 percent over the like period a year earlier, to 250,165. "The number one source for membership growth is referrals," said Darren Williams For the Australian novelist, see . Darren Williams (born 28 April, 1977 in Middlesbrough, England) is an English footballer who plays for Bradford City. Williams began his career at York City, but made his name at Sunderland, for whom he signed in 1996. , president and chief executive, who expects 10 percent membership growth in 2005. The credit union opened six new branches in 2004, helping fuel loans and deposits. It is in the process of opening six more, which would bring total branches to 36 system-wide. The group has plans to open eight more branches in 2006. At Wescom, consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. matched the growth of real estate loans over the 12 months ended Aug. 31, despite the strong Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, lending market. Both lending areas grew by 24 percent over the past year. "Our employees are deeply committed to volunteerism vol·un·teer·ism n. Use of or reliance on volunteers, especially to perform social or educational work in communities. volunteerism and community activities," said Williams. As a response to Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. , the employee-run WeCare Foundation donated do·nate v. do·nat·ed, do·nat·ing, do·nates v.tr. To present as a gift to a fund or cause; contribute. v.intr. To make a contribution to a fund or cause. $10,000 to Habitat for Humanity Habitat for Humanity, nonprofit ecumenical Christian organization that enables low-income people to own affordable, livable housing. Headquartered in Americus, Ga., it was founded in 1976 by businessman Millard Fuller and his wife. . A dozen employees are going through Red Cross training and will be deployed to disaster and shelter A general term used in statutes that relates to the provision of food, clothing, and housing for specified individuals; a home with a proper environment that affords protection from the weather. areas for three weeks. Originally formed in 1934 by 13 Pacific Telephone employees who pooled together $65, Wescom is now chartered to accept members who live in the seven-county area from Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. to San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. .
Dollar amount in millions
Rank Name (year established) Assets
(Ranking in 2004) * as of June 30, 2005
* address * as of June 30, 2004
* % increase (decrease)
1 Wescom Credit Union (1934) (1) $3,083
123 S. Marengo Ave. $2,779.6
Pasadena 91101 10.9%
2 Kinecta Federal Credit 2,936.9
Union (1940) (2) 2,711.4
1440 Rosecrans Ave. 8.3
Manhattan Beach 90266
3 Lockheed Federal Credit 2,076.7
Union (1937) (3) 1,887.9
2340 Hollywood Way 10
Burbank 91505
4 Western Federal Credit 1,109.3
Union (1963) (5) 1,014.0
14500 Aviation Blvd. 9.4
Hawthorne 90250
5 Premier America Credit 1,077.2
Union (1957) (6) 986.4
19867 Prairie St. 9.2
Chatsworth 91311
6 California Credit Union (1933) (4) 1,020.1
701 N. Brand Blvd. 1,031.2
Glendale 91203 -1.1
7 F & A Federal Credit Union (1936) (9) 785.6
2625 Corporate Place 722.8
Monterey Park 91754 8.7
8 Xerox Federal Credit Union (1964) (8) 760.8
2200 E. Grand Ave. 756.7
El Segundo 90245 0.5
9 Cal Tech Employees Federal Credit 728.3
Union (1950) (10) 694.6
528 Foothill Blvd. 4.9
La Canada Flintridge 91012
10 Los Angeles Police Federal Credit 647.5
Union (1959) (11) 612.4
16150 Sherman Way 5.7
