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Your savings federally insured
to at least $100,000 and backed
by the full faith and credit of the
United States Government.
National Credit Union Administration,
a U.S. Government Agency.

About Us

Santa Monica City Employees Federal Credit Union is a not-for-profit financial cooperative, owned and operated by its members. This is what distinguishes the Credit Union from other financial institutions. Members put their money in a variety of accounts, and that money, in turn, is loaned to members. After operating expenses and reserve requirements are met, remaining income is returned to all members in the form of dividends and comprehensive financial services.

History

Santa Monica City Employees Federal Credit Union was founded in 1935 and is governed by a board of seven directors. The board establishes and reviews policy and with the Supervisory Committee review the performance of the credit union. The directors are Credit Union members who are elected by the membership and serve without pay. Every member has one vote, regardless of how much he or she has on deposit. At the Credit Union, there is no select group of shareholders that profit more than anyone else. All members profit -- individually and collectively.

Mission Statement

Santa Monica City Employees Federal Credit Union is a member owned financial institution committed to providing safe, sound, effective personalized financial services to meet the needs of our members.