Credit Unions
Credit Unions are member owned financial institutions which provide savings, loan and related services to qualified members.
Eligibility
Verifiable employment at California State University, Long Beach or family relationship to a Credit Union member. Employees and students with verifiable enrollment at California State University, Long Beach are eligible for membership with various credit unions, including the LBS Financial Credit Union, Ocean Crest Credit Union and Orange County Teachers Financial Credit Union.
Enrollment
Credit Union membership generally requires a one time membership fee and a minimum savings deposit.
You may contact the individual credit union for information regarding eligibility and services. Brochures on the credit unions mentioned above are available at the Benefits Services Department, BH-358. You may also contact them directly at:
Cancellation
Payroll deduction may be canceled at anytime by contacting the Credit Union directly.
Benefits & Services
Credit Unions offer checking, savings, and ATM services; money market accounts, certificates of deposit, loans (automobile, line of credit, IRA's and real estate), select insurance options and VISA.
Purpose & Structure
Credit Unions have been serving University and State employees and their families for more than 40 years. The purpose of a Credit Union is to offer value to members through competitively-priced savings and loan products.
When you join a Credit Union, you become a member-owner of the Credit Union. Interest earned from loans to members or through Credit Union investments is given back to members in the form of higher savings rates, lower loan rates and improved Credit Union services.
Organization
Credit Unions are non-profit corporations organized under the laws of the State of California. All member accounts are federally insured up to $100,000 by the National Credit Union Administration (NCUA), an agency of the Federal Government.