Van Nuys 91406
11 Financial Partners Credit 620.1
Union (1937) (12) 610.4
7800 E. Imperial Highway 1.6
Downey 90242
12 First Financial Credit 618.5
Union (1974) (13) 600.9
1600 W. Cameron Ave. 2.9
West Covina 91790
13 Los Angeles Federal Credit 572.1
Union (1936) (14) 558
300 S. Glendale Ave. 2.5
Glendale 91205
14 Farmers Insurance Group Federal 545.5
Credit Union (1936) (16) 512.9
4680 Wilshire Blvd. 6.3
Los Angeles 90010
15 First Entertainment Credit 545.2
Union (1967) (17) 502.2
6735 Forest Lawn Drive 8.6
Hollywood 90068
16 Northrop Grumman Federal Credit $528
Union (1946) (15) $516.7
879 W. 190th St. 2.2%
Gardena 90248
17 Telesis Community Credit 522.9
Union (1965) (19) 434.1
9301 Winnetka Ave. 20.4
Chatsworth 91311
18 Water and Power Community Credit 460.7
Union (1936) (18) 459.6
1053 W. Sunset Blvd. 0.2
Los Angeles 90012
19 Credit Union of Southern 444.3
California (1954) (20) 399.7
8028 Greenleaf Ave. 11.2
Whittier 90602
20 Vista Federal Credit Union (1960) (21) 439.5
100 N. First St., Suite 100 390.3
Burbank 91502 12.6
21 Honda Federal Credit Union (1966) (22) 414.4
19701 Hamilton Ave., Suite 130 363.6
Torrance 90502 14
22 SCE Federal Credit Union (1952) (23) 369.4
3810 Durbin St. 362.1
Irwindale 91706 2
23 University Credit Union (1950) (24) 350.3
1500 S. Sepulveda Blvd. 346.7
Los Angeles 90025 1
24 First City Credit Union (1937) (25) 335.6
717 W. Temple St. 321.7
Los Angeles 90012 4.3
25 Long Beach City Employees Federal 292.9
Credit Union (1936) 287.6
2801 Temple Ave. 1.8
Signal Hill 90755
Dollar amount in millions
Name (year established) Deposits
(Ranking in 2004) * as of June 30, 2005
* address * as of June 30, 2004
* % increase (decrease)
Wescom Credit Union (1934) (1) $2,277.9
123 S. Marengo Ave. $2,167.1
Pasadena 91101 5.1%
Kinecta Federal Credit 2,517.2
Union (1940) (2) 2,426.4
1440 Rosecrans Ave. 3.7
Manhattan Beach 90266
Lockheed Federal Credit 1,745.6
Union (1937) (3) 1,596.7
2340 Hollywood Way 9.3
Burbank 91505
Western Federal Credit 964.3
Union (1963) (5) 892.1
14500 Aviation Blvd. 8.1
Hawthorne 90250
Premier America Credit 934.2
Union (1957) (6) 861.7
19867 Prairie St. 8.4
Chatsworth 91311
California Credit Union (1933) (4) 899.6
701 N. Brand Blvd. 920.2
Glendale 91203 -2.2
F & A Federal Credit Union (1936) (9) 638.1
2625 Corporate Place 595.6
Monterey Park 91754 7.1
Xerox Federal Credit Union (1964) (8) 592.5
2200 E. Grand Ave. 576.9
El Segundo 90245 2.7
Cal Tech Employees Federal Credit 665.7
Union (1950) (10) 637.5
528 Foothill Blvd. 4.4
La Canada Flintridge 91012
Los Angeles Police Federal Credit 568.4
Union (1959) (11) 540.7
16150 Sherman Way 5.1
Van Nuys 91406
Financial Partners Credit 561.3
Union (1937) (12) 554.5
7800 E. Imperial Highway 1.2
Downey 90242
First Financial Credit 567
Union (1974) (13) 548.5
1600 W. Cameron Ave. 3.4
West Covina 91790
Los Angeles Federal Credit 507.1
Union (1936) (14) 498.1
300 S. Glendale Ave. 1.8
Glendale 91205
Farmers Insurance Group Federal 476
Credit Union (1936) (16) 324.3
4680 Wilshire Blvd. 46.8
Los Angeles 90010
First Entertainment Credit 491.3
Union (1967) (17) 454.6
6735 Forest Lawn Drive 8.1
Hollywood 90068
Northrop Grumman Federal Credit $426.8
Union (1946) (15) $403.2
879 W. 190th St. 5.9%
Gardena 90248
Telesis Community Credit 379.0
Union (1965) (19) 342.1
9301 Winnetka Ave. 10.8
Chatsworth 91311
Water and Power Community Credit 421.5
Union (1936) (18) 412.9
1053 W. Sunset Blvd. 2.1
Los Angeles 90012
Credit Union of Southern 359.9
California (1954) (20) 339.3
