Caltech Employees Federal Credit Union
From Wikipedia, the free encyclopedia
 | |
| Company type | Credit Union |
|---|---|
| Industry | Financial services |
| Founded | April 11, 1950 |
| Headquarters | La Cañada, California , |
Area served | La Cañada Flintridge, California |
Key people | John Meeker (President and CEO), Steve Proia (Chair, Board of Directors) |
| Services | Banking, credit, and loans |
| Total assets |
|
| Members | 37,000 |
| Website | www |
Caltech Employees Federal Credit Union (CEFCU) is a credit union for the California Institute of Technology family and its affiliate organizations. CEFCU is headquartered in La Cañada Flintridge and is the 36th largest credit union in the state of California. It is also the 245th largest credit union in the nation. Caltech Employees Federal Credit Union's savings rates are six times the national average.[1][2]
CEFCU membership is available to the Caltech community and members of their immediate families. The credit union makes personal loans at interest rates that usually exceed the interest rates available on short-term accounts at banks or savings institutions.
Caltech Employees Federal Credit Union was established on 11 April 1950 by seven employees of the California Institute of Technology. At present, it has over 37,000 members with assets over $2 billion.[3] The services offered by CEFCU are share savings accounts, youth savings accounts, real estate and vehicle loans, personal loans, credit card services and others.[4]
In 2016, the company announced their new Real Estate Loan Center. The office of the loan center is located at the corner of Foothill Boulevard and Commonwealth Avenue in La Cañada Flintridge.[3]