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La Federal Credit Union

Finance / Credit Unions

3850 Culver Ctr,
Culver City, CA 90232

(877) 695-2328

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About

During the Great Depression in 1936, 13 Los Angeles City employees pooled their resources of $65 and formed the Los Angeles City Employees Federal Credit Union. They wanted to give fellow City employees a safe, low-cost, convenient source to borrow and save money in the midst of a challenging economy. After getting approval from the federal government to begin operations, the group of employees increased to 18 and formed a 7-member Board of Directors, a 3-member credit committee, a 3-member supervisory committee and a 5-member membership committee to govern the credit union. They ran the business with one part-time employee from a room inside Los Angeles City Hall at 200 North Spring Street. In 1987, the name changed to Los Angeles Federal Credit Union (LAFCU) to reflect a growing field of membership, which started to include immediate family members of City employees and individuals who lived in the same household as a current member. The initial deposit in 1933 of $65 from 13 members has grown to over $850 million in assets from 54,000 members, more than 150 credit union employees and 8 branches in several cities in the Greater Los Angeles Area. Today, anyone living in most counties of Southern California is eligible to join LAFCU by first contributing a minimum of $1 to the Los Angeles Charitable Association, Inc. From its early beginnings on through the years, LAFCU has remained a strong, secure financial institution that remains committed to serving the financial needs of its members, the City of Los Angeles, and the Southern California area.

Business Hours

Monday 9:00 AM - 5:00 PM

Tuesday 9:00 AM - 5:00 PM

Wednesday 9:00 AM - 5:00 PM

Thursday 9:00 AM - 5:00 PM

Friday 9:00 AM - 5:00 PM

Saturday Closed

Sunday Closed