Wescom Financial

{{Infobox company

| name = Wescom Financial

| logo = Wescom Financial.png

| logo_size = 180px

| type = Credit union

| foundation = 1934

| location = Pasadena, California, United States

| key_people = Darren Williams, President/CEO
Noel Ross, Board Chairman

| area_served =

| industry = Financial services

| products = Savings; checking; youth account; consumer loans; mortgages; credit cards; investments; insurance; online and mobile banking

| assets = $6 B USD (2019)

| members = 250,000

| num_employees = 800

| subsid =

| homepage = [https://www.wescom.org/ wescom.org]

}}

Wescom Financial is a credit union and financial services company serving California. It has $6 billion in assets and more than 250,000 members.{{cite web | URL=https://mapping.ncua.gov/SingleResult.aspx?ID=66703&IsCorpCU=0|title=NCUA Research a Credit Union | accessdate=6 December 2019 }} It currently has 30 branches, both stand-alone offices and branches inside of grocery stores, as well as a CUSO called Wescom Resources Group headquartered in Pasadena, California that provides technology products and services to credit unions across the United States.{{cite web | title=Wescom Branch Locations and Hours | url=https://www.wescom.org/locations/index.asp | accessdate=29 November 2014 }}

History

The credit union was founded as Telephone Employees Credit Union in 1934 by 13 individuals who wanted to create an alternative to banks. In 1996, the Credit Union changed its name to Wescom Credit Union, typically shortened to Wescom. In 2025, Wescom updated its name to Wescom Financial to better represent its full range of financial services that extend beyond traditional credit union offerings{{Cite web |title=Wescom Financial {{!}} wf update |url=https://www.wescom.org/WF-Update |access-date=2025-03-17 |website=www.wescom.org |language=en}}. It primarily served the telecommunications industry until 1999, when its field of membership was expanded to allow anyone living, working, worshiping, or going to school in Los Angeles, Orange, Riverside, San Bernardino, and Ventura counties to join Wescom. Santa Barbara County was added to Wescom's field of membership in 2004, and San Diego County was added in 2005.{{cite web | title=Wescom 2017 Annual Report | url=http://www.wescom.org/annualreport | accessdate=February 28, 2019 }} {{As of|2016|08}}, Wescom had an "A+" rating from the Better Business Bureau.{{cite web|title=BBB Business Review: Wescom Credit Union|url=http://www.bbb.org/sdoc/business-reviews/credit-unions/wescom-credit-union-in-costa-mesa-ca-172012565|publisher=Better Business Bureau|accessdate=August 28, 2016}}

In 2023, it was announced that the credit union would merge with Central Coast Federal Credit Union of Monterey, California. extending its reach into the Central Coast of California.

Services

Wescom Financial offers these services:

Checking, savings, money market, certificates, and youth accounts
Mortgages
Home Equity Line of Credit
Auto loans
Credit Cards
Student Loans
Financial education and counseling
Auto, homeowners, renters, life, health, and dental insurance
Investment services

Wescom Foundation

The Wescom Foundation is a charitable foundation created in 1999 by Wescom Financial employees with the goal of making California a better place through employee and member volunteerism and investment. Over 25 years, the Wescom Foundation has donated more than $6.4 million, with members contributing over $610,000 to its campaigns since 2020.

References

External links

[https://www.wescom.org/ Wescom Credit Union]

Category:Credit unions based in California

Category:Banks established in 1934

Category:1934 establishments in California