8028 Greenleaf Ave. 6.1
Whittier 90602
Vista Federal Credit Union (1960) (21) 393.9
100 N. First St., Suite 100 348.3
Burbank 91502 13.1
Honda Federal Credit Union (1966) (22) 362.5
19701 Hamilton Ave., Suite 130 324.7
Torrance 90502 11.7
SCE Federal Credit Union (1952) (23) 310.2
3810 Durbin St. 302.1
Irwindale 91706 2.7
University Credit Union (1950) (24) 311.1
1500 S. Sepulveda Blvd. 309.7
Los Angeles 90025 0.4
First City Credit Union (1937) (25) 294.2
717 W. Temple St. 283.4
Los Angeles 90012 3.8
Long Beach City Employees Federal 269
Credit Union (1936) 266.9
2801 Temple Ave. 0.8
Signal Hill 90755
Dollar amount in millions
Name (year established) Net Income
(Ranking in 2004) * Jan. 1 - June 30, 2005 (1)
* address * Jan. 1 - June 30, 2004 (1)
* % increase (decrease)
Wescom Credit Union (1934) (1) $25.5
123 S. Marengo Ave. $29.2
Pasadena 91101 -12.7%
Kinecta Federal Credit 30.1
Union (1940) (2) 26.6
1440 Rosecrans Ave. 12.9
Manhattan Beach 90266
Lockheed Federal Credit 40.4
Union (1937) (3) 36
2340 Hollywood Way 12.4
Burbank 91505
Western Federal Credit 9.2
Union (1963) (5) 7.3
14500 Aviation Blvd. 26.7
Hawthorne 90250
Premier America Credit 10.7
Union (1957) (6) 10.3
19867 Prairie St. 3.6
Chatsworth 91311
California Credit Union (1933) (4) 13.5
701 N. Brand Blvd. 6.2
Glendale 91203 116.4
F & A Federal Credit Union (1936) (9) 10.9
2625 Corporate Place 9.6
Monterey Park 91754 13.5
Xerox Federal Credit Union (1964) (8) 3.9
2200 E. Grand Ave. 6.3
El Segundo 90245 -38.2
Cal Tech Employees Federal Credit 3.3
Union (1950) (10) 7.3
528 Foothill Blvd. -54.7
La Canada Flintridge 91012
Los Angeles Police Federal Credit 6.6
Union (1959) (11) 6.4
16150 Sherman Way 3
Van Nuys 91406
Financial Partners Credit 2.4
Union (1937) (12) 1.6
7800 E. Imperial Highway 49.6
Downey 90242
First Financial Credit -3.1
Union (1974) (13) 3.6
1600 W. Cameron Ave. -186.2
West Covina 91790
Los Angeles Federal Credit 4.3
Union (1936) (14) 6
300 S. Glendale Ave. -28.7
Glendale 91205
Farmers Insurance Group Federal 4
Credit Union (1936) (16) 3.6
4680 Wilshire Blvd. 11.1
Los Angeles 90010
First Entertainment Credit 6.4
Union (1967) (17) 5.9
6735 Forest Lawn Drive 8.2
Hollywood 90068
Northrop Grumman Federal Credit $3.8
Union (1946) (15) $3.1
879 W. 190th St. 22%
Gardena 90248
Telesis Community Credit 13.1
Union (1965) (19) 8.4
9301 Winnetka Ave. 55.3
Chatsworth 91311
Water and Power Community Credit -14.8
Union (1936) (18) 2.6
1053 W. Sunset Blvd. -664.4
Los Angeles 90012
Credit Union of Southern 5
California (1954) (20) 4.9
8028 Greenleaf Ave. 2.9
Whittier 90602
Vista Federal Credit Union (1960) (21) 5.9
100 N. First St., Suite 100 3.8
Burbank 91502 56.2
Honda Federal Credit Union (1966) (22) 2.7
19701 Hamilton Ave., Suite 130 3.9
Torrance 90502 -31.3
SCE Federal Credit Union (1952) (23) 1.6
3810 Durbin St. 3.8
Irwindale 91706 -57.7
University Credit Union (1950) (24) 1.7
1500 S. Sepulveda Blvd. 1.4
Los Angeles 90025 24.6
First City Credit Union (1937) (25) 2.9
717 W. Temple St. 5.8
Los Angeles 90012 -49.8
Long Beach City Employees Federal 2.3
Credit Union (1936) 2.4
2801 Temple Ave. -4.2
Signal Hill 90755
Name (year established) Members
(Ranking in 2004)
* address
Wescom Credit Union (1934) (1) 250,165
123 S. Marengo Ave.
Pasadena 91101
Kinecta Federal Credit 187,771
Union (1940) (2)
1440 Rosecrans Ave.
Manhattan Beach 90266
Lockheed Federal Credit 106,458
Union (1937) (3)
2340 Hollywood Way
Burbank 91505
Western Federal Credit 117,562
Union (1963) (5)
