Total assets $2.6 B USD (2011) Customer service 00 1 626-535-1000 COO Jane P. Wood | Website wescom.org CEO Darren Williams Founded 1934 | |
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Key people Darren Williams, President/CEOVirginia C. Panossian, Chair Products Savings; checking; consumer loans; mortgages; credit cards; investments; online banking VPs Jonathon Bauman, Jeanne Brown (Risk Management) Subsidiaries | ||
Case study wescom credit union
Wescom Credit Union is a credit union and financial services company serving Southern California. It has over $2.5 billion in assets and nearly 300,000 members. It currently has 28 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.
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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. It primarily served the telecommunications industry until 1999, when its field of membership was expanded to allow anyone living, working, 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. As of August 2016, Wescom had an "A+" rating from the Better Business Bureau.
Services
Wescom Credit Union has these services: