California
BENEFITS OF THE CALIFORNIA STATE CHARTER (Link to DFPI Website)
REGULATING AGENCY: California Department of Financial Protection and Innovation; Office of Credit Unions
California State Capitol
- KC Mohseni, Commissioner
- Greg Young, Senior Deputy Commissioner, Division of Corporations and Financial Institutions
- Purvi Patel, Deputy Commissioner of Credit Unions
- Website: dfpi.ca.gov/credit-unions
ACCREDITED: 1999
LEAGUE: California Credit Union League
- Scott Simpson, President/CEO
- Website: ccul.org
PRIVATE SHARE INSURANCE: YES
2024 STATS
- Largest SCU: THE GOLDEN 1 CU $19.61B in assets
- Largest FCU: SCHOOLSFIRST FCU $31.93B in assets
| Fourth Quarter 2024 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 110 | 140 | 250 | 44.00% |
| Credit Union Members | 8.17M | 5.91M | 14.07M | 58.02% |
| Credit Union Assets | $159.92B | $132.56B | $292.48B | 54.68% |
FUN FACT
The first movie theater opened in in Los Angeles in 1902. In 1947 Norma Jean was crowned Castroville’s first Artichoke Queen. She would become Marilyn Monroe
What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!