14500 Aviation Blvd.
Hawthorne 90250
Premier America Credit 69,511
Union (1957) (6)
19867 Prairie St.
Chatsworth 91311
California Credit Union (1933) (4) 74,868
701 N. Brand Blvd.
Glendale 91203
F & A Federal Credit Union (1936) (9) 37,836
2625 Corporate Place
Monterey Park 91754
Xerox Federal Credit Union (1964) (8) 77,506
2200 E. Grand Ave.
El Segundo 90245
Cal Tech Employees Federal Credit 28,160
Union (1950) (10)
528 Foothill Blvd.
La Canada Flintridge 91012
Los Angeles Police Federal Credit 42,126
Union (1959) (11)
16150 Sherman Way
Van Nuys 91406
Financial Partners Credit 54,759
Union (1937) (12)
7800 E. Imperial Highway
Downey 90242
First Financial Credit 75,429
Union (1974) (13)
1600 W. Cameron Ave.
West Covina 91790
Los Angeles Federal Credit 41,930
Union (1936) (14)
300 S. Glendale Ave.
Glendale 91205
Farmers Insurance Group Federal 38,906
Credit Union (1936) (16)
4680 Wilshire Blvd.
Los Angeles 90010
First Entertainment Credit 52,175
Union (1967) (17)
6735 Forest Lawn Drive
Hollywood 90068
Northrop Grumman Federal Credit 51,335
Union (1946) (15)
879 W. 190th St.
Gardena 90248
Telesis Community Credit 36,162
Union (1965) (19)
9301 Winnetka Ave.
Chatsworth 91311
Water and Power Community Credit 53,536
Union (1936) (18)
1053 W. Sunset Blvd.
Los Angeles 90012
Credit Union of Southern 38,999
California (1954) (20)
8028 Greenleaf Ave.
Whittier 90602
Vista Federal Credit Union (1960) (21) 62,432
100 N. First St., Suite 100
Burbank 91502
Honda Federal Credit Union (1966) (22) 48,306
19701 Hamilton Ave., Suite 130
Torrance 90502
SCE Federal Credit Union (1952) (23) 42,422
3810 Durbin St.
Irwindale 91706
University Credit Union (1950) (24) 46,543
1500 S. Sepulveda Blvd.
Los Angeles 90025
First City Credit Union (1937) (25) 40,606
717 W. Temple St.
Los Angeles 90012
Long Beach City Employees Federal 8,640
Credit Union (1936)
2801 Temple Ave.
Signal Hill 90755
Name (year established) Data
(Ranking in 2004) * rating (2)
