WESCOM CENTRAL CREDIT UNION
123 SOUTH MARENGO AVENUE, PASADENA, CA 911012428 www.wescom.org

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Organizations Filed Purposes: THE GENERAL MISSION OF THE CREDIT UNION IS TO PROMOTE THRIFT, HONESTY, INTEGRITY AND A SPIRIT OF SERVICE AMONG ITS MEMBERS. IN ADDITION, THE ORGANIZATION MAKES LOANS TO ITS MEMBERS AT REASONABLE RATES, INVESTS EXCESS LIQUIDITY PRUDENTLY AND WITHIN LIMITS AS PERMITTED BY CALIFORNIA LAW, AND ENGAGES IN ANY OTHER LAWFUL ACTIVITY NOT PROHIBITED BY APPLICABLE LAWS AND REGULATIONS.

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

THE CREDIT UNION HAD $3.69 BILLION IN ASSETS, $2.35 BILLION IN LOANS AND $3.01 BILLION IN MEMBER DEPOSITS AS OF DECEMBER 31, 2019. THE CREDIT UNION POSTED NET EARNINGS OF $33.6 MILLION IN 2019.

THE CREDIT UNION'S 2019 INITIATIVES INCLUDED MEMBERSHIP GROWTH, ENHANCING PRODUCTS AND SERVICES, INCREASED SERVICE IN OUR COMMUNITIES, DEVELOPMENTS IN DELIVERY CHANNELS, AND LOAN GROWTH.

OUR MISSION IN 2019 WAS TO DEMONSTRATE THE COOPERATIVE PHILOSOPHY OF "PEOPLE HELPING PEOPLE" THAT WE WERE FOUNDED UPON IN 1934. THROUGH ITS EMPLOYEES, MEMBERS AND WESCOM FOUNDATION, THE CREDIT UNION DONATED TO THE FOLLOWING ORGANIZATIONS: $236,000 TO CHILDREN'S MIRACLE NETWORK HOSPITALS, MORE THAN $215,000 TO THE NATIONAL MULTIPLE SCLEROSIS (MS) SOCIETY, AND $100,458 WAS SPENT FOR 42 SPECIAL EMERGENCY LOANS TO MEMBERS IMPACTED BY THE FEDERAL GOVERNMENT SHUTDOWN.

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Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003179349307150_public.xml