On April 11, 1950, seven Caltech employees established Caltech Employees Federal Credit Union (CEFCU). Each of these founding members contributed one share of $5 to the first pool of Credit Union money.
After 70 years of service, the Credit Union has grown from those first seven-member accounts and assets of $35 to its current size of over 37,000-member accounts and assets over $2 billion.
Membership has expanded to include organizations aligned with the exclusive Caltech community, as well as immediate family of current members.
CEFCU services have grown, too, from the basic share account and loans to include a wide variety of consumer and real estate loan products, supporting services, and online access through eBranch and our mobile app.
The Credit Union is proud to provide our members with superior financial value, unsurpassed service, and unwavering security.