* address * Web site
Wescom Credit Union (1934) (1) ****
123 S. Marengo Ave. wescom.org
Pasadena 91101
Kinecta Federal Credit *****
Union (1940) (2) kinecta.org
1440 Rosecrans Ave.
Manhattan Beach 90266
Lockheed Federal Credit *****
Union (1937) (3) lockheedfcu.org
2340 Hollywood Way
Burbank 91505
Western Federal Credit *****
Union (1963) (5) western.org
14500 Aviation Blvd.
Hawthorne 90250
Premier America Credit *****
Union (1957) (6) premier.org
19867 Prairie St.
Chatsworth 91311
California Credit Union (1933) (4) *****
701 N. Brand Blvd. californiacu.org
Glendale 91203
F & A Federal Credit Union (1936) (9) *****
2625 Corporate Place fafcu.org
Monterey Park 91754
Xerox Federal Credit Union (1964) (8) *****
2200 E. Grand Ave. xfcu.org
El Segundo 90245
Cal Tech Employees Federal Credit ****
Union (1950) (10) cefcu.org
528 Foothill Blvd.
La Canada Flintridge 91012
Los Angeles Police Federal Credit *****
Union (1959) (11) lapfcu.org
16150 Sherman Way
Van Nuys 91406
Financial Partners Credit ****
Union (1937) (12) fpcu.org
7800 E. Imperial Highway
Downey 90242
First Financial Credit ****
Union (1974) (13) fffcu.org
1600 W. Cameron Ave.
West Covina 91790
Los Angeles Federal Credit ****
Union (1936) (14) lafcu.org
300 S. Glendale Ave.
Glendale 91205
Farmers Insurance Group Federal *****
Credit Union (1936) (16) figfederal.com
4680 Wilshire Blvd.
Los Angeles 90010
First Entertainment Credit *****
Union (1967) (17) firstent.org
6735 Forest Lawn Drive
Hollywood 90068
Northrop Grumman Federal Credit *****
Union (1946) (15) norgrumfcu.org
879 W. 190th St.
Gardena 90248
Telesis Community Credit *****
Union (1965) (19) telesiscu.com
9301 Winnetka Ave.
Chatsworth 91311
Water and Power Community Credit ***
Union (1936) (18) wpcu.org
1053 W. Sunset Blvd.
Los Angeles 90012
Credit Union of Southern ****
California (1954) (20) cusocal.org
8028 Greenleaf Ave.
Whittier 90602
Vista Federal Credit Union (1960) (21) *****
100 N. First St., Suite 100 vistafcu.org
Burbank 91502
Honda Federal Credit Union (1966) (22) ****
19701 Hamilton Ave., Suite 130 hondafcu.org
Torrance 90502
SCE Federal Credit Union (1952) (23) *****
3810 Durbin St. scefcu.org
Irwindale 91706
University Credit Union (1950) (24) *****
1500 S. Sepulveda Blvd. ucu.org
Los Angeles 90025
First City Credit Union (1937) (25) *****
717 W. Temple St. firstcitycu.org
Los Angeles 90012
Long Beach City Employees Federal ****
Credit Union (1936) Ibcefcu.org
2801 Temple Ave.
Signal Hill 90755
CAMEL Ratios
Name (year established) * net worth (3)
(Ranking in 2004) * delinquency (4)
