Wescom Credit Union was founded in 1934 in Pasadena, California. Originally called Telephone Employees Credit Union, the company was started by 13 persons who wanted to create an alternative to traditional banks. The name was changed in to Wescom Credit Union in 1996.
The company is a credit union, which offers financial services in the state of California, mainly Southern California. Up until 1999, membership was restricted to the telecommunications industry. However, the company now allows anyone living in, working in or going to school in Los Angeles, San Bernardino, Orange, Riverside, San Diego, Santa Barbara, or Ventura counties to become a member.
Wescom Credit Union has more than $2.5 billion in assets and currently has 300,000 members. The company has an A+ rating with the Better Business Bureau, as of late 2016. There are currently 28 branches, stand alone ATM’s in many locations, such as grocery stores, as well as offering eBanking.