LAFCU (CA)

LAFCU was founded in 1936 by 13 Los Angeles, California City Employees to give employees a safe, low-cost, and convenient source to borrow and save money. They gathered $65 to form the “Los Angeles City Employees Federal Credit Union.” In 1987, the name changed to Los Angeles Federal Credit Union to reflect a growing field of membership, which started to include immediate family members of City employees and individuals who lived in the same household as a current member. In 2006, LAFCU expanded its field again to include residents living in the Greater Los Angeles Metropolitan Area by establishing the Los Angeles Charitable Association, Inc. (LACA). LACA is a 501(c)3 nonprofit charity that has donated over $700,000 to other charities. ...