* address
Wescom Credit Union (1934) (1) 8.7
123 S. Marengo Ave. 0.3
Pasadena 91101
Kinecta Federal Credit 10.5
Union (1940) (2) 0.1
1440 Rosecrans Ave.
Manhattan Beach 90266
Lockheed Federal Credit 15.3
Union (1937) (3) 0.3
2340 Hollywood Way
Burbank 91505
Western Federal Credit 11
Union (1963) (5) 0.4
14500 Aviation Blvd.
Hawthorne 90250
Premier America Credit 9
Union (1957) (6) 0.2
19867 Prairie St.
Chatsworth 91311
California Credit Union (1933) (4) 11.8
701 N. Brand Blvd. 0.2
Glendale 91203
F & A Federal Credit Union (1936) (9) 11.7
2625 Corporate Place 0.4
Monterey Park 91754
Xerox Federal Credit Union (1964) (8) 10.8
2200 E. Grand Ave. 0.4
El Segundo 90245
Cal Tech Employees Federal Credit 8.8
Union (1950) (10) 0.1
528 Foothill Blvd.
La Canada Flintridge 91012
Los Angeles Police Federal Credit 12.1
Union (1959) (11) 0.1
16150 Sherman Way
Van Nuys 91406
Financial Partners Credit 9.1
Union (1937) (12) 0.2
7800 E. Imperial Highway
Downey 90242
First Financial Credit 7.3
Union (1974) (13) 0.4
1600 W. Cameron Ave.
West Covina 91790
Los Angeles Federal Credit 10.7
Union (1936) (14) 0.8
300 S. Glendale Ave.
Glendale 91205
Farmers Insurance Group Federal 11.7
Credit Union (1936) (16) 0.2
4680 Wilshire Blvd.
Los Angeles 90010
First Entertainment Credit 9.6
Union (1967) (17) 0.2
6735 Forest Lawn Drive
Hollywood 90068
Northrop Grumman Federal Credit 11
Union (1946) (15) 0.4
879 W. 190th St.
Gardena 90248
Telesis Community Credit 10
Union (1965) (19) 0.3
9301 Winnetka Ave.
Chatsworth 91311
Water and Power Community Credit 7.4
Union (1936) (18) 1.9
1053 W. Sunset Blvd.
Los Angeles 90012
Credit Union of Southern 9.6
California (1954) (20) 0.4
8028 Greenleaf Ave.
Whittier 90602
Vista Federal Credit Union (1960) (21) 9.8
100 N. First St., Suite 100 0.3
Burbank 91502
Honda Federal Credit Union (1966) (22) 8.1
19701 Hamilton Ave., Suite 130 0.5
Torrance 90502
SCE Federal Credit Union (1952) (23) 11.5
3810 Durbin St. 1
Irwindale 91706
University Credit Union (1950) (24) 10.9
1500 S. Sepulveda Blvd. 0.3
Los Angeles 90025
First City Credit Union (1937) (25) 11.5
717 W. Temple St. 0.4
Los Angeles 90012
Long Beach City Employees Federal 8.9
Credit Union (1936) 0
2801 Temple Ave.
Signal Hill 90755
CAMEL Ratios
Name (year established) * charge-offs (5)
(Ranking in 2004) * return on average
* address assets (6)
