Federal Charter
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Why are you holding the vote meeting so early on a Tuesday? Most people are at work.
Thank you for asking—that’s a completely understandable question. We scheduled the meeting to be consistent...
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Why is CU SoCal proposing to convert to a federal charter?
We are proposing a charter change so we can expand access to our financial services...
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What does this mean for my Membership?
Nothing will change about your Membership. We will continue to be an independent financial cooperative...
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How will this conversion affect my accounts?
Your accounts will not change as a result of the conversion. Member accounts, account numbers,...
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Will CU SoCal’s rates and fees change as a federal credit union?
One benefit of becoming a federally chartered credit union is that loan rates are subject...
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How does this change benefit Members?
As a federal credit union, we’ll be able to operate across state lines much more...
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Why consider this change now?
The timing of our proposed conversion is a strategic step to protect CU SoCal’s long-term...
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Will the credit union’s name change?
We will continue to do business as Credit Union of Southern California and Havasu Community...
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Will my deposits still be insured?
Yes. Just as they are today, all Member accounts will continue to be federally insured...
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Will you still be a not-for-profit credit union?
Yes. We will remain a Member-owned, not-for-profit cooperative. Our mission, values, and focus on Members...