First City Credit Union...you first.
Click Here to Log Into Your Account

 

 

 

About First City

The First City Story

As a credit union, First City Credit Union is a co-operative not-for-profit financial institution, owned and operated by our members. We offer most of the consumer financial services offered by banks. Unlike banks, however, our earnings are returned to members in the form of superior loan and deposit rates, lower fees, and higher quality personalized service.

At First City, we believe in four guiding principles. These four principles make First City the best choice for all of your financial needs...

  1. Value: First City's cost-saving and competitive products and services are designed for a lifetime of financial value.
  2. Personal Service: Even as our automated services continue to advance, First City is still in the business of serving people. Courtesy, honesty, fairness, and accuracy--simple things like a friendly smile and knowing our members by name--are still important to us, as they are to you.
  3. Trust: You can count on First City. Founded 70 years ago, First City is one of America's strongest financial institutions. Deposits are federally insured up to $250,000 per member by the National Credit Union Administration (NCUA), the nation's strongest deposit insurance fund (plus another $250,000 coverage on your IRA!).
  4. Convenience: Whether you conduct your financial business in person, by phone, via ATM, or on your personal computer, First City makes it easy to access your accounts, wherever--and whenever--you need.

First City History and Profile

On September 28, 1937, as America struggled to recover from the Great Depression, a small group of visionary Los Angeles County employees gathered in Room 116 of the downtown Roslyn Hotel on Broadway to make a difference in the lives of their co-workers. By the end of their meeting, they had formed Los Angeles County Employees #11 Federal Credit Union. A month later, at the first Board of Director's meeting, 65 memberships were approved, and $149 in deposits were recorded.

Over the years, "CU #11," as it was called, grew and thrived. By the 1970s, the credit union's assets had grown to $90 million. CU 11 merged with The Claremont Colleges FCU in the late '70s, and with Public Services FCU in the '80s - and took-on the Public Services name. The name was changed to 1st City Savings Federal Credit Union in 1985 to reflect the credit union's broadened membership base. In 2002, a California state charter was adopted, which opened membership eligibility to people who live or work in many communities throughout Los Angeles and parts of San Bernardino Counties - and the name was shortened to First City Credit Union.

In 2010, The credit union merged with Focus One Credit Union.  First City has more than $440 million in assets, and 55,000 members. First City's capital reserves place the credit union among the nation's strongest financial institutions. First City is headquartered in Los Angeles, California, and has eight full-service branches throughout Los Angeles County.

Much has changed since the credit union's founding. From CU #11 to First City, some things never change: like member ownership, volunteer leadership, and a commitment to the highest standards of ethics and quality service.

The Credit Union Difference

Unlike banks, which are established to enrich stockholders, credit unions are established solely to serve their member/owners. Credit union members help each other by pooling their resources for low-cost loans and high-rate deposit accounts. This is the essence of the credit union not-for-profit co-operative structure. Credit union earnings generated during the year are returned to members in the form of better rates, enhanced services, and maintaining institutional reserves - which serve as a shield against loan losses and economic downturns.

The credit union concept is a true expression of the democratic ideal. Credit unions provide proof that co-operative ownership benefits everyone. For evidence, we invite you to compare our rates and fees to the big banks!

The Differences Between Banks and Credit Unions

Banks Credit Unions
For profit businesses Not-for-profit co-operatives
Owned and governed by stockholders Owned and governed by members
Pay dividends to stockholders Pay savings dividends to members
Make loans to corporations, foreign entities, and consumers Make loans to members and their families
Open to the general public Membership eligibility required through employment, association, community, or family relations

It's Easy to Join

If you are interested in joining First City, or would like information about your membership eligibility, please see the Open An Account page on this web site.

By using this web site's online banking service you agree that we have the right to monitor and record your activity on the online banking service, and report unauthorized access or illegal activity to law enforcement agencies.
NCUAEqual Housing Lender