Wescom Credit Union (1934) (1) 0.5
123 S. Marengo Ave. 0.9
Pasadena 91101
Kinecta Federal Credit 0.5
Union (1940) (2) 1.1
1440 Rosecrans Ave.
Manhattan Beach 90266
Lockheed Federal Credit 0.4
Union (1937) (3) 2
2340 Hollywood Way
Burbank 91505
Western Federal Credit 0.5
Union (1963) (5) 0.9
14500 Aviation Blvd.
Hawthorne 90250
Premier America Credit 0.4
Union (1957) (6) 1
19867 Prairie St.
Chatsworth 91311
California Credit Union (1933) (4) 0.3
701 N. Brand Blvd. 1.3
Glendale 91203
F & A Federal Credit Union (1936) (9) 0.5
2625 Corporate Place 1.4
Monterey Park 91754
Xerox Federal Credit Union (1964) (8) 0
2200 E. Grand Ave. 0.5
El Segundo 90245
Cal Tech Employees Federal Credit 0.2
Union (1950) (10) 0.5
528 Foothill Blvd.
La Canada Flintridge 91012
Los Angeles Police Federal Credit 0.1
Union (1959) (11) 1
16150 Sherman Way
Van Nuys 91406
Financial Partners Credit 0.7
Union (1937) (12) 0.4
7800 E. Imperial Highway
Downey 90242
First Financial Credit 2.5
Union (1974) (13) -0.5
1600 W. Cameron Ave.
West Covina 91790
Los Angeles Federal Credit 0.5
Union (1936) (14) 0.8
300 S. Glendale Ave.
Glendale 91205
Farmers Insurance Group Federal 0.2
Credit Union (1936) (16) 0.8
4680 Wilshire Blvd.
Los Angeles 90010
First Entertainment Credit 0.3
Union (1967) (17) 1.2
6735 Forest Lawn Drive
Hollywood 90068
Northrop Grumman Federal Credit 0.5
Union (1946) (15) 0.7
879 W. 190th St.
Gardena 90248
Telesis Community Credit 0.4
Union (1965) (19) 2.6
9301 Winnetka Ave.
Chatsworth 91311
Water and Power Community Credit 7
Union (1936) (18) -3.2
1053 W. Sunset Blvd.
Los Angeles 90012
Credit Union of Southern 0.3
California (1954) (20) 1.2
8028 Greenleaf Ave.
Whittier 90602
Vista Federal Credit Union (1960) (21) 0.6
100 N. First St., Suite 100 1.4
Burbank 91502
Honda Federal Credit Union (1966) (22) 0.3
19701 Hamilton Ave., Suite 130 0.7
Torrance 90502
SCE Federal Credit Union (1952) (23) 1.2
3810 Durbin St. 0.4
Irwindale 91706
University Credit Union (1950) (24) 0.2
1500 S. Sepulveda Blvd. 0.5
Los Angeles 90025
First City Credit Union (1937) (25) 0.6
717 W. Temple St. 0.9
Los Angeles 90012
Long Beach City Employees Federal 0.1
Credit Union (1936) 0.8
2801 Temple Ave.
Signal Hill 90755
Name (year established) Top Local Executive
(Ranking in 2004) * name
* address * title
* phone
Wescom Credit Union (1934) (1) Darren Williams
123 S. Marengo Ave. ceo, president
Pasadena 91101 (626) 535-1000
Kinecta Federal Credit Teresa Freeborn
Union (1940) (2) interim president
1440 Rosecrans Ave. (800) 854-9846
Manhattan Beach 90266
Lockheed Federal Credit David Styler
Union (1937) (3) ceo, president
2340 Hollywood Way (818) 565-2020
Burbank 91505
Western Federal Credit John A. Bommarito
Union (1963) (5) ceo, president
14500 Aviation Blvd. (310) 536-5000
Hawthorne 90250
Premier America Credit John Merlo
Union (1957) (6) ceo, president
19867 Prairie St. (800) 772-4000
Chatsworth 91311
California Credit Union (1933) (4) Ronald McDaniel
701 N. Brand Blvd. ceo
Glendale 91203 (800) 334-8788
F & A Federal Credit Union (1936) (9) Richard T Andrews
2625 Corporate Place ceo, president
Monterey Park 91754 (323) 268-1226
Xerox Federal Credit Union (1964) (8) Bill Cheney
2200 E. Grand Ave. ceo, president
El Segundo 90245 (310) 333-4200
Cal Tech Employees Federal Credit Richard Harris
Union (1950) (10) ceo, president
528 Foothill Blvd. (800) 592-3328
La Canada Flintridge 91012
Los Angeles Police Federal Credit Stephen Endaya
Union (1959) (11) ceo, president
16150 Sherman Way (818) 787-6520
Van Nuys 91406
Financial Partners Credit Nader Moghaddam
Union (1937) (12) ceo, president
7800 E. Imperial Highway (800) 950-7328
Downey 90242
First Financial Credit Richard Ghysels
Union (1974) (13) ceo, president
1600 W. Cameron Ave. (626) 814-4623
West Covina 91790
Los Angeles Federal Credit Steven McDiffett
Union (1936) (14) ceo, president
300 S. Glendale Ave. (213) 484-8640
Glendale 91205
Farmers Insurance Group Federal Mark Herter
Credit Union (1936) (16) ceo, president
4680 Wilshire Blvd. (323) 935-0100
Los Angeles 90010
First Entertainment Credit Charles Bruen
Union (1967) (17) ceo, president
6735 Forest Lawn Drive (323) 851-3673
Hollywood 90068
Northrop Grumman Federal Credit Stanley Swenson Jr.
Union (1946) (15) ceo, president
879 W. 190th St. (310) 808-4000
Gardena 90248
Telesis Community Credit Grace Mayo
Union (1965) (19) ceo, president
9301 Winnetka Ave. (818) 885-1226
Chatsworth 91311
Water and Power Community Credit Carl Stewart
Union (1936) (18) ceo, president
1053 W. Sunset Blvd. (213) 580-1621
Los Angeles 90012
Credit Union of Southern Dave Gunderson
California (1954) (20) ceo, president
8028 Greenleaf Ave. (562) 698-8326
Whittier 90602
Vista Federal Credit Union (1960) (21) John Janclaes
100 N. First St., Suite 100 ceo, president
Burbank 91502 (407) 354-5100
Honda Federal Credit Union (1966) (22) Jim Updike
19701 Hamilton Ave., Suite 130 ceo, president
Torrance 90502 (310) 217-8600
SCE Federal Credit Union (1952) (23) Dennis Huber
3810 Durbin St. ceo
Irwindale 91706 (800) 866-6474
University Credit Union (1950) (24) Charles Bumbarger
1500 S. Sepulveda Blvd. ceo, president
Los Angeles 90025 (310) 477-6628
First City Credit Union (1937) (25) Steve Punch
717 W. Temple St. ceo, president
Los Angeles 90012 (800) 944-2200
Long Beach City Employees Federal Ken Aimone
Credit Union (1936) ceo, president
2801 Temple Ave. (562) 595-4725
Signal Hill 90755
(1) Annualized net income.
(2) Bauer Financial Reports Inc. proprietary ratings classify each
institution based upon a formula which factors in relevant data
including, but not limited to, current capital levels, proposed
regulations, profitability, historical trends, loan delinquencies,
repossessed assets, reserves, regulatory compliance and asset
quality. Ratings are based on March 31, 2004 data.
***** Superior
**** Excellent
*** + Good
*** Adequate
(3) This is a capital adequacy ratio that measures net worth in
relation to total assets.
(4) This is an asset quality ratio that measures delinquent loans
in relation to total loans.
(5) This is an asset quality ratio that measures net charge-offs
in relation to average loans.
(6) This is an earnings ratio that measures net income in relation
to average assets.
Note: Information for this list was provided by the National Credit
Union Administration. Credit unions are ranked by total assets as
of June 30, 2005. Key CAMEL Ratios are used the by the National
Credit Union Administration to evaluate the performance of credit
unions.
To the best of our knowledge, this information is accurate as of
press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors
sometimes occur. Please send corrections or additions on company
letterhead to the Research Department, Los Angeles Business
Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036.
[c] 2005 Los Angeles Business Journal. This list may not be
reprinted in whole or in part without prior written permission
from the editor. Reprints are available from Wright's Reprints,
(877) 652